Chinese group ZIJIN was already present in the Democratic Republic of Congo for many years well before the Australians of AVZ MINERALS, owning numerous cobalt and copper mines. But the testimonies of Congolese workers in ZIJIN companies, the impact of ZIJIN investments on Congolese society, are only very negative.
As a reminder, the ZIJIN group has notably owned two lithium permits with the same COMINIERE for several years, in the KATAMBA MINING joint venture, of which ZIJIN owns 70% and 30% for COMINIERE, but strangely has never even invested a cent for feasibility studies or other work on the sites of the two lithium permits.
AVZ Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held