AVZ 0.00% 78.0¢ avz minerals limited

Running discussion on SP, page-49830

  1. 5,890 Posts.
    lightbulb Created with Sketch. 1869
    The Mining Cadastre has 20 working days to examine the request and to make a decision (Article 40). Following this, the Directorate of Mines must conduct a technical investigation. The office in charge of the protection of the environment examines the environmental impact study and the environment management plan. These reviews must be conducted within a period of time set forth in the Mining Code for each type of request (typically, for exploitation permits, within 30 working days for the Mining Cadastre, 60 working days for the Mining Directorate and 180 working days for the environmental investigation). Should any of the aforementioned authorities fail to reach a decision within the required time frame imposed by the Mining Code, the mining permit will be considered granted.

    When a favourable decision is made, the Mining Cadastre will then grant the mining permit to the applicant, provided that the relevant surface rights have been paid for within 30 business days.
    All mining rights are conveyable under the Mining Code. A specific right of amodiation (comparable to a long lease agreement) also entitles the holder of an exploitation permit to transfer all or part of such rights under a rental scheme. Exploitation permits can also be mortgaged. Finally, while mining rights are valid only for specified mineral substances, permits can be extended to additional minerals through specific procedures.

    Technical investigation completed .
    So Dathcom can transfer if it chooses ... China / Zijin part of the 25% possibly 15% and retain required 10% and FIRB can do diddly squat nothing..
    AVZ Minerals 75%
    Aproaching 3 months since ML application received by the DRC Gov.
    Getting close
    https://thelawreviews.co.uk/title/the-mining-law-review/democratic-republic-of-the-congo-mining-law

    ALL IMO
 
watchlist Created with Sketch. Add AVZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.