I think the theory is that Zijin have openly said they are giving the 15% back. Essentially this being an admission of wrongdoing. Therefore proceeding with arbitration for that 15% would seem counterintuitive.First sentence of the ann?? Company provides an update on the ARBITRATION proceedings before the ICC in Paris.
AVZ have filed its response. Note the word here "FILED ITS RESPONSE".
Which is oh wait, let me do some research here,
cause err umm I need to use my brain
Arbitration - ICC - International Chamber of Commerce
With 12 case management teams across the globe, we stand ready to assist you at any stage of your dispute.iccwbo.org
View attachment 14700
What does that heading say you might ask?
Commencing the ARBITRATION
Responding to the request is Article 5 which we have done and also the last paragraph from the ann, the ICC will now decide whether the tribunal will consist of one or three arbitrator's.
This step is article 12.
View attachment 14701
View attachment 14690
Am I actually a dumb dog? How can one think we aren't at arbitration?
Can you explain why you think we are not arbitration?
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Sammy_da_Smile
Regular
Hey M, yes that's fine and i get that and as I said earlier, if the news is true then Zijjn will have rescind the arbitration request.
One tweet regarding the potential 15% being returned does not magically mean arbitration isn't happening. It would simply mean in due course that the arbitration request will be withdrawn for which it should be.
No doubt the sensible approach to these things. As weāve learnt, sources are hard to trust, even when it appears to be AVZs lawyers. Fingers crossed for clarity soon!
MoneyBags1348
Top 20
Geez, here I am trying to organise getting a Manono board game going. @JAG has gone missing, although I think he reported he was well on the way to drunkeness a few hours ago and all the talk is on arbitration. The ICC informed AVZ of Ziginās actions, AVZ informed the ICC they wanted 3 arbitratorās. The ICC will have to notify AVZ of Ziginās actions as soon as official and then AVZ will have to notify ASX as soon as official because itās price sensitive. So sit back and have an official cone while you wait, geez when has AVZ ever been on time?! By the way, I choose to believe this twitter news, and Iām also choosing to believe it comes straight from Nells. Looks like Iām just going to have to email GameStop to get this board game going
Misfits
Regular
Agree, enough. So much crap on here of late. Good that Fox keeps posting.
Frank
Top 20
*Fyi, re:-The new Sheriff in Town, as*Fyi, Gotta love the new Sheriff in Town, as
Jules Alingete puts GĆ©camines and SNCC in agreement for a financial patrol and prolonged concomitant control
The Inspectorate General of Finance (IGF) does not want to backtrack on its determination to put an end to the predation that has long characterized companies in the state portfolio.
In this sense, the IGF head of service, Jules Alingete, and Victor Batubenga, his deputy, both made the trip to GĆ©camines and the National Railway Company of Congo (SNCC) in the city of Lubumbashi on instructions from the Head of State.
This trip, points out the communication unit of the IGF, was to explain to the trade unionists of GĆ©camine and the SNCC as well as the public representatives of these companies in the portfolio of the State "the deep motivations of the concomitant control called the financial patrol implementation and its objectives".
Invited to speak in the room of GĆ©camines filled like an egg, Jules Alingete explained that the activation of the concomitant control, the financial patrol, follows the ineffectiveness of the control of Management, a posteriori, to put an end to the predation to which public management was subject.
"The financial patrol, provided for by the laws of the Republic, is in no way co-management, but rather a daily control of management acts," he said.
This patrol, he added, is primarily aimed at prioritizing the programming and payment of social benefits due to staff to meet the wishes of the President of the Republic, "the people first".
Then, the monitoring of the benefits due to Public Agents who must respect the legal texts and also the taxation of all suppliers and service providers who do business with public entities.
Finally, the promotion of tax culture by all government enterprises and their business partners.
At the end of the meeting, the trade unionists and representatives praised the merits of the financial patrol.
They believe that all public managers must internalize the implementation of good governance, a vision dear to the Head of State with the support of the IGF, this will thus allow the mobilization of revenue and the country will achieve a substantial budget.
View attachment 14584
Food for thought on the long and winding Dirty, Dusty, Dangerous Road to Mining Manono
GLTAH's
Frank
IGF and Court of Auditors join forces to track down financial offenders
Jules Alingete and Jimmy Munganga champion the good governance advocated by the Head of State.
Both men are determined to hunt down financial ācriminalsā and āunrulyāā¦
The General Inspectorate of Finance -IGF- is committed to the good performance of public finances.
This determination meets that of the Court of Auditors.
