AVZ Discussion 2022

[Bin59]

Never a dull moment in the DRC, a Chinese contract cancelled by Felix.

“As with the 100-day program, Tshilejelu is in particular a presidential project that is managed directly by the presidency through the Councillors of the Head of State.

The first consequence of this bitter finding by Head of State Félix Tshisekedi, the termination of the contract signed with the Chinese Company, CREC-7 on the Tshilejelu project.

The official reason would be the technical incapacity of the Chinese company requested for the deployment of the equipment and materials of the Tshilejelu project.”

 

[DiscoDanNZ]

Back to the serious discussion here I'm not going to quote all the replies but in response to @obe wan , @Onthefm and @Carlos Danger RE: the northern section split my thought that's come from your posts over the last 24 hours is this...

IF there was some type of deal struck between us and Cominiere (whether through deception from them or not) that for us to gain the ML we need to split the tenement into Southern section for PE and Northern as a PR due to where we have/haven't done enough work to qualify it for a mineable resource and we then reapply for the PR on the northern section. Wouldn't this mean that, tying back in with the contract type paperwork part of this:

The ML has been granted and the tenement 'split' on the above basis otherwise there would be no seperate Northern section for AJN/King Kunt Klaus (no I'm not going to shorten that nickname btw) to apply for? Surely the awarding of the ML would be the equivalent of the deal being signed sealed and delivered thus creating the seperate tenement?

Let's say it's a block of land you were sub dividing, you apply to split it in two but before the council has even approved to the sub division another developer comes in and starts applying for DA on a section that technically doesn't even exist yet...

I'm not even going to go into the corruption side of it but another point to make would be how did AJN/King Kunt even know that there was going to be a tenement coming up for grabs that doesn't exist yet surely there is some type of confidentiality component to ML application's until they are approved/declined that has been breached.

 

[Xerof]

FUCK, the hotcrapper guys reckon this MMCS case to ICC is a good thing. Jesus wept

Remember 13559 replaced the very same tenement MMCS had ripped off them, for allegedly not making enough progress. Remember COMINIERE don't like us. Also remember Klausterfuck got us the tenement in the first place

I understand they probably have very little chance of success, but

FMD, someone tell me what happens if MMCS win the tenement back please?

sorry to spoil your day

Kunt
I mean Arsehole

I sound like Cleaver Greene off RAKE (one of the best TV series to come out of Australia btw)

 

[Carlos Danger]

"If AJN somehow attained the north then Nigel would have to resign from AVZ because of the shares he holds in AJN. That is the entire reason for the suspension "

Or Nigel could sell his interest in AJN . So if AJN somehow take Nth CDL it's bye-bye Nigel ? We would have been far better off if CDL never existed .

If our managing director personally financially benefits from AVZ shareholders losing part of our prized asset then his position is completely untenable imo

100% agree Nigel should sell his shares in AJN. He should have done so immediately when he discovered that AJN were trying to get CDL and he put us into suspension. Why Nigel would still want to be in business with an absolute deadshit cunt like Klaus after all the crap he has done to us is to me a bigger red flag than you will find in all of China.

From later on in my post on December 20th:

 

[Bin59]

 

[John25]

Appreciate the effort here by many on TSE to provide information and conjecture over this very frustrating time.

Signing off till the 1st of Feb, holidays afoot, eating, drinking, fishing, golf and maybe a root or two, so no point wasting X hours per day worrying about AVZ here or elsewhere IMO until something positive is announced by the company.

All the in's and out's have been discussed here over and over, at this stage there is nothing new to learn unless some news breaks out of the DRC concerning the corrupt players.

Fingers crossed Ml/PE comes through this month

See you on the flip side all

Cheers The Fox

Fox ….are Foxes similar too Wombats

 

[JAG]

IMO, Nigel has known about the Northern section for quite a while now, even well before the Perth RS and failed to disclose to SH.

Reflecting on my notes form the Perth RS, Nigel made it very clear that he was prepared to give up the Northern section and also stated "it doesn't matter due to the high mica content."

This northern section and his holding of shares in the competition has "dodgy as fuck" all over it.

