AVZ Discussion 2022

[JAG]

Is anyone able to comment on the link below. It was just posted on the crapper. Dated 4 October 2022. Is it another claim against Manono or has this already been dealt with?

Congo's Supreme Court dismisses rival claim over AVZ's Manono lithium project​

AVZ Minerals Ltd. said May 8 that the Democratic Republic of Congo's Supreme Court of Justice dismissed a claim over the Manono project by previous license holder Manono Minerals Sarl.
The company signed a US$6 million deal in early February to acquire a 60% interest in the Manono lithium-tin-tantalum mine.
AVZ expects to receive a report from its legal advisers in Congo by the end of the week and to settle the acquisition May 21, it said.
In an April 6 release, AVZ said it applied to the Supreme Court of Western Australia to have a separate claim, which was filed by Mauritius-registered MMCS Strategic 1, permanently stayed.
In early March, MMCS Strategic 1 claimed that the cancellation of a license at Manono by the Congo Mining Registry in 2016 was invalid.
The company said it expects a hearing for the application to get the proceedings permanently stayed in two to three months.

 

[MoneyBags1348]

Congo's Supreme Court dismisses rival claim over AVZ's Manono lithium project​

AVZ Minerals Ltd. said May 8 that the Democratic Republic of Congo's Supreme Court of Justice dismissed a claim over the Manono project by previous license holder Manono Minerals Sarl.
The company signed a US$6 million deal in early February to acquire a 60% interest in the Manono lithium-tin-tantalum mine.
AVZ expects to receive a report from its legal advisers in Congo by the end of the week and to settle the acquisition May 21, it said.
In an April 6 release, AVZ said it applied to the Supreme Court of Western Australia to have a separate claim, which was filed by Mauritius-registered MMCS Strategic 1, permanently stayed.
In early March, MMCS Strategic 1 claimed that the cancellation of a license at Manono by the Congo Mining Registry in 2016 was invalid.
The company said it expects a hearing for the application to get the proceedings permanently stayed in two to three months.

Was also referred to the ICC in 2019…. Status pending:

Jus Mundi - Search Engine for International Law and Arbitration

Jus Mundi provides intelligent research tools for international arbitration lawyers. Rely on the most comprehensive and up to date international law resource on the market.

jusmundi.com

 

[JAG]

Mauritius-registered private resources investment firm MMCS Strategic 1 has filed a writ in the Supreme Court of Western Australia to end a dispute between itself and Australian-listed junior resources company AVZ Minerals.

MMCS is seeking a declaration in regard to its legal ownership rights of the mining licence covering the Manono and Kitotolo lithium deposits in the DRC.

Amsterdam & Partners and cross-border transaction specialist law firm Clifford Chance have prepared the application to contest the claim by AVZ Minerals that it has entered into a transaction to acquire a 60% interest in the Manono project area, which effectively covers the licence area held by MMCS.


MMCS is a 68% direct shareholder in Manono Minerals, a JV between it and the DRC government-owned Cominière, which holds mining permit PE 12202 covering the Manono and Kitotolo deposits in the Katanga province.

According to the claim, in 2016 the DRC Ministry of Mines unlawfully revoked mining permit PE 12202 and issued a new permit covering the same area to a separate joint venture led by AVZ Minerals and also involving Cominière.

MMCS acted promptly to appeal the unlawful revocation of its Manono licence and this remains subject to proceedings in the administrative section of the DRC Supreme Court of Justice. Under DRC law, when an appeal is brought in relation to the revocation of a mining permit, the permit is deemed to remain valid until the appeal proceedings are concluded.

Nevertheless, AVZ Minerals has proceeded to publicly inform shareholders of its acquisition of this licence, which is being challenged by MMCS.

MMCS notified AVZ Minerals on 10 February 2017 that there are pre-existing claims over the Manono and Kitotolo lithium deposits. Subsequent to that notification, AVZ Minerals released a notice of a shareholder meeting and Manono due diligence update, which stated “the company has established a presence on site at Manono with a group of technical and support contractors” in preparation for planned drilling and sampling activity that had been previously delayed due to ground conditions.

AVZ Minerals also told the market it “is negotiating an extension to the previously agreed 60-day due diligence period with its joint venture partners” in regard to its acquisition terms and that “the company’s DRC legal adviser has commenced a review of legal matters including the validity of title in relation to the Manono project”, but the company’s JV partner (Cominière) had made standard representations and warranties with respect to the validity of title.

The shareholder meeting called by AVZ Minerals for 6 April 2017 will seek approval of several resolutions, including the terms of the proposed acquisition of the Manono project, the details of the up to $5 million in capital the company is seeking to raise for the acquisition and development of the Manono project, and the issue of facilitation shares to recently appointed executive chairman Klaus Eckhof.