Thursday, August 18, the Inspector General Head of Department went to meet the First President of the Court of Auditors, newly installed, to make contact with a view to a promising collaboration in the pursuit of their sovereign objectives.
Jules Alingete and Jimmy Munganga discussed at length their respective missions which converge in several points.
The number 1 of the IGF reassured his host of the determination of his structure to support the Court of Auditors in the a posteriori control of public finances.
The two men also addressed the question of the coordination of control of actions on the ground in order to avoid any overlap likely to interfere with the work of each.
It was also a question of seizing the legal need to transmit the IGF report to the Court of Auditors to see the perpetrators of the embezzlement being prosecuted.
At the end of the hearing, Jules Alingete was full of encouragement towards the Court of Auditors which he considers "revitalized".
According to him, this will make it possible to complete the system provided for by the legislator: the administrative sanction, the judicial sanction of criminal acts and the sanction of the Court of Auditors for mismanagement.
āThe control function is further restored and enhanced.
Public management can gradually be improved with this revitalization of the Court of Auditorsā, rejoiced the cop of public finances, recalling in passing the determination of the President of the Republic to fight against anti-values.
āWe, the control body, must internalize the values that must fight the anti-values, namely: integrity, firmness and competence,ā he continued.
And to conclude: āwe leave with a lot of satisfaction. The predators of our public finances, these criminals, will henceforth be qualified as undisciplined, according to the language of the Court of Auditorsā.
For his part, the First President of the Court of Auditors reassured that his jurisdiction will fully play its role so as not to seize up the public finance management and control machine.
āWhen the Court of Auditors sanctions a manager for mismanagement, he is unworthy of managing public affairs, he is fired.
We will do our job.
It's up to others to do theirs," he suggested.
He then explained the control procedure: āWe carry out our investigations and when we find serious irregularities in the head of a control, we propose precautionary measures which can go as far as revocation.
It is up to the supervisory authority to relay the decision of the Court of Auditors within 5 daysā.
The new head of the Court of Auditors wants to be very determined to "fight against anti-values through judicial control".
As a reminder, the General Inspectorate of Finance is a specialized service attached to the Presidency of the Republic.
A descendant of the Special Corps of Finance Inspectors, the IGF was officially created by Presidential Ordinance on September 15, 1987.
It definitively came under the direct authority of the President of the Republic under the terms of Ordinance No. 09/097 of December 8, 2009.
Its mission is to verify and control all revenues and all expenditures that have an impact on the State budget.
As for the Court of Auditors, it is the supreme institution of control of finances and public goods in DR-Congo.
It is a financial jurisdiction with jurisdiction over the entire national territory.
Its general and permanent power to control the management of finances, assets and accounts of the central government, the province, the decentralized territorial entity and its auxiliary bodies as well as any person governed by public or private law enables it to to judge the accounts of the main public accountants assigning revenue or expenditure.
It ensures compliance with the deadlines for the production of the accounts by the main public accountants assigned.
President FĆ©lix Antoine Tshisekedi calls on the government to prioritize the general interest of the population
The President of the Republic, FĆ©lix Antoine Tshisekedi Tshilombo, called on the government of the Republic to give priority to the general interest of the population, which constitutes the basis of the supervisory power in public enterprises, establishments and public services, during the 65th meeting of the Council of Ministers which he chaired, Friday in person at the City of the African Union, in Kinshasa.
The government spokesman, Minister of Communication and Media, Patrick Muyaya Katembwe, who declared it in the report of the said Council, read on the antennas of the Congolese National Radio Television (RTNC), indicated that the Chief of the State who revealed that in view of the various reports which have reached him on the performance of public enterprises, public establishments and services of the State, urged the members of the government to always give priority to the general interest in the collaboration with the various agents in the management of companies for the good of these companies.
He also revealed that the Head of State returned to the meeting of the 42nd Summit of the Southern African Development Community (SADC) held from August 9 to 17, 2022 in Kinshasa and placed under the theme : āPromote industrialization through the development of minerals and the development of regional value chains in order to achieve inclusive and sustainable economic growthā.
"For President FĆ©lix Antoine Tshisekedi, these meetings helped to reiterate SADC's desire to promote and strengthen socio-economic, political and security cooperation between these Member States as well as to stimulate regional integration with a view to achieve peace, stability and prosperity.
He took as an example, the efforts undertaken with Zambia in the development of minerals for the development of regional value chains through the construction of a factory for the manufacture of lithium-based batteries in the Democratic Republic of Congo", hammered the Minister Muyaya Katembwe.
