AVZ Discussion 2022

[9cardomaha]

Just a question to the forum. Who is the ICC and who polices the police ? I would suggest is absolute bullshit re double booking and if it is the case that the ICC Arbitration ZJ v AVZ is in fact delayed and it is the chinese that have arranged this ( bribery ) then the whole world is fucked.
@ 9cardomaha does your source indicate it is definately the AVZ v ZJ case being delayed or is it possible they talking about the result of the MMCS v Cominiere case ? Given they had 90days to come up with an agreement that said agreement pretty much due this week
Right now we do not have any official announcement re all this just TR article in AFR which is very vague and @9 Cardomaha bit of intel.

ZJ v AVZ hearing on jurisdiction delayed - the ICC clerk i made contact with shared only because this case is 'public'. MMCs v Cominiere we won;t have updates until a final decision is rendered since that one is stock standard 'confidential'.

 

[Rediah]

 

[Strongman]

ZJ v AVZ hearing on jurisdiction delayed - the ICC clerk i made contact with shared only because this case is 'public'. MMCs v Cominiere we won;t have updates until a final decision is rendered since that one is stock standard 'confidential'.

Ok cheers for that mate. Definately not what i wanted to hear but it is what it is
Re the MMCS v Cominiere was it not he case that the arbitrator gave the parties 90 days to come to an agreement ? If they dont then what ? Does the arbitrator make a call ?

 

[Panther22]

Is it just me who finds Svetlana's tweets on the bird really annoying? Heart in the right place, and I applaud the effort to post a lot of news, however I've rarely seen a person more affected by cognitive biases. Always so slanted, to the point where it takes away from any of the material presented.

Like on the above, it's absolutely a false connection being drawn and presented as fact. The original tweet from Franck simply stated that PR05"s people had visited Manono and that the local community and civil society leaders had said they want AVZ not Zijin. Great! Already is a positive statement, no need to embellish. However she has then somehow suggested that this actually means that the President has said no to Zijin and Yes to Avz. What a load of hogwash.

How about applying a little bit of rigor, critical thinking, or even just giving a careful reading to the source material before raising people's hopes Svetlana?

I find most of the tweets annoying. So often they sound like "good news" only to let us down.
Shouldn't any ICC delays warrant an AVZ announcement? Or is delay not official yet?

 

[9cardomaha]

Ok cheers for that mate. Definately not what i wanted to hear but it is what it is
Re the MMCS v Cominiere was it not he case that the arbitrator gave the parties 90 days to come to an agreement ? If they dont then what ? Does the arbitrator make a call ?

My understanding is that during the 90 days, either party can submit a request for extension ranging from 'we need more time to prepare documents', 'we would like to request further document disclosure/discovery'. Not sure if this is limited to 1 per side or if they can indefinitely stall the project with bullshit...

these requests would then sit with the arbitrator or tribunal panel residing over the case for 3-5 workings days and they would decide on whether an extension will be allowed and how long it would be.

^the above comes from my understanding of a similar request submitted by ZJ during the case against AVZ due to former Cominiere CEO getting arrested and them needing to find another clown to be their key witness - enter CKK.

 

[geo_au]

Is it just me who finds Svetlana's tweets on the bird really annoying? Heart in the right place, and I applaud the effort to post a lot of news, however I've rarely seen a person more affected by cognitive biases. Always so slanted, to the point where it takes away from any of the material presented.

Like on the above, it's absolutely a false connection being drawn and presented as fact. The original tweet from Franck simply stated that PR05"s people had visited Manono and that the local community and civil society leaders had said they want AVZ not Zijin. Great! Already is a positive statement, no need to embellish. However she has then somehow suggested that this actually means that the President has said no to Zijin and Yes to Avz. What a load of hogwash.

How about applying a little bit of rigor, critical thinking, or even just giving a careful reading to the source material before raising people's hopes Svetlana?

Interesting to note, the chinese in Beijing referred to the congolese as behaving like children. What an insult. Is that because chinese contracts are being reviewed.

 

[Dazmac66]

Your a fuckin legend 9card. One day we'll have to all get together and have a beer and yarn about this shambles.

 

[RHyNO]

Our BOD is going to get the ML for us and we're going to go mining.

