you also stay nice and peaceful for having so many shares 
”
This cunt is relentless in his personal vendetta, hopefully marius/AVZ sues the arse off him soon...
Zijin Mining attacks AVZ’s $1.5m Mihigo deal, ICC hearing delayed
Tom RichardsonMarkets reporter and commentator
Apr 13, 2023 – 2.49pm
Chinese miner Zijin Mining has piled up the pressure on AVZ Minerals by claiming that the latter’s $US1 million ($1.5 million) cash payment to Congo middleman Marius Mihigo is unacceptable and against the rules of the Democratic Republic of Congo’s mining framework.
Marius Mihigo. LinkedIn
The broadside fuels a sprawling barney between Chinese, Australian, and DRC stakeholders over ownership rights to potentially the world’s most valuable untapped lithium project named Manono in the southeast of the resource-rich country.
“The agreement to pay such fees to middleman Mr Mihigo remains shrouded in secrecy and is of great concern to Zijin Mining,” said Chen Chen, a lawyer for Zijin. “The DRC has a comprehensive mining legal framework, which does not require any additional fees or lobbying by agents to obtain a mining licence. This conduct is unacceptable and contrary to Zijin Mining’s philosophy.”
The lawyer said a planned International Chamber of Commerce arbitration hearing in Paris between its legal team and AVZ on April 23 was postponed for unspecified reasons.
On Wednesday, the Australian Securities Exchange suspended AVZ for non-compliance with its listing rules after the former S&P/ASX 200 member said it could not disclose all information to the market. It also claimed it did not disclose Manono ownership disputes in 2021 as they were not material to its operations.
Since The Australian Financial Review reported that Mr Mihigo accepted a $US1 million cash payment from AVZ, the consultant has denied any unacceptable conduct and claimed in London’s Financial Times, French public broadcaster France 24 and DRC media that Zijin was behind an “orchestrated misinformation campaign” to defame him and AVZ.
The proposed Manono lithium and tin mine.
However, Ms Chen rejected these allegations. “As a paid consultant, Mr Mihigo’s comments are inherently biased,” she said. “These slanderous claims have been made without any evidence. Zijin Mining rejects all claims by AVZ and Mr Mihigo.”
Mr Mihigo has complained in public about the reporting of AVZ’s proposed plan to pay him an additional success fee of $US3 million and $US2 million in shares to total $US5 million if the mining licence was awarded.
On June 2, AVZ’s board agreed to hire lawyers DLA Piper to conduct a review of its plan to offer the $US5 million success fee. DLA Piper later advised against agreeing to pay the success fee, which was scrapped.
At the expected ICC hearing later this year, AVZ will seek to have Zijin’s claim to a 15 per cent ownership right in Manono thrown out on the grounds the tribunal has no jurisdiction.
Zijin claims it bought a 15 per cent stake in Manono in November 2021 for $US33.4 million from Congo-state-backed mining body Cominiere. However, AVZ has repeatedly rubbished the claim as “spurious”, with no legal authority.
The Perth-headquartered miner says it still owns 75 per cent of Manono as the 15 per cent transfer is a breach of a joint venture agreement with the vendor Cominiere.
Zijin says its ownership interest was recorded in the Manono project’s public DRC share registry in November 2021 and is legally valid. Ms Chen has again attacked AVZ for seeking to have the registry amended.
“Allegations that AVZ agent, Mr Mihigo, was tasked to alter Dathcom’s business records to remove Zijin Mining’s legal ownership in the joint venture is also of great concern,” she said. “It’s noteworthy this news echoes a past attempt by an AVZ agent to use unlawful means to influence this project and alter records.”
AVZ also faces a legal fight with another joint venture partner named Dathomir and class action lawyers Omni Bridgeway. The Australian miner has repeatedly blamed its problems and 11-month trading halt on hostile third parties.
Zijin Mining attacks AVZ’s $1.5m Mihigo deal, ICC hearing delayed
Zijin Mining says the legal arbitration against AVZ scheduled for April 23 has been postponed, and it has hit out at the Australian miner’s claims against it.www.afr.com
Im Not vouching for he’s year in the DRC mate otherwise he should have know better about bags
Klaus and he’s daughter def know about them IMO..
The clowns at ICC are useless as tits on a bull, fancy taking 12+ months to make a ruling on time sensitive issues.
And these dimwits in DRC want respect, then how about respecting their own laws and getting rid of incompetent, corrupt politicians and public servants.
It's very difficult to respect a bunch of idiots. Show some respect for investors adhering to their own laws instead of treating potential projects like an embezzlement jackpot.
The fucking Chinese are even worse, they hang people in China for corruption but it's encouraged overseas against what they consider inferior peoples who they bully, threaten and blatantly rip off. Cunts.
Get your shit together ICC fuckwits!
Fuck off Tom Richardson arrogant cunt.
OK I think I'm done.
Time for a rum.Happy days!
Finally someone understands me“Huayou you cunts are looking good
Maybe there’s a strategy between Jin Cheng (Zijin) and Huayou as Zijin acquired shares from Huayou in another project in the past (2016) - perhaps they will do that again as it’s been mentioned here previously that they shouldn’t compete against each other
View attachment 34196
CLIENT WORK
Zijin Mining acquires a further 21% interest in La Compagnie Miniere de Musonoie Global SAS from Zhejiang Huayou Cobalt for approximately US$34 million
Fasken
READING TIME1 MINUTE READ
SHARE
Overview
CLIENT
Confidential Client
CLOSED AUGUST 2016
On August 26, 2016, Jin Cheng Mining Limited, a wholly-owned subsidiary of Zijin Mining Group Co., Ltd., acquired a 21% equity and other related interest in La Compagnie Minière de Musonoie Global SAS, from Zhejiang Huayou Cobalt Co., Ltd. for approximately US$34,000,000. La Compagnie Minière de Musonoie Global SAS is a Democratic Republic of Congo based copper mining development company. Following the transaction, Jin Cheng Mining Limited owns 72% of this company. Fasken represented Jin Cheng Mining and Zijin Mining in this transaction with a team that included Michael Boehm, Lei Huang, Daye Kaba, Dan Su and Félix-Olivier Hébert.
