cruiser51
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Don't lower yourself to their level mate, doesn't look good.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Just some background on Lobito.
This is essentially a western initiative and is / will be controlled by the west in order to facilitate mineral exports to the US & EU.
NB Parts are already operating and shipments of copper were made from Lobito in August 2024
There are loads more artiles, so DYOR:
Lobito Corridor History & Background
The Lobito Corridor is connected by a stretch of railway infrastructure snaking through mineral- and oil-rich parts of Angola, the DRC, and Zambia. It connects Southern and Central Africa, and provides access to Eastern Africa and a pathway to the Atlantic Ocean. The rail route was established...www.lobitocorridor.org
Lobito Corridor – A Reality Check
The key interest of the Lobito Corridor is to use it as a means of transporting minerals and materials from the DRC and Zambia all the way over to the EU and the US.afripoli.org
Connecting the Democratic Republic of the Congo, Zambia, and Angola to Global Markets through the Lobito Corridor
The Lobito Corridor connects the Southern regions of the Democratic Republic of the Congo (DRC), northwestern Zambia and Angola to regional and global trade markets via the port of Lobito.international-partnerships.ec.europa.eu
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- Connecting the Democratic Republic of the Congo, Zambia, and Angola to Global Markets through the Lobito Corridor
Connecting the Democratic Republic of the Congo, Zambia, and Angola to Global Markets through the Lobito Corridor
The Lobito Corridor connects the Southern regions of the Democratic Republic of the Congo (DRC), northwestern Zambia and Angola to regional and global trade markets via the port of Lobito.
The Lobito Corridor is the first strategic economic corridor launched under the flagship G7 Partnership for Global Infrastructure and Investment (PGII), in May 2023. In the margins of the G20 Summit in New Delhi in September 2023, the EU and the US released a Joint Statement, teaming up to support the development of the Corridor.
The Lobito Corridor will unlock the enormous potential of the region, enhance export possibilities for Angola, the Democratic Republic of the Congo (DRC) and Zambia, and create added value and jobs through investments and soft measures.
Background
Announced through a EU-US Joint Statement in the margins of the Partnership for Global Infrastructure and Investment (PGII) event at the G20 in India in September 2023, the Lobito Corridor is a key priority under the G7’s PGII.
The EU and the US are co-leading the support for the Corridor's development, including infrastructure investments, soft measures for trade and transit facilitation, investments in related sectors to foster sustainable and inclusive growth and capital investments (agriculture value chains, energy, transport/logistics, technical and vocational education and training) along the Corridor in Angola, DRC and Zambia.
During the Global Gateway Forum in October 2023, the EU and the US signed - together with Angola, DRC, Zambia, the African Development Bank (AfDB) and the Africa Finance Corporation (AFC) - a Memorandum of Understanding (MoU) to define the roles and objectives for the Corridor’s expansion.
Scope and objectives
In January 2023, the Ministers responsible for Transport and Corridor Development from Angola, DRC and Zambia, with support and coordination of the Secretariat of the Southern African Development Community (SADC), signed the Lobito Corridor Transit Transport Facilitation Agency (LCTTFA) Agreement. The LCTTFA Agreement aims to provide an effective and efficient route that facilitates the transportation of goods within territories between the three Corridor Member States, through:
The goal is to support greater participation of SMEs in business value chains, mainly in agriculture and mining, with the view of increasing trade and economic growth along the Lobito Corridor and across the SADC Region.
- harmonisation of policies, laws and regulations;
- coordinated joint corridor infrastructure development strategies and activities;
- dissemination of traffic data and business information; and
- implementation of trade facilitation instruments.
Results
Once transport infrastructure connecting all three countries is fully operational, the line will enhance export possibilities for Zambia, DRC and Angola, boost the regional circulation of goods and promote the mobility of citizens. By significantly reducing the average transport time, the Corridor will lower the logistics costs and carbon footprint for exporting metals, agricultural goods, and other products as well as for future development of any mineral discoveries.
Key information
Implementing organisations: Team Europe +, AfDB, AFC and US
Partners: The European Commission, the Government of the United States of America, the Government of the Republic of Zambia, the Government of the Republic of Angola, the Government of the Democratic Republic of Congo, the African Development Bank (AfDB), the Africa Finance Corporation (AFC).
Funding instrument: NDICI
Related document
I keep shaking my head also .
If only a few are corrupt in the DRC then certainly taking their time to deliver the mining licence to AVZ .
Sell the project to a buyer of the DRC choosing or one that EU and USA put enough pressure on the DRC to act on.
Port of Lobito and Tanzania can with USA and EU applying enough pressure to restrict lithium being exported by Chinese .
These ports are not controlled by Chinese ?
Especially if AVZ wins all the court cases.
Cobold Metals also work in partnership with BHP and RIO so not lacking in potential funds to make it worthwhile for all involved.?
There is NO asset to sell until AVZ wins.Locke win big if we fail to pay back by Dec 2026. They’ll just sell the asset to the highest bidder. Locke win no matter what happens. But glad to have the funds and I’m sure a result is imminent given we’ve been waiting for close to three years.