I'm trusting in nige and the bod to close the deal to see us move forward. I know we are all hurting in different ways in dealing with this situation but the negativity directed to mgmt isnt going to bring the ml home and is only good for our detractors. its clear that the DRC is a difficult operating environment with corruption running deep, not sure anyone else would have us in a better position. I'm supporting mgmt.

Agree but neither is the faith or positivity. Nothing will bring about the ML more effectively than effective management. Which we clearly do not have! Why would you want it thrown out of court if you were right?

 

[geo_au]

One day investors will look back and say the pain we suffered wasn't worth the worry. I am 100% sure we will be going mining once this ziijin saga is thrown out. Simply put they don't have a case and the congolese don't want them hence the presidents delegation to Monomo.
So for the last time we will be going mining.

 

[Mr Inappropriate]

There's a couple of things which throw this off a bit , so difficult to pinpoint what hes on about....'ruling' is he on about the MMCS V Cominiere ruling because that 'ruling' is due out by the end of this week ..... The Zijin V AVZ case, isn't a ruling its a hearing, the ruling would be around the 20th of July ... his date of the 23rd is also incorrect; our case is scheduled (at this stage ) for the 19th / 20th of April , not the 23rd

View attachment 34176

Comprehension is not Little Tommy’s strong suit.

 

[RHyNO]

Tommy the twat had been biased against AVZ from day dot. You think his articles are in any way, shape or form unbiased and well researched pieces?
The ASX has been all over AVZ for the last few years, I’d say one of the most scrutinized companies on ASX. They have been ok with it.
I’ve been critical of AVZ management but fair suck of the sav forming an opinion from these bullshit biased articles from AFR is just plain stupid imo.

Everyone squeals like this when things don’t go our way. “Tommy is a twat”. “Zinjin are corrupt cunts”. Etc the only thing our BOD have done is let them get away with all this bullshit and stand around in Perth counting rocks. Where is the offence! Where is the aggression! Tommy is a twat and zinjin are corrupt cunts but they have us by the dick! And we are acting like it’s a rub and tug.

 

[RHyNO]

One day investors will look back and say the pain we suffered wasn't worth the worry. I am 100% sure we will be going mining once this ziijin saga is thrown out. Simply put they don't have a case and the congolese don't want them hence the presidents delegation to Monomo.
So for the last time we will be going mining.

Keep up the positivity mate it keeps me off the edge!!

 

[wombat74]

View attachment 34181

Good maybe they could start paying our legal fees . It's in Australia's best interest's as well .

 

[Carlos Danger]

AVZ have never said this. What a fucking clown. I have ridiculously low expectations for 'journalists' but this is next level stupidity.

 

[Sammy_da_Smile]

 

[Samus]

There's a few standouts which just makes one think, 'how on earth did we get into bed with such dumb fucks?'

AVZ hold 75% (AVZ / Dathomir?) . DRC currently left with 5% on paper because MoP gifts 5% to MMCS (hey, that decision should be pretty soon, considering 90 days and 16th of Jan was the last day of the case from my memory) , Cominiere sells 15% to Zijin ....75% (AVZ/Dathomir) + 5% (MMCS) + 15% Zijin + theres 5% left over which is to the DRC ...so on paper Cominiere are basically gone ... hanging onto the 5% yet to be ceeded to the state until its handed back; what's their thoughts on Zijin, did they flog it or not?

But yet the story from this bent journo is, i assume: is that Cominiere has told AVZ that they are cancelling the contract..... sold out, but want to break contract or as per CKKs interview , want to take control of the Finances (what could possibly go wrong ) ; want to take control of the project ...."sorry mate , i sold you the TV, can you hand me the remote"

its just so retarded, my brain hurts

Don't forget none of it ended up in state coffers and they spent it all on 'remuneration' and snacks.
Honestly, how the fuck on earth anyone can get away with that and still remain in charge of State assets.... Fucks sake!

 

[Samus]

This cunt is relentless in his personal vendetta, hopefully marius/AVZ sues the arse off him soon...

Zijin Mining attacks AVZ’s $1.5m Mihigo deal, ICC hearing delayed​

Tom RichardsonMarkets reporter and commentator
Apr 13, 2023 – 2.49pm

Chinese miner Zijin Mining has piled up the pressure on AVZ Minerals by claiming that the latter’s $US1 million ($1.5 million) cash payment to Congo middleman Marius Mihigo is unacceptable and against the rules of the Democratic Republic of Congo’s mining framework.