Sorry, but Nigel is a SNAKE until he proves otherwise.

IMO

 

[John25]

Plus also celebrating 36 weeks in Suspension

 

[John25]

IMO, Nigel has known about the Northern section for quite a while now, even well before the Perth RS and failed to disclose to SH.

Reflecting on my notes form the Perth RS, Nigel made it very clear that he was prepared to give up the Northern section and also stated "it doesn't matter due to the high mica content."

This northern section and his holding of AJN shares has "dodgy as fuck" all over it.

Sorry, but Nigel is a SNAKE until he proves otherwise.

IMO

“Not a conflict of interest “we were told …nothing too see here SHs …doesnt matter which way we turn …we’re being bent over ..Getting sick of being bent over …i want to bend someone over for a change

 

[investinvest]

FUCK, the hotcrapper guys reckon this MMCS case to ICC is a good thing. Jesus wept

Remember 13559 replaced the very same tenement MMCS had ripped off them, for allegedly not making enough progress. Remember COMINIERE don't like us. Also remember Klausterfuck got us the tenement in the first place

I understand they probably have very little chance of success, but

FMD, someone tell me what happens if MMCS win the tenement back please?

sorry to spoil your day

Kunt
I mean Arsehole

I sound like Cleaver Greene off RAKE (one of the best TV series to come out of Australia btw)

The MMCS vs Cominiere is nothing new. Already ongoing since 2019. Status still pending meaning the alleged upcoming meeting is just another session in the ongoing process, not a new claim since the public notice by Amsterdam Lawyers was posted.

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DYOR IMO

 

[Frank]

Never a dull moment in the DRC, a Chinese contract cancelled by Felix.

“As with the 100-day program, Tshilejelu is in particular a presidential project that is managed directly by the presidency through the Councillors of the Head of State.

The first consequence of this bitter finding by Head of State Félix Tshisekedi, the termination of the contract signed with the Chinese Company, CREC-7 on the Tshilejelu project.

The official reason would be the technical incapacity of the Chinese company requested for the deployment of the equipment and materials of the Tshilejelu project.”

*To add, fwiw,

Fiasco in the execution of the works of the Tshilejelu project: the presidency terminates the contract signed with Crec-7

Disappointed by the bitter observation made on the ground, the Presidency of the Republic terminated the contract for the execution of the works signed with the Chinese company Crec-7 following the slowness observed on the ground.

Information made public this Thursday, January 12, 2023.

According to concordant sources, the slowness observed in the execution of the work and the suspicion of embezzlement of public funds weighing on the file would be the straw that broke the camel's back at the level of the Presidency of the Republic.

It will be recalled that last March, the General Inspectorate of Finance predicted the fiasco of this project, which it described as a "planned scam".

In its report, it noted that after eight months of work: - 2 km of road were paved in Kinshasa;
– zero km in Mbuji-Mayi;
– only 6 km in all of Kasai Oriental out of the 25 km planned;
– in the cities of Tshikapa, Kabinda, Lusambo and Mwene-Ditu the work has not even started.

The price per km of road went from US$350,000/500,000 to be billed to the Congolese State to US$982,073.

– US$13,000,000 is said to have already been released by the bank between February and June 2021, but only US$4,061,583 has been used, US$8,938,417 has disappeared in obscure commissions (more than two thirds of the amount disbursed) .

As a reminder, Félix Tshisekedi had made an inspection visit in December in Grand Kasaï to inquire about the progress of the work.

Against all expectation, the finding was disappointing and it was in perfect contrast to the sums already released.

"I came to see with my own eyes whether they worked or not.

