John Reed
Regular
Yes would be interesting to see what those dogs are looking to bring a case up against AVZ ; We all know that disagreements go through a process with the JV ( number of days working it out) , before they are required to be resolved through ICC ; cominiere obviously ignored the ICC term and aimed to go through some brown bag piloted court in lumbumbashi to get the JVA for the 15% knocked.
Zijin likely didn't want to go to ICC; reasoning for delay was conflict of schedule....3 arbitrators..likely zijin got to one of them lmo considering these cases are known months in advance ; so conflict of schedule sounds lame .
ICC case gets delayed; most likely rooted back to zijin as the clock counted down to case day and they knew they’d have little chance ; put the pin into cominiere to cancel JVA and get it done through brown bag court just like they had previously done without AVZ even been present ; AVZ emergence arbitration lodged and pipped cominiere. Seems like cominieres tacked is to get into a dodgy court and get a dodgy decision over the line which then takes time to rectify
The concern for me, is the time it takes to get these arbitration cases to get processed....if there was a faster court other than in the liked of lumbumbashi with a straight judge is welcome that but this is terms would likely prevent ( your second highlighted line) , but ye having icc in the contract terms has obviously had its advantages, but slow as fuck ; Cominieres bank balance certainly isn't in a healthy state and legal fees could quickly clear them out...whats the betting on zijin passing envelopes under the table to weather such fees
There would need to be silent backing from the USA, I think. Because ICC could just be ignored with Zijin and Cong . If Moise Katumbi wins with KabIla as ally in next election, this could be the end of the road. I can’t see Congo escaping the China trap. The elites are like the aristocracy hard to weed out once drunk on thr Chinese kool-aid.
Agree—clearly an adverse action intended to terminate the JVAGetting CAMI to update their website constitutes 'taking any action or taking any steps that would result from the implementation of the termination of the Dathcom JVA and / or the consequences of such termination' imo
But it is probably wise to wait until we hear something official from the company about the fine being in play before launching the counter
What’s shown on CAMI, also means Dathomir and Jin Cheng are not there. RCCM is down however so confirmation not possible right now