The government spokesperson also specified that this Summit, which also marked the investiture of President FĆ©lix Antoine Tshisekedi at the head of this regional organization, calls for many responsibilities beyond the great return that the DRC is signing on the international scene since his investiture to the supreme magistracy, adding that the Head of State congratulated and thanked the Congolese people, the government and all the structures that were involved for the success and the good organization of these meetings which allow our country to affirm its vocation of regional leadership.
More Food for thought on who paid who and who got caught
Who got Fat on too many Snacks and who's going to Court
Go get em Jules, Go DRC, Go AVZ, Go Manono
GLTASH's
Cheers
Frank
The Fox
Regular
Well boys and girls, what an interesting 24 hours, how things can turn and turn quickly. Sure there are some outliers to rope and bring in, however the Zijin fiasco is all but dead and buried.
Finally we are at the pointy end of the stick and in coming days more positive information and announcements should follow. Very good chance IMO of announcements and out of suspension by the end of this week, assuming no more delays on the DRC / Cami side of things. Let's see what tomorrow brings.
Good to know big Nigel is now in town (meaning the DRC) ready to accept the ML and attend the signing ceremony.
Cheers The Fox
Finally we are at the pointy end of the stick and in coming days more positive information and announcements should follow. Very good chance IMO of announcements and out of suspension by the end of this week, assuming no more delays on the DRC / Cami side of things. Let's see what tomorrow brings.
Good to know big Nigel is now in town (meaning the DRC) ready to accept the ML and attend the signing ceremony.
Cheers The Fox
The Fox
Regular
PS. Sorry, no word as yet on the Northern section. Frankly, don't care that much as RD has enough Lithium for 100 years.Well boys and girls, what an interesting 24 hours, how things can turn and turn quickly. Sure there are some outliers to rope and bring in, however the Zijin fiasco is all but dead and buried.
Finally we are at the pointy end of the stick and in coming days more positive information and announcements should follow. Very good chance IMO of announcements and out of suspension by the end of this week, assuming no more delays on the DRC / Cami side of things. Let's see what tomorrow brings.
Good to know big Nigel is now in town (meaning the DRC) ready to accept the ML and attend the signing ceremony.
Cheers The Fox
The Fox
Regular
Cheers Big Ears.
Funny thing is that you get a bit of news and for what ever reason it changes, then changes again and again. I've cracked the champagne a few times in the last couple of months only to be advised, Oh, there's a delay, oh there's another issue to sort out, so I have been very hesitant to say much.Only days ago the feedback on the ground was so confident and forthright that I felt confident of sharing some info. I likely got the same intel that Nellie did a couple of weeks ago when it was expected Zijin was dust, but thought it best to keep my powder dry a little longer just in case the timeline blows out again, and it did.
As I've said before, Nellie was on the money at that time as there was significant confidence around major announcements being made in AVZ's favour a week and a half ago.
The video of Zijin's capitulation was almost a week ago BTW, thats how long it takes for these things to come out sometimes. So in short, it takes more time then expected (obviously) for things to flow through not just to the public but to Cami and the Ministry of Mines to organise issuance of surface rights and payment, and a signing ceremony etc, all of which is out of AVZ's hands timeline wise.
High confidence that later this week AVZ is out of suspension with a bunch of positive announcements.
Cheers The Fox
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bloke383
Regular
I don't think Nigel would want that much talk from our lawyers until everything is signed , sealed , & delivered via ASX announcements
Make sense
oxxa23
Regular
along with possibly laying low and letting the DRC govt take the limelight on the corruption clean out... nigel knows better than to even remotely resemble stealing the thunder from a govt...
he's (frustratingly) shown this whole time he can play the patient, low key game...
Skar
Regular
You gotta wonder if this TH hasn't been a godsend for him not having to worry about announcing every thing he is working away on in the background, under the guise of letting things take their due course... he can get everything done, leaky ships not detrimental & share price cant be messed with, then drop the news once its all sorted... if we have an ML, FID, SEZ, possible new BFS with an upscaled 10 Mtpa mine... then transport sorted the railroad and two ships was it? whatever multi jurisdictional agreements and collaboration on battery council... its all rumour but there has been some very interesting chatter around here and the other place (thanks for the conversion table too).
Nellie17
Regular
In my opinion, let's get RD sorted as in the mining licence etc, which as you said Fox should be very very soon, and then we get CDL sorted out.PS. Sorry, no word as yet on the Northern section. Frankly, don't care that much as RD has enough Lithium for 100 years.
Cheers,
Nells
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