Marius Mihigo. LinkedIn
The broadside fuels a sprawling barney between Chinese, Australian, and DRC stakeholders over ownership rights to potentially the world’s most valuable untapped lithium project named Manono in the southeast of the resource-rich country.
“The agreement to pay such fees to middleman Mr Mihigo remains shrouded in secrecy and is of great concern to Zijin Mining,” said Chen Chen, a lawyer for Zijin. “The DRC has a comprehensive mining legal framework, which does not require any additional fees or lobbying by agents to obtain a mining licence. This conduct is unacceptable and contrary to Zijin Mining’s philosophy.”
The lawyer said a planned International Chamber of Commerce arbitration hearing in Paris between its legal team and AVZ on April 23 was postponed for unspecified reasons.
On Wednesday, the Australian Securities Exchange suspended AVZ for non-compliance with its listing rules after the former S&P/ASX 200 member said it could not disclose all information to the market. It also claimed it did not disclose Manono ownership disputes in 2021 as they were not material to its operations.

Since The Australian Financial Review reported that Mr Mihigo accepted a $US1 million cash payment from AVZ, the consultant has denied any unacceptable conduct and claimed in London’s Financial Times, French public broadcaster France 24 and DRC media that Zijin was behind an “orchestrated misinformation campaign” to defame him and AVZ.

The proposed Manono lithium and tin mine.
However, Ms Chen rejected these allegations. “As a paid consultant, Mr Mihigo’s comments are inherently biased,” she said. “These slanderous claims have been made without any evidence. Zijin Mining rejects all claims by AVZ and Mr Mihigo.”
Mr Mihigo has complained in public about the reporting of AVZ’s proposed plan to pay him an additional success fee of $US3 million and $US2 million in shares to total $US5 million if the mining licence was awarded.
On June 2, AVZ’s board agreed to hire lawyers DLA Piper to conduct a review of its plan to offer the $US5 million success fee. DLA Piper later advised against agreeing to pay the success fee, which was scrapped.
At the expected ICC hearing later this year, AVZ will seek to have Zijin’s claim to a 15 per cent ownership right in Manono thrown out on the grounds the tribunal has no jurisdiction.

Zijin claims it bought a 15 per cent stake in Manono in November 2021 for $US33.4 million from Congo-state-backed mining body Cominiere. However, AVZ has repeatedly rubbished the claim as “spurious”, with no legal authority.
The Perth-headquartered miner says it still owns 75 per cent of Manono as the 15 per cent transfer is a breach of a joint venture agreement with the vendor Cominiere.
Zijin says its ownership interest was recorded in the Manono project’s public DRC share registry in November 2021 and is legally valid. Ms Chen has again attacked AVZ for seeking to have the registry amended.
“Allegations that AVZ agent, Mr Mihigo, was tasked to alter Dathcom’s business records to remove Zijin Mining’s legal ownership in the joint venture is also of great concern,” she said. “It’s noteworthy this news echoes a past attempt by an AVZ agent to use unlawful means to influence this project and alter records.”
AVZ also faces a legal fight with another joint venture partner named Dathomir and class action lawyers Omni Bridgeway. The Australian miner has repeatedly blamed its problems and 11-month trading halt on hostile third parties.

Zijin Mining attacks AVZ’s $1.5m Mihigo deal, ICC hearing delayed

Zijin Mining says the legal arbitration against AVZ scheduled for April 23 has been postponed, and it has hit out at the Australian miner’s claims against it.

www.afr.com

 

[Chilla]

This cunt is relentless in his personal vendetta, hopefully marius/AVZ sues the arse off him soon...

Zijin Mining attacks AVZ’s $1.5m Mihigo deal, ICC hearing delayed​

Tom RichardsonMarkets reporter and commentator
Apr 13, 2023 – 2.49pm

Chinese miner Zijin Mining has piled up the pressure on AVZ Minerals by claiming that the latter’s $US1 million ($1.5 million) cash payment to Congo middleman Marius Mihigo is unacceptable and against the rules of the Democratic Republic of Congo’s mining framework.

