AVZ Discussion 2022

[tolate]

Maybe management, need to read this article to keep updated with the newsand whats happening in the DRC...imo....LMAO

https://www.scmp.com/business/commo...ijin-start-producing-lithium-congo-early-2026

Just a few major developments by ZINJIN progress with the MANONO project..!!

Zijin is “in full compliance” with all legal and regulatory requirements in Congo, the spokesperson said. “We are very pleased to have received the Manono exploitation permit and our priority now is to proceed with developing it,” the spokesperson said.

While the joint venture will begin by manufacturing and exporting lithium concentrate and sulphate, Zijin will consider doing additional refining in Manono when there is a reliable power supply, the spokesperson said. A subsidiary has already rehabilitated a nearby hydroelectric facility

 

[BRICK]

trollbegone

 

[Remark]

trollbegone

@Zeebot bringing his A game now!

 

[Xerof]

@Zeebot bringing his A game now!

It's still only tribal reporting. The shit stain lurks, posts, we report in sufficient numbers,

posts go:

but the shit stain remains

 

[cruiser51]

 

[cruiser51]

 

[wombat74]

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"The future of the Manono project will largely depend on the outcome of the arbitration."

"If Zijin win........"

 

[Jazz]

https://www.news.com.au/technology/motoring/us-blacklists-chinese-battery-giant-catl-for-china-military-links/news-story/8cbec9432147d7c35ce1c04efb364589

 

[Mute22]

Fuck me, can't we fast track this to the courts already?

 

[Winenut]

Welcome to the fucked-up merry-go-round....

 

[Skar]

Fuck me, can't we fast track this to the courts already?

View attachment 75426

Didn't AVZ have a summary ruling from ICC to halt any development or reallocation or the mining rights until the disputes are settled or did that exclude the carved out portion zijin plan to exploit?

You gotta think if court decisions go our way, a settlement offer will be fourth coming. Question is then, how much does DRC tax, creditors get paid and finally investors get back.... if we lose or dissolve before a final judgement, we get nothing.

Or do people see it different?

 

[Roon]

Fuck me, can't we fast track this to the courts already?

View attachment 75426

I can't see any further steps being undertaken in the ICSID process until the payments are made. I thought they were meant to have been done by now, but the ICSID site still suggests otherwise. Pile the pressure on and pay it Nigel! As long as we have access to the required funds it should've been paid, according to his statements made at the AGM. Perhaps it's already happened and the site just hasn't been updated, however it's previously seemed to be updated basically immediately upon developments.

 

[Mute22]

I can't see any further steps being undertaken in the ICSID process until the payments are made. I thought they were meant to have been done by now, but the ICSID site still suggests otherwise. Pile the pressure on and pay it Nigel! As long as we have access to the required funds it should've been paid, according to his statements made at the AGM. Perhaps it's already happened and the site just hasn't been updated, however it's previously seemed to be updated basically immediately upon developments.

I am sure they are still pretending they will 'come to the table' to string this along as long as possible, 'Just another month Nigel, no need to get the ICSID involved!, why pay the fees, we can work this out'

I don't envy Nigel having to see through the BS.

 

[whales]

"The future of the Manono project will largely depend on the outcome of the arbitration."

"If Zijin win........"

Zijin announces to Bloomberg ?
Commencement of mining.
Does not make any sense to announce this to Bloomberg knowing they have to go to court and are totally in the wrong.?
Unless a deal has been agreed between AVZ and DRC.
Otherwise this is fuel for the lawyers .

 

[cruiser51]

Zijin announces to Bloomberg ?
Commencement of mining.
Does not make any sense to announce this to Bloomberg knowing they have to go to court and are totally in the wrong.?
Unless a deal has been agreed between AVZ and DRC.
Otherwise this is fuel for the lawyers .

I don't know how up to date Google maps are but at the bottom of the Manono satellite map it states 2025.
According to the maps Zijin will have to pump a bit of water before they can start building their mine, or they need digging machines on floaties.
1st quarter 2026 is only 12 months away.

Maybe the statement was made as part of pressuring certain parties, or legal proceedings.

 

[JNRB]

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"the success of this project could serve as a model for other similar initiatives in Africa."

The model being to:
let western companies do all the work and then sell the project out from under them to the Chinese?
Or
Let the western companies do all the work and then force them to go through years of international arbitration to justify getting to retain their rights?

Neither of these seem like particularly good models for developing Africa.....



Another thought -

Many here have speculated that if Zijin wants the rescouce so bad they should just make an offer and buy it out from AVZ.

Is there anything that would stop them from doing that AFTER the award of damages? What i wonder is, are they happily going through the process with the intent of either 1. AVZ folds, or 2. The total damages award is used to put a ceiling price in what they would pay for AVZ.

Ie:
all cases go in our favour, we get awarded $X billion in damages, and THEN zijin comes along and says "ok you can continue fighting to get at MOST this $XB and it will take you years of more drama to get it all, - OR - we will buy your whole company now for 50% of $XB?

 

[Retrobyte]

Breaking news .... https://www.news.com.au/technology/...s/news-story/8cbec9432147d7c35ce1c04efb364589

 

[tolate]

Breaking news .... https://www.news.com.au/technology/motoring/us-blacklists-chinese-battery-giant-catl-for-china-military-links/news-story/8cbec9432147d7c35ce1c04efb36458
https://www.theaustralian.com.au/sp...business-has-been-looking-for/?obOrigUrl=true
https://www.theaustralian.com.au/sp...business-has-been-looking-for/?obOrigUrl=true

Is this the same chinese CATL that NIGEL brought into AVZ as investors..??

The United States Department of Defence has added Chinese battery manufacturing giant Contemporary Amperex Technology (CATL) to its list of companies linked to China’s military.

 

[cruiser51]

"the success of this project could serve as a model for other similar initiatives in Africa."

The model being to:
let western companies do all the work and then sell the project out from under them to the Chinese?
Or
Let the western companies do all the work and then force them to go through years of international arbitration to justify getting to retain their rights?

Neither of these seem like particularly good models for developing Africa.....



Another thought -

Many here have speculated that if Zijin wants the rescouce so bad they should just make an offer and buy it out from AVZ.

Is there anything that would stop them from doing that AFTER the award of damages? What i wonder is, are they happily going through the process with the intent of either 1. AVZ folds, or 2. The total damages award is used to put a ceiling price in what they would pay for AVZ.

Ie:
all cases go in our favour, we get awarded $X billion in damages, and THEN zijin comes along and says "ok you can continue fighting to get at MOST this $XB and it will take you years of more drama to get it all, - OR - we will buy your whole company now for 50% of $XB?

What is Zijin going to do with all that lithium, if CATL is being told to go and fuck themself?

 

[JNRB]

What is Zijin going to do with all that lithium, if CATL is being told to go and fuck themself?

US telling CATL to go fk themselves.
Not sure what impact that will have on the rest of the world. CATL/China will still have plenty of fun though decimating Europe's vehicle production capacity.