AVZ Discussion 2022
- Thread starter GazDix
- Start date
"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."
You are absolutely right its just that some investors are angry about the extension into July and so the real issue is has taken a back seat
For Congolese eyes only
Xu Zhiyong’s dream is for China to become a democratic country that is “beautiful, free, fair and happy.” It is a simple wish, yet in the eyes of the authorities, his vision is dangerous and subversive.
The 50-year-old human rights lawyer and champion of social equality was sentenced to 14 years in jail earlier this month, along with fellow activist and lawyer Ding Jiaxi, who was jailed for 12 years. Both were convicted of the crime of “subversion of state power.”
Xu Zhiyong’s dream is for China to become a democratic country that is “beautiful, free, fair and happy.” It is a simple wish, yet in the eyes of the authorities, his vision is dangerous and subversive.
The 50-year-old human rights lawyer and champion of social equality was sentenced to 14 years in jail earlier this month, along with fellow activist and lawyer Ding Jiaxi, who was jailed for 12 years. Both were convicted of the crime of “subversion of state power.”
Uglybob
Regular
Sounds like CCP Tommy needs some Besanko treatment. Multiple people need to help make his wiki page more accurate and someone needs to dump an old gearbox on his dootstep.
https://jalopnik.com/how-an-aussie-forum-war-ended-in-a-police-visit-5713816
Also, where is Felix, the impotent leader of the DRC while this is all happening? All we seem to see is how limp he has been in ending corruption.
He is a flaccid leader who cares not for his fellow countrymen, but only for keeping himself in his position of power.
https://jalopnik.com/how-an-aussie-forum-war-ended-in-a-police-visit-5713816
Also, where is Felix, the impotent leader of the DRC while this is all happening? All we seem to see is how limp he has been in ending corruption.
He is a flaccid leader who cares not for his fellow countrymen, but only for keeping himself in his position of power.
An interesting thought-assessment
What an imagination
Lithium DRC: DATHCOM/AVZ Minerals in court (CCI) against COMINIERE for their rights to the sale of the 15% to ZIJIN
April 17, 2023Kiki Kienge
By Kiki Kienge
It should be specified above all that it is not for the moment the Congolese State which is brought before Justice by DATHCOM and AVZ Minerals, but the COMINIERE company and its management. In particular that it still has nothing to do with the withdrawal of DATHCOM's operating permit by the DR Congo's ministry of mines, on which Minister Antoinette Kalabayi based her decision-making.
As a reminder, COMINIERE had sold 15% of its shares to the Chinese group, ZIJIN at 33.4400.000 $US, when the real value was 150 million $US according to the report of the Presidency of the Congolese Republic through the General Inspectorate of Finance (IGF).
COMINIERE through its interim Managing Director, Célestin Kibeya claims that his company had informed AVZ Minerals, which owns the pre-emptive rights, by letter and that the latter would have offered only US$15 million for the 15%. But AVZ in a document, demonstrates a subsequent proposal of more or less US$150 million and COMINIERE's participation in the international stock market.
In particular, COMINIERE sold, defying any joint venture agreement, three DATHCOM mining permits, a company under Chinese rights and one of its subsidiaries in the DR Congo, including the current Minister of State, Minister of Territorial Development, Guy Loando Mboyo holds 10% of the shares:
- The PE (Exploitation Permit) 12436 that COMINIERE SA transferred on
07/12/2017 to DATHCOM Mining for exploitation was transferred by the
latter on 07/12/2018 to HONGKONG YISEN which, in turn, transferred it on
05/17/2019 at HONGKONG EXCELLEN MINING INVESTMENT
CONGO SARL. - PE 12449 that COMINIERE SA sold on 07/12/2017 to DATHCOM
Mining SA was sold on 07/12/2018 by the latter to HONGKONG
YISEN. - PE 12450 that COMINIERE SA sold on 07/06/2017 to DATHCOM
Mining SA was sold by the latter to HONGKONG EXCELLEN
MINING INVESTMENT CONGO SARL.
It should be noted that this is even more likely to delay the start of lithium exploitation in Manono, for which the population of Tanganyika is impatiently waiting for the relaunch of their development.
