New article up this morning, trying to explain why the Decree was cancelled/rescinded.
Récemment, AVZ a déposé une demande d’arbitrage CIRDI contre le gouvernement de la RDC au sujet de l’annulation de l’arrêté relatif au permis minier (PE) par le Ministère des Mines, et cet arbitrage a ramené AVZ sous les feux de la rampe. Selon l’arrêté de janvier 2023 du ministère des Mines...
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Whilst I am always cautious and amused by these articles, it is funny to see what sort of things are going to get thrown in to the mix when the other side gets desperate.
It covers:
-It covers the Feasibility study being illegal, because Cominiere didn't approve it.
-It covers AVZ not having the required 40% of capital in the bank account (circa $220m USD)
-It covers the north portion being relinquished potential insider trading with AJN.
-It covers the Feasibility being further illegal regarding the hydroelectric power plan ownership.
It finishes with a strong sentence:
"In light of the above, Dathcom's MOU was withdrawn for reasonable and legitimate reasons, and the ICSID arbitration initiated by AVZ has no future in the face of these facts."