Parties to the proposed acquisition are AVZ Minerals (60%), Cominière (30%) and Dathomir Mining Resources (10%).

MMCS will seek confirmation from the Supreme Court of Western Australia as to the ongoing validity of its existing licence. MMCS and its legal counsel consider the circumstances and events that led to the purported revocation of mining permit PE 12202 as highly unusual and exacerbated by the subsequent grant of rights over the same area to a new JV involving common parties. The WA Supreme Court is deemed to have jurisdiction given the fact AVZ Minerals is domiciled in Australia.

MMCS may pursue a number of avenues to explore legal remedies within local and international courts to enforce its existing rights over mining permit PE 12202 and to protect its intellectual property rights in regard to the Manono project, which is a high priority given the announcement that AVZ Minerals has commenced activities on the ground in the DRC, said the company.

Since the joint venture between MMCS and Cominière started in September 2013, MMCS has spent a total of $9 million on advancing the Manono project, including pre-feasibility study analysis and development of a local corporate social responsibility initiative.

 

[JAG]

 

[MoneyBags1348]

Is anyone able to comment on the link below. It was just posted on the crapper. Dated 4 October 2022. Is it another claim against Manono or has this already been dealt with?

Here’s another link you can try Tonster:

MMCS Strategic 1 v. Cominière | Investment Arbitration Reporter

www.iareporter.com

 

[MoneyBags1348]

This link should give you all the current information on @tonster66 post:

Public Notice of Manono Lithium Rights Ownership – Amsterdam & Partners LLP

amsterdamandpartners.com

PUBLIC NOTICE OF MANONO LITHIUM RIGHTS OWNERSHIP

4 October 2022

This public notice is addressed to all parties who claim interests in Manono Project in the Democratic Republic of Congo including:

AVZ Minerals Limited

Level 2, 1 Walker Avenue West

Perth, WA 6005 Australia

Zijin Mining Group Co., Ltd.

Zijin Tower, Zijin Road

Shanghang, Longyan

Fujian Province, China 364200

Suzhou Tianhua Times New Energy Industry Investment Co Limited

Room 3201, Building 1, Constellation Business Plaza, No. 269, Wangdun Road,

Suzhou Industrial Park, Pilot Free Trade Zone, Suzhou,

Jiangsu province, China

Cominière, SA

Av colonel EBEYA, N°56

Building Bon Coin-Apartment N°8

Commune of Gombe Kinshasa/DRC

Dathomir International Corporation

Independence Avenue, PO Box 903

Victoria, Mahé

Republic of the Seychelles

Jin Cheng Mining Company Limited

For the attention of Huang Xiaohong

Vistra Corporate Services Centre

Wickhams Cay II

Road Town Tortola

VG 1110 Hong Kong

British Virgin Islands

Cong Mao Huai (Simon Cong)

Min Guo Wei (Zhejiang Huayou Cobalt Ltd/Sino-DRC Sicomines JV)

Klaus Eckhof

Zoe Kabila

Guy Luando

And all other non-transparent intermediaries, are hereby notified:

This law firm acts for MMCS Strategic 1 (“MMCS”) with respect to the unlawful expropriation of license PE 12202 by the Government of the Democratic Republic of Congo (“DRC”). This license allows for the exploitation of a mineral deposit in the Manono and Kitotolo regions (the “Manono Project”).

Since this illegal raid was engaged against them in 2016, MMCS has continuously asserted its ownership over Manono through public statements, commercial arbitration, and through direct correspondence. Various groups have claimed ownership over Manono, attempting to benefit or assert control over it in that time. Take notice that until such time as our rights have been vindicated MMCS possesses true, full and proper title to the Manono.

 

[M.Bison]

This is mining Home & Away style. What an absolute fucking mess.
MMCS spent 9 mill in what? 7 years? And got part way through a PFS. Give me a break. Greed standing in the way of progress. Sad

 

[JAG]

Didn't want to post this but.......

https://theboatmancapital.com/wp-content/uploads/2021/06/Boatman-Report-on-AVZ-Minerals-July-2019.pdf

 

[wombat74]

This link should give you all the current information on @tonster66 post:

Public Notice of Manono Lithium Rights Ownership – Amsterdam & Partners LLP

amsterdamandpartners.com

PUBLIC NOTICE OF MANONO LITHIUM RIGHTS OWNERSHIP

4 October 2022

This public notice is addressed to all parties who claim interests in Manono Project in the Democratic Republic of Congo including:

AVZ Minerals Limited

Level 2, 1 Walker Avenue West

Perth, WA 6005 Australia

Zijin Mining Group Co., Ltd.

