AVZ Discussion 2022

[DiscoDanNZ]

Greetings all, I hope all you mad bastards still have or haven't got your sanity. I got busy a while back and didn't get on here for a few days so decided to keep it rolling and take a little mental health/stress break from AVZ to focus on work and life. Also to pretend it didn't even exist in the hope that would cause something to happen... Obviously that didn't change anything...

So for around a month I have put zero effort into keeping up with goings on and I definitely don't intend on reading back through the pages. Lets see if I'm up to speed - Nothings changed, we still may or may not be fucked and the Chinese are still corrupt and trying all angles of bullshit? Hopefully I'm up to speed...

Moral of the story seems to be we, the company and the DRC don't know shit about fuck.

Now time for some Simpsons memes.

Zijin Mining sues the $1.5 million agreement signed between AVZ and Marius Mihigo

View attachment 34278

Chinese miner Zijin Mining has ratcheted up the pressure on AVZ Minerals by claiming the latter's US$1 million ($1.5 million) cash payment to Congolese middleman Marius Mihigo is unacceptable and contrary to the rules of the mining framework of the Democratic Republic of the Congo.

The rant fuels a sprawling standoff between Chinese, Australian and Congolese stakeholders over the ownership rights of the world's potentially most valuable untapped lithium project in Manono, southeastern Democratic Republic of Congo. .

"The agreement to pay such fees to intermediary Mr. Mihigo remains shrouded in secrecy and is of serious concern to Zijin Mining," said Chen Chen, Zijin's attorney.

“The DRC has a comprehensive legal framework for mining, which does not require additional fees or lobbying by agents to obtain a mining license.

This behavior is unacceptable and contrary to the philosophy of Zijin Mining,” he added.

The lawyer said an International Chamber of Commerce arbitration hearing scheduled in Paris between his legal team and AVZ on April 23 has been postponed for unspecified reasons.

Meanwhile, the Australian Securities Exchange has suspended AVZ for failing to comply with its listing rules, after the former S&P/ASX 200 member said it was unable to disclose full information to the market. .

The company also said it did not disclose Manono's ownership disputes in 2021 because they were not material to its business.

Towards an open conflict?

Since the Australian Financial Review reported that Mr Mihigo had accepted a US$1 million cash payment from AVZ, the consultant has denied any unacceptable conduct and claimed in the Financial Times of London, French public broadcaster France 24 and DRC media that Zijin was behind an "orchestrated disinformation campaign" aimed at defaming him and AVZ.

It is recalled that Mihigo publicly complained about the release of AVZ's plan to pay him an additional success bonus of US$3 million and US$2 million in stock, for a total of US$5 million. , if the mining license was granted.

On June 2, AVZ's board of directors agreed to hire law firm DLA Piper to conduct a review of its plan to offer the $5 million success bonus.

DLA Piper later advised against agreeing to pay the success bonus, which was dropped.

At the TCC hearing later this year, AVZ will seek to have Zijin's claim for a 15% ownership interest in Manono dismissed, on the grounds that the court lacks jurisdiction.

Zijin says it bought a 15% stake in Manono in November 2021 for US$33.4 million from Congolese state-backed mining body Cominiere.

However, AVZ has repeatedly denied this claim, calling it "misleading" and not backed by any legal authority.

The Perth-based mining company says it still owns 75% of Manono, with the transfer of 15% breaching the joint venture agreement with seller Cominiere.

mediacongo


Let's remember their track record.

Here are some examples of the negative impact the company has had:

Toxic Spills: In 2010, a tailings dam at Zijin's copper mine in Fujian province collapsed, causing 2,000 tons of toxic waste to spill into a nearby river.

The incident resulted in severe environmental damage and widespread protests from local residents.

Human Rights Violations:

In 2015, Zijin Mining was accused of violating the rights of workers at its copper mine in Tibet.

According to a report by Human Rights Watch, workers were subjected to forced labor, long working hours, and dangerous working conditions.

Illegal Mining: In 2016, Zijin was found to be operating an illegal gold mine in Indonesia.

The company was fined $5.2 million and ordered to cease operations at the mine.

Wildlife Destruction: In 2018, Zijin was accused of causing significant damage to a protected wetland area in Papua New Guinea.

The company had been granted a permit to conduct exploration activities in the area, but local residents and environmental groups claimed that the company had caused significant damage to the ecosystem.

