AVZ Discussion 2022
- Thread starter GazDix
- Start date
Carlos Danger
Top 20
Any chance of sourcing the document from when Dathcom brought CAMI to court about the surface rights payment @9cardomaha ?
Mr Inappropriate
Regular
The site is insecure (browser warning), and you need to register. I used a disposable email from here https://temp-mail.org/en/
Franck kept on referring to active RCCM. Is it different from the RCCM site provided?
Winenut
GO AVZ!!!!
Document 8196 on page 1 states a partial renunciation of area, not rights. Page 2 defines the boundary vertices and the area of the part being renounced. Neither page suggests we renounced part of our rights. Both refer to area.
Without other supporting documentation 8196 is a full renounciation of all our rights to part of the area of tenement 13359.
MoM rescinded this, Nigel argued it still stands. Personally I think MoM did the right thing for the wrong reasons, because with 13359 unified the north cannot go to AJN. I'd like to better understand why Nigel appears to be arguing against the reunification of 13359.
Without other supporting documentation 8196 is a full renounciation of all our rights to part of the area of tenement 13359.
MoM rescinded this, Nigel argued it still stands. Personally I think MoM did the right thing for the wrong reasons, because with 13359 unified the north cannot go to AJN. I'd like to better understand why Nigel appears to be arguing against the reunification of 13359.
Carlos Danger
Top 20
The devil is in the detail
The MoM used Cominiere's salty tears as her reason for cancelling the initial decree. They only started making noise about this after they got caught selling the 15% of Dathcom illegally. However, it's important to note that the timing of their appeal being announced on December 7th 2022 is in the 60 day window of the Zijin offer.
Here's what Cominiere are claiming:
I still think the justification used by the MoM is setting a path to give the north to someone else, given the need and urgency, because Dathcom were causing delays on that part of the project
Nigel obviously feels more confident in retaining the most amount of Manono he can for Dathcom by laying out the legal reasoning proving the new decrees are illegal. This is the correct strategy given what has most likely occurred with Cominiere accepting an offer from Zijin that is motivating the MoM's intentions imo
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Mr Inappropriate
Regular
Samus
Top 20
100% agree @Sangster. WTF is really going on here? Why does Nigel want the tenement split and why did they apply to do that in the first place?
He said he was tricked into it at the roadshow but now sends a public letter condeming this decree just as much as the one which revoked the PE.
In my view, maybe it was done informing Dathcom first causing confusion. Nigel would have responded after consulting with a lawyer. Since he has responded, why there has been no announcement made from AVZ to keep us in the loop?
Mickyb64
Regular
We're 100% overdue for an update from the BOD. This shit is getting ridiculous.
obe wan
Regular
obe wan
Regular
Likely true, because apparently / NF only heard of the Decree on the friday ; they shot back with that letter of appeal on the Saturday, so they were likely punching in the dark and had minimal angles for contact into CAMI / MoM offices until Monday ; Nigel may have come in a bit premature , but he may have been in panic mode
The question was asked from AVZ office a day or so after the ann dropped and the response was that the decrees had come off , but that was all
RHyNO
Regular
Keep in mind Cath are Chinese and are our largest partner.
Frank
Top 20
Congo watchdog wants billions of dollars more From China infra deal
Chinese companies have become major players in Congo’s mining industry over the past decade, often taking over projects previously owned by Western companies.
Congo is set to hold elections at the end of this year, and President Felix Tshisekedi plans to make nationwide infrastructure projects a cornerstone of his campaign.
The IGF also called for:
- The Chinese partners to release $1 billion in infrastructure funding this year.
- The accord to be amended, to ensure half of future infrastructure contracts go to Congolese companies.
- An audit of the completed infrastructure projects related to the agreement.
Congo demands $17bn more in infrastructure investments from China deal
Among a list of 16 demands, the IGF called for the “renegotiation of the Convention to adjust and balance the duties and benefits of both parties and bring them into line with the value of their respective contributions”.
The auditor also demanded that Gecamines be given a bigger stake in Sicomines.
It currently has a 32% holding.
www.mining.com/category/battery-metals/
TDITD
Top 20
Speaking for me too
BRICK
Where’s Zeebot 😶🌫️
these guys just copy and pasted most of their article by the looks of it as well.
I did some research and found a picture of the real Nigel, actually with some of his mining machinery, below:
Samus
Top 20
We only seem to get some vague announcement every time things go further south. It just feels like whatever management are doing that they're always on the back foot. And whatever they're doing it isn't effective enough to justify a positive announcement. It's a bit much after 10+ months.
It all seems to be coming down to winning multiple legal battles. Zero support from government so far even though the case is so clear. I'm sorry but the Congolese are fucking retarded. Any foreign company taking any notice of this would steer clear at all costs, it only attracts parasitic speculators like Klaus Eckhof with no intention to do any work.
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