KoBold Makes Offer for Congo Lithium as Country Courts US, page-54

KoBold stated that for its plan to progress, AVZ would need to receive “appropriate compensation” and relinquish all its interests in the DRC. Under the proposed resolution, Zijin would retain the northern section of the deposit, while KoBold would develop the southern portion.

Additionally, KoBold requested that the Congolese government, rather than state-owned Cominiere—AVZ’s former partner—hold the minority stake in any joint venture.

The letter was addressed to Anthony Nkinzo, President Tshisekedi’s chief of staff, and copied to AVZ CEO Nigel Ferguson and an external company lawyer.

KoBold confirmed it sent the letter but declined to comment further. AVZ also declined to comment, while Nkinzo did not respond to inquiries.
Meanwhile, a Zijin spokesperson stated that the company’s priority is to develop its concession and begin production.