AVZ Discussion 2022
- Thread starter GazDix
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Souvlaki? The fat fuck has got to be sick of Chinese by now.
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With Trump positively looming large over African minerals supply, Kobold has partnered with a Vancouver miner in a copper play in Zambia. May be worth a look at a promising early stage prospect:I'll be looking for the next great African opportunity
https://midnightsunmining.com/presentation/
Winenut
GO AVZ!!!!
Massive Rolex sale......
Dave Evans
Regular
I went over my reply to @muks last week and added a few things in this post that hopefully provides something to stay focused on
ICC Decision Against Cominière to Liquidate an Accrued Penalty of €39M in ENG & FRE
https://static1.squarespace.com/sta...de+Courtoisie+de+la+Sentence+Partielle_en.pdf
Page 25 shows the damages of US$9.417billion resulting from Cominiere violating AVZ’s FROR, then illegally terminating the Dathcom joint venture giving the false and implausible reason “not advancing the project fast enough” and the DRC (Ministry of Mines & CAMI) revoking AVZ’s Mining Decree (PR/PE) and granting a PR/PE to Manono Lithium with the equally illegal and implausible reason “due to disagreements between shareholders”
The ‘Damages’ of over US$9.417billion are what is being claimed in the ICSID by AVZ through DLA Piper
To date, AVZ has won all cases against Cominiere before the ICC Court of Arbitration; this recent decision (shown above) by the ICC refuted all claims by Cominiere and ordered Cominiere to pay AVZ penalties of €39million (equal to US$46million or AU$70million); and the DRC has violated the orders handed down by the ICSID to re-establish Dathcom as the holder if PR13359
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Hey Dave thanks very much for reposting that info. I did open and flick through the ICC Partial Award document last week when you were replying to Muks but i pretty much just looked at the damages amounts on page 25.I went over my reply to @muks last week and added a few things in this post that hopefully provides something to stay focused on
ICC Decision Against Cominière to Liquidate an Accrued Penalty of €39M in ENG & FRE
https://static1.squarespace.com/sta...de+Courtoisie+de+la+Sentence+Partielle_en.pdf
Page 25 shows the damages of US$9.417billion resulting from Cominiere violating AVZ’s FROR, then illegally terminating the Dathcom joint venture (due to parties not getting along) and the DRC (Ministry of Mines & CAMI) revoking AVZ’s Mining Decree (PR/PE) and granting a PR/PE to Manono Lithium with the implausible and illegal reason being it took too long for Dathcom to advance the project.
The ‘Damages’ of over US$9.417billion are what is being claimed in the ICSID by AVZ through DLA Piper
To date, the DRC has violated the orders handed down by the ICSID and AVZ has won all cases before the ICC Court of Arbitration and this recent decision (shown above), by the ICC ordered Cominiere to pay AVZ penalties of €39million (equal to US$46million or AU$70million).
In reading your explanation above i came to realise the cases are very closely linked addressing different elements of the same problem
I was just focused on the ICSID when ICC is i think just as important and an integral part of catching all the bad actors in our little drama
Rechnerhand
Regular
Trump: "We're getting, for the United States, a lot of the mineral rights from the Congo as part of it. They're so honored to be here. They never thought they'd be coming."
Reuters:
However, the agreement signed on Friday gives Congo and Rwanda three months to launch a framework "to expand foreign trade and investment derived from regional critical mineral supply chains".
A source familiar with the matter told Reuters on Friday that another agreement on the framework would be signed by the heads of state at a separate White House event at an unspecified time.
Reuters:
However, the agreement signed on Friday gives Congo and Rwanda three months to launch a framework "to expand foreign trade and investment derived from regional critical mineral supply chains".
A source familiar with the matter told Reuters on Friday that another agreement on the framework would be signed by the heads of state at a separate White House event at an unspecified time.
cruiser51
Top 20
Highly likely going to get some cash out of the bank.
Probably buying a private island just in case.
Cyprus does have strong bank secrecy laws that protect client confidentiality.
These laws ensure that financial information is not shared with other states or tax authorities without a court order.
