Xerof
Have a Cigar 1975
I suggest you read Filthys post a couple of times to fully appreciate what he has said
AVZ Discussion 2022
- Thread starter GazDix
- Start date
I suggest you read Filthys post a couple of times to fully appreciate what he has said
Xerof
Have a Cigar 1975
Another of their publicity pieces, just like the one for the 15% of Dathcom acquisition
They are so full of shit
FilthyRich2
Regular
Go to the ICSID website
Hover on the (i) referred to by
Its not possible to take a screenshot or snipe by me
It indicates that a new Action has been initiated by AVZ recently that is outside the procedural timeline
Hover on the (i) referred to by
9cardomaha
Its not possible to take a screenshot or snipe by me
It indicates that a new Action has been initiated by AVZ recently that is outside the procedural timeline
Thanks
ICC order is against Cominiere not the DRC government. If the DRC government win at the ICSID then Dathcom lose the tenement so that would trump the ICC matters imo
Talk about juxtaposition.....
DRC govt owns 90% of Cominiere, yet ICC emergency arbitration only relates to Cominiere...
ICSID arbitration involves AVZ and DRC govt, yet AVZ states DRC govt is not adverse to AVZ involvement in the Manono project...
One thing is clear regards to the above statement, Cominiere can act independently of DRC govt, which probably answers the question i posed to @netoo_sethi..
"Why hasnt FT objected to this illegal under taking by Cominiere or is he setting up CK to be the fall guy ?"
Yet i ask myself time and again, who the fuck is running DRC apart from China ?
CK or FT ?
fucked if i know.
Attachments
It probably comes under..ICC order is against Cominiere not the DRC government. If the DRC government win at the ICSID then Dathcom lose the tenement so that would trump the ICC matters imo
View attachment 52130
Talk about juxtaposition.....
DRC govt owns 90% of Cominiere, yet ICC emergency arbitration only relates to Cominiere...
ICSID arbitration involves AVZ and DRC govt, yet AVZ states DRC govt is not adverse to AVZ involvement in the Manono project...
One thing is clear regards to the above statement, Cominiere can act independently of DRC govt, which probably answers the question i posed to @netoo_sethi..
"Why hasnt FT objected to this illegal under taking by Cominiere or is he setting up CK to be the fall guy ?"
Yet i ask myself time and again, who the fuck is running DRC apart from China ?
CK or FT ?
fucked if i know.
Keeping things far enough removed, so in case all turns to custard, CKK is under the bus and Felix is a hero.
And in case Cominiere is a winner, Felix does a lap of triumph around the oval with the DRC flag wrapped around his waist and Felix is a winner.
That's what they call win, win.
Felix is very obvious in survival mode.
Yep.......a fair appraisal.
Xerof
Have a Cigar 1975
Hovering over this (1), simply states that the Claimant AVZ, has invoked the DRC Mining Code as the Law under which this case is to be heard, without prejudice and so on. This was invoked at date of registration of the case back in the day. If you were to look at any other pending cases, "hovering" provides the same explanation.
Not sure if this is what @FilthyRich2 is referring to in his post
Bray
Regular
No wonder Zinjin has done so well, fuckwits are alpha male assholes, they don’t give a shit and will get it done.Just went to the Zijin website:
Zijin Mining was invited to lead the exploration and development of the world-class lithium mine Manono Northeast Project
return
2023/10/24 6162
Manono Lithium Mine
This website news On October 23, Zijin Mining obtained the exploration rights for the northeastern Manono lithium project approved by the Ministry of Mines of the Democratic Republic of the Congo. The mine is the world’s largest discovered mine. One of the largest open-pit exploitable lithium-rich LCT (lithium, cesium, tantalum) pegmatite deposits.
Zijin Mining stated that although the Manono Lithium Mine is a "greenfield" project, it is located in a good lithium resource mineralization belt with huge ore prospecting potential. It has the conditions for large-scale open-pit development and good development prospects. Zijin Mining relies on its mature independent geology The prospecting and exploration capabilities are expected to achieve an important breakthrough in the exploration of spodumene pegmatite resources. Zijin Mining will invest sufficient funds and technical support based on actual needs to promote the exploration and development of the project.
It is understood that, following the judgment of the judicial authorities of the Democratic Republic of the Congo and the approval of government agencies, 100% of the exploration rights of the Manono lithium mine No. PR13359 has been returned and registered in the name of COMINIERE (Congolese Mining Development Co., Ltd.). Subsequently, COMINIERE invited the company to cooperate in the exploration and development of the northeastern part of the exploration rights, and the two parties established a joint venture, Manono Lithium Industry.
According to the joint venture agreement, the two parties hold the northeastern part of the exploration right project (No. PR15775 exploration right) through the joint venture Manono Lithium Industry. Zijin Mining holds 61% of the joint venture company through its overseas subsidiary Jinxiang Lithium Industry, and COMINIERE holds 39% equity. The two parties agreed to directly exchange the company's 15% stake in Dathcom for the 61% equity interest in the project company held by Jinxiang Lithium.
The agreement stipulates that Jinxiang Lithium will lead the geological exploration, development, construction and operation management of the project. Previously, Zijin Mining has obtained the development rights of the Mpiana-Mwanga hydropower station near the mining area through public bidding, which will provide sufficient low-carbon power guarantee for the development of the project.
