AVZ Discussion 2022
- Thread starter GazDix
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TDITD
Top 20
fun and games. Times flies when your having fun.....how long have we been in suspension again ?
The support at the highest levels of Government is very real, from my Sauce who states this is absolutely unequivocally correct, I have been given clearance to pass on details so thank you Sauce...... his name is Sambu Ndlovu, he works on the top level (circled in pic as its quite complicated) at the DRC senate building and is a fervent supporter of AVZ, he is also the best cleaner on the floor, rumours are abound that he is next in-line for a promotion to floor coordinator.
obe wan
Regular
ye from look
obviously I don’t know if Cominiere managed to get a 2 year extension and regenerate the 3 years for MMCS to do their thing ; as MMCS only had 1 year of the Mining codes 3 year requirement I.e Exploitation licence awarded July 2011 MMCS joined Manomin and its bags of requirements 1st sept 2013.
In any case between the dates of July 2011 and September 2016 ; which is a full 5 years … there would appear to have been very little done.
Mining code 2013 was 3 years …. Nada in 5
JAG
Top 20
COMINIERE/MMCS trial, no money for the stay of Congolese lawyers at the judgment at the International Court of Arbitration in Paris
January 13, 2023Kiki Kienge
By Kiki Kienge
If the judicial show in Paris in France, the story of the play takes place in Manono in the province of Tanganyika in the Democratic Republic of Congo and script as motif, the Manono lithium project.
Normally the hearing set for Monday, should take place in March 2020, in Paris of course. The cause of the postponement was the Covid-19 pandemic that triggered the closure of borders.
This is a dispute between COMINIERE (La Congolaise d'Exploitation Minière SPRL (which was once ZAIRE ETAIN), a public company of the Congolese State, against MMCS STRATEGIC1, a company registered in Mauritius, of which some Congolese dignitaries of the old regime, but still influential in the new regime, are suspected of owning shares.
Genesis of the case
In February 2016 with the ministerial decree signed on September 28, 2016, the Minister of Mines Martin Kabwelulu Labilo had canceled the research permit of the Mauritian company MMCS STRATEGIC 1, to grant the 12202 permit to DATHOMIR (company belonging to a Chinese citizen reacting in the name of Simon Cong, very close to the former regime of Joseph Kabila and in particular owner of the Kempinski Congo River Hotel) and this on the same perimeter of the permit of MMCS1.
The reason given by the Congolese State was the lack of results and the absence of a credible feasibility study on the part of MMCS1.
In reality, the Mauritian company did not have enough capital for the realization of the project, but wanted with the permit granted by the Congolese State, to go and collect funds in stock exchanges abroad.
Thus, on September 23, 2016, Dathomir and Cominière signed a "Preliminary Agreement" which will lead to the creation on October 17, 2016 of a Joint Venture (DATHCOM, Manono lithium project) where Cominière owned 70% and Dathomir 30% of the shares.
As a reminder the Australian company, AVZ Minerals is not yet part of the adventure in the project, Manono lithium. The Australians of AVZ Minerals will not come until 217, buying 60% of DATHOMIR's shares of Chinese Simon Cong in DATHCOM.
So the composition of the shares in DATHCOM was: AVZ Minerals with 60%, COMINIERE 30%, Dathomir with 10%.
With the DATHCOM research permit, the Australians of AVZ Minerals carried out the feasibility studies that MMCS1 and DATHOMIR were unable to do not have due to lack of financial means, to obtain the blocked exploitation permit, the reasons for which only God knows by the CAMI (Mining Cadastre).
MMCS v. COMINIERE dispute
But since 2016, the Mauritian company had filed a complaint against COMMINIERE, therefore the Congolese State "for having terminated its contract illegally".
MMCS' defense: "The delay in the execution of the works is due to the insecurity in Tanganyika especially in Manono, especially following the lack of electrical energy in the province. "
This is disputed by Congolese experts who claim that the feasibility study should precede the energy stage.
COMINIERE chooses as defender the law firm Emery Mukendi WA Nfwana & Associés, unfortunately Emery Mukendi died in 2020 and his firm was liquidated.