This, combined with the fact that Cyprus is an established offshore financial center, makes it an attractive jurisdiction for those seeking enhanced privacy and confidentiality in their banking arrangements.
Mute22
Regular
ICSID has no power, or authority - but will provide AVZ holders leverage?August old boy putting the boot in over on X
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Am I reading this right?
LiamJohnson
Emerged
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LOCKY82
Regular
August old boy putting the boot in over on X
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Who does this twat think he is? all high and mighty
August old boy putting the boot in over on X
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August is clearly a clueless flog with shit for brains.
While the following (below) refers to the Republic of Congo, rather than the Democratic Republic of Congo (DRC), the principle remains. Both ICC and ICSID have enforcement powers. It takes time, resources and dedication, and even then full restitution is unlikely to be achieved. If push comes to shove, we can apply to seize DRC property and importantly, the income stream associated with their mineral-for-peace mining operations.
French supreme court rules on seizure of Congo properties
The French Court of Cassation has affirmed that a creditor seeking to enforce a €1.7 billion ICC award against the Republic of the Congo can seize a property allegedly housing the private residence of the state’s ambassador to UNESCO but that a Congolese payroll office in France is exempt from...
globalarbitrationreview.com
Unfortunately, the DRC kleptocrats wrote the book on stalling and diversionary tactics designed to frustrate the process. Both ICC and ICSID rejected the DRC’s recent attempts to invoke the sovereign immunity provisions in the preliminary stages of our arbitrations.
Our best option is probably through diplomatic pressure from the Trump administration.
Cheers
F
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Regardless of our potential to squeeze money out of the DRC or not, I don't think thats a path any of us want to go down is it? Ideally there is a middle ground that a western company is willing to come to the table with to extract resources now. Not sure I can mentally handle a 2 year court case followed by 5 years of enforcement orders.While the following (below) refers to the Republic of Congo, rather than the Democratic Republic of Congo (DRC), the principle remains. Both ICC and ICSID have enforcement powers. It takes time, resources and dedication, and even then full restitution is unlikely to be achieved.
French supreme court rules on seizure of Congo properties
The French Court of Cassation has affirmed that a creditor seeking to enforce a €1.7 billion ICC award against the Republic of the Congo can seize a property allegedly housing the private residence of the state’s ambassador to UNESCO but that a Congolese payroll office in France is exempt from...
Unfortunately, the DRC kleptocrats wrote the book on stalling and diversionary tactics designed to frustrate the process. Our best option is probably through diplomatic pressure from the Trump administration.
Cheers
F
Azzler
Top 20
KentCStrait
Regular
Here we go again. August Cohen delivering another sermon from the mount, like he’s sitting inside the ICSID panel and advising the World Bank directly.
He speaks with total conviction—as if anything he’s ever said has actually happened. Just look at his recent track record on the DRC-Rwanda peace deal. First, he said it was definitely happening. Then he backtracked and insisted it wouldn’t. Now? The deal actually happened—signed in Washington on June 27, with U.S. and Qatari mediation. So much for expert insight.
This isn’t a one-off. He constantly shifts narratives to sound like he’s in the know. One minute it’s gospel, the next it’s doom, depending on how the wind’s blowing.
I'll say it again. He's full of shit.
He speaks with total conviction—as if anything he’s ever said has actually happened. Just look at his recent track record on the DRC-Rwanda peace deal. First, he said it was definitely happening. Then he backtracked and insisted it wouldn’t. Now? The deal actually happened—signed in Washington on June 27, with U.S. and Qatari mediation. So much for expert insight.
This isn’t a one-off. He constantly shifts narratives to sound like he’s in the know. One minute it’s gospel, the next it’s doom, depending on how the wind’s blowing.
I'll say it again. He's full of shit.
Yes, collectively we have varying levels of tolerance to delays and frustrations, and have different priorities. I have the greatest respect for those who have hung tough despite extreme personal and financial stress through the past three years of trolls, and institutionalised DRC lies, theft and total disregard for normal behavior.
Let's hope we're in the final stages, and we all get out with a profit and our dreams relatively intact.
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