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$3 Billion under reported by KKC!
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20% is owned by the DRC state, 39.6% is owned by Ivanhoe Mines, 39.6% by Zijin Mining Group and .8% by Crystal River Global Ltd.
I just got called and told the DRC signing with Trump is on at the moment on Sky News extra.
fuck me....Whoever is looking from time to time to our respectful (temporarily) neighbor at the CdL-site will notice a silent update.
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Manono Northeast Lithium Project
Souvlaki? The fat fuck has got to be sick of Chinese by now.Can anyone think why Felix would be going to Cyprus?
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With Trump positively looming large over African minerals supply, Kobold has partnered with a Vancouver miner in a copper play in Zambia. May be worth a look at a promising early stage prospect:I'll be looking for the next great African opportunity![]()
Massive Rolex sale......Can anyone think why Felix would be going to Cyprus?
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Have just been having a look at the ICSID website and it seems that both parties ie Claimant and Respondent have to agree to recommence the hearing. My thoughts were that Fasken and co would try to delay this as long as possible. If the parties dont agree then the tribunal makes the decision
In the AVZ announcement it says that the proceedings will now resume. Do we know for sure the proceedings have recommenced and if so when would the new trial date be ( originally 2-5 June) Also anyone know what the injunction pursuant to procedural order No. 3 ?
The ICSID Proceedings will now resume, and the Company is taking steps to hold the DRC to account for its failure to comply with the injunctions ordered pursuant to Procedural Order n°3, including with the filing of a new application with the ICSID Tribunal.
Hey Dave thanks very much for reposting that info. I did open and flick through the ICC Partial Award document last week when you were replying to Muks but i pretty much just looked at the damages amounts on page 25.I went over my reply to @muks last week and added a few things in this post that hopefully provides something to stay focused on
ICC Decision Against Cominière to Liquidate an Accrued Penalty of €39M in ENG & FRE
https://static1.squarespace.com/sta...de+Courtoisie+de+la+Sentence+Partielle_en.pdf
Page 25 shows the damages of US$9.417billion resulting from Cominiere violating AVZ’s FROR, then illegally terminating the Dathcom joint venture (due to parties not getting along) and the DRC (Ministry of Mines & CAMI) revoking AVZ’s Mining Decree (PR/PE) and granting a PR/PE to Manono Lithium with the implausible and illegal reason being it took too long for Dathcom to advance the project.
The ‘Damages’ of over US$9.417billion are what is being claimed in the ICSID by AVZ through DLA Piper
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To date, the DRC has violated the orders handed down by the ICSID and AVZ has won all cases before the ICC Court of Arbitration and this recent decision (shown above), by the ICC ordered Cominiere to pay AVZ penalties of €39million (equal to US$46million or AU$70million).
Highly likely going to get some cash out of the bank.Can anyone think why Felix would be going to Cyprus?
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ICSID has no power, or authority - but will provide AVZ holders leverage?August old boy putting the boot in over on X
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