AVZ Discussion 2022

[Frank]

"Capacity ≠ quality supply"

Two things Manono has in Spades for Decades

Right Place, Right Time, Right Resource

Don't forget the Rin TinTin

Food for thought

Frank

 

[cruiser51]

 

[CHB]

This is it boys

 

[Sammy_da_Smile]

This is it boys

 

[CHB]

I wonder if our African bank financing will be announced tomorrow as well?

 

[Dazmac66]

All this fanfare and still no go ahead to start construction of the mine to supply this futuristic battery super hub. Frustrating for even the most patient and informed holders. Should we expect a little notification icon this morning?

 

[Dazmac66]

I wonder if our African bank financing will be announced tomorrow as well?

Isn't Wednesday tonight if you know what I mean?

 

[Winenut]

All this fanfare and still no go ahead to start construction of the mine to supply this futuristic battery super hub. Frustrating for even the most patient and informed holders. Should we expect a little notification icon this morning?

Well that would be nice

We've all been very patient

 

[BEISHA]

Well that would be nice

We've all been very patient

 

[Dazmac66]

Everything on Lithium watchlist just turned red??

 

[Frank]

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[Retrobyte]

Der Geist on the bird has some knowledge on the subject

Isn't he a disgruntled ex-holder?

 

[Xerof]

Isn't he a disgruntled ex-holder?

Yes, he has a gripe against management. If you read his various posts though, there is some substance there.

I have deleted my post, as it is possibly too inflammatory for some. @Birdman7, delete yours if you like, as mine is embedded

I am always alert for matters that are not as they seem, and will maintain that stance, not only for AVZ management, but all the companies I invest in. Believe me, you need a critical eye at this end of the market, and in these juristictions

 

[Sammy_da_Smile]

Yes, he has a gripe against management. If you read his various posts though, there is some substance there.

I have deleted my post, as it is possibly too inflammatory for some. @Birdman7, delete yours if you like, as mine is embedded

I am always alert for matters that are not as they seem, and will maintain that stance, not only for AVZ management, but all the companies I invest in. Believe me, you need a critical eye at this end of the market, and in these juristictions

Mate, I would have left it. This is indeed a discussion forum and there should be both information posted about the light side and dark side of companies.

I too have seen the posts regarding such matters and while there could be issues with what he is saying, he provides no sources and vague information like, "wait and see", and, "you'll know what i mean soon enough". I have searched the net for any information relating to his claims and found nothing. Could be information out there in French which generally doesn't get hit by a search, but I don't know.

All we can do as holders is trust we are adequately informed by the company and at such time, money since been raised will be used to acquire the 15%. How this is going, well we don't know.

Happy for a discussion. Generally these on HC are marked as down ramping and can be taken way out of context.

 

[Samus]

Yes, he has a gripe against management. If you read his various posts though, there is some substance there.

I have deleted my post, as it is possibly too inflammatory for some. @Birdman7, delete yours if you like, as mine is embedded

I am always alert for matters that are not as they seem, and will maintain that stance, not only for AVZ management, but all the companies I invest in. Believe me, you need a critical eye at this end of the market, and in these juristictions

I wouldn't worry about inflammatory, anyone who has full trust and faith in this management after what we've endured over the past few years has some serious rocks in the head imo.
If things go sour you'll never see anyone cut and run so fast in your life... It's the gamble we all take.
They've got the wherewithal to see this through to a positive outcome for all shareholders.

 

[Sammy_da_Smile]

Interesting article and facts.....

La Chine continue sa percée dans le lithium en Afrique | Projet Afrique Chine

L'entreprise AVZ, cotée en bourse en Australie, a obtenu l'autorisation technique des autorités congolaises pour lancer les opérations dans sa mine de

projetafriquechine.com

China continues its breakthrough in lithium in Africa

April 19, 2022

The company AVZ, listed on the Australian stock exchange, has obtained technical authorization from the Congolese authorities to launch operations in its lithium mine in Manono, in the Democratic Republic of Congo.

With reserves amounting to 132 million tons with a lithium content of 1.63%, the Manono mine should produce 4.5 million tons of lithium per year according to the feasibility study carried out by AVZ ; which would make it the largest lithium project in the world.

