No Mate. What I'm referring to is in relation to the North being stolen . Roche Dure is still in play . I should have been more specific . imo
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Wombat,
Lets see what the lay of the land is - lets wait for the ICC and ICSID Rulings are and take it from there.
You dont own are car just because you have stolen it and have the key.
Regards,
SilentOne.
dollarbills
Regular
I have been following August for a while now and have noticed he is a strong supporter of sleepy Biden and anti-trump so be aware of some bias in his political views.
I think he is correct in that Trumps office will be far more aggressive if they believe Manono is a strategic asset. However on the other hand Trump is not very supportive of the electric car industry nor the lithium battery industry. So if it is true that Fatshi is using Manono as leverage then I really hope the current US regime comes to the table soon because if it doesn't then we will be waiting a long time post November for an intervening by the US, if any..
Would love to know what Rio were doing recently... I'm also interested to know if any of the core researchers had any contacts who attended Mining Week and what the general atmosphere was like..
Samus
Top 20
Hopefully the pressure from the various arbitrations force them to do so.
As a shareholder I couldn't give a fuck about the internal or geopolitical factors at this point as long as we get out money out of shit hole DRC.
It just means we'll be flooded with more shit box, ugly and unrefined Chinese cars as those filthy parasites get more of a monopoly on critical minerals.
I won't be buying one regardless, makes me sick seeing them on the roads at this point.
Mate we are just going to have to disagree on this . It needs to be resolved before it goes the full distance in the courts . The whole point of going through the ICSID process is to pressure/encourage Felix to resolve the situation before it goes that far .
Resolved with what leverage?
mass production on 2027 Mmm
The point is does Felix care about ICSID ? If he does he will resolve it before the DRC are found guilty . DRC/Felix already know they will lose at ICSID . The leverage is in the process not the result .
All good, just read your comment as Avz needs resolve it before ICSID/ICC not the Pres.
Azzler
Top 20
Anyone here a subscriber?
www.africaintelligence.com
DRC : Conflict escalates between miners AVZ and Manono Lithium in Tanganyika - 20/06/2024 - Africa Intelligence
The Australian miner is at loggerheads with the joint venture between Cominière and the local subsidiary of Chinese giant Zijin. - 6/20/2024
As much as I agree, I think having Chinese EV on the Aus market keeps the price down for other brands.
There are fields of unsold EVs parked and fading in the Chinese sun.
ICSID has released an in-depth study of compliance and enforcement of ICSID Convention awards. The results show that the vast majority of awards are satisfied through compliance, settlement, or enforcement.
x.com
x.com
I suspect that when the music stops, AVZ will need its arbitral orders enforced. Nobody in the DRC has willingly done the right thing to date, and I can't see them suddenly becoming remorseful and doing the right thing now.
I also suspect that Zijin's millions in bribe monies are long gone, having been converted into a range of Gucci handbags and cases of 1961 Charles & Diana Moet. Good luck getting your money back from your equally corrupt buddies you shit-eating rodents.
Cheers
F
Samus
Top 20
Sweet! some other idiot can buy that shit and we can all get a superior EV from Korea, Europe, Japan or the States at a reasonable price.
I'm boycotting all things Chinese as much as possible after this.
Along with putting max pressure where it's most effective, without doing ourselves irreparable damage - AVZ needs to be on the front foot with envoys etc pushing messages that AVZ:
* is committed to being a highest standard corporate citizen - a model employer, and is compliant with laws/regulations
* pursues fairness/justice (is forward looking and not vengeful)
* works closely with governments - is professional/cooperative
* seeks to maximize returns for DRC and investors
* is an investor in/supporter of local business and community aspirations (incubator)
* remedying the wrongs of Zijin/Cominiere would be a very popular move in DRC/Tanganyika and set a good local/international example of good governance.
We really need for this story to be picked up and run (often) by all the local media in DRC/Tanganyika etc
Comparing the legal operation of a quality business (AVZ) compared to the corruption being fostered through the DRC government/community by Zijin/Cominiere. Remedying the wrongs of Zijin/Cominiere would be the biggest step forward in addressing corruption in the DRC
It would make Felix look good locally/internationally and reinforce the negatives/shame on Zijin/Cominiere.
* is committed to being a highest standard corporate citizen - a model employer, and is compliant with laws/regulations
* pursues fairness/justice (is forward looking and not vengeful)
* works closely with governments - is professional/cooperative
* seeks to maximize returns for DRC and investors
* is an investor in/supporter of local business and community aspirations (incubator)
* remedying the wrongs of Zijin/Cominiere would be a very popular move in DRC/Tanganyika and set a good local/international example of good governance.
We really need for this story to be picked up and run (often) by all the local media in DRC/Tanganyika etc
Comparing the legal operation of a quality business (AVZ) compared to the corruption being fostered through the DRC government/community by Zijin/Cominiere. Remedying the wrongs of Zijin/Cominiere would be the biggest step forward in addressing corruption in the DRC
It would make Felix look good locally/internationally and reinforce the negatives/shame on Zijin/Cominiere.
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DRCAnyone here a subscriber?
DRC : Conflict escalates between miners AVZ and Manono Lithium in Tanganyika - 20/06/2024 - Africa Intelligence
The Australian miner is at loggerheads with the joint venture between Cominière and the local subsidiary of Chinese giant Zijin. - 6/20/2024
Conflict escalates between miners AVZ and Manono Lithium in Tanganyika
Published on 20.06.2024 at 04:40 GMT Reading time 2 minutes
In addition to the arbitration it has launched before the International Chamber of Commerce (ICC) in Paris, Australian mining firm AVZ Minerals has to contend with an increasingly hostile situation on the ground in Manono in Tanganyika Province. The group is at loggerheads with Manono Lithium, the joint venture between state-owned Cominière and the Chinese giant Zijin Mining Group's Congolese subsidiary. The two parties are prospecting for lithium in the same area and have locked horns over the construction of a road.
AVZ claims Manono Lithium began building the road in order to gain easier access to its own concession. The Australian company opposed this encroachment and launched multiple legal proceedings last year, including the ICC arbitration in Paris, to recover its operating permit. The permit was withdrawn in January 2023 by a decree issued by Mines Minister Antoinette N'Samba Kalambayi, who referred at the time to a dispute between shareholders. The dispute began after the break-down in AVZ's partnership with Cominière, which gradually drew closer to the Chinese group, Zijin (AI, 13/12/22).
Manono Lithium may well have designs on AVZ's concession, but it is also facing a number of difficulties. Last May, the deputy governor of Tanganyika Province, Ferdinand Massamba Wa Massamba, suspended the joint venture's activities until further notice. The authorities accused it of failing to submit an environmental impact study, a prerequisite for obtaining a mining permit. But the province's decision did not stop Manono Lithium from moving up a gear. As well as building the road, it is currently constructing a hydroelectric dam on the Lukushi River.
I hope there is such a thing as karma. I'd do a lot for the opportunity to get back at the Chinese and the corrupt officials in the drc. what does make me mad is the apparent lack of support from aus, maybe there is something going on in the background but who knows, I suspect the labour government wouldnt give a shit as it is not on our soil and they're too focused on not upsetting the Chinese.
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