AVZ Discussion 2022
- Thread starter GazDix
- Start date
Holy Clowns
What and when is the next domino going to topple?that is astute of you.
Cominiere is shitting all colours of the rainbow, he forgot in a report you write the conclusions at the end. Franck kindly explained that to him.
Franck was also so kind to explain to the bloody looser that the looser pays part, or entire cost of the winner (in this case Cominiere pays 90% of AVZ's cost).
I dunno at what stage Zijin throws CKK under the bus.
Dijon101
Regular
Dijon101
Regular
Need you to step up your creative game and add a few more choice adjectives please lol
Next chapter in the AVZ story is due also
#FuckMMGAcorruptColonLickingParasiteRiddenBullshitSpewingCokeHeads
DiscoDanNZ
Regular
Samus
Top 20
DRC: AVZ suffers a heavy defeat in ICC emergency arbitration (Tribune)
Published
10 seconds ago
we
November 16, 2023
Tribune-On November 16, 2023, according to the latest information, within the framework of ICC emergency arbitration No. 27720/SP (AVZ v. Cominiere), of which AVZ is so proud, the emergency arbitrator rendered his decision :
(1) to refuse to order the payment of a penalty of 22 million euros;(2) to significantly reduce the period of validity of its first injunction, and the injunction will expire immediately after the constitution of the final arbitral tribunal;
(3) to reject all other requests from AVZ, including that of tripling the amount of the penalty from €50,000/day to €150,000/day.
It is clear that the court made the right decision in removing the " advantage " claimed by AVZ after being informed of the numerous facts that AVZ had violated DRC law, breached the JV contract and hindered the development of the Manono mine for seven years.
The ICC court made significant changes from the May 2023 injunction.
It is understood that Cominière remains determined to pursue its challenge at the appropriate time and to have an arbitral tribunal formed to defend the interests of the State and its population in the arbitration, and the commercial production as soon as possible of the mine. Manono.
E.M.
RDC : AVZ subit une lourde défaite dans l’arbitrage d’urgence CCI (Tribune)
Tribune-Le 16 novembre 2023, selon les dernières informations, dans le cadre de l’arbitrage d’urgence CCI n° 27720/SP (AVZ contre Cominiere), dont AVZ est si fière, l’arbitre d’urgence a rendu sa décision : (1) de refuser d’ordonner le paiement d’une pénalité de 22 millions d’euros ; (2) de...
zoom-eco.net
DRC: AVZ suffers a heavy defeat in ICC emergency arbitration (Tribune)
Published
10 seconds ago
we
November 16, 2023
Tribune-On November 16, 2023, according to the latest information, within the framework of ICC emergency arbitration No. 27720/SP (AVZ v. Cominiere), of which AVZ is so proud, the emergency arbitrator rendered his decision :
(1) to refuse to order the payment of a penalty of 22 million euros;
(2) to significantly reduce the period of validity of its first injunction, and the injunction will expire immediately after the constitution of the final arbitral tribunal;
(3) to reject all other requests from AVZ, including that of tripling the amount of the penalty from €50,000/day to €150,000/day.
It is clear that the court made the right decision in removing the " advantage " claimed by AVZ after being informed of the numerous facts that AVZ had violated DRC law, breached the JV contract and hindered the development of the Manono mine for seven years.
The ICC court made significant changes from the May 2023 injunction.
It is understood that Cominière remains determined to pursue its challenge at the appropriate time and to have an arbitral tribunal formed to defend the interests of the State and its population in the arbitration, and the commercial production as soon as possible of the mine. Manono.
E.M.
RDC : AVZ subit une lourde défaite dans l’arbitrage d’urgence CCI (Tribune)
Tribune-Le 16 novembre 2023, selon les dernières informations, dans le cadre de l’arbitrage d’urgence CCI n° 27720/SP (AVZ contre Cominiere), dont AVZ est si fière, l’arbitre d’urgence a rendu sa décision : (1) de refuser d’ordonner le paiement d’une pénalité de 22 millions d’euros ; (2) de...
Ahhh the shit fuckery continues…
I look forward to AVZ’s ann of the verdict. Will read much different I reckon.
I wonder what time Tommy the Twats article comes out reiterating the above?
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Bin59
Regular
Steve Wembi
@wembi_steve
2h
#DRC: The United States will consider adopting measures, including visa restrictions and other measures, against people violating democracy in the DRC. This could include electoral fraud, corruption, the repression of peaceful demonstrations by force or intimidation of voters, or the violation of human rights in the DRC. The Congolese people deserve to choose their own leaders freely according to a credible and transparent process.
Nov 16, 2023 · 4:07 PM UTC
@wembi_steve
2h
#DRC: The United States will consider adopting measures, including visa restrictions and other measures, against people violating democracy in the DRC. This could include electoral fraud, corruption, the repression of peaceful demonstrations by force or intimidation of voters, or the violation of human rights in the DRC. The Congolese people deserve to choose their own leaders freely according to a credible and transparent process.
Nov 16, 2023 · 4:07 PM UTC
Samus
Top 20
The morons at Cominière seem to be trying to paint their loss as a victory, as corrected by Franck here:
In summary: 1) the arbitrator refused the request to pay a fine of 22 million euros. 2) considerably reduced the scope of its first injunction: Before: this until the delivery of the final award on the merits
That's it. Post the prescription here to prove what you say. It has 62 pages. Otherwise, it confirms the first order securing the Dathcom License until the end of the procedure. A legal victory for AVZ and not the opposite.
