Haha, just imagine the risk premium on DRC bonds.
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AVZ Discussion 2022
- Thread starter GazDix
- Start date
Haha, just imagine the risk premium on DRC bonds.
A bet that the country is changing?
No thanks. I took that bet once before and it didn't work out so well.
These bonds need to be printed on paper to have any real value. Soft, strong, three ply paper.
Xerof
Flushed the Toilet
and white, not brown…..
Interesting to see what this translate into
Link: https://x.com/CadastreMinier/status/2016092606518751673?s=20
Link: https://x.com/CadastreMinier/status/2016092606518751673?s=20
I would call this a "Stand up comedy", but they are all sitting down - maybe its a "Slap stick comedy" because we all know they need a good beating.
Link: https://x.com/MinMinesRDC/status/2016100648274502077?s=20
Link: https://x.com/MinMinesRDC/status/2016100648274502077?s=20
Guess who the cat dragged in. My interpretation is that our X Lawyer saying that things went pear shape because Nigel would allow agreements to be re-negotiated at the expense of AVZ.
Linke to the video: https://x.com/Vianney_Light/status/2016129933802651653?s=20
I think this is a new video
Linke to the video: https://x.com/Vianney_Light/status/2016129933802651653?s=20
I think this is a new video
Jacob Kiraz
Regular
Any offers lately, just remember what the shareprice was at suspension and what this share is really worth
Based on auto translate he claims:
1) After AVZ bought their share of the project and completed the feasibility study the Congolese wanted to renegotiate the price they'd previously accepted and wanted AVZ to share the project with a bunch of other companies. I interpret this to mean dividing our project amongst others who wanted ongoing payments rather than just a once off extra payment. Head of CAMI used to do this, nothing got approval unless a few percent of the project was given to a minor company owned by someone he controlled, allowing him to skim profits from the project every year. AVZ refused, problems follwed.
2) He says the escrow account (that he neglects to mention he controlled) was used to bribe Congolese officials in an attempt to obtain our mining permit. If our own lawyer was making the claim that certainly explains the AFP raid. Not saying I believe him mind you, I figure he stole the money, aligned with Cominiere, and spun that story to try and deflect justice.
So this corrupt prick is saying that AVZ followed the mining code and honoured all contracts! If he is squeaky clean why did he disappear for months?
He speaks in such a way as to say that AVZ were bad because they didn't share the project with a bunch of other companies that wanted a slice after AVZ paid for their shares and bore all the costs proving up the resource.
These other companies had no part in the process and only turned up once the project economics were known. My guess is these other companies were just shells existing only to skim profits for politically connected Congolese.
My impression from the way they speak is they both think that's how things work. That these other companies were entitled to a slice and AVZ were in fact bad for not sharing. There's mention of how strict AVZ was in their corporate governance as if that's a bad thing. They also say that whenever AVZ met with the Congolese there was s policy of always having at least four representatives from AVZ present.
Sounds to me like our board tried hard to avoid being incriminated by conduct the people they were dealing with expected as just part of doing business in Congo. When they didn't get their expected slice the Congolese turned coat and screwed over AVZ all the while thinking themselves justified.
Carlos Danger
Top 20
Dave Evans
Regular
Thanks for sharing those links @SilentOne
You could reply to the Minister of Mines querying how he expects any international investor to trust the people videoed in the room with billions of dollars and show him this video
As @Carlos Danger says, that video with Lukusa and Mills Tshibangu is old. Tshibangu released a lot of video interviews in the past, all full of bullshit
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Carolos thanks for that - I thought it was a new one - my bad
Dave Evans
Regular
It’s just like I said on the other thread, time to keep our foot on their throats
Ongoing Corruption Makes International Investment Dangerous In The DRC
Why the DRC is too dangerous to invest in and why the DRC won’t prosper while corruption continues under the protection of the President and corrupt officials Corruption in the DRC has remained under the Tshisekedi government. The DRC government and mining sectors are rife with bribes...
thestockexchange.com.au
Cominiere’s Corruption
Cominiere’s Corruption Investors, mining companies, battery maker’s and EV manufacturer’s around the world know the story of AVZ Minerals and how DRC state miner Cominiere seized the Manono lithium project from Dathcom and sold it to Chinese Zijin Mining Follow the links below to see 1. The...
thestockexchange.com.au
David E’ngazi's Opaque $70 Million Payment From Zijin
19/04/2024 Lithium: the intriguing transformation of $ 70 million from Zijin Mining to an NGO As part of its partnership with La Comminière, a subsidiary of the Chinese mining Zijin paid an important contribution to a mysterious Congolese NGO, whose president is himself a public company...
