The only source we have so far is a Chinese owned news outlet that is only quoting Zijin's lawyers and hasn't provided a copy of the decision or offered a right of reply to AVZ. They said this was announced by Zijin but there is nothing on their English website so far that I can see. But it would be an extremely strange thing for them to fake this story and given Tommy's retraction of the words 'bad news' in his tweet today my spidey senses tell me something good has happened.
Hopefully we get an announcement with more detail imminently as indicated last week. The key detail is the reasoning given by the ICC. But we wanted it thrown out on jurisdiction and Zijin didn't so chances are they just got fucking pineappled. As for the idea that they could then go back through the back alley DRC court system I would imagine that will be 'spurious and without merit'. It certainly isn't in the Dathcom JVA and isn't working out well so far for Cominiere and Dathomir imo
As far as I understand, In the Dathcom JV between AVZ, Dathomir and Cominière it states clearly that any disagreement between the JV partners has to be resolved by the ICC.
Jin Chen illegally bought 15% of Dathcom and thinking they were now a Dathcom JV partner raced to the ICC to complain about AVZ, because AVZ simply did not recognise them as a JV partner.
So if the ICC says to Jin Chen: sorry guys, we cannot discuss your problem, it actually means Jin Chen is not a JV partner.
However the Chinese kunties kept on playing this game, while they knew they had bucklies to win it, to drag the case and AVZ finances out.
At the same time Zijin made the illegal deal with Cominière to first remove Dathcom from 13359 followed by splitting 13359 up and Zijin acquired 61% of the northern section, which included the water resource, the camp AVZ built, the library of all the drilling cores ond on top of that they progressed with the revamp of the MP power station to make sure that AVZ was properly and royally fucked over.
DRC/Cominiere is now claiming AVZ did not progress fast enough, however AVZ could not move forwards without a Mining License, which the MoM and cohorts very nicely did not provide, because AVZ is not in a situation to hand out brown paper bags.
Australian registered companies who partake in that type of activities can be penalised in Australia. Most Australian companies have it written in their Code of Conduct.
How this will progress is interesting, but AVZ legal reps have always said Zijin, Cominierie, Dathomir and DRC Government officials are operating in contravention of DRC law.
To this point AVZ has not been proven wrong.
Go AVZ fukkin GO!