Zijin Tower, Zijin Road

Shanghang, Longyan

Fujian Province, China 364200

Suzhou Tianhua Times New Energy Industry Investment Co Limited

Room 3201, Building 1, Constellation Business Plaza, No. 269, Wangdun Road,

Suzhou Industrial Park, Pilot Free Trade Zone, Suzhou,

Jiangsu province, China

Cominière, SA

Av colonel EBEYA, N°56

Building Bon Coin-Apartment N°8

Commune of Gombe Kinshasa/DRC

Dathomir International Corporation

Independence Avenue, PO Box 903

Victoria, Mahé

Republic of the Seychelles

Jin Cheng Mining Company Limited

For the attention of Huang Xiaohong

Vistra Corporate Services Centre

Wickhams Cay II

Road Town Tortola

VG 1110 Hong Kong

British Virgin Islands

Cong Mao Huai (Simon Cong)

Min Guo Wei (Zhejiang Huayou Cobalt Ltd/Sino-DRC Sicomines JV)

Klaus Eckhof

Zoe Kabila

Guy Luando

And all other non-transparent intermediaries, are hereby notified:

This law firm acts for MMCS Strategic 1 (“MMCS”) with respect to the unlawful expropriation of license PE 12202 by the Government of the Democratic Republic of Congo (“DRC”). This license allows for the exploitation of a mineral deposit in the Manono and Kitotolo regions (the “Manono Project”).

Since this illegal raid was engaged against them in 2016, MMCS has continuously asserted its ownership over Manono through public statements, commercial arbitration, and through direct correspondence. Various groups have claimed ownership over Manono, attempting to benefit or assert control over it in that time. Take notice that until such time as our rights have been vindicated MMCS possesses true, full and proper title to the Manono.

I thought we had already dealt with this MMCS sh1t?

 

[Bonsoir]

I thought we had already dealt with this MMCS sh1t?

Who the fuck else is going to pop up and lay claim to Manono ???

 

[ChrisU]

Bin Guo, Shidai Hiving dragons, Ningde era....FMD, just use one nic ffs, this blatant multi nicking is like having to visit and endure a never ending dissocial / Bipolar Disorder meeting session, whilst they think everyones also a fool.

View attachment 19660

M

absolutely no idea what you’re talking about.

I’m here to discuss the stock.

 

[MoneyBags1348]

Coincidence I was only reading that the other day @JAG

I knew we had dealt with this in the WA Court @Winenut

Even though I have been scathing of management’s timing of the Roadshow Presentation as well as their communications, I believe it’s time to look beyond that and fully support the management team given all the bullshit and worms that are coming out of the woodwork.

I don’t think it would be a bad idea to email the Company Secretary with some positive comments regarding and enquiring what is happening at the highest level…. With Felix

 

[JAG]

Well, sorry in advance for my first rant but quite frankly I have had a fuckin guts full of this shit right now!

The AGM and RS (if they go ahead) are going to be absolute fuckin blinders and should not be missed. I can guarantee there will be fireworks!

As holders we have every right to call an extraordinary meeting with board (those with more shares have more pulling power for this) to get some fucking clear answers from the BOD who right now are sucking up thousands of dollars a months in payments for doing fuck all! Those here that have in the millions should be calling for this EM.

Oh, it's close, oh it's coming, oh get the champagne...fuck this shit. People can only take so much before they explode.

Nigel, get me $3 a share MF! Sell the fucking lot or get the ML now!

Rant over.......I'm cracking the bourbon

 

[Winenut]

You really get the feeling this shit is never going to end

If they haven't even put the MMCS issue to bed regarding PE 12202 in 6 fucking years how the fuck are we ever going to have our ML awarded with regard to PE 13359 during my remaining time on this planet????

Sort of even puts a TO offer out of the picture

Who would look to take over something where the principle asset is a current tenement whos provenance and validity at it's very core is being legally disputed?

Fuck me

It's really becoming rabbit out of a hat shit rather then a considered investment in a world significant resource

Not being negative but definitely painfully realistic

 

[ChrisU]

Mauritius-registered private resources investment firm MMCS Strategic 1 has filed a writ in the Supreme Court of Western Australia to end a dispute between itself and Australian-listed junior resources company AVZ Minerals.

MMCS is seeking a declaration in regard to its legal ownership rights of the mining licence covering the Manono and Kitotolo lithium deposits in the DRC.