If they have not worked, they owe me relevant explanations, otherwise they will go to prison, "announced Félix Tshisekedi after going personally to Greater Kasai to inspect the progress of the work.

mediacongo


*Maybe he should visit Manono

 

[whales]

yes of course ; but DG apparently informed AVZ that this splitting of Manono into North and South was decided by FT ; so really there wasn't too much AVZ could do but agree, hence they released to the market , Turns out DG was telling porkies , pretty sure Frank posted some dodgy DRC sourced document on the bird a while back, proving it was false.
So I assume they had it signed , but later found out that FT hadn’t given that direction at all ; hence why they pulled the handbrake and sent it into suspension and a phone call to the lawyers

View attachment 26892


The mining decree excludes a North ; AVZ can look to renew a 5 year permit ; but now DG is taking in applications from AJN and legal issues snowball ; AVZ needed to get stuck in at it and get that split and essentially a revoking to the north sorted out ; hence 8 months later

All mad...isn't it.....anyway that's my episode, something like that

What would you call under law a Director General of Cami using the President's Name falesly.
Is this exactly what IGF is set up to do.
Like said " Where is the proof " and if so Momentum should be exposing Mupande and bring him to court with the IGF.
Or there is no proof in writing or tape of conversation between request of splitting Northern section .

 

[Misfits]

FUCK, the hotcrapper guys reckon this MMCS case to ICC is a good thing. Jesus wept

Remember 13559 replaced the very same tenement MMCS had ripped off them, for allegedly not making enough progress. Remember COMINIERE don't like us. Also remember Klausterfuck got us the tenement in the first place

I understand they probably have very little chance of success, but

FMD, someone tell me what happens if MMCS win the tenement back please?

sorry to spoil your day

Kunt
I mean Arsehole

I sound like Cleaver Greene off RAKE (one of the best TV series to come out of Australia btw)

Good points @Xerof! What happens if (when) they don't win it back?

 

[MoneyBags1348]

.


False info spread by detractors to disrupt the party? Is Info.cd on the “not to be trusted” media list?

Thanks Bin, It is now and I’ve deleted that post, not giving the corrupt arsewipes any air

 

[TDITD]

Lol, so AVZ were happy to accept northern cut off of CDL, because they thought FT said so, but then find out later that they were conned then take umbrage ?...

ML decree should never have been signed off , should never of been announced to ASX, instead, full clarification with FT should of been sought if that was the case, did AVZ bod / legals drop the ball there ?

Thats fuckn nuts !!

I tell you what, would love to find the clause in the contract regards to what the requirements were for AVZ to maintain or be guaranteed a 5 yr renewal for CDL.

Normally its a spend amount to be executed within a certain time frame, shouldnt matter if the work was done south or north.


imo

EXACTLY, yet another case of WTF

cutting our tenement in half is no small sidenote. Meekly handing over a probable 1million tonnes 1.5-1.6% Li2O resource valued in the Billions is HUGE.
It was given to us, the whole tenement.
This is bullshit. Our BOD at the very least should have been asking to meet with DRC president with a view to negotiate, 20% to DRC freehold sounds fair to me, as a thank you for keeping faith in us and us as a thank you for not HOLDING US UP or CORRUPTING the mine....well thats fucked now isnt it. But you get the drift of this post. Why were us shareholders not made aware, thats HALF our INVESTMENT they wanted to STEAL an we were apparently going to do it at FTs will. WTF wrong is wrong whoever is asking, we should have gone in to negotiate giving them a larger share freehold ffs.

 

[Xerof]

Good points @Xerof! What happens if (when) they don't win it back?

Ah, yes, the continuum of events was MMCS lost it, Cong picked it up, then sold it to AVZ (Klaus the great leader at the time) and remember under Klaus, AVZ was meant to on-sell it to........the name escapes me, but anyway, Nige thought better of that

Fuck, that sequence has a familiar ring to it, same players, different scenario now

If your question is asking what happens if/when MMCS lose, I assume it's just one of the multiple roadblocks out of the way, then on to demolish the other handful

My question to MMCS is why did you take AVZ to court, when it was COMINIERE, or most likely the then Min of Mines who must have taken the tenement back and sold it to Cong, under Kabila of course

I'm circle jerking in the echo chamber again, sorry

cheers
Arsehole

 

[Xerof]

EXACTLY, yet another case of WTF

cutting our tenement in half is no small sidenote. Meekly handing over a probable 1million tonnes 1.5-1.6% Li2O resource valued in the Billions is HUGE.
It was given to us, the whole tenement.
This is bullshit. Our BOD at the very least should have been asking to meet with DRC president with a view to negotiate, 20% to DRC freehold sounds fair to me, as a thank you for keeping faith in us and us as a thank you for not HOLDING US UP or CORRUPTING the mine....well thats fucked now isnt it. But you get the drift of this post. Why were us shareholders not made aware, thats HALF our INVESTMENT they wanted to STEAL an we were apparently going to do it at FTs will. WTF wrong is wrong whoever is asking, we should have gone in to negotiate giving them a larger share freehold ffs.