thestockexchange.com.au
Lisette Tshibwabwa Kabanga
31/07/2023 Lithium: the COMINIERE and the Congolese State paid US$1.6 million for the lobbying of Lisette Tshibwabwa Kabanga "Lisette Kabanga Tshibwabwa justified in particular the legality of lobbying in Congo" NEWSECONOMY Lithium: the COMINIERE and the Congolese State paid US$1.6 million...
thestockexchange.com.au
Africa Intelligence
Read the report on Lisette Kabanga Tshibwabwa from Africa Intelligence Attachments 1691890971479.jpeg 293.3 KB · Views: 199 https://www.africaintelligence.com/central-africa/2022/12/13/senior-presidency-official-facilitated-controversial-cominiere-share-sale,109873428-gra
thestockexchange.com.au
Manono Lithium Continues To Violate ICC and ICSID Orders In The DRC
17/11/2023 https://announcements.asx.com.au/asxpdf/20231117/pdf/05xgd2s91x97y0.pdf 10/01/2024 Manono: The suspension of Manono Lithium's activities is being debated The Governor of the Province of Tanganyika suspends the career activities of the mining company ManonoLithium for an...
thestockexchange.com.au
Cominiere violated AVZ’’s FROR set out in their joint venture contract and sold 15% of Dathcom’s shares to Zijin subsidiary Jin Cheng
Recording of Celestin Kibeya Kabemba accepting money from Zijin for the sale
x.com
x.com
Proof the sale by Cominiere to Zijin was fraudulent and proof all the money disappeared under opaque circumstances, verified in the DRC Inspector General of Finance report
https://static1.squarespace.com/sta...f+DRC+Mining+Assets+by+COMINIERE+SA+-+ENG.pdf
https://congominespdfstorage.blob.core.windows.net/congominespdfstorage/Rapport-IGF-sur-COMINIERE-S-A-6387826ba915e (1).pdf
Cominiere and Zijin’s attempts to undermine AVZ Minerals position as the major shareholder of Dathcom. The ICC findings shown below
https://static1.squarespace.com/sta...s+Against+Jin+Cheng+ICC+Proceedings+-+Eng.pdf
Cominiere then terminates the Dathcom joint venture sighting disagreements between shareholders in Dathcom and claims full ownership rights over PR13359
https://announcements.asx.com.au/asxpdf/20230417/pdf/45nqfydgl4grrk.pdf
International Chamber of Commerce findings in favour of AVZ Minerals and rulings against Cominiere
https://static1.squarespace.com/sta...rable+Ruling+in+ICC+Emergency+Arbitration.pdf
https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/6556c81619b89256c649135d/1700186135012/20231117+-+ASX+AVZ+Successfully+Restrains+Cominière+and+Additional+ICC+Arbitration+Updates.pdf
https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/65577f9e3ceec52a0ea0145a/1700233132219/Affaire+CCI+27720+SP+(EA)-Ordonnance+CS+15-11-23+-+Eng+Translation.pdf
https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/67d3c05d706c8e3c6453432b/1741930593293/20250314+-+Announcement+-+Response+to+Media+Speculation+and+ICC+Decision+to+Liquidate+Cominiere+Penalty(1300575192.2)+ENG_FRE.pdf
https://static1.squarespace.com/sta...uncement+-+ICC+Dismisses+Cominiere+Action.pdf
International Centre For Settlement Of Investment Disputes orders
https://static1.squarespace.com/sta...+AVZ+Successful+in+ICSID+Interim+Measures.pdf
Cominiere’s fraud and lack of transparency documented in the IGF Report, ICC and ICSID. IGF and other Reports also showing evidence of Cominiere BOD members Lisette Kabanga and David Engazi receiving millions of dollars from Zijin Mining which disappeared without trace
Photos below of Celestin Kibeya eyeing off lithium cores that AVZ Minerals drilled, standing with Lisette Kabanga, and speaking on television how he wants to control the DRC’s mining finances
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Dave Evans
Regular
It’s just like I said on the other thread, time to keep our foot on their throats
Ongoing Corruption Makes International Investment Dangerous In The DRC
Why the DRC is too dangerous to invest in and why the DRC won’t prosper while corruption continues under the protection of the President and corrupt officials Corruption in the DRC has remained under the Tshisekedi government. The DRC government and mining sectors are rife with bribes...
Cominiere’s Corruption
Cominiere’s Corruption Investors, mining companies, battery maker’s and EV manufacturer’s around the world know the story of AVZ Minerals and how DRC state miner Cominiere seized the Manono lithium project from Dathcom and sold it to Chinese Zijin Mining Follow the links below to see 1. The...