AVZ, majority-owned by Chinese investors including the giant Zhejiang Huayou Cobalt, had received US$400 million in February 2022 from China's Suzhou CATH Energy Technologies, which now owns 24% in the Manono project.

Already present in Cobalt in the Democratic Republic of Congo, Zhejiang Huayou Cobalt is increasing direct and indirect lithium acquisitions in Africa. The Manono project in the DRC comes after a direct acquisition, in December 2021, of the Arcardia lithium mine in Zimbabwe near the Australian Prospect Lithium for the sum of US$422 million.

 

[ptlas]

EAC business leaders to explore opportunities in DR Congo ​

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Regional business executives are planning a business trip to DR Congo early next month to engage their Congolese counterparts with a view to exploit business and investment opportunities in the vast country.

John Bosco Kalisa, CEO of the East African Business Council (EABC), noted this Saturday, April 16, a week after DR Congo President Félix Tshisekedi, on April 8, signed the Treaty of accession by his country to the East African Community (EAC).

Kalisa told The New Times that his delegation also wants to bring their Congolese counterparts to speed about the opportunities provided by both the EAC Common Market and Custom Union frameworks.

They plan to travel “in the first week of May” and are keen on seeing Congolese business leaders also reciprocate the visit.

“On our side we are very ready and keen to host them,” Kalisa said.

“Already we have established excellent engagements and contact with the Federation des Enterprises du Congo (FEC) . They are very ready to host us,” Kalisa said, explaining that besides DR Congo capital, Kinshasa, his delegation also plans to travel to the eastern Congolese cities of Goma and Bukavu.

On April 12, EAC Secretary General, Peter Mathuki, told a press conference that young people in the region should take advantage of the huge market – about 300 million people – created with the entry of the DR Congo into the now seven-member regional economic bloc. During the virtual press conference, Mathuki indicated that the Secretariat will, in the near future, organize business trips to DR Congo and that Kinshasa is also planning to send business expeditions to regional countries as part of the new anticipated business interactions.

Among others, DR Congo offers its untapped vast arable land as a major investment opportunity.

The DR Congo is expected to bolster the bloc’s economic potential through various ways including opening the corridor from the Indian Ocean to the Atlantic Ocean, as well as North to South, hence expanding the economic potential of the region.

DR Congo is the world’s biggest producer of cobalt, a major component in the manufacture of rechargeable batteries for electric vehicles, and Africa’s main copper producer. It is a major producer of gold, diamonds, uranium, coltan, oil and other precious metals, making it one of the most resource-rich countries in the world.

Eleven percent of the goods the vast country consumes come from the six other partner states in the bloc, Mathuki said, while 35 per cent of what DR Congo consumes comes from China and other places.

Now that DR Congo is part of the EAC, Mathuki said, “We will be transforming or taking advantage of that consumption” so that whatever is produced in the region can find market in DR Congo.

The EABC delegation will comprise at least 10 people from each partner state, Kalisa said.

Their areas of interest will include agribusiness, banking, mining, construction, manufacturing and the telecommunication sectors.

The EABC will also include tourism industry players in the trip. Kalisa said that on Tuesday, April 19, he will sign an agreement in Nairobi, Kenya, to organise tour operators.

Meanwhile, whether it is invited to partake in the Kinshasa trip or not, the Kigali-based East Africa Tourism Platform (EATP) also has plans of its own.

Yves Ngenzi, the EATP Coordinator, said: “On our side, we are working on some collaboration with DRC tourism sector in different areas and also having them join the EATP as full members through their national tourism apex body for the private sector.”

Earlier, Jeannette Rugero, a Rwandan tour guide and driver, told The New Times that she is now encouraged “more than before” to explore opportunities in DR Congo.

She said: “Congo is a very beautiful country with diverse tourist attractions; national parks, culture, landscape and so much more that people want to see.

The insecurity in the east is just in one part but there are many others that are secure and this is where I want to start exploring and benefiting from.

The Congolese will now feel more East African and more welcome, and vice versa,” she said.

Tshisekedi’s accession signature on April 8 immediately brought his country into the realms and provisions of all the protocols and regional policies of the EAC.

