They stole extra. Just incase the brown paper bag , get out of jail maneuver was needed . They will go straight to Cong's hotel for a massage, drinks , a 5 course meal with hookers , and after party .
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AVZ Discussion 2022
- Thread starter GazDix
- Start date
Dont forget AVZ B O D G J was charged for FORGERY and found guilty by the DRC court system..!
Sentenced to 3 years jail....?????>>>!!!!!
Cong then attempted to claim the new share certificate issued by the RCCM was a forgery and perhaps inexplicably, managed to convince a criminal court in the DRC of his claim. Perhaps even more inexplicably, the court found in favour of Cong and Dathomir and sentenced Johnston and the clerk responsible for creating new share certificates to three years’ jail and one year in jail, respectively – although happily, the clerk had his jail term suspended
Sentenced to 3 years jail....?????>>>!!!!!
Cong then attempted to claim the new share certificate issued by the RCCM was a forgery and perhaps inexplicably, managed to convince a criminal court in the DRC of his claim. Perhaps even more inexplicably, the court found in favour of Cong and Dathomir and sentenced Johnston and the clerk responsible for creating new share certificates to three years’ jail and one year in jail, respectively – although happily, the clerk had his jail term suspended
CashKing
Regular
JAG’s Beach house 
cruiser51
Top 20
Surely they must have this mixed up with the other Congo. We know that in DRC the Chinese only ever act with the highest ethical standards and in full compliance with all laws and regulations.
View attachment 75331
DR Congo gold: Chinese nationals arrested with bars and $800,000 cash in Walungu
The gold and money was allegedly hidden under the seats of the vehicle they were travelling in.www.bbc.com
Shit happens
They thought your land is my land.
I wonder why they are sitting on leather chairs for thieving from the country
Us helping the DRC
The-us-wants-bhp-and-rio-to-get-crazy-rich-in-the-congo.
The U. S. is supporting BHP and Rio Tinto’s efforts to develop a large copper mine in the Democratic Republic of Congo (DRC).
According to a recent article, the U.S. government believes it has a solution to the single problem BHP and Rio Tinto see with the mine developed by American billionaire Robert Friedland’s company,
Ivanhoe Mines. This initiative aims to capitalize on the DRC’s substantial mineral wealth, which is estimated at $24 trillion, despite the country being among the poorest in the world.
The U.S. is working to break the link between conflict and minerals trade in the eastern DRC, in collaboration with the Congolese government, donors, the private sector, and civil society.
This sounds like just another DRC pantomime.
Sadiki appears to be using the old political trick of arresting a few low level operators while dog-whistling ministerial support in order to give the appearance of a serious crack-down on illegal activities that derive the government of tax revenue.
Meanwhile industrial scale graft and corruption continue unabated throughout the country... and with Felix's finger prints all over it.
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behind a paywall.
www.bloomberg.com
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ByWilliam Clowes
January 7, 2025 at 12:00 AM EST
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China’s Zijin Mining Group Co. aims to start producing lithium in the Democratic Republic of Congo early next year from one of the world’s largest deposits of the battery metal.
Zijin is accelerating activity at a site in southeast Congo that’s still claimed by AVZ Minerals Ltd. The Australian firm has initiated arbitration proceedings against both the government and Zijin as part of its efforts to recover an exploration license.
China’s Zijin Plans Lithium Production in Congo From Early 2026
China’s Zijin Mining Group Co. aims to start producing lithium in the Democratic Republic of Congo early next year from one of the world’s largest deposits of the battery metal.
www.bloomberg.com
China’s Zijin Plans Lithium Production in Congo From Early 2026
- The large deposit is subject of an ongoing legal dispute
- Chinese firms are investing heavily in Africa’s lithium
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Before it’s here, it’s on theBloomberg Terminal
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ByWilliam Clowes
January 7, 2025 at 12:00 AM EST
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China’s Zijin Mining Group Co. aims to start producing lithium in the Democratic Republic of Congo early next year from one of the world’s largest deposits of the battery metal.