David E’ngazi's Opaque $70 Million Payment From Zijin
19/04/2024 Lithium: the intriguing transformation of $ 70 million from Zijin Mining to an NGO As part of its partnership with La Comminière, a subsidiary of the Chinese mining Zijin paid an important contribution to a mysterious Congolese NGO, whose president is himself a public company...
Lisette Tshibwabwa Kabanga
31/07/2023 Lithium: the COMINIERE and the Congolese State paid US$1.6 million for the lobbying of Lisette Tshibwabwa Kabanga "Lisette Kabanga Tshibwabwa justified in particular the legality of lobbying in Congo" NEWSECONOMY Lithium: the COMINIERE and the Congolese State paid US$1.6 million...
Africa Intelligence
Read the report on Lisette Kabanga Tshibwabwa from Africa Intelligence Attachments 1691890971479.jpeg 293.3 KB · Views: 199 https://www.africaintelligence.com/central-africa/2022/12/13/senior-presidency-official-facilitated-controversial-cominiere-share-sale,109873428-gra
Manono Lithium Continues To Violate ICC and ICSID Orders In The DRC
17/11/2023 https://announcements.asx.com.au/asxpdf/20231117/pdf/05xgd2s91x97y0.pdf 10/01/2024 Manono: The suspension of Manono Lithium's activities is being debated The Governor of the Province of Tanganyika suspends the career activities of the mining company ManonoLithium for an...
Cominiere violated AVZ’’s FROR set out in their joint venture contract and sold 15% of Dathcom’s shares to Zijin subsidiary Jin Cheng
Recording of Celestin Kibeya Kabemba accepting money from Zijin for the sale
x.com
x.com
Proof the sale by Cominiere to Zijin was fraudulent and proof all the money disappeared under opaque circumstances, verified in the DRC Inspector General of Finance report
https://static1.squarespace.com/sta...f+DRC+Mining+Assets+by+COMINIERE+SA+-+ENG.pdf
https://congominespdfstorage.blob.core.windows.net/congominespdfstorage/Rapport-IGF-sur-COMINIERE-S-A-6387826ba915e (1).pdf
Cominiere and Zijin’s attempts to undermine AVZ Minerals position as the major shareholder of Dathcom. The ICC findings shown below
https://static1.squarespace.com/sta...s+Against+Jin+Cheng+ICC+Proceedings+-+Eng.pdf
Cominiere then terminates the Dathcom joint venture sighting disagreements between shareholders in Dathcom and claims full ownership rights over PR13359
https://announcements.asx.com.au/asxpdf/20230417/pdf/45nqfydgl4grrk.pdf
International Chamber of Commerce findings in favour of AVZ Minerals and rulings against Cominiere
https://static1.squarespace.com/sta...rable+Ruling+in+ICC+Emergency+Arbitration.pdf
https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/6556c81619b89256c649135d/1700186135012/20231117+-+ASX+AVZ+Successfully+Restrains+Cominière+and+Additional+ICC+Arbitration+Updates.pdf
https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/65577f9e3ceec52a0ea0145a/1700233132219/Affaire+CCI+27720+SP+(EA)-Ordonnance+CS+15-11-23+-+Eng+Translation.pdf
https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/67d3c05d706c8e3c6453432b/1741930593293/20250314+-+Announcement+-+Response+to+Media+Speculation+and+ICC+Decision+to+Liquidate+Cominiere+Penalty(1300575192.2)+ENG_FRE.pdf
https://static1.squarespace.com/sta...uncement+-+ICC+Dismisses+Cominiere+Action.pdf
International Centre For Settlement Of Investment Disputes orders
https://static1.squarespace.com/sta...+AVZ+Successful+in+ICSID+Interim+Measures.pdf
Cominiere’s fraud and lack of transparency documented in the IGF Report, ICC and ICSID. IGF and other Reports also showing evidence of Cominiere BOD members Lisette Kabanga and David Engazi receiving millions of dollars from Zijin Mining which disappeared without trace
Photos below of Celestin Kibeya eyeing off lithium cores that AVZ Minerals drilled, standing with Lisette Kabanga, and speaking on television how he wants to control the DRC’s mining finances
View attachment 94631
View attachment 94632 View attachment 94633
A few things I’m pretty sure of is that the DRC is really desperate for foreign investment and assistance with security from the US, and they are going out of their way to convince other countries they are endeavouring to clean up their mining sector and show it is transparent and has good governance.
The US is also desperate for critical minerals and has already committed billions to the Lobito Corridor to transport critical minerals back to the US. My thoughts have always been to expose the DRC corruption to put pressure on them and I still think it’s the only way to get what we are owed
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