I know mate . to be quite truthful I'm more pissed off with myself for wanting to believe all the bulshit/spin from second rate bod fuck me west perth should have given it away. But no one can deny the resource. White gold fever on my behalf. I think we'll end up with some portion of it. But it will definitely not be through good management. Cheers.Im Not vouching for he’s year in the DRC mate otherwise he should have know better about bags
If you take a step back for a moment and put aside our commitment and support of AVZ and try to take an impartial view of this, it's kinda worrying that Australia's supposedly premier financial news publication is being used as a mouthpiece for the Chinese to aid their strategic manoeuvres for control of critical minerals.This cunt is relentless in his personal vendetta, hopefully marius/AVZ sues the arse off him soon...
Zijin Mining attacks AVZ’s $1.5m Mihigo deal, ICC hearing delayed
Tom RichardsonMarkets reporter and commentator
Apr 13, 2023 – 2.49pm
Chinese miner Zijin Mining has piled up the pressure on AVZ Minerals by claiming that the latter’s $US1 million ($1.5 million) cash payment to Congo middleman Marius Mihigo is unacceptable and against the rules of the Democratic Republic of Congo’s mining framework.
Marius Mihigo. LinkedIn
The broadside fuels a sprawling barney between Chinese, Australian, and DRC stakeholders over ownership rights to potentially the world’s most valuable untapped lithium project named Manono in the southeast of the resource-rich country.
“The agreement to pay such fees to middleman Mr Mihigo remains shrouded in secrecy and is of great concern to Zijin Mining,” said Chen Chen, a lawyer for Zijin. “The DRC has a comprehensive mining legal framework, which does not require any additional fees or lobbying by agents to obtain a mining licence. This conduct is unacceptable and contrary to Zijin Mining’s philosophy.”
The lawyer said a planned International Chamber of Commerce arbitration hearing in Paris between its legal team and AVZ on April 23 was postponed for unspecified reasons.
On Wednesday, the Australian Securities Exchange suspended AVZ for non-compliance with its listing rules after the former S&P/ASX 200 member said it could not disclose all information to the market. It also claimed it did not disclose Manono ownership disputes in 2021 as they were not material to its operations.
Since The Australian Financial Review reported that Mr Mihigo accepted a $US1 million cash payment from AVZ, the consultant has denied any unacceptable conduct and claimed in London’s Financial Times, French public broadcaster France 24 and DRC media that Zijin was behind an “orchestrated misinformation campaign” to defame him and AVZ.
The proposed Manono lithium and tin mine.
However, Ms Chen rejected these allegations. “As a paid consultant, Mr Mihigo’s comments are inherently biased,” she said. “These slanderous claims have been made without any evidence. Zijin Mining rejects all claims by AVZ and Mr Mihigo.”
Mr Mihigo has complained in public about the reporting of AVZ’s proposed plan to pay him an additional success fee of $US3 million and $US2 million in shares to total $US5 million if the mining licence was awarded.
On June 2, AVZ’s board agreed to hire lawyers DLA Piper to conduct a review of its plan to offer the $US5 million success fee. DLA Piper later advised against agreeing to pay the success fee, which was scrapped.
At the expected ICC hearing later this year, AVZ will seek to have Zijin’s claim to a 15 per cent ownership right in Manono thrown out on the grounds the tribunal has no jurisdiction.
Zijin claims it bought a 15 per cent stake in Manono in November 2021 for $US33.4 million from Congo-state-backed mining body Cominiere. However, AVZ has repeatedly rubbished the claim as “spurious”, with no legal authority.
The Perth-headquartered miner says it still owns 75 per cent of Manono as the 15 per cent transfer is a breach of a joint venture agreement with the vendor Cominiere.
Zijin says its ownership interest was recorded in the Manono project’s public DRC share registry in November 2021 and is legally valid. Ms Chen has again attacked AVZ for seeking to have the registry amended.
“Allegations that AVZ agent, Mr Mihigo, was tasked to alter Dathcom’s business records to remove Zijin Mining’s legal ownership in the joint venture is also of great concern,” she said. “It’s noteworthy this news echoes a past attempt by an AVZ agent to use unlawful means to influence this project and alter records.”
AVZ also faces a legal fight with another joint venture partner named Dathomir and class action lawyers Omni Bridgeway. The Australian miner has repeatedly blamed its problems and 11-month trading halt on hostile third parties.
Zijin Mining attacks AVZ’s $1.5m Mihigo deal, ICC hearing delayed
Zijin Mining says the legal arbitration against AVZ scheduled for April 23 has been postponed, and it has hit out at the Australian miner’s claims against it.
A lot of the die hard WA based lithium crowd will be spoofing over Tommy's pages. I think he thinks he's preaching to the choir, and that choir are scared of the new competition that will soon be online.
*Fyi, Sounds like "Felix the Cat" will be back for round 2 after December, as
if it takes more than 8 months FT may not be in power or have the ability to do a fucking thing
It's hardly rocket fucking science is it?Finally someone understands me