Zijin is accelerating activity at a site in southeast Congo that’s still claimed by AVZ Minerals Ltd. The Australian firm has initiated arbitration proceedings against both the government and Zijin as part of its efforts to recover an exploration license.
behind a paywall.
China’s Zijin Plans Lithium Production in Congo From Early 2026
China’s Zijin Mining Group Co. aims to start producing lithium in the Democratic Republic of Congo early next year from one of the world’s largest deposits of the battery metal.
China’s Zijin Plans Lithium Production in Congo From Early 2026
- The large deposit is subject of an ongoing legal dispute
- Chinese firms are investing heavily in Africa’s lithium
Gift this article
Share feedback
Have a confidential tip for our reporters?Get in Touch
Before it’s here, it’s on theBloomberg Terminal
LEARN MORE
ByWilliam Clowes
January 7, 2025 at 12:00 AM EST
Save
China’s Zijin Mining Group Co. aims to start producing lithium in the Democratic Republic of Congo early next year from one of the world’s largest deposits of the battery metal.
Zijin is accelerating activity at a site in southeast Congo that’s still claimed by AVZ Minerals Ltd. The Australian firm has initiated arbitration proceedings against both the government and Zijin as part of its efforts to recover an exploration license.
China’s Zijin Plans Lithium Production in Congo From Early 2026
By William ClowesJanuary 07, 2025 at 12:00AM EST
Lithium Photographer: Cynthia R Matonhodze/Bloomberg (Cynthia R Matonhodze/Bloomberg)
(Bloomberg) -- China’s Zijin Mining Group Co. aims to start producing lithium in the Democratic Republic of Congo early next year from one of the world’s largest deposits of the battery metal.
Zijin is accelerating activity at a site in southeast Congo that’s still claimed by AVZ Minerals Ltd. The Australian firm has initiated arbitration proceedings against both the government and Zijin as part of its efforts to recover an exploration license.
The Manono project is expected to start production during the first quarter of 2026, a Zijin spokesperson said by email. That would make it the first operating lithium mine in Congo, the world’s second-largest copper producer and biggest source of cobalt.
Chinese companies including Zijin are investing heavily in Africa’s lithium resources from Mali to Zimbabwe, even after prices slumped almost 90% from a peak in 2022. They are seeking to lock down feedstock for refineries at home in anticipation of soaring future consumption of the metal.
While the current supply glut will likely continue in the short term, there is still “room for demand from the global new energy vehicle and energy storage industries” over a longer horizon, Zijin said in September. The company’s other lithium projects are in China and Argentina.
Zijin – which has copper, gold, lithium and zinc mines across five continents – is developing Manono in a joint venture with the Congolese state and was granted a full mining license four months ago. The asset is “sizable,” with an average grade of 1.51% lithium oxide, the spokesperson said.
Legal Dispute
Explorer AVZ has said the wider area is “the world’s largest hard rock lithium deposit.”
Perth-based AVZ has accused Congo of acting illegally by taking over its whole permit and then awarding the northern portion to a unit of Zijin in September 2023. AVZ said arbitration tribunals have ordered Zijin’s state-owned partner to halt any move to develop the contested permit area until they hear the cases. The government is “in blatant violation of several injunctions,” an AVZ spokesperson said by email.
AVZ said last month that the Australian Federal Police searched its premises concerning allegations of bribery related to the Manono lithium project. The company has denied any wrongdoing.
If Zijin builds a mine on a scale envisaged by AVZ in a 2020 study, only a few giant projects in No. 1 producer Australia, such as Albemarle Corp.’s Greenbushes, and the recently opened Goulamina in Mali, would be bigger, said Thomas Matthews, battery materials analyst at CRU Group.
Previous studies indicate Manono should be profitable even at current weak prices, he said.
