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stevo 111

5,002 Posts.

3113

19/09/21

21:21

Post #: 56190482
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Originally posted by Sangster ↑

To share a part of the picture as I see it.

When the mining permit is granted the very last step is a formal decree at the council of ministers. They meet each Friday (Saturday for us) and the minutes of each meeting are made publicly available here:

https://www.primature.cd/public/document-category/comptes-rendus/

Translate PDFs here:
https://translate.google.com/?sl=auto&tl=en&op=docs

Within the minutes we will probably never see a direct mention of the Manono Lithium and Tin Project, because the formal acceptance of various ministerial decisions is summarised in section III with a generic statement which translated is something like:

“The Council of Ministers adopted the list of decisionstaken during its X meeting held Friday XXXXX.”

However in the 19th meeting held 10/09/2021, under section I.3 - Evaluation of the “Sino-Congolese” contract, President Tshisekedi asks several ministers to present during the 21st meeting (next Saturday for us) on the current status of projects included in the Sino-Congolese contract, and for the Minister of Mines to do the same in its sector.

Then in the 20th meeting held 17/09/2021, the opening communication by the President is all about the global energy transition away from fossil fuels towards electricity and the DRC’s ability to be a major player due to its reserves of Cobalt, Lithium and Niobium. The President then invites several ministers (including the Minister of Mines) to instruct the departments under their supervision to reflect on this and to work towards enabling the DRC to be one of the strategic actors in this industrial revolution.

So to put it another way:
· 10/09/2021: The Minister of Mines was asked to prepare an account on the status of major mining projects under development, and to present this in two weeks at the Meeting of the Council of Ministers.
· 17/09/2021:The President reminded everyone about the global electrification transition and DRC’s opportunity to be a globally strategic actor in this new industrial revolution, thanks to its Lithium, Cobalt, and Niobium.
· 24/09/2021: The Minister of Mines is expected to present to the Council of Ministers an account on the status of major mining projects under development.
· 28/09/2021: The DRC Business Forum begins (date to be confirmed) with the DRC Agency for Special Economic Zones and AVZ Minerals scheduled to present on the tax benefits of investing in a special economic zone within DRC. Attendees to include Johnson Matthey, BMW, Tesla among many others. The following days will provide an opportunity for all attendees to network and explore business opportunities.

I imagine the Minister of Mines may feel that having been called upon by the President to present next week to the Council of Ministers it would be nice to show some progress for major mining projects, especially those related to Lithium, Cobalt, and Niobium.

And in regards to Lithium, there is only Manono.

***********
It should be noted that I have no inside knowledge and my investment strategy is nicely illustrated here. My avatar is a reminder of this. Please hit the ignore button for your future's sake, or just provide your counter viewpoint as I like reading all honest comments. Good luck to us all.

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Thanks mate.
I really appreciate the time and effort required in that post. Some may not understand the time required to run though all the translations

Great interpretation my friend and best wishes to all you mad cats.
GLTA

AVZ Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
33 Upvote

0 Great analysis

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