AVZ Discussion 2022

[aanti.dumb]

So i dont understand how cominiere dissolving the JVA means we loose 100% of the project.
AVZ owns %75 Of Dathcom which owns the Rights to Manono. The squabble is over the %15 with Zijin.

Dissolving the JVA just means that the preemptive rights AVZ has are gone and Cominiere off the hook for paying their part of the mine development.

Can someone please explain the reasoning?
Cheers.

 

[9cardomaha]

So i dont understand how cominiere dissolving the JVA means we loose 100% of the project.
AVZ owns %75 Of Dathcom which owns the Rights to Manono. The squabble is over the %15 with Zijin.

Dissolving the JVA just means that the preemptive rights AVZ has are gone and Cominiere off the hook for paying their part of the mine development.

Can someone please explain the reasoning?
Cheers.

IF Dathcom JV is terminated, the ownership of Manono would default back to the DRC i think (will check my notes, as i recall having seen something to this affect).

After it defaults to the government it is up to the MoM to reallocate it to a state-owned company, and what do you know, its those fucking snack hungery MFers at Cominiere who get it back.

 

[aanti.dumb]

IF Dathcom JV is terminated, the ownership of Manono would default back to the DRC i think (will check my notes, as i recall having seen something to this affect).

After it defaults to the government it is up to the MoM to reallocate it to a state-owned company, and what do you know, its those fucking snack hungery MFers at Cominiere who get it back.

Surly the AVZ lawyers would have seen this huge red flag and negotiated better terms? To agree to this would be insane. Does anyone have a copy of the JVA?

 

[Azzler]

We don't yet have info on what grounds they're trying to cancel the JV contract.

We don't really know anything at this point.

It's likely it's as stated by AVZ, an unlawful action, in other words they have no legal recourse to do such a thing.
The purpose is likely just to delay.

AVZ have done everything right, if they were to cancel the JV just because they want to, it would spell the end to any foreign buisness venture that wasn't 100% criminal in the DRC.
If a legal contracts mean nothing, then there is no purpose to a legal contract. Signing one gives no security in the DRC if they were to set this precedent. They would never do that, even as corrupt as things are.

 

[CHB]

Surly the AVZ lawyers would have seen this huge red flag and negotiated better terms? To agree to this would be insane. Does anyone have a copy of the JVA?

Better terms on what? The JV would be gone.

 

[Winenut]

IF Dathcom JV is terminated, the ownership of Manono would default back to the DRC i think (will check my notes, as i recall having seen something to this affect).

After it defaults to the government it is up to the MoM to reallocate it to a state-owned company, and what do you know, its those fucking snack hungery MFers at Cominiere who get it back.

fuck me....

what a fucking nightmare that is

Cominiere is clearly the issue

The corruption and graft there is rife

It makes me very sad for the people of the DRC to see them absolutely rat fucked by their own Govt agencies

Where are you FT????

Where are you in all this????????

 

[tonster66]

I once heard a story about Coles and how in one of their warehouses the culture was so bad that they shut it down and built a new one on the other side of Melbourne. The reason for this is, they could not sack their workers because of the unions, so they built the new warehouse so far away that the workers would not travel. Problem solved.
I read this morning that the DRC government are starting a new organisation, the Inspector General of Mines (IGM), which will be subordinate to the MoM. I also read today that Jules stated that they underestimated the corruption within government.
My first thoughts were "How do you get rid of the corruption"? Start a new organisation and give it the powers of the other organisation eg. cominiere and cami. Staff it with new trusted employees and the multi layers of corruption are gone.
My musings

 

[wombat74]

IF Dathcom JV is terminated, the ownership of Manono would default back to the DRC i think (will check my notes, as i recall having seen something to this affect).

After it defaults to the government it is up to the MoM to reallocate it to a state-owned company, and what do you know, its those fucking snack hungery MFers at Cominiere who get it back.

What it will tell us is that they are all in on it . All on the take . From the TOP down. We need to put the hard word on MoM and Felix. If they don't want to respond we need to give it massive media exposure . Front page New York times , The Weekend Australia , the French Press. At some point we need to call TIME on the current approach and go all in .

 

[cruiser51]

Surly the AVZ lawyers would have seen this huge red flag and negotiated better terms? To agree to this would be insane. Does anyone have a copy of the JVA?

The JV is available on the Cominière website in 4 files.

La Cominière SA

cominiere.cd

Note 8, it is in French.

 

[Flight996]

What it will tell us is that they are all in on it . All on the take . From the TOP down. We need to put the hard word on MoM and Felix. If they don't want to respond we need to give it massive media exposure . Front page New York times , The Weekend Australia , the French Press. At some point we need to call TIME on the current approach and go all in .

I'll write to Penny Wong...oh crap.

 

[TDITD]

Now that you have been graciously awarded the mantle, you should be the one who decides the recipient of this prestigious award.

View attachment 34437

So many choices and we are only into April.

