Good maybe they could start paying our legal fees . It's in Australia's best interest's as well .
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Carlos Danger
Top 20
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
Regular
Samus
Top 20
Don't forget none of it ended up in state coffers and they spent it all on 'remuneration' and snacks.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
Honestly, how the fuck on earth anyone can get away with that and still remain in charge of State assets.... Fucks sake!
Samus
Top 20
This cunt is relentless in his personal vendetta, hopefully marius/AVZ sues the arse off him soon...
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.
www.afr.com
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.
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Chilla
Regular
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.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.
Would have hoped for them to give up by now but unfortunately they still seem willing to fight and drag things out
Chilla
Regular
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.
How does Tommy even remotely adhere to this;
The Journalist Code of Ethics (https://www.meaa.org/meaa-media/code-of-ethics/) states that journalists should “scrutinise power” and commit themselves to “honesty, fairness, independence”, they must not “give distorting emphasis” and must have a “respect for truth”.
AFR must have a huge lack of applicants for the position of journalist if he is the best they can do…..
The Journalist Code of Ethics (https://www.meaa.org/meaa-media/code-of-ethics/) states that journalists should “scrutinise power” and commit themselves to “honesty, fairness, independence”, they must not “give distorting emphasis” and must have a “respect for truth”.
AFR must have a huge lack of applicants for the position of journalist if he is the best they can do…..
bloke383
Regular
I'd like to thank Tommy for providing AVZ with intel on how Zijin is going to approach this ICC hearing . If this sort of crap is actually going to be used by Zijin at the ICC , it gives the AVZ lawyers plenty of time to prepare a response that will absolutely humiliate Zijin in front of all to see . So keep it up Tommy .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.
I'm sure Zijin would love to know our strategy for the ICC , but we'll wait for the actual hearing for that to be known , thanks all the same .
Gee Zijin are a bunch of sooks. Imagine crying over this with their appalling corruption record. Far out. Embarrassing
Azzler
Top 20
I'm hoping this is the case too, since this is the first we've heard from them (from their inside man, treasonous ahole Tommy).
Chinese are big on having to save face, it's actually incredibly pathetic and can be used against them.
This might be them realising they've lost, and calling foul to save face.
They'll do as much damage as possible on their way out if this is the case.
I don't know about you guys, but as long as we get the ML in the end, I don't care at all about Z, tom, corrupt ministers, HC trolls, it's all just hot air.
I don't even care if the shorters make a killing on relisting because I know the SP will rocket within weeks or months. Lets all make money!
CashKing
Regular
That’s if AVZ BOD are paying attention to this also mate.. Hopefully they are more “aware” this time around
As for Tbag Tommy he’s definitely still a cunt…
Samus
Top 20
The clowns at ICC are useless as tits on a bull, fancy taking 12+ months to make a ruling on time sensitive issues.
And these dimwits in DRC want respect, then how about respecting their own laws and getting rid of incompetent, corrupt politicians and public servants.
It's very difficult to respect a bunch of idiots. Show some respect for investors adhering to their own laws instead of treating potential projects like an embezzlement jackpot.
The fucking Chinese are even worse, they hang people in China for corruption but it's encouraged overseas against what they consider inferior peoples who they bully, threaten and blatantly rip off. Cunts.
Get your shit together ICC fuckwits!
Fuck off Tom Richardson arrogant cunt.
OK I think I'm done.
Time for a rum.
Happy days!
And these dimwits in DRC want respect, then how about respecting their own laws and getting rid of incompetent, corrupt politicians and public servants.
It's very difficult to respect a bunch of idiots. Show some respect for investors adhering to their own laws instead of treating potential projects like an embezzlement jackpot.
The fucking Chinese are even worse, they hang people in China for corruption but it's encouraged overseas against what they consider inferior peoples who they bully, threaten and blatantly rip off. Cunts.
Get your shit together ICC fuckwits!
Fuck off Tom Richardson arrogant cunt.
OK I think I'm done.
Time for a rum.
Happy days! For christ sakes mate the nige has been telling us gullible sh,s the 15% to z .has absolutely nothing to do with the ml as we have good title to 75% .so here we are with the best management on the asx . So you tell me mate what's changed? OR WAS IT ALL BULSHIT. But maate beee patient. Fuck me you have gone beyond taking the piss your just talking shit the same as the best bod on the asx . Or is it just an old fashion LIE. Now tell me to sell u fuckwit.
CashKing
Regular
IMO Nigel didn’t think he would get this far before someone “ie CATL cough” took over the project and raped the DRC once again..
It seems like a bit of “can you can’t you” “he says she says” bullshit behind closed doors.
Remember this anyone ??
Someone has to win in the end right ???
GLTAH & FUCK TOMMY & FUCK ZIJIN
Huayou you cunts are looking good
you also stay nice and peaceful for having so many shares 
Yes 20 years experience in drc. Where the fuck did he spend his time in the drc ? In some utopian no corruption corner of the fucken drc. Ho fuck me I'm a silly Billy it's called Europe. Where all the crooks go after they've been to court in the drc. Stupid meIMO Nigel didn’t think he would get this far before someone “ie CATL cough” took over the project and raped the DRC once again..
It seems like a bit of “can you can’t you” “he says she says” bullshit behind closed doors.
Remember this anyone ??
View attachment 34195
Someone has to win in the end right ???
GLTAH & FUCK TOMMY & FUCK ZIJIN
Oh dear, oh fukkin dear, such unfortunate timing.
And the show goes on.....
#Tshopo Arrest of 16 Chinese accused of “theft and illicit mining work” in gold mines https://mines.cd/tshopo-arresta tion-de-16-chinois-accuses-de-vol-et-travaux- illegal-mining-in-gold-mines/ …
Carlos Danger
Top 20
The most egregious thing about this mistake by Tommy is that he actually got the fact that Cominiere's 15% isn't part of the 75% that AVZ legally own correct in his May 20 2022 opinion piece (screenshot below). It's almost like he is deliberately trying to deceive his readers into thinking AVZ could lose control if the ICC cases don't go our way...
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