AVZ avz minerals limited

I think the production of PLS and/or Hydroxide on site is what's...

  1. 24,192 Posts.
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    I think the production of PLS and/or Hydroxide on site is what's got the DRC Govt excited and the ML Application /SEZ placed in the "get done ASAP" DRC Govt in-tray.

    Why? It will come with massive increase development / industrialization in the Manono region and surrounds with plenty of new unskilled/skilled/high skilled jobs to be filled for multiple generations. The potential to add value to the end product and sell at a higher price will ultimately lift the region and surrounds out of poverty.

    Also sales of hydroxide will produce a massive income increase for AVZ, but also a massive increase in govt royalties. Every resource rich nation wants to do the upstream processing at home ( Eg, Indonesia forcing Nickel miners to do upstream processing in Indo else lose ownership) as this benefits the local economies greatly .
    Last edited by Freehold: 26/05/21
 
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