With Zijins absurd behaviour (let's face it, they ordered Cominiere to do this, an they dont even give a shit its so obvious), I'm sure we will have many Mantle holders before years end...an possibly more contenders for the coveted COTY

 

[TDITD]

Love that you decided to censor the warning, rather than the profanity

Mate, It'd take me all day to censor all the swearing
Another reason I love this place

 

[ptlas]

I'll write to Penny Wong...oh crap.

Are you a lesbian who feels discriminated against?

If not, don't bother

 

[Carlos Danger]

Is there an English version of the Dathcom JV agreement floating around?

Surly the AVZ lawyers would have seen this huge red flag and negotiated better terms? To agree to this would be insane. Does anyone have a copy of the JVA?

The JV is available on the Cominière website in 4 files.

La Cominière SA

cominiere.cd

Note 8, it is in French.

Sorry no English that I can find. Here's a link to the French original in one file. There have been some amendments since this initial agreement but I can't find any of them.

Democratic Republic of the Congo - Congolaise d'Exploitation Minière Commère, Darthcom Mining SAS, AVZ Minerals Limited, Dathamir Mining Resources SARL, AVZ International Pty Limited, PR 12436, PR 12449, PR 12450, PR 12454, PR 13359, JVA, 2017

An online repository of publicly available contracts for large-scale land, agriculture, and forestry projects. The repository includes the full text of contracts; plain language summaries of each contract’s key social, environmental, human rights, fiscal, and operational terms; and tools for...

www.mines-rdc.cd

 

[Nbaz]

ICC to cominiere was commenced by AVZ , not by Cominiere , so AVZ can ditch that ICC case as quickly as they opened it .

Dathcom Legals have the JVA and can easily show why it’s unlawful ; you seem to have programmed yourself to think that this ICC cominiere stuff has paused ML progress and that cominiere have a waxed stamp on it ; all above board and AVZ are in no man’s land.

It’s pretty clear from the ann that cominiere haven’t followed the terms of the JVA at all ; why does the mining licence need to be paused because of this rubbish ? Let’s say there is a ‘disagreement’ well until Dathcom is deregistered , the application is still under dathcom and processed in that manner ; if proved down the line at icc that cominiere have that right , then cancel it ; until then , it’s still runs..

So they are not cancelling Dathcoms ownership of the rights to manono, they are wanting to cancel their agreement to potentially sell their 15% to AVZ and cede their remaining 10%?

 

[marksmann007]

Purported used a couple of times in the AVZ announcement-

”including declarations to confirm Cominière’s purported termination of the Dathcom JVA and its purported transfer of part of its interest in Dathcom in breach of the Dathcom JVA are each null and void.”

What does purported mean in legal terms?
to present, especially deliberately, the appearance of being; profess or claim, often falsely: a document purporting to be official. to convey to the mind as the meaning or thing intended; express or imply.

Sounds like AVZ sending a message to CKK after talking a big game & threats of taking us out of the project in that bullshit staged shitshow over the phone interview last week if you attempt that move, we‘ll pull the ICC lever on the blatantly illegal move.

 

[Carlos Danger]

Sorry no English that I can find. Here's a link to the French original in one file. There have been some amendments since this initial agreement but I can't find any of them.

Democratic Republic of the Congo - Congolaise d'Exploitation Minière Commère, Darthcom Mining SAS, AVZ Minerals Limited, Dathamir Mining Resources SARL, AVZ International Pty Limited, PR 12436, PR 12449, PR 12450, PR 12454, PR 13359, JVA, 2017

An online repository of publicly available contracts for large-scale land, agriculture, and forestry projects. The repository includes the full text of contracts; plain language summaries of each contract’s key social, environmental, human rights, fiscal, and operational terms; and tools for...

www.mines-rdc.cd

Can't wait to hear what crack head reasoning Cominiere have for attempting to terminate the Dathcom JVA

 

[Carlos Danger]

Purported used a couple of times in the AVZ announcement-

”including declarations to confirm Cominière’s purported termination of the Dathcom JVA and its purported transfer of part of its interest in Dathcom in breach of the Dathcom JVA are each null and void.”

What does purported mean in legal terms?
to present, especially deliberately, the appearance of being; profess or claim, often falsely: a document purporting to be official. to convey to the mind as the meaning or thing intended; express or imply.

Sounds like AVZ sending a message to CKK after talking a big game & threats of taking us out of the project in that bullshit staged shitshow over the phone interview last week if you attempt that move, we‘ll pull the ICC lever on the blatantly illegal move.

The only other time I can think of that management have used the word purported so often is in relation to the purported sale of 15% of Dathcom from Cominiere to Zijin.

Makes me think that something concrete may have actually happened eg a dodgy court ruling. @9cardomaha is this the sort of thing that you uncovered?

 

[Samus]

Cominière the bunch of fucking stupid monkeys that dance around and make noises for their Chinese masters. What a bunch of dumb criminal cunts and the fucking government just let's them fuck around and bullshit everyone while they embezze, steal and stuff their pockets any way they can. Half the government joins in of course.

Dumbass Republic of Congo.

 

[Rediah]

Take it however you want this post form the Boss

View attachment 34386

One thing is for certain,

These paid actors are as clueless as I am when it comes to AVZ, that attention seeker must be using that ouija board shared earlier.

Enough from DeClown