I think USD$2B for Chinese companies is not a big number, even Huayou announced AUD$2B (USD$1.4B) investments/acquisitions over last eight months.
Tianqi USD$4.1B for 23.77%.
Evergrande already spent about CNY40B on electric vehicles investments, just announced to invest further CNY160B (USD$23B) in electric vehicles factory and 50GWh lithium battery factory.
Wanxiang is investing CNY68B (USD$9.8B) in 80GWh lithium battery factory started construction in March 2019.
However, we still have to wait these hundreds of billions dollars project to come on line, still takes a bit time.
Back to AVZ, the fund for Road upgrade to Manono has been funded by Chinese. Why? As my research found the fund should be coming from Huagang Mining (Sicomines) as they signed Resources for Infrastructures deal with DRC back in 2008.
China promised to fund USD$3B infrastructure for DRC.
As at July 2018, China spent USD$941M on infrastructure for DRC, STILL have USD$2,059M reminding fund to be spent on DRC infrastructure for FREE.
Huagang/Sicomines are controlled by China state owned groups:
China Railway Group (holds 41.72%, and
China Power Construction Group holds 25.28%,
DRC holds 32%.
AVZ holds 60% of Manono project, DRC 30%.
That's the real reason of why AVZ is able to receive FREE Road upgrade (by China Railway Group) and hydropowder upgrade (by China Power Construction Group), imo.
Dathomir is not really the contributor, but facilitator. Real decision maker would be DRC where they WANT remaining USD$2B infrastructure pack to be spent.
That's advantage of having DRC own 30% of the Manono project.
All imo.
Huagang Mining (Sicomines) actively promotes cooperation between China and Gang
2018-09-11 Source: Xinhuanet
In recent years, Huagang Mining Co., Ltd., which was jointly established by China National Railways Corporation and China Power Construction Corporation and Congolese Mining Company in Congo (Golden), has actively promoted China-Guangdong “resource fiscalization package cooperation agreement” and realized mutual benefit. Win-win and common development have been widely praised by the United Nations Development Programme, the World Bank, the International Monetary Fund, the Congolese national leaders, government officials, the media and many people, and have become successful models of China-Africa friendly cooperation. To add glory to the construction of the China-Africa destiny community.
Implementing infrastructure to promote economic development
Huagang Mining fully leveraged the advantages of Chinese shareholders such as China Railway Group, China Power Construction, China Railway Resources, and Power Construction Haitou, and actively promoted and implemented a package of cooperation agreements to promote the economic development of the Congo (DRC) countries.
As of the end of July 2018, the company has invested a total of 941 million US dollars in infrastructure for the Congo (DRC), completed an investment of 812 million US dollars, signed 40 infrastructure project agreements, construction projects in the capital Kinshasa and Shangkatanga province, Lu Alaba, North Kivu, Kulu, Eastern Kaisai, Tanganyika, Upper Lommi, Ituli, Qiaobo, South Kivu, etc., have completed the Kinshasa tourism 429 kilometers of road projects such as "Zhexuan Avenue", "Six-Zero Avenue" and "Lu Dang-Da Road"; more than 90,000 square meters of buildings and structures such as "Kinshasa Central Hospital" and "People's Palace Square" were built. These infrastructure projects have improved the image of the municipality and promoted local economic development.
Development of mines to promote industrial upgrading
With the advantage of China, Huagang Mining upgrades the local traditional artisanal mining industry, builds garden-style camps, modern factories and environmentally friendly mine production lines in Kolwezi, and strives to create technologically advanced, advanced technology, environmentally friendly, safe facilities and energy self-sufficiency. Multinational mining brands.
In October 2015, with the support of Chinese capital, technology and talents, the company realized the first phase of the mining project in just two and a half years, and achieved the production standard in less than half a year. At present, the second phase of the company's mining project has been launched and is scheduled to be completed by the end of 2020. By then, the annual output of cathode copper will reach 250,000 tons.
In order to ensure the self-sufficiency of mining production and ease the tension between local power supply and demand, the company set up a holding company to build the Busangga hydropower project. At present, various projects are rapidly advancing. After completion, it will not only help the company to build production, but also improve the residents of Lulaba. Electricity usage.
The construction and production of Huagang Mining not only promoted the development of local mining industry, but also promoted the optimization of capital, technology, talents, materials, energy and other factors, and promoted the upgrading of local mining, commerce, logistics, transportation and other industries.
Expand employment and improve local people's livelihood
When Huagang Mining was put into production, it coincided with the downturn of the global mining industry. Under the circumstances that many mining enterprises in the surrounding area stopped production and layoffs, the company continued to expand employment. As of July 2018, the total number of employees including the cooperative units reached more than 3,700. In addition, with the employment of infrastructure projects, the Zhonggang package has already solved the employment of more than 5,000 people.
The company has carried out more than 25,000 trainings for all kinds of employees, and cultivated 962 professional skills for the local people. Not only did these employees have the basic skills to settle down, but also created a group of skilled and skilled industrial workers. .
The company has formulated and implemented the talent training plan for the staff of Gangfang, and has improved the employee benefits for the whole year by year. A star-rated employee is selected once a month, and a grand recognition is given once a year. In 2018, 4 Gangfang employees were also selected to attend the study and training in Beijing.
The company has paid social insurance for all employees, providing family allowances, housing subsidies, family free medical care, transportation subsidies, commuter shuttles, working meals, family members' funeral and condolences, children's education subsidies, and holiday condolences.
The company established the Gangfang trade union organization, set up the “comment box” and “reception day” to accept the opinions and suggestions of the employees of Gangfang; organize various forms of entertainment activities for the employees of Gangfang, and the main leaders insisted on excellent employees and families on the eve of Christmas every year. The difficult employees visited the condolences at home and delivered warmth and blessings in the Chinese way.
People-oriented, strengthen safety and environmental protection
Huagang Mining adheres to the people-oriented development concept in Africa and strives to build safe mines and green mines.
The company carries out various safety education and training to improve employees' safety awareness and preventive ability; strengthen labor protection, freely deploy full-scale labor insurance products; adhere to regular safety inspections, set up mass security officers in the team, and timely discover and correct violations; use slope radar High-tech measures such as infrared alarms, real-time monitoring of key parts and prevention of various safety accidents.
The company pays attention to environmental protection. From the beginning of the project, the pollution prevention measures are simultaneously designed, constructed and put into production at the same time as the main construction of the mine. More than 60 million US dollars were included in the design budget for environmental protection; clean production processes were adopted in the technical plan, relevant measures were formulated and implemented in the mine construction and production process, large tailings ponds were constructed, and wastes were concentrated and environmentally friendly. The treatment has maintained a good ecological environment.
Carry out public welfare for the benefit of community residents
Huagang Mining actively fulfills its social responsibilities, conducts public welfare activities, and shares corporate development results with community residents.
The company formulated a five-year action plan for fulfilling social responsibilities and implemented community construction plans year by year. As of July 2018, it has invested a total of 4.6 million US dollars to carry out public welfare activities. It has built overhead power lines and renovated municipal roads in Kolwezi. The water supply system was repaired and a 500 kV box-type substation was donated and installed.
The company has repeatedly donated school supplies, sporting goods and medical supplies to Kablon Valley National Elementary School, Santa Maria Elementary School and Dusaidiya Anna Middle School.