After signing the Treaty of accession, Kinshasa now has up to September 29 to undertake internal and constitutional processes to ratify the EAC Treaty and submit to the EAC Secretary General, and subsequently join all programmes and activities of the bloc.

Chances are high that Kinshasa which has shown a strong inclination to fast-track the process could actually wrap up its internal and constitutional processes to ratify the EAC Treaty, and submit, much earlier than September 29.

www.newtimes.co.rw/news/eac-business-leaders-explore-opportunities-dr-congo

Europe's reliance on Russian gas imports has become a problem amid the Ukraine war. Now, it's looking to Africa for alternatives.​

Europe is looking to Africa for its energy needs as countries seek to cut their reliance on Russian imports amid the war in Ukraine.

Italy — the third-largest European Union (EU) economy — has pushed ahead in pursuing deals, with energy supermajor Eni signing an agreement on Wednesday with state-owned Egyptian Natural Gas Holding Company to promote gas exports to Europe.

Earlier in the same week, Italian Prime Minister Mario Draghi visited Algeria, where Eni signed an agreement to buy more natural gas from Algerian state energy firm Sonatrach through 2024, the Italian company said in a press release. That's equivalent to 12% of Italy's gas consumption in 2021, per Bloomberg.

Algeria already supplies gas to Europe via three pipelines, one of which goes to Italy. Two other pipelines are linked to Spain.

Italy's deals came on the back of a meeting among European ambassadors and the Nigerian National Petroleum Company last Monday that sought to "strengthen partnership" in the energy sector, the company tweeted last Monday.

Draghi is slated to travel to central and southern Africa this week with potential deals in the Republic of Congo and Angola, Bloomberg reported, citing people familiar with the matter.

These potential deals, together with the extra natural-gas volumes Italy has already secured from Algeria, would be able to replace over half the supply it gets from Russia as early as 2023, according to Bloomberg.

The EU is a major customer of Russian energy.

Earlier in April, the trade bloc approved a ban on Russian coal.

It's also considering an oil embargo, but has not mentioned cutting off natural gas as Europe remains highly reliant on piped gas from the country.

However, in an interview published Sunday, Draghi told Corriere della Sera that Europe can wean itself off Russian energy imports through diversification in a time frame that was "shorter than what we imagined just a month ago."

"We no longer want to depend on Russian gas, because economic dependence must not become political subjugation," he told the outlet.

"To do this, we need to diversify energy sources and find new suppliers."

www.businessinsider.in


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Don't forget the tin!

 

[CHB]

Bastards already claiming it as theirs

 

[Samus]

Bastards already claiming it as theirs

More antics to keep the price suppressed further?

 

[Sammy_da_Smile]

Will tomorrow be the day for ML?

Antoinette N'SAMBA KALAMBAYI Finances Electric Battery Project today in Haut Katanga- DRC - Copperbelt Katanga Mining

Financing of the electric battery project Antoinette N'SAMBA KALAMBAYI is expected today Wednesday in Haut Katanga.

copperbeltkatangamining.com

ANTOINETTE N’SAMBA KALAMBAYI FINANCES ELECTRIC BATTERY PROJECT TODAY IN HAUT KATANGA- DRC

APRIL 20, 2022
Financing of the electric battery project Antoinette N’SAMBA KALAMBAYI is expected today Wednesday in Haut Katanga.

The Head of State will launch the Center of Excellence specialized in training and research in battery chemistry and technology.

Indeed, the Democratic Republic of Congo (DRC) aims to become a world leader in the production of electric car batteries, this is what emerged from the statement made by Congolese officials at the opening of the “DRC AFRICA BUSINESS FORUM ” forum organized last year in Kinshasa.

The Congolese authorities have, on occasion, highlighted the large deposits of lithium and cobalt that abound in the country in its south-eastern façade, in Katanga.

The DRC has 400 million tonnes of lithium and 25 million tonnes of cobalt on its reserves.

To make this project a reality, the Minister of Mines Antoinette N’samba Kalambayi will carry out an official mission from 20 to 25 April 2022 in Lubumbashi.

During her stay, the head of Mines will take part in the launch of the Center of Excellence specialized in training and research in battery chemistry and technology but also in the formalization of discussions with technical and financial partners for the financing of the electric battery project in the DRC.