To the government of the DR Congo and if not the direct involvement of the Head of State, Félix Tshisekedi in this file to resolve this situation, the first victim of which will only be the Congolese population in general and that of Tanganyika in particular.
MINERALS LIMITED PRESS RELEASE
Continuation of the legal action to affirm the interests in the Manono project Start of the Cominière arbitration procedure.
AVZ Minerals Limited (ASX: AVZ, OTC: AZZVF) (AVZ or the Company) announces that the Company, through its subsidiaries, and Dathcom Mining SA (Dathcom) have formally commenced arbitration proceedings before the International Court of Arbitration of the International Chamber of Commerce (“ICC”) against La Société Congolaise d'Exploitation Miniere d'Exploitation Miniere (RCCM 14-B-5938) (Cominière) (Cominière Arbitration Proceedings).
The primary purpose of Cominière's arbitration proceedings is to seek various remedies for instances of Cominière's breach of its obligations under the joint venture dated January 27, 2017, as amended from time to time (Dathcom JVA) including statements purporting to confirm Cominière's purported termination of the Dathcom JVA and its purported transfer of part of its interest in Dathcom in violation of the Dathcom JVA, are all null and void.
Cominiere attempted to terminate the Dathcom joint venture without cause and in a manner contrary to its express terms. The Company considers that the conduct of Cominiere is illegal and the Company, in collaboration with Dathcom, will take all necessary measures for the necessary actions to protect the interests of its stakeholders, in particular the people of the Democratic Republic of Congo (DRC). ).
Cominière holds 25% of the share capital of Dathcom. AVZ confirms that it retains legal title to a 75% interest in the Manono project and pre-emption rights greater than 15% on Cominière's 25% interest in the project (noting that Cominière must sell the 10% balances of its 25% interest in the Project to the Government of the DRC as a condition of the award of the mining license). The shareholders of Dathcom (namely Cominière and AVZ, through a subsidiary) are parties to the Dathcom joint venture, and as such, benefit from a preferential right on the proposed sale of shares in Dathcom to third parties. Under the laws of the DRC, a transfer of shares made in violation of such a right of first refusal is null and void.
Félix Tshisekedi with U.S. Secretary of State Mike Pompeo, April 2019
"If I'm impotent, I sure as hell am gonna look impotent"
Old joke - I know.
RHyNO
Regular
Is anyone else screaming at their TV each night as the leading Australian politician decry our need for renewables while knowing full well WE DONT HAVE ENOUGH MINERALS IN THE GROUND OR EVEN IN THE COUNTRY to be able to execute anything like what they are proposing! I’m losing it watching albo sniff his own carbon free farts and twaddle on about environmental responsibility while the LARGEST DEPOSIT ON THE FACE OF THE EARTH. Is getting derailed by corrupt morons and Chinese tacticians, all the while the AUSTRALIAN financial review takes pot shots so one or maybe 2 of its journalists can earn money shorting not just the stock but the FUTURE OF RENEWABLE ENERGY! Australian government needs to get involved heavily and secure this thing for the west. Leave China and it’s mates in the fucking dark ages. You had your chance!
Interesting observation.
Over the last six months or so, when going back through BoD actions I've come to suspect that they have been playing a very long and clever game. Still don't fully understand the continued drilling though.
Without being able to put my finger on any particular salient moment(s), it seems that they have had a fairly obscure plan (obscure here = good) to grind this out as they always knew they would have to.
And yes, that plan has probably evolved and changed over time.
Good plans are flexible and continuously reviewed.
Slow and small increments.
It appears we are entering the end game, though that may take some time to play out.
Not celebrating 'Victory' yet, but the fact that we are still in the game in the 85th minute speaks volumes.
There are a few on SM who appear to be in the loop or at least understand the MO and whose postings help to explain and support these tactics.
Their posts are becoming more pertinent by the day.
Not gonna name names, but I do stand by my criticisms of Jens, DEBOSS etc
And still pissed with Ferguson and AJN
BTW a shout to @JAG and the other twitter warriors.
You know who you are.
LEGENDS
9cardomaha
Regular
See below:
Cominiere's termination of JVA is the key here (it is only the agreement, i jumped the gun yesterday thinking it was the entire JV).