Bin59
Regular
Document IGF ; bradages et don des parts de l’État Congolais (COMINIERE SA) dans DATHCOM aux Chinois de ZIJIN et DATHOMIR - Kongo Presse
La cession des 15% des parts sociales de la COMINIERE dans DATHCOM Mining à ZIJIN Mining a été effectuée en violation des dispositions légales sur le désengagement de l’Etat des entreprises du Portefeuille et a causé, au regard des évaluations faites dans l’étude de faisabilité, un manque à...
kongopress.com
"15% of the Congolese people's shares of lithium sold and 5% offered"
NEWSECONOMY
IGF document; sales and donation of the shares of the Congolese State (COMINIERE SA) in DATHCOM to the Chinese of ZIJIN and DATHOMIR
November 16, 2023Kiki Kienge
By Kiki Kienge
The challenge of the Congolese lithium deposit of Manono in the province of Tanganyika, in addition to being a matter of the country's development, lithium remains a standoff in international geopolitics on strategic minerals between the Western and Eastern bloc, but especially in DR Congo wolves are devoured for the interests of individuals.
In Australia, the waves continue to shake the waters, AVZ MINERALS the Perth group that has invested everything for the certification and valorization of the Congolese lithium deposit, sees a small group of its shareholders candidates for the management of the group, want and even be in contact with the Chinese of ZIJIN for an agreement on the exploitation of lithium in DR Congo.
But an alliance between AVZ MINERALS and ZIJIN advocated by the small group of AVZ shareholders, would not be in the interest of the shareholders of the Australian group, nor of the Congolese population and companies that risk losing the subcontracting market, that Chinese companies including ZIJIN already in DR Congo never cede to the Congolese as required by the law of the country of Lumumba.
As on the Russian mountains, between the sales of the shares of the joint venture DATHCOM SA, the decisions of the Congolese government and the positions of the leaders of the COMINIERE (Congolese state company), let's say it more Camelonic than referring to the joint venture contract signed with the majority partner, AVZ MINERALS.
The COMINIERE, which has already sold almost the majority of its permits through contracts that often do not go in the interests of the Congolese people and the coffers of the Congolese State, has recently found itself under the projectiles of the General Inspectorate of Finance (IGF), the body of the Presidency of the Congolese Republic, by the report of its investigation into the transfer of the shares of the Congolese taxpayer.
The IGF's control mission at the COMINIERE focused on the three points;
- The sale of the 15% of COMINIERE to ZIJIN Mining: The sale of the 15% of COMINIERE's shares in DATHCOM Mining to ZIJIN Mining was carried out in violation of the legal provisions on the withdrawal of the State of the companies in the Portfolio and caused, in view of the assessments made in the feasibility study, a significant shortfall for the Public Treasury valued at USD 116,560,000.00 (US dollars one hundred and sixteen million five hundred and sixty thousand). It was a real sale of the state's mining heritage for which you assume responsibility.
- The price of the sale of the 15% of the shares of the Congolese State: Of the total amount of the proceeds of the sale of the 15% of the shares which amounts to USD 33,4400,000.00 (U.S. dollars thirty-three million four hundred and forty thousand), you have already used about USD 6,800,000.00 (US dollars six million eight hundred thousand) for operating needs at the expense of productive investments, including USD 5,438,198.00 (U.S. dollars five million four hundred and thirty-eight thousand one hundred and ninety-eight) for commissions, snacks, fees, exceptional remuneration of all those who would have contributed to the operation.
- A free (free) donation of the 5% of DATHCOM SA's shares to DATHCOM by COMINIERE SA: The presumed free and provisional transfer of 5% of COMINIERE's shares in DATHCOM Mining to DATHOMIR Mining Sarl, but only with regard to the transfer contract, was final and irrevocable without the income from the transfer being traced back to COMINIERE.
- The mission also noted the following facts:
The inability of the Managing Director ai. to provide the management data of the company DATHCOM MINING SA in which COMINIERE SA is a shareholder;
> The effective non-representATION of COMINIERE SA in the management bodies of DATHCOM MINING SA;
> The allocation to external partners of juicy shares in joint ventures without them providing proof of guarantee of promised financial contributions;
> The absence of legal provisions that can justify COMINIERE SA being satisfied with 30% of the shares in the Joint Ventures;
> The violation, by the Partners of COMINIERE SA, of the contractual provisions prohibiting them from transferring their shares before the date of commercial production without giving rise to any reaction on your part;
> The choice of consultants FOCUS PLAIDOIRIE, Alpha BUSINESS COMPANY and Association des mandats des mines et carrières, by mutual agreement in violation of public procurement legislation;
> The transfer of research permits without payment of the transfer price to the COMINIERE while the transfer contract provides for it;
> Illegal transfers of Mining Securities by Transferees to the detriment of COMINIERE SA;
> The irregular modification of the Operating Permit by your MMR partner in the SEGMAL Joint Venture in defiance of the interests of COMINIERE SA, but with your complicity.
Interested in your thoughts on this 9card(and others), is this a softening from the tribunal? Mixed signals?that is astute of you.
Retrobyte
Hates a beer
They think they're French
Dave Evans
Regular
Winebags
Did he give you the mantle ?
Was @Winenut worthy of taking the Mantle back Cashy? Worthy of a mention perhaps
But the actual Mantle 
Perhaps TITS needs to weigh in on that
New AVZ announcement just dropped
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Cumquat Cap
Regular
So just to confirm, it is now 100K euro per day whilst they are acting against the file - that's alot of skrilla for a piss poor organisation like Cominiere
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