AVZ avz minerals limited

Running discussion on SP, page-84767

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    The letter offers US companies operational control and “exclusive extraction and export rights.” It also proposes involvement in a planned deep-water port on Congo’s Atlantic coast and the establishment of a joint strategic mineral stockpile.

    So what happens to the companies, including AVZ, who have done all the hard work to get mines up and running?

    Will we have a repeat of the FFX debacle:-

    Sale of Firefinch’s indirect 80% interest in Morila SA

    We are very pleased to advise the completion of the sale of Morila SA to the Republic of Mali (State).
    As per the agreement with the State, details of which were announced on 8 May 2024, Firefinch Limited
    (Firefinch) has now transferred all of the shares it (indirectly) holds in Morila SA to the State for US$1, including
    the assignment of the debts which Morila SA owes directly and indirectly to Firefinch.

 
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