The response by AVZ and disclosure stems from the December 2022 Cominiere letter which details AVZ's alleged breach of agreement from Cominiere view (previously posted on TSE).
Currently, I have confirmation that there is a set of correspondence out there whereby:
1. Cominiere writes to AVZ stating we 'need to talk' or 'show us X/Y' according to the December letter (this is part of the resolution of disputes article in the JVA). Cominiere would have also provided a 60-90 day timeframe for AVZ to respond.
2. AVZ submitted its response to Cominere and I believe there was a meeting held, based on my source.
3. Cominiere deliberated on the contents of the meeting and finally sent another letter to AVZ stating that it was 'unhappy' with the response and enacted the termination clause of the JVA.
4. AVZ, in its right according to the JVA then instigated the ICC case against Cominiere to void this termination because we've fucking done everything by the book.
One thing i confirmed is that Cominiere does not have the authority to just terminate the JVA, so 3 would be considered a raise. In order to terminate the JVA Cominiere needs to officially submit its request to governing bodies (MOP/MOM) they need to approve and the decision needs to be ratified at local DRC court before anything official occurs.AVZ's steps here to directly go to ICC has all but blocked Cominiere's ability to go and submit in the local legal framework, because ICC would supercede any rulings and approval of its request.
I am working on obtaining 1-3 to share with everyone, but the above is what i have been told. Take it or leave it and for the ZJ spies and tommy-twat tinglers on here i will take a leaf out of Jens playbook and say YOU'RE ALL FUCKED.
TLDR: Cominiere do not have the authority to cancel shit, AVZ raising the stakes straight to ICC fucks their process and CKKs scheme with ZJ will be a flop. We will just need to wait - i like the poker analogy, BOD just fucking pushed CKK and his limp dick hand all-in.
Frank
Top 20
Thank you everyone but…..
You Fuxkas seem to know a lot…
It’s amazing what you guys and girls share and how the fuck you get this information some of you
MIND BLOWN….
GLTAH
Cooperation: the United States ready to collaborate with the DRC in the field of military justice
The American diplomat, Lucy Tamlyn, underlined during an exchange this Monday, April 17, 2023 with the Deputy Prime Minister in charge of National Defense, Jean-Pierre Bemba, the possibility of collaboration in the field of justice. military between Washington and Kinshasa.
Lucy Tamlyn took this opportunity to present the support that the Biden government plans to provide to the Democratic Republic of Congo, especially in the field of military justice.
"We have experience in military justice and our discussions with the Deputy Prime Minister were also in this perspective, because it is a mutual interest between our countries," said the American diplomat.
Before adding that "Ambitious projects are to be imagined to make this momentum of cooperation between Kinshasa and Washington effective".
mediacongo
*To Remind,
US International Development Finance Agency intends to boost the electric battery factory project in the DRC
After being received at the US State Department, the Congolese Minister of Industry, Julien Paluku Kahongya, and his colleague from Finance, Nicolas Kazadi, met with the team from the American Agency for International Development Finance (DFC) led by its Executive Director, Scott Nathan.During this strategic meeting, the American financial agency announced that it will support the acceleration of the realization of the pan-African project to establish the first factory for the production of electric battery precursors in the province of Haut-Katanga in the Democratic Republic of Congo.
For the Congolese delegation, this expression of interest from DFC is a cause for satisfaction.
Moreover, representatives of the Congolese government have requested that the American agency also support the establishment of Special Economic Zones in the six (6) industrial areas in the country.
It is worth noting that these meetings took place in the presence of Denis Lecouturier, Kakule Vuko, and Jean-Marie Kanda, respectively the General Director, Deputy General Director, and Administrator of the Congolese Battery Council (CCB).
*Food for thought on the Road to Mining Manono Bro
Cheers
Frank
Last edited:
TDITD
Top 20
This
Also believe that Zijin have lost their rag with CCK (them leaking the audio as a warning shot), he was under orders and as AVZ didn't agree to Zijins no doubt ludicrous terms he pulled the trigger to dissolve the JVA.
Cominiere are literally and I'll add shamelessly just a conduit for Zijin.
