I'm with Constantin - ABOUT BLOODY TIME!!
How long are we expected to play nice with the government for? Especially knowing half of the are corrupt. Felix and CO have had over a year to step in and sort this out but have done nothing.
Interesting, so perhaps lodged a few months ago.
Good find.
I'm with Constantin - ABOUT BLOODY TIME!!
How long are we expected to play nice with the government for? Especially knowing half of the are corrupt. Felix and CO have had over a year to step in and sort this out but have done nothing.
Could possibly be. The case was registered today, hence the company must make the announcement.If this was the case and it was lodged a few months ago and then Zijin was removed from the project sometime after lodging, is it possible that the DRC Government's actions to remove Zijin are in response to the case/pressure?
Probably wishful thinking to be honest.
It is Now WinoClearly it's a big news day today.....
It's possible.If this was the case and it was lodged a few months ago and then Zijin was removed from the project sometime after lodging, is it possible that the DRC Government's actions to remove Zijin are in response to the case/pressure?
Probably wishful thinking to be honest.
Interesting, so perhaps lodged a few months ago.
Good find.
The shortest is 3 days so it could have been lodged this week. But my inkling is this process began when 'other foreign embassies in the region, whom jointly share a common interest to support investment transparency in Africa's mining industry' got involved in March. The question now is does Felix want the gringos to honour the MOU for supporting his battery supply chain vision or will he go back to Beijing and get insulted again.Could possibly be. The case was registered today, hence the company must make the announcement.
Excellent find @Carlos Danger
This doesn’t change the progress AVZ may have made recently as the average waiting time is 83 days.
3 days for AVZ? Nah, never going to happen. I am wondering why in this instance we have gone with ICSID Arbitration instead of ICC Arbitration. Your thoughts?The shortest is 3 days so it could have been lodged this week. But my inkling is this process began when 'other foreign embassies in the region, whom jointly share a common interest to support investment transparency in Africa's mining industry' got involved in March. The question now is does Felix want the gringos to honour the MOU for supporting his battery supply chain vision or will he go back to Beijing and get insulted again.
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That was my thinking.for a slightly more positive speculation on this announcement -
Could be that it was actually encouraged by Felix.
Action is against the DRC government. Yes. But that is not a cohesive whole in any way. FT actively trying to change the way the governments operates and reduce corruption. But that's a damn hard job and there's only so many levers he can pull. So instead, he's bringing in an external hammer to smash corrupt actors, and the only way he could give legitimacy to such an external hammer is for something like this to happen - a company to raise a dispute against the government in an international forum.
It's also interesting to note that this action is being brought by AVZI, GLH as well as Dathcom, but no sign of Dathcom's other owners....
EDIT:
Just thinking further, could be that it was encouraged by Felix AND/OR the US/AusEmbassy - A way for international pressure to help push this thing forward, where everything is transparent and China can't play their funny games.
Problem is if you give in a little then next thing you know you've lost it all. All for probably bugger all too.Arrogant BOD. Who signed up for this shit!!! Not me. I signed up for an imminent mining license. I should have the right to sell my shares and rid myself of these wankers and their high self opinion. Sue the government they say! Sue the fucking government! Are you serious Nigel!!!! You’re a fucking geo from Tasmania with 0 concept of politics. Should have accepted zinjin and kept moving forward and Cath deal with their MoU not being honoured because their country men are scum. Fucking Sue the government! These guys are laughing all the way to the bank with our money.
If we commenced this action in April. Why not mention that in the announcement?As with most AVZ Announcements, you need to read a few times….let the emotions settle…..think a little bit deeper…..interpret how it fits into the overall situation. Best done while enjoying an alcoholic beverage or three imo.
I’m with a few others on this one. Probably lodged a few months ago in response to the MoM rescinding the decree and following input from the advisor, DLA and embassies of USA and Aus. It’s an administrative filing that has been accepted and imo intended to put the President and Ministers on Notice that the process has been commenced to get this sorted.
Noise of ZJN withdrawal and Cominiere swapped out and then the submission of ZJN to ICC, which includes Cominiere, could be results of this process being commenced and DRC taking action to rectify.
Good that AVZ commenced this action, likely back in March or April, and has started the clock for President to walk the talk or face the consequences of international community plus damages payout in excess of US $10bil….possibly double that imo.
Imo I think the noise of the last few weeks is a result of this action going on in the background and the DRC working to resolve.
I thought I made it pretty clear why I think this is happening in gringoland haha3 days for AVZ? Nah, never going to happen. I am wondering why in this instance we have gone with ICSID Arbitration instead of ICC Arbitration. Your thoughts?