Actually, it's a valid point you make. Despite the Mining Code requiring 10% ceded to the State, I have long thought the greedy pricks have noted just how much money is to be made, and want a much bigger slice of the DIRECT pie, without having to pay to build it of course. Certainly seems to me that is what the local population keep hammering away at

 

[Onthefm]

Lol, so AVZ were happy to accept northern cut off of CDL, because they thought FT said so, but then find out later that they were conned then take umbrage ?...

ML decree should never have been signed off , should never of been announced to ASX, instead, full clarification with FT should of been sought if that was the case, did AVZ bod / legals drop the ball there ?

Thats fuckn nuts !!

I tell you what, would love to find the clause in the contract regards to what the requirements were for AVZ to maintain or be guaranteed a 5 yr renewal for CDL.

Normally its a spend amount to be executed within a certain time frame, shouldnt matter if the work was done south or north.


imo

Jesus christ you've got to catch the ball before you can drop it. That's the problem the games being played with a ball and our pricks are playing pick up sticks not a ball in sight.

 

[Misfits]

Ah, yes, the continuum of events was MMCS lost it, Cong picked it up, then sold it to AVZ (Klaus the great leader at the time) and remember under Klaus, AVZ was meant to on-sell it to........the name escapes me, but anyway, Nige thought better of that

Fuck, that sequence has a familiar ring to it, same players, different scenario now

If your question is asking what happens if/when MMCS lose, I assume it's just one of the multiple roadblocks out of the way, then on to demolish the other handful

My question to MMCS is why did you take AVZ to court, when it was COMINIERE, or most likely the then Min of Mines who must have taken the tenement back and sold it to Cong, under Kabila of course

I'm circle jerking in the echo chamber again, sorry

cheers
Arsehole

La Cominière en procès ce lundi 16 janvier à la Cour arbitrale à Paris : faute de moyens, les avocats de la RDC bloqués à Kinshasa - L'info qui fait échos

Ce lundi, la Cour internationale d’arbitrage à Paris siège sur le dossier opposant la Congolaise d’exploitation minière (Cominière), une entreprise du Portefeuille de l’Etat, à <a class="mh-excerpt-more"...

econewsrdc.com

Click on link and transfer to English. Mentions the lawyers may not even get to Paris on time due to logistics.............

 

[Misfits]

This Monday, the International Court of Arbitration in Paris sits on the case between the Congolese mining company (Cominière), a company of the State Portfolio, and the Mauritian company MMCS Strategic 1. Although they are in possession of their Schengen visas for the France , lawyers from the DRC are not certain to reach the French capital before Monday. For good reason: the Congolese Government is slow to provide them with the necessary logistics. Civil society is reminded of the great danger that the Democratic Republic of Congo runs if the International Court of Arbitration in Paris sits this Monday without waiting for the Congolese side. In a statement, signed simultaneously Tuesday in Kinshasa, Lubumbashi, Kolwezi and Bukavu, civil society actors call on Prime Minister Jean-Michel Sama Lukonde Kyenge to act as soon as possible. Statement.

Eco news

The Sama Lukonde Government must do everything to ensure that the lawyers and experts of Cominière and the DRC are not absent on Monday, January 16 during the pleadings at the International Court of Arbitration in Paris for the case "MMCS Strategic 1 (Mauritius) v/ the Congolese Mining Sprl (DRC)"

On January 4, 2023, by its letter referenced 23225/GR/PAR concerning the case registered under "MMCS STRATEGIC 1 (Mauritius) v/ LA CONGOLAISE D'EXPLOITATION MINIÈRE SPRL (Democratic Republic of Congo)", the Secretariat of the International Court of Arbitration sent by email to the lawyers of the Congolese party a letter of invitation, a copy of which is sent today directly to the Consulate of the Kingdom of Belgium in the Democratic Republic of Congo under the signature Lucia Bonetto, Deputy Counselor of the Secretariat of the ICC International Court of Arbitration.

