Title: The uncertain future of the Manono Lithium project: the challenges of AVZ Minerals in DR Congo
Introduction :
In a press release published on October 9, 2023, AVZ Minerals announced that negotiations with the government of DR Congo regarding the Manono Lithium project were progressing favorably. However, this statement turned out to be inaccurate and led to frustration from the Congolese government towards AVZ CEO Nigel Fergusson and the company’s current management. After six years of litigation and lack of cooperation, it is time for AVZ Minerals to review its strategy and seek an amicable solution.
A tumultuous partnership:
Since the appointment of Nigel Fergusson as head of AVZ Minerals, disputes and tensions with the partners of the DATHCOM joint venture have increased. This aggressive and confrontational attitude not only created friction with the Congolese government, but also resulted in the loss of the mining title allowing the start of exploitation of the Manono project.
A call for change:
Faced with this impasse, it is crucial for AVZ Minerals to change course. The three directors appointed by the Make Manono Great Again (MMGA) movement – Michael Carrick, Peter Huljich and Ty Luddbrook – traveled to Kinshasa for high-level meetings with ministers and members of the Congolese government. These discussions demonstrate the support of the Congolese government in seeking an agreement beneficial to all parties involved and especially to the Congolese people.
Towards an amicable resolution:
It is time for AVZ Minerals to take a more collaborative approach and resolve disputes amicably. Ongoing litigation, including the sentencing of Nigel Fergusson to three years in prison and the damages to be paid to DATHOMIR, must be withdrawn from the courts to allow real progress on the Manono Lithium project.
Conclusion :
The future of the Manono Lithium project now rests on AVZ Minerals’ ability to change direction and work collaboratively with the DATHCOM joint venture partners and the Congolese government. It is essential to reach an agreement that serves the interests of all parties and allows the development of the project for the good of all, including the Congolese people. Optimism is reborn with the hope of a new management team at AVZ Minerals who will be able to listen and resolve outstanding issues so that the Manono Lithium project can finally see the light of day.