AVZ Discussion 2022

[TheCount]

AVZ is requesting compensation as follows:

1. General Damages: AVZ and its affiliates (GLH and Dathcom) have requested an amount to be determined for damages resulting from the delays in starting the Manono Project due to Cominière's contractual breaches.
2. Specific Claims:
   • USD 6.243 billion to compensate for the complete destruction of the value of the Manono Project.
   • USD 2.081 billion to Dathcom for losses related to the same destruction.
   • USD 1.0935 billion for the breach of AVZ's right of first refusal.
   • USD 394,400 for legal costs incurred in protecting their interests in Congolese courts.
3. Additional Requests:
   • An amount to be determined for reputational damage.
   • Full reimbursement of arbitration costs, attorney fees, and all related expenses.
   • Interest at the French legal rate with anatocism (compound interest) from 15 days after the notification of the award.

I see that list of claims as setting a “takeover price” to anyone sniffing around.

 

[Frank]

Media coverage is crucial. When journalists and influencers cover our story, engaging with and amplifying their work increases the chances they’ll cover us again.

“But I don’t want to make an X account—I can’t stand Musk!” you might say.

In a few months, you might feel differently about him. Make the account.

If you’ve been on the sidelines for the past three years, now is the time to get in the game.

 

[Strongman]

Exhaustive read and yes, the delay tactics is beyond the pale.

This is the reason why ICC / ICSID cases take years to conclude no doubt....

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And not that there was any doubt, Cominiere cant pay.

So how one extracts water out of a stone will be intriguing.

Well Comminiere sure as shit dont have any cash but legally they have still got a 15% share of Dathcom. Through whatever shitfuckery and black magic they created the JV with Shitzin for the North with realigned boundaries and stole our water and camp...including all our cores as well as grabbing the hydro and then issuing themselves a mining licence using the same shitfuckery black magic
I reckon 39 million Euro plus the balance of penalties owed plus reinstating the original boundary and returning the hydro is a fair swap for the 15 % they own. Shitzin can go for their lives in Micaville and we will happily sell to the highest bidder. Celestine can fo f...k himself.

 

[Winenut]

I see that list of claims as setting a “takeover price” to anyone sniffing around.

Yep

When I first saw those numbers my quick mental arithmetic got a nice USD 9 billion number......

or there abouts

 

[Flight996]

"I spoke to Elon, a nice man. A great American. He agrees that $US 9 billion is a big number. It's a beautiful number. It's going to get bigger"

 

[robface]

It looks like Reuters is the leading and most trusted source of news and the Mining Media sourced, then copied and pasted the information from Reuters so Reuters might be the best to try and follow up with.

Specifically the following people who reported and edited the AVZ win

Reporting by Aaditya Govind Rao in Bengaluru; Editing by Vijay Kishore

It’s a pity Sonia Rolley (with her 793 thousand followers) wouldn’t help us. I and others on X tried to draw her attention to our project and the corruption but she never replied

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https://x.com/soniarolley

She did to me, just never followed up. Same with the Mining editor at The Wall St journal.
I've emailed the new editor

peter.stiff@wsj.com

 

[Dazmac66]

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https://x.com/TSECount/status/1900428890700665169

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https://x.com/BenJovi81374403/status/1900467729766973501

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https://x.com/TDITDistaken/status/1900549229854269774

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https://x.com/_smogdaddy/status/1900614213015633988

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https://x.com/mjkcongo/status/1900683910150767025

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https://x.com/DominicFurfaro/status/1900754840734888051

WTF - Cominiere still posting on Twitter. Are they just bat shit crazy or do the believe some sort of deal has been done giving them immunity(Zijin will pay). Also does the fact that Zijin are still working on the power station in complete contradiction to the ICC rulings indicate they know an agreement is happening? Surely they aren't completely stupid!!

 

[Mute22]

WTF - Cominiere still posting on Twitter. Are they just bat shit crazy or do the believe some sort of deal has been done giving them immunity(Zijin will pay). Also the does the fact that Zijin are still working on the power station in complete contradiction to the ICC rulings indicate they know an agreement is happening? Surely they aren't completely stupid!!

Zijin would be 100% pushing to keep the North for any kind of deal.

Completely unacceptable, they can have it if they buy it with our permission. The courts will reflect this and the bill will keep ramping up.

On Cominerie's part, yes - they are just that dumb and arrogant.

 

[Remark]

WTF - Cominiere still posting on Twitter. Are they just bat shit crazy or do the believe some sort of deal has been done giving them immunity(Zijin will pay). Also the does the fact that Zijin are still working on the power station in complete contradiction to the ICC rulings indicate they know an agreement is happening? Surely they aren't completely stupid!!

Never underestimate Cominiere's stupidity Daz

 

[Roon]

Zijin would be 100% pushing to keep the North for any kind of deal.

Completely unacceptable, they can have it if they buy it with our permission. The courts will reflect this and the bill will keep ramping up.

On Cominerie's part, yes - they are just that dumb and arrogant.

I imagine Zijin has given them some kind of reassurance. With their lawyers probably saying don't worry, this is all unenforceable, and if anything happens financially we'll sort you out. I cant see how they could be so blase otherwise

 

[Mute22]

I imagine Zijin has given them some kind of reassurance. With their lawyers probably saying don't worry, this is all unenforceable, and if anything happens financially we'll sort you out. I cant see how they could be so blase otherwise

Part of it would be optics, not everybody especially in the Congo is going to be reading ICSID transcripts.

If they comply in anyway they are admitting a) that they have have given up the operation and b) they respect and will follow ICSID rulings.