If we win, then pay back will not be a problem.
Cheers for the response. Seems I was overthinking in my head. Been a long few years and life is passing by with a large portion of my wealth locked up in this bs. Seeing friends partner up, buy housing, have children and you’re dreams are stuck on hold is depressing. Let’s hope something settles in two years.
Sorry to disagree. Locke has AVZ and all subsidiaries and assets as security. If AVZ can not pay back, Locke could for example sell the stake in Dathcom. Zijin would be the majority shareholder of Dathcom. And everyone has seen how quickly Zijin is getting approvals and permits. By whatever means they apply, they get the paperwork. And with AVZ out who should question it or bring it to court/ arbitration. But maybe I misread it. I am not a native English speaker
Cumquat Cap
Regular
Mandarin native I bet
Azzler
Top 20
Your line of thinking is completely wrong. And I suspect you're just a troll.
All lenders need security.
If we can't get our asset back to sell, then the asset is of no value to Locke.
If we get our asset back to sell, then we have the money to pay back Locke.
If we then decided to be jerks and not pay Locke back, then they have legal recourse to secure what has been put down as security.
So fuck off troll.
That’s where my head has been and the biggest concern of mine. They just sell assets to the Chinese as a fire sale. After all they’ve only put up a small sum and they’d make that back easy with a sell off. They aren’t in the business of mining.
But that is an issue for a future date. We live another two years and I hope the BOD are working behind the scenes to secure additional funding from somewhere else. Unsure how though if all of the assets are already given up to Locke.
I thought someone reported that at the AGM and surrounding conversations, Nige said we were going to pay the DRC's ICSID fees to keep things moving.
This is incorrect . The likely outcome if no settlement is the DRC through Chinese money will pay Locke to have all legal proceedings dropped, then legitimately take control of all Manono both north and south . Did Nigel explain to share holders what happens if legal proceedings are still ongoing come December 2026 or if AVZ win and compensation takes years ? Surely this is an incentive for continued delays . Nigel should have negotiated a longer contract . December 2028 .
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Correct.
Well, that's certainly my understanding of what Nigel said at the AGM - i.e. AVZ now has the funds and will pay 'both sides' of the security fee ASAP. Not sure how long that will take or what that means in terms of delays incurred by 'slipping down the queue' at ICSID (if there is such a concept), but it is what it is.
I do wonder what other delay tricks Fasken and DRC have left up their sleeve but presumably we'll see them all used over time.
Hopefully DLA Piper identified such potential events via risk assessment and have factored them into the budget and timelines agreed with AVZ and Locke.
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Yes, and I am simply pointing out the actual costs involved, and that paying them a small price to pay in order to side-step the DRC's shitfuckery.
Cheers
F
I think the figure I heard from the info session was around $450 K ( each ).....I stand to be corrected
TheCount
Regular
Edit: "fuck off Shane".
We won't get to that stage .....The DRC needs the lithium out of the ground. When they see that they can't win then the negotiations start . The DRC has let Zigin go ahead so that the DRC is then getting royalties and taxes on two fronts and not only on one front (AVZ)....we get compensation for the north and everyone prospers ( my take on the future from all the snippets of info )
Wow, I will recheck my information sources, which are Perplexity.AI and Google Gemini.
In retrospect, the figures that both sources quote seem low in the scheme of things. I wonder if there are not other fees, which have not been taken into account. I will recheck.
Thank you for pointing out the clear under-quoting in my original post. It seems that neither search took into account a whole range of costs in addition to periodic costs. My bad.
Here is a list of the main fees and charges applicable to an ICSID arbitration:
My sincere apologies, and I will delete the original erroneous post.
Here is a list of the main fees and charges applicable to an ICSID arbitration:
- Registration fee: US$25,000 (non-refundable) payable upon filing a request for arbitration
- Administrative charge: US$52,000 per year, typically divided equally between parties
- Tribunal costs: On average US$882,668.19, with a median of US$875,907.97
- Arbitrator fees: US$500 per hour for work performed in connection with the proceeding
- Secretary attendance fee: US$200 per hour when the Tribunal Secretary attends meetings
- Remote hearing hosting: US$2,500 per day
- In-person hearing facilities: US$4,000 per day for use of a hearing room and breakout/deliberation rooms at ICSID's Washington, D.C. center
- Travel expenses: Reimbursement for travel and subsistence expenses of the Secretary for meetings held away from ICSID's seat
- Arbitrator travel fees: Hourly fee for travel time to attend hearings, sessions, and meetings, plus per diem allowances and travel expense reimbursements
- Party costs: On average, US$5,619,261.74 for claimants and US$4,954,461.27 for respondents (including legal fees and other expenses)
My sincere apologies, and I will delete the original erroneous post.
cruiser51
Top 20
How many aliases is Shane using this time?
He must realise by now nobody gives a fuk about what he dribbles on X under his magnitude names.
There seems to be an increase of irregular emerged regulars, every time something positive is around the corner trying to give their negative opinions, which are pretty funny if you attended the AGM. it really means they know SFA.
So in other words, it is highly likely a good sign to see the fukwits pop up.
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