Zijin is “in full compliance” with all legal and regulatory requirements in Congo, the spokesperson said. “We are very pleased to have received the Manono exploitation permit and our priority now is to proceed with developing it,” the spokesperson said.
The Chinese company declined to say what output level it’s targeting, but intends to commission the processing plant in phases. While the joint venture will begin by manufacturing and exporting lithium concentrate and sulfate, Zijin will consider doing additional refining in Manono when there’s a reliable power supply, the spokesperson said. A subsidiary has already rehabilitated a nearby hydroelectric facility.
Zijin also has interests in two copper mines in Congo, including a 39.6% stake in the giant Kamoa-Kakula complex, which is a partnership with Ivanhoe Mines Ltd.
Congo’s mines ministry didn’t respond to a request for comment.
--With assistance from Annie Lee and Michael J. Kavanagh.
©2025 Bloomberg L.P.
Top Stories
thanks wombat. makes my blood boil reading that though.China’s Zijin Plans Lithium Production in Congo From Early 2026
By William Clowes
January 07, 2025 at 12:00AM EST
Lithium Photographer: Cynthia R Matonhodze/Bloomberg (Cynthia R Matonhodze/Bloomberg)
(Bloomberg) -- China’s Zijin Mining Group Co. aims to start producing lithium in the Democratic Republic of Congo early next year from one of the world’s largest deposits of the battery metal.
Zijin is accelerating activity at a site in southeast Congo that’s still claimed by AVZ Minerals Ltd. The Australian firm has initiated arbitration proceedings against both the government and Zijin as part of its efforts to recover an exploration license.
The Manono project is expected to start production during the first quarter of 2026, a Zijin spokesperson said by email. That would make it the first operating lithium mine in Congo, the world’s second-largest copper producer and biggest source of cobalt.
Chinese companies including Zijin are investing heavily in Africa’s lithium resources from Mali to Zimbabwe, even after prices slumped almost 90% from a peak in 2022. They are seeking to lock down feedstock for refineries at home in anticipation of soaring future consumption of the metal.
While the current supply glut will likely continue in the short term, there is still “room for demand from the global new energy vehicle and energy storage industries” over a longer horizon, Zijin said in September. The company’s other lithium projects are in China and Argentina.
Zijin – which has copper, gold, lithium and zinc mines across five continents – is developing Manono in a joint venture with the Congolese state and was granted a full mining license four months ago. The asset is “sizable,” with an average grade of 1.51% lithium oxide, the spokesperson said.
Legal Dispute
Explorer AVZ has said the wider area is “the world’s largest hard rock lithium deposit.”
Perth-based AVZ has accused Congo of acting illegally by taking over its whole permit and then awarding the northern portion to a unit of Zijin in September 2023. AVZ said arbitration tribunals have ordered Zijin’s state-owned partner to halt any move to develop the contested permit area until they hear the cases. The government is “in blatant violation of several injunctions,” an AVZ spokesperson said by email.
AVZ said last month that the Australian Federal Police searched its premises concerning allegations of bribery related to the Manono lithium project. The company has denied any wrongdoing.
If Zijin builds a mine on a scale envisaged by AVZ in a 2020 study, only a few giant projects in No. 1 producer Australia, such as Albemarle Corp.’s Greenbushes, and the recently opened Goulamina in Mali, would be bigger, said Thomas Matthews, battery materials analyst at CRU Group.
Previous studies indicate Manono should be profitable even at current weak prices, he said.
Zijin is “in full compliance” with all legal and regulatory requirements in Congo, the spokesperson said. “We are very pleased to have received the Manono exploitation permit and our priority now is to proceed with developing it,” the spokesperson said.
The Chinese company declined to say what output level it’s targeting, but intends to commission the processing plant in phases. While the joint venture will begin by manufacturing and exporting lithium concentrate and sulfate, Zijin will consider doing additional refining in Manono when there’s a reliable power supply, the spokesperson said. A subsidiary has already rehabilitated a nearby hydroelectric facility.