Amsterdam & Partners and cross-border transaction specialist law firm Clifford Chance have prepared the application to contest the claim by AVZ Minerals that it has entered into a transaction to acquire a 60% interest in the Manono project area, which effectively covers the licence area held by MMCS.


MMCS is a 68% direct shareholder in Manono Minerals, a JV between it and the DRC government-owned Cominière, which holds mining permit PE 12202 covering the Manono and Kitotolo deposits in the Katanga province.

According to the claim, in 2016 the DRC Ministry of Mines unlawfully revoked mining permit PE 12202 and issued a new permit covering the same area to a separate joint venture led by AVZ Minerals and also involving Cominière.

MMCS acted promptly to appeal the unlawful revocation of its Manono licence and this remains subject to proceedings in the administrative section of the DRC Supreme Court of Justice. Under DRC law, when an appeal is brought in relation to the revocation of a mining permit, the permit is deemed to remain valid until the appeal proceedings are concluded.

Nevertheless, AVZ Minerals has proceeded to publicly inform shareholders of its acquisition of this licence, which is being challenged by MMCS.

MMCS notified AVZ Minerals on 10 February 2017 that there are pre-existing claims over the Manono and Kitotolo lithium deposits. Subsequent to that notification, AVZ Minerals released a notice of a shareholder meeting and Manono due diligence update, which stated “the company has established a presence on site at Manono with a group of technical and support contractors” in preparation for planned drilling and sampling activity that had been previously delayed due to ground conditions.

AVZ Minerals also told the market it “is negotiating an extension to the previously agreed 60-day due diligence period with its joint venture partners” in regard to its acquisition terms and that “the company’s DRC legal adviser has commenced a review of legal matters including the validity of title in relation to the Manono project”, but the company’s JV partner (Cominière) had made standard representations and warranties with respect to the validity of title.

The shareholder meeting called by AVZ Minerals for 6 April 2017 will seek approval of several resolutions, including the terms of the proposed acquisition of the Manono project, the details of the up to $5 million in capital the company is seeking to raise for the acquisition and development of the Manono project, and the issue of facilitation shares to recently appointed executive chairman Klaus Eckhof.

Parties to the proposed acquisition are AVZ Minerals (60%), Cominière (30%) and Dathomir Mining Resources (10%).

MMCS will seek confirmation from the Supreme Court of Western Australia as to the ongoing validity of its existing licence. MMCS and its legal counsel consider the circumstances and events that led to the purported revocation of mining permit PE 12202 as highly unusual and exacerbated by the subsequent grant of rights over the same area to a new JV involving common parties. The WA Supreme Court is deemed to have jurisdiction given the fact AVZ Minerals is domiciled in Australia.

MMCS may pursue a number of avenues to explore legal remedies within local and international courts to enforce its existing rights over mining permit PE 12202 and to protect its intellectual property rights in regard to the Manono project, which is a high priority given the announcement that AVZ Minerals has commenced activities on the ground in the DRC, said the company.

Since the joint venture between MMCS and Cominière started in September 2013, MMCS has spent a total of $9 million on advancing the Manono project, including pre-feasibility study analysis and development of a local corporate social responsibility initiative.

Honestly posting this gives it oxygen.

 

[JAG]

Honestly posting this gives it oxygen.

FUCK OFF PRICK!

 

[Charbella]

This is just a public notice, nothing more. Why are we giving air to this rubbish?
Then again, we shouldn't expect anything less. Everyone wants a piece of “the largest global undeveloped hard rock lithium deposit.”

 

[Winenut]

You really get the feeling this shit is never going to end

If they haven't even put the MMCS issue to bed regarding PE 12202 in 6 fucking years how the fuck are we ever going to have our ML awarded with regard to PE 13359 during my remaining time on this planet????

Sort of even puts a TO offer out of the picture

Who would look to take over something where the principle asset is a current tenement whos provenance and validity at it's very core is being legally disputed?

Fuck me

It's really becoming rabbit out of a hat shit rather then a considered investment in a world significant resource

Not being negative but definitely painfully realistic

Guess I'll have to go back and try and sort through the mounds of shit that's probably been piled on top of and around this PE 12202 issue to try and decipher any truths.....if there are any???

Fuck me

 

[ChrisU]

Guess I'll have to go back and try and sort through the mounds of shit that's probably been piled on top of and around this PE 12202 issue to try and decipher any truths.....if there are any???

Fuck me

MMCS can make as many notice of claims they like.
It has no bearing.

 

[ChrisU]

Didn't want to post this but.......

https://theboatmancapital.com/wp-content/uploads/2021/06/Boatman-Report-on-AVZ-Minerals-July-2019.pdf

And what was the corresponding effect on share price?

You really don’t need to give it oxygen