This however does place Zijin and Cominiere in an interesting postition as AVZ have gone straight to ICC instead of fannying about with the pathetic Government who would only stall and mess things up further, great move.
Not sure they were expecting and certainly know they will not want this going infront of ICC out in the public for all too see the absolute corruption and vile way global ccp company Zijin do 'business'. Zijin especially are not going to want their dirty deeds exposed on the world stage, so now the pressure gets placed upon the criminals of Zijin and Cominere to come to an agreement before the big reveal. Of course Zijin will continue to delay as much as possible, but that ICC date gets closer with each day passed.
In parallel one hopes that the recently formed IGM (to combat mining fraud and smuggling....I know, I know
) has more teeth than the IGF who caught out MOP and Cominiere but suspiciously bare minimum happened. Even if Manono/Dathcom/Cominiere was first on the IGM list it will take 6-9months for a full investigation, then we hit DRC time on what decade they feel like releasing it and then acting on this with maxmium docility.One thing I'd appreciate someone informing me is how on earth can we still be granted the ML without first sorting this mess out, as I remember one of the reasons given by Antoinette that our ML was taken back was "you boys are not playing nicely".
bloke383
Regular
"Moreover, representatives of the Congolese government have requested that the American agency also support the establishment of Special Economic Zones in the six (6) industrial areas in the country.Cooperation: the United States ready to collaborate with the DRC in the field of military justice
The American diplomat, Lucy Tamlyn, underlined during an exchange this Monday, April 17, 2023 with the Deputy Prime Minister in charge of National Defense, Jean-Pierre Bemba, the possibility of collaboration in the field of justice. military between Washington and Kinshasa.
Lucy Tamlyn took this opportunity to present the support that the Biden government plans to provide to the Democratic Republic of Congo, especially in the field of military justice.
"We have experience in military justice and our discussions with the Deputy Prime Minister were also in this perspective, because it is a mutual interest between our countries," said the American diplomat.
Before adding that "Ambitious projects are to be imagined to make this momentum of cooperation between Kinshasa and Washington effective".
mediacongo
*To Remind,
US International Development Finance Agency intends to boost the electric battery factory project in the DRC
After being received at the US State Department, the Congolese Minister of Industry, Julien Paluku Kahongya, and his colleague from Finance, Nicolas Kazadi, met with the team from the American Agency for International Development Finance (DFC) led by its Executive Director, Scott Nathan.
During this strategic meeting, the American financial agency announced that it will support the acceleration of the realization of the pan-African project to establish the first factory for the production of electric battery precursors in the province of Haut-Katanga in the Democratic Republic of Congo.
For the Congolese delegation, this expression of interest from DFC is a cause for satisfaction.
Moreover, representatives of the Congolese government have requested that the American agency also support the establishment of Special Economic Zones in the six (6) industrial areas in the country.
It is worth noting that these meetings took place in the presence of Denis Lecouturier, Kakule Vuko, and Jean-Marie Kanda, respectively the General Director, Deputy General Director, and Administrator of the Congolese Battery Council (CCB).
View attachment 34505
*Food for thought on the Road to Mining Manono Bro
Cheers
Frank
It is worth noting that these meetings took place in the presence of Denis Lecouturier, Kakule Vuko, and Jean-Marie Kanda, respectively the General Director, Deputy General Director, and Administrator of the Congolese Battery Council (CCB)."
I can't see the Americans agreeing to support the SEZs if Zinjin/China were going to be major beneficiaries by them controlling/owning Manono .
So with Americans confirming their support just last Friday ...the cavalry have arrived .
Thanks Frank !
"It was an opportunity for the Biden administration to reaffirm it's firm determination to really support the materialization of this great project which will change the economies of African countries"
There are people here more qualified than myself to write a compelling case, but here's a link to "Send a Confidential News Tip" to the New York Times. I'm sure the largest lithium deposit in the world being hijacked by Chinese corruption will catch the attention of many Americans and investors. EVs and anything related to them is likely to get a spotlight. Living in the US and happy to faciliate in any way that I can.
TDITD
Top 20
Wonder if any specific metals were discussed, or any specific area, or even company
I remember a Marius fella being over there not too long ago
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