Zijin also has interests in two copper mines in Congo, including a 39.6% stake in the giant Kamoa-Kakula complex, which is a partnership with Ivanhoe Mines Ltd.
Congo’s mines ministry didn’t respond to a request for comment.
--With assistance from Annie Lee and Michael J. Kavanagh.
©2025 Bloomberg L.P.
Top Stories
Corruption in the DRC is endemic and on an industrial scale, as it is in much of the third world.
It is called the 'third world' for a reason and using 'developing' is just woke.
In time, the old guard will give way to the new. The only doubts are when? and who exactly is new?
That will be decided by power struggles between clans and also within clans.
Any semblance of removing bad apples is merely cosmetic, and just like botox is soon obviously fake.
DRC will come to the table, when there really is no other alternative. At what point that stage is reached, I really have no idea.
What I do know is that there is very little, if anything, that will make the CCP compel DRC to negotiate.
So AVZ, by following the current policy ( as I understand it ), is addressing the issues by the only feasible route.
How / if it's successful and when is another unknown.
Winenut
GO AVZ!!!!
Zijin is “in full compliance” with all legal and regulatory requirements in Congo, the spokesperson said. “We are very pleased to have received the Manono exploitation permit and our priority now is to proceed with developing it,” the spokesperson said.
That quote makes me puke
Show me one shred of evidence that Zijin complied at any point with the DRC mining code and regulations in the process of obtaining a licence
Fkn arseholes .....and Cominiere
Bunch of cnts all of them
That quote makes me puke
Show me one shred of evidence that Zijin complied at any point with the DRC mining code and regulations in the process of obtaining a licence
Fkn arseholes .....and Cominiere
Bunch of cnts all of them
RHyNO
Regular
I appreciate management don’t have to respond to every social media quote. But maybe they could respond to Bloomberg? Pretty wild zinjin just out there saying whatever they like.
Yes sounds like Zinjin full steam ahead
It's f--ked , but not surprised .Nothing new in this article . The North is gone . I'm just hoping, now we have funding to f--k these c--ts over at the ICSID , the North becomes part of a bargaining chip whereby we keep the South as a trade off . This sh1t needs to come to an end .I'll ask @Carlos Danger again, if he still believes the North is the hold up ?
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Have been granted a full mining license
Also sorted the power situation
Maybe AVZ is on the outer looking in…!!..imo
IMO,
Once the North is gone, then Z will want to reduce all Lithium competition . Using infrastructure delays they will make development of the rump impossible and will continue the delaying game in order to eventually steal the remainder.
DRC will just do what they're told
BRICK
Where’s Zeebot 😶🌫️
Fuckbehind a paywall.
China’s Zijin Plans Lithium Production in Congo From Early 2026
China’s Zijin Mining Group Co. aims to start producing lithium in the Democratic Republic of Congo early next year from one of the world’s largest deposits of the battery metal.
China’s Zijin Plans Lithium Production in Congo From Early 2026
- The large deposit is subject of an ongoing legal dispute
- Chinese firms are investing heavily in Africa’s lithium
Gift this article
Share feedback
Have a confidential tip for our reporters?Get in Touch
Before it’s here, it’s on theBloomberg Terminal
LEARN MORE
ByWilliam Clowes
January 7, 2025 at 12:00 AM EST
Save
China’s Zijin Mining Group Co. aims to start producing lithium in the Democratic Republic of Congo early next year from one of the world’s largest deposits of the battery metal.
Zijin is accelerating activity at a site in southeast Congo that’s still claimed by AVZ Minerals Ltd. The Australian firm has initiated arbitration proceedings against both the government and Zijin as part of its efforts to recover an exploration license.
Off
Cunts… seriously
BRICK
Where’s Zeebot 😶🌫️
Killemall
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