Marius Mihigo. LinkedIn
The broadside fuels a sprawling barney between Chinese, Australian, and DRC stakeholders over ownership rights to potentially the world’s most valuable untapped lithium project named Manono in the southeast of the resource-rich country.
“The agreement to pay such fees to middleman Mr Mihigo remains shrouded in secrecy and is of great concern to Zijin Mining,” said Chen Chen, a lawyer for Zijin. “The DRC has a comprehensive mining legal framework, which does not require any additional fees or lobbying by agents to obtain a mining licence. This conduct is unacceptable and contrary to Zijin Mining’s philosophy.”
The lawyer said a planned International Chamber of Commerce arbitration hearing in Paris between its legal team and AVZ on April 23 was postponed for unspecified reasons.
On Wednesday, the Australian Securities Exchange suspended AVZ for non-compliance with its listing rules after the former S&P/ASX 200 member said it could not disclose all information to the market. It also claimed it did not disclose Manono ownership disputes in 2021 as they were not material to its operations.

Since The Australian Financial Review reported that Mr Mihigo accepted a $US1 million cash payment from AVZ, the consultant has denied any unacceptable conduct and claimed in London’s Financial Times, French public broadcaster France 24 and DRC media that Zijin was behind an “orchestrated misinformation campaign” to defame him and AVZ.

The proposed Manono lithium and tin mine.
However, Ms Chen rejected these allegations. “As a paid consultant, Mr Mihigo’s comments are inherently biased,” she said. “These slanderous claims have been made without any evidence. Zijin Mining rejects all claims by AVZ and Mr Mihigo.”
Mr Mihigo has complained in public about the reporting of AVZ’s proposed plan to pay him an additional success fee of $US3 million and $US2 million in shares to total $US5 million if the mining licence was awarded.
On June 2, AVZ’s board agreed to hire lawyers DLA Piper to conduct a review of its plan to offer the $US5 million success fee. DLA Piper later advised against agreeing to pay the success fee, which was scrapped.
At the expected ICC hearing later this year, AVZ will seek to have Zijin’s claim to a 15 per cent ownership right in Manono thrown out on the grounds the tribunal has no jurisdiction.

Zijin claims it bought a 15 per cent stake in Manono in November 2021 for $US33.4 million from Congo-state-backed mining body Cominiere. However, AVZ has repeatedly rubbished the claim as “spurious”, with no legal authority.
The Perth-headquartered miner says it still owns 75 per cent of Manono as the 15 per cent transfer is a breach of a joint venture agreement with the vendor Cominiere.
Zijin says its ownership interest was recorded in the Manono project’s public DRC share registry in November 2021 and is legally valid. Ms Chen has again attacked AVZ for seeking to have the registry amended.
“Allegations that AVZ agent, Mr Mihigo, was tasked to alter Dathcom’s business records to remove Zijin Mining’s legal ownership in the joint venture is also of great concern,” she said. “It’s noteworthy this news echoes a past attempt by an AVZ agent to use unlawful means to influence this project and alter records.”
AVZ also faces a legal fight with another joint venture partner named Dathomir and class action lawyers Omni Bridgeway. The Australian miner has repeatedly blamed its problems and 11-month trading halt on hostile third parties.

Zijin Mining attacks AVZ’s $1.5m Mihigo deal, ICC hearing delayed

Zijin Mining says the legal arbitration against AVZ scheduled for April 23 has been postponed, and it has hit out at the Australian miner’s claims against it.

www.afr.com

That is nothing but the sounds of desperation from Zijin being expressed through their mouthpiece ….. they know they can’t win and are starting to capitulate and vent frustration of their dire position.

 

[CHB]

That is nothing but the sounds of desperation from Zijin being expressed through their mouthpiece ….. they know they can’t win and are starting to capitulate and vent frustration of their dire position.

Would have hoped for them to give up by now but unfortunately they still seem willing to fight and drag things out

 

[Chilla]

Would have hoped for them to give up by now but unfortunately they still seem willing to fight and drag things out

It’s the same old Chinese play book….make it look like you are fighting to the end and then give in just before you officially lose. Just look at the WTO case with the tariff’s on Australian Barley…the Chinese were staunch until this week just days before the judgement was said to go against them. Same shit here.