AVM advance metals limited

us interests

  1. 502 Posts.
    No doubt IMO, the Mining Review was organised in part to enable the Chinese & other interests to walk away with some of the prized concessions of the DRC. The $5bn Chinese loan will be the gift that keeps on giving for the Chinese.

    The US is there in the background, though, they won't be taking the Chinese walkover lying down IMO. They will be standing up for large US interests, like Phelps Dodge.
    How much pressure will they apply overall, though?

    http://news.bbc.co.uk/2/hi/africa/7063437.stm


    Kabila seeks US help for DRC army
    By Mark Doyle
    BBC world affairs correspondent



    DR Congo's army is trying to contain a rebellion in the east
    A possible role for US military trainers in the Democratic Republic of Congo is expected to discussed at a meeting in the White House on Friday.
    The military situation in DR Congo will be a key topic of discussion at talks between US President George W Bush and Congolese President Joseph Kabila.

    US officials said Mr Kabila is due in the US with a large delegation.

    The Congolese president is also expected to visit the headquarters of a big US mining company in Arizona.

    The US sees DR Congo as an important ally in Africa.

    A senior US diplomat, William Swing, has headed the big United Nations peacekeeping force there for several years, and the US has made large financial contributions to the UN force.

    Security

    US officials said that at their White House meeting Presidents Bush and Kabila would discuss "security sector reform" in DR Congo.


    Mr Kabila will meet mining firms with interests in DR Congo

    This could mean, primarily, the progress of the war in the east of the country and the role the US might play there.

    Forces loyal to President Kabila have recently deployed around the positions of the breakaway general Laurent Nkunda who has so far refused to integrate his most effective soldiers into a coalition national army.

    President Kabila has told loyal troops they have "a green light" to prepare for the disarming of General Nkunda's men, although the main attack has yet to be launched.

    The senior US official on African Affairs, Jendayi Frazer, told the Senate Foreign Relations Committee this week that the US was considering direct military training for parts of the Congolese army to improve its capacity to deal with what she called "negative forces".

    Mines

    On his trip to the US, President Kabila will also be talking to US business leaders attracted by DR Congo's rich mineral resources.

    US officials said he would be travelling to the state of Arizona to talk to a copper mining company, Phelps Dodge.

    The company has what it describes as one of the largest, highest-grade undeveloped copper and cobalt concessions in the world in DR Congo's southern province of Katanga.


    cheers
    Marny
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
4.7¢
Change
0.001(2.17%)
Mkt cap ! $12.45M
Open High Low Value Volume
4.5¢ 4.8¢ 4.5¢ $82.24K 1.732M

Buyers (Bids)

No. Vol. Price($)
1 1433 4.7¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 49949 1
View Market Depth
Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
AVM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.