Pleased to see it was just a typo, though that's typically sloppy of our comms people. That should have been caught. Anyway, that's one bit of easement.
Two points of interest I've picked out of this announcement. The first is how Zijin/JC's case and effort to win their way into the project is described - which basically puts to bed for me that the company have any intention for now of entering into a settlement with Zijin.
The second is a point of confusion regarding the bifurcated Zijin ICC arbitration
View attachment 32778
Here it states that if the first challenge wins out, then Jin Cheng don't have the right to institute arbitration at the ICC against us due to non involvement in the JVA. It however says that this wouldn't determine whether the sale by Cominiere was effective which must be determined in another separate proceeding. Wouldn't success in the first challenge remove the ability for a second ICC hearing to be held on whether the sale of shares was actually legit?
Does this mean a different kind of proceedings would be required? Where would they happen, DRC courts? That's not ideal for us, we can't win in that corrupt environment. With the dathomir case we ignored DRC court rulings as lacking jurisdiction but if its determined that JC aren't in the JVA, where would jurisdiction be? Would this require us starting a separate ICC case against Cominiere to determine the legitimacy of the transfer, given they ARE in the JVA?
Colour me confused. Anyone got any thoughts? I'm probably over complicating this in my head but to me it doesn't add up as explained in this announcement.