Controversial Investments: Zijin has also faced criticism for its investments in controversial projects, such as the Porgera gold mine in Papua New Guinea, which has been accused of human rights abuses and environmental destruction.

*Thanks to Kenton on the Crapper for that

Food for thought

Cheers

Frank

Really makes you wonder if they've paid so much in brown paper baggies that they will just never stop in an attempt to recoup some funds?

Here's Zijin Manono strategy team meeting with the DRC brown paper bag committee:

Interesting choice of wording from AFR article today.

A potential International Chamber of Commerce dispute hearing between AVZ and a rival Chinese miner scheduled for April 23 has also been postponed for unspecified reasons, fuelling speculation there is some movement towards resolving the issue.

I think we should file potential in a sub category under imminent.

.....yep!

View attachment 34275

See above about knowing shit about fuck

In other news not related to AVZ I'm off to see Jane's Addiction and The Smashing Pumpkins tonight, when I started writing this post I promised Simpsons meme's but as I started replying I couldn't find as many references as I thought I would so:

 

[Sammy_da_Smile]

Hey @Bin59 , any chance you are able to share where the Minister Meeting minutes are held? I thought I had a link but I don't see anything from this year.

Cheers

 

[cruiser51]

And who exactly do they sue ….. Tommy’s article yesterday where Zijin piped up about the consultation fees which AVZ are paying to Marius ( which were already looked at by DLA Piper ) …. Pretty shortly after that, the $1.6m paid to Madam Lisette Kabanga for the swindling of 15% in Dathcom was lobbed back over the wall by Marius ….

I’ve heard of figures of in between $80-100m in brown bags which have already been paid out by those acting on behalf of Zijin / Zijin in order to get some Manono pie at all cost …. I reckon a list of names and details are ready to be placed on the table in front of Zijin when they are finally ready to see them … they probably would have gotten a sneak peak at ICC if it hadn’t gotten delayed for ‘unspecified reasons’

Having 3M to lobby on AVZ's behave is a complete legal activity.

Ethical lobbying is a legitimate activity and an important part of the democratic process.
Lobbyists can help individuals and organisations communicate their views on matters of public interest to the government and opposition and, in doing so, improve outcomes for the community as a whole.

AVZ did the right thing they obtained legal advice how to go about it.


I think there is something else behind the noise of Zijin, they are simply trying to make 3M's work impossible by saying it is illegal, which is bullshit.
Also by making this noise they are hoping people forget about their illegal activities, or make them look less serious. Like a smoke screen.

If this is all Zijin can come up with, it could well be true that they don't want to go through arbitration and look like what they are, just common criminals operating under the cover of darkness.

Zijin, being a state company and therefore implicating mother China, is about to lose face big time on the international stage.
Not a great thing for China, there highly likely will be consequences in China.
China will take this pretty serious, because at the end of the day it shines a very shitty light on China's way of operating abroad.
It will be hard to just sweep this under the carpet and carry on business as usual, sorry, it was just a silly mistake by some minors.

Don't forget the blackmail letter of the chairman of Zijin about the proposal to gain access to 71% of Manono north implicates him in a not to misunderstand way.
Not only was it extremely stupid for him to write that letter and sign it (I would have asked the coffee lady to write and sign it, so I could throw her under the bus, if required), but it implicated him the boss of Zijin, a state owned company, in blackmail.


Zijin, included Tommy the twat, must be now pissed off that AVZ is in suspension from the ASX and don't disclose anything, until this case is over.

So Zijin's actions comes under attempting to sling mud and hope it sticks, because it is all they can do.

If Zijin was able to delay the ICC for unspecified reasons, one would have to question the impartiality of the ICC.
I don't think the ICC would throw their status in the gutter just for corrupt Zijin, because it would be the end of the ICC in Paris.
Just sacking a couple of lawyers for corrupt action would not stop the ICC in Paris losing their status and ability to operate impartial.

Just my thoughts.

Fuk Zijin and Tommy the moron.

 

[Bin59]

Hey @Bin59 , any chance you are able to share where the Minister Meeting minutes are held? I thought I had a link but I don't see anything from this year.

Cheers

Here you go @Sammy_da_Smile, they’ve been moved to the RTNC website, I haven’t found the written version, but you’ll see there is a video version - I just watch them there using auto translate.

LA RTNC | La Radio Télