So, since 5th May 23 AVZ has accumulated ~ 9.8m euro so far, then from 15th Nov 23 it will be an extra 50k/day, or a total of 100k/day. This is how I read the announcement.
AVZ Discussion 2022
- Thread starter GazDix
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9cardomaha
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That's good news, hope this is the catalyst for Zijin to finally give up although don't hold your breath
Withdrawn!
Carlos Danger
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Samus
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LykShares
Breaking News: AVZ Minerals Scores Victory in ICC Arbitration with Cominière
AVZ Minerals Successfully Restraints Cominière in Ongoing ICC Arbitration
In a continued battle against La Congolese D’Exploitation Minière (Cominière), AVZ Minerals is making significant progress. The company has obtained emergency relief and additional updates from the International Chamber of Commerce (ICC) in Paris concerning its joint venture agreement with Dathcom Mining SA (Dathcom). This latest development further solidifies AVZ's position and restrains Cominière from implementing its purported termination.
Imposing Penalty on Cominière
Back in May 2023, AVZ's subsidiaries secured emergency relief from the ICC, ordering Cominière to pay a penalty of €50,000 per day if it attempted to terminate the joint venture agreement with Dathcom. However, despite the initial ruling, Cominière proceeded with its purported termination of the agreement, prompting AVZ's subsidiaries to apply for further emergency relief.
ICC's Decision and Ruling
On November 9, 2023, AVZ's application for additional emergency relief was heard by the ICC. Six days later, on November 15, the ICC emergency arbitrator rendered a favorable decision in AVZ's favor. The ruling outlined the following orders against Cominière:
Cominière must refrain from exploring and exploiting PR 13359 and PR 15775, directly or indirectly, until the ICC tribunal in charge of determining the validity of the termination of the Dathcom joint venture agreement evaluates the matter.
Cominière is obligated to pay a fine of €50,000 per day for any non-compliance with the aforementioned order.
Cominière is responsible for covering the ICC's administrative costs and a portion of the legal costs incurred by AVZ's subsidiaries.
Furthermore, the ICC emergency arbitrator rejected Cominière's request to set aside the emergency order issued on May 5, 2023. Consequently, the daily penalty of €50,000 for non-compliance with the initial emergency order remains in effect, while the new penalty for non-compliance with the latest ruling is now being added.
AVZ's Continued Efforts
AVZ Minerals is pleased with the latest development in the ongoing ICC arbitration proceedings against Cominière. The company remains steadfast in protecting its joint venture agreement with Dathcom and preventing any actions that could jeopardize its interests. AVZ continues to diligently pursue its legal rights and will closely monitor Cominière's conduct moving forward.
Looking Ahead
With the ICC emergency arbitrator's recent ruling and penalties imposed on Cominière, AVZ Minerals is confident in its ability to maintain the integrity of its joint venture agreement with Dathcom. As the arbitration process progresses, AVZ will remain dedicated to securing a favorable outcome and safeguarding its position in the ongoing legal dispute.
In conclusion, AVZ Minerals Limited has effectively restrained Cominière from implementing its purported termination of the joint venture agreement with Dathcom. Through the recent ICC emergency arbitrator ruling and the imposed penalties, AVZ showcases its commitment to upholding its rights and protecting its joint venture interests. The company looks forward to gaining further ground in the ongoing arbitration proceedings and ensuring a fair resolution.
If Cominiere doesn't violate the latest compliance, it's still only $50k per day until ICC tribunal rules the termination of Dathcom JVA invalid/violated. The good news is (from the announcement):
"Among other findings, the ICC emergency arbitrator:
• concluded Cominière had deliberately concealed it had sought and obtained a ruling from the Kalemie High Court in the DRC on 3 May 2023 in respect of the purported dissolution of Dathcom; and
• indicated Cominière’s position on the termination of the Dathcom JVA was seemingly based on an erroneous interpretation of Article 18.3 of the Dathcom JVA."
so, 10 of millions of euro is rolling in AVZ. When will ICC tribunal determine the validation of the termination?
I think it's pretty clear that these corrupt cunts in Cominiere can't read french and/or english. How the heck can they do their job??
Furthermore, the ICC emergency arbitrator rejected Cominière's request to set aside the emergency order issued on May 5, 2023. Consequently, the daily penalty of €50,000 for non-compliance with the initial emergency order remains in effect, while the new penalty for non-compliance with the latest ruling is now being added.
9cardomaha
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Fuck I hope Felix finally comes to the party now, perfect time to announce a major new industry for the DRC with solid partners and a battery conversion link via CATH - if he doesn't we know he is truly corrupt and I am going on a twitter rampage on his election run
A massive FUCK YOU to Cominiere !!
Well done AVZ BOD..........
Are you observing MMGA ?
Are you coming to the AGM ?
Cause ole Beisha is going to put some questions together to blow torch your farken ass........
AGM............6 days to go.
Carlos Danger
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9cardomaha
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what a fucking twat he is.
Edit: i have made contact with MJ Kavanagh at Bloomberg. So tommy can go eat a dick.
Edit: i have made contact with MJ Kavanagh at Bloomberg. So tommy can go eat a dick.
One would think if there is any chance of a Chinese coup here, FIRB would be all over it. If not then I am completely disillusioned.
Dave Evans
Regular
Good time to remind shareholders and FIRB of the Chinese involvement and how they offered Leonard Math and Peter Huljich millions of shares to roll our BOD.
The trouble is, Chinese names weren’t to be mentioned in this, even though Simon Cong and Bin Guo were named by Math as being directly involved.
We also have plenty of evidence that Tommy has colluded with short seller Boatman and Klaus Jerkof to undermine AVZ.
Time for shareholders to email another round of information to FIRB and add Yibin to the list
Chilla
Regular
If Yibin do vote against the BoD but the BoD still succeed...then the CATH TIA is dead and Mr Pei and CATH wont get any offtake.
Would be a very dumb move.
No surprise Yibin were going to vote for MMGA............it was a given.
Largest shareholder tho ?..........7.1%, ............wank !!
HSBC custody nominees are..
Do CATH have voting power ?..............NO, offtake agreement not activated yet, AVZ dont have ML
Just another
From
Tommy.
That being said, if big hitters YIBIN, HUAYOU, LITHIUM PLUS collaborate and vote for MMGA, then its going to be one hell of a cat fight !!
Which its why its vitally important that everyone supports our BOD and vote according to guidelines, big , medium , small share holdings............it all adds up.
Chyna is trying all it can by stealing Manono, before favourable ICC / ICSID rulings slap them in their face............dont let the CUNTS win !
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