According to the information received by our consortium, visas have been granted to the defense team of the Democratic Republic of Congo since January 6, 2023 in order to go to Europe urgently for the pleadings of the parties on Monday, January 16, 2023, but the lawyers and experts of the Cabinet Conseil in charge of the File would still be waiting for the travel documents yet scheduled for the evening of January 13; the financial means necessary for the stay of this important mission to defend the Republic and the vital interests of the Congolese people would not always be available by the Government of the Republic until the time of publication of this communiqué this evening.

Our organizations remember with regret a similar situation having taken place against our country at the International Court of Arbitration in the case brought by DIVINE INSPIRATION GROUP (PTY) of South Africa against THE DEMOCRATIC REPUBLIC OF CONGO by the ARBITRATION N°22370/DDA (FINAL AWARD) of November 7, 2018, of which we have a copy, condemning the DRC to 617,400,178 USD plus interest calculated at the yield rate of US Treasury bonds over a 20-year horizon increased by 2% from the date of the final award and until full payment, not counting the full payment of the arbitration costs and the costs incurred by the Claimant to defend itself.

According to the information of the experts informed of the file obtained by our consortium, the International Court of Arbitration (ICC) will sit in Paris in the case opposing the Cominière to the company MMCS in connection with a mining Permit affecting the lithium of Manono for which la Cominière had already won the trial at the level of the Supreme Court in Kinshasa a few years ago; it appears that the damages and other costs to be borne by the Democratic Republic of Congo would amount to nearly one billion US dollars.

It is clear that if the Congolese party (Cominière and the Democratic Republic of Congo) is not present at the hearing on Monday January 16, 2023 due to a lack of logistical means, the risk of condemnation of the country is enormous and would then fall under very serious negligence, as was the case with DIG OIL in 2018, while Gécamines has won all its international arbitration cases in recent years to recover from the Forrest Group the Lubumbashi Terril Treatment Company (STL) and the deposits of Deziwa and Ecailles (currently SOMIDEZ) of Platmin.

A possible conviction (not to be desired) of Cominière (the Democratic Republic of Congo) by culpable negligence to undermine the efforts of the Head of State, Promoter of the "DRC, PaysSolution" Label and will be a sign of poor management by the government of the Republic of a mining Permit relating to the largest lithium deposit in the world with all the consequences on the finances of the country and the development of Manono, of Tanganyika while this population has long been a victim of the horrors of the war of the pro-Rwandan rebel movement RCD (Congolese Rally for Democracy) of sad memory.

From the foregoing, given the importance and urgency of the issue in question, our Citizen Organizations ask:

– To His Excellency the President of the Republic, the sole guarantor of the country's interests, to become personally involved so that the necessary means are urgently made available by the government to the lawyers in charge of the case so that they are in Europe 48 hours before the hearing on January 16, 2023 to defend the country;

-To His Excellency the Prime Minister for getting personally involved in closely monitoring this file and instructing the sectoral ministers concerned to fulfill their duties and facilitate the defense of the country's interests by the lawyers in charge of the file;

– To the Ministers of Portfolio, Mines and Finance officially seized by the lawyers, as well as the Minister of State in charge of Justice to do their utmost to facilitate the travel of the defense in Europe and to join experts from their cabinets in support for lawyers to defend the country's interests on Monday, January 16 at the International Court of Arbitration to avoid committing the serious error committed at the time by the Ministers of Hydrocarbons and Justice in the DIG-OIL case;

– To the lawyers in charge of this cause and experts to show more patriotism and professionalism to defend the interests of the Republic validly so as not to undermine the flagship project for the local production of electric batteries that the Head of the State and the Congolese population with all their best wishes;