COMINIERE without lawyers for its defense, "fortunately" for her the March 2020 hearing in Paris was postponed because of the Covid-19 pandemic.
DR Congo risks billions $US
COMINIERE (So the Congolese State) a few days before the plenary in Paris this Monday, January 16, 2023, would be unable for lack of means to take charge of the stay in Paris of lawyers for the defense of COMINIERE.
Without defenders or experts, in front of the tough lawyers and the financial means deployed by the Mauritian company MMCS, the Congolese State through COMINIERE, risks a conviction by default and forced to pay millions $US to MMCS and that it enters the DATHCOM joint venture of the Manono lithium project.
MoneyBags1348
Top 20
Saving that all week for a were fucken fucked Friday fuck post? I love it, but it was a bit short of setting a new mantle
As the original and longest surviving holder (and official presenter)…. I pronounce the new winner and future Hall Of Famer
The Honourable Nut
Congratulations and well done from all and sundry
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Did fuck all when they had it because the world was skeptical of EV.
The world is in transition & lithium is the way.
The world is in transition & lithium is the way.
TDITD
Top 20
That won't fly at the ICC thankfully.
obe wan
Regular
‘Without defenders or experts, in front of the tough lawyers and the financial means deployed by the Mauritian company MMCS, the Congolese State through COMINIERE, risks a conviction by default and forced to pay millions $US to MMCS and that it enters the DATHCOM joint venture of the Manono lithium project.’
So where would MMCS enter into Dathcom …. Cominiere has sold its stock to Zijin … problem for the Green Queen and Cominière I suppose
So where would MMCS enter into Dathcom …. Cominiere has sold its stock to Zijin … problem for the Green Queen and Cominière I suppose
John25
Regular
admin@avzminerals.com.au
Just sent a flattering Email to Ben Nigel & BoD who delusion-ally think they have the SHs full support in this matter .Just thanked them for making myself/others having to seek employment in 2023 because of their total & utter incompetence
Just sent a flattering Email to Ben Nigel & BoD who delusion-ally think they have the SHs full support in this matter .Just thanked them for making myself/others having to seek employment in 2023 because of their total & utter incompetence
JAG
Top 20
Thanks mate. Did you also let them know that I am on dry fucking site with my new employment?
Hemicuda
Regular
Best post on tse, no one needs to add anything else from this point on.
John25
Regular
DiscoDanNZ
Regular
John25
Regular
Tried that already Dan in a previous e-mail …Management dont like that TONE of voice …they found it un necessaryThat sounds more like an email that would be better coming from you half way through your first session back from the dry site.
Pro tip, if your struggling for the right words to use just say fuck a lot
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TDITD
Top 20
This MMCS ICC dispute is a Comminiere problem yes ?
So essentially whatever judgement/decision is made Comminere pays, if they have deemed they sold off their share then they pay MMCS the equivalent yes ?
i.e if 5% its $50 million.
This in theory only effects us in the sense that we may be tapping up MMCS (if they win) to purchase their share of the project off of them ?
Is this correct ? If so we best be talking to MMCS, covering bases an such.
So essentially whatever judgement/decision is made Comminere pays, if they have deemed they sold off their share then they pay MMCS the equivalent yes ?
i.e if 5% its $50 million.
This in theory only effects us in the sense that we may be tapping up MMCS (if they win) to purchase their share of the project off of them ?
Is this correct ? If so we best be talking to MMCS, covering bases an such.
TDITD
Top 20
hmmmm did you try it with a gender-neutral colour and a non-threatening font?
LEFOOL
Regular
yeah better not start an email with ' hey guys ' nowadays.....
obe wan
Regular
Well that depends … wasn’t the green queen giving MMCS from cominiere …..but she’d already signed off the 15% to Zijin
She obviously wasn’t very good in math class … how’s that going to work …. May actually put a bit of pressure on Zijin to hand over that offical letter of non pursuing of Manono 15%
DiscoDanNZ
Regular
That's because management live in a different fucking world where all those fuckers have to do is stop by the fucking office once a fucken fortnight to collect their fucking salaries.
Always use the correct pro-nouns, it's 'they/them' against 'us'
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