The project plans to complete the project construction as soon as possible within 2 years after the feasibility study and financing plan are determined, and simultaneously build a lithium smelting industrial park. The products will be given priority to downstream enterprises in the Democratic Republic of the Congo in accordance with market-oriented principles. After the project is developed and completed, it will become one of the world's leading lithium production bases and better promote the economic and social development of the Democratic Republic of the Congo.
Zijin Mining actively embraces the new energy revolution and is committed to providing low-carbon mineral raw materials for a better life for mankind. In 2021, it strategically deployed the new energy industry to form the 3Q lithium salt lake in Argentina, the Laguotso Salt Lake lithium mine in Tibet, and Xiangyuan hard rock in Dao County, Hunan. The lithium mine's "two lakes and one mine" pattern controls more than 12.15 million tons of lithium carbonate equivalent, ranking 9th in the world and 3rd in the country. It plans to form a lithium carbonate production capacity of 120,000-150,000 tons in 2025.
Since 2014, Zijin Mining has successively built and put into operation large-scale mines such as the Kolwezi Copper Mine and the Kamoa-Kakula Copper Mine in the Democratic Republic of the Congo, with a cumulative investment of more than US$2 billion and providing more than 6,800 local jobs. Being invited to participate in the project's cooperative exploration and development this time is mainly based on Zijin Mining's efficient construction and operation management capabilities and excellent ESG concepts and practices in the Democratic Republic of the Congo. After the project is developed and completed, it will become one of the world's leading lithium production bases, provide high-quality low-carbon metal raw materials to combat climate change, further promote the economic and social development of the Democratic Republic of the Congo and local communities, and boost Zijin Mining Join the ranks of the world's leading lithium producers.
Thank you very much for the recognition of what Zijin stole, that about 50% of Manono 13359 is worth so much.
It makes it so much more believable to put the real value on the entire project when going for damages.
Several jaws will hit the deck when the damages claim is presented.
Fuck thieving Zijin, they should be kicked out of Australia ASAFP as persona non grata.
We are basically the nerds following the rules getting bullied. They are laughing at us MFs
Looks like everything back to normal.
You only have to wait a week or so before shane has a new alias
CashKing
Regular
Xerof
Have a Cigar 1975
That was the hearing that we had been waiting for, (and did happen - see 9cards many posts about it) from which the Tribunal was to hand down a verdict within 15 days. I think Filthy is alluding to a new development.
Keep watching
I was thinking about this last night. There's not enough information right now but what if, given ICSID procedures take quite a long time, that we had arranged/requested an mediated arbitration to discuss a way to an amicable resolution, but just to get it in the calendar to occur after the emergency orders are posted?
So, if this request doesn't impact the emergency ruling then this could be a masterstroke: get the emergency orders in and approved to fire a shot across the bow of the DRC, highlighting what could be expected to follow should this case proceed to award, and then follow that up with a sit-down sometime early in the New Year to find a mutually acceptable outcome. The old carrot-and-stick perhaps. NF has always said this is about pressuring a resolution, so maybe they think now is the time.
Of course that raises the question of why not just wait for the request until after the emergency orders are approved, so this could be all wrong, and the requested arbitration claim isnt even confirmed yet, but just some food for thought. Could be a very positive development if true, and AVZ had received some indication that a discussion could deliver a favorable result.
So, if this request doesn't impact the emergency ruling then this could be a masterstroke: get the emergency orders in and approved to fire a shot across the bow of the DRC, highlighting what could be expected to follow should this case proceed to award, and then follow that up with a sit-down sometime early in the New Year to find a mutually acceptable outcome. The old carrot-and-stick perhaps. NF has always said this is about pressuring a resolution, so maybe they think now is the time.
Of course that raises the question of why not just wait for the request until after the emergency orders are approved, so this could be all wrong, and the requested arbitration claim isnt even confirmed yet, but just some food for thought. Could be a very positive development if true, and AVZ had received some indication that a discussion could deliver a favorable result.
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Settlement before the hammer comes down ?
We know Zijin are drilling the crap out of the north. What if they know they going to lose it through the courts but want to know what the grounds really hold for negotiations? Would actually benefit us as we know it’s resource rich ( maybe some mica thrown in though hey Nige… )I was thinking about this last night. There's not enough information right now but what if, given ICSID procedures take quite a long time, that we had arranged/requested an mediated arbitration to discuss a way to an amicable resolution, but just to get it in the calendar to occur after the emergency orders are posted?
So, if this request doesn't impact the emergency ruling then this could be a masterstroke: get the emergency orders in and approved to fire a shot across the bow of the DRC, highlighting what could be expected to follow should this case proceed to award, and then follow that up with a sit-down sometime early in the New Year to find a mutually acceptable outcome. The old carrot-and-stick perhaps. NF has always said this is about pressuring a resolution, so maybe they think now is the time.
Of course that raises the question of why not just wait for the request until after the emergency orders are approved, so this could be all wrong, and the requested arbitration claim isnt even confirmed yet, but just some food for thought. Could be a very positive development if true, and AVZ had received some indication that a discussion could deliver a favorable result.
More wishful thinking than anything else but sitting on cruise in NZ gives one plenty of time to drink and think.
With all the shenanigans last 19 months, bit sceptical about this out of the blue meeting before ICSID injunction announced. Wouldn’t be surprised if it’s the DRC just wanting to buy more time so it doesn’t shed any bad light on Felix or new President so close after elections.
Settlement of US$10 per share (after DRC tax) and I will not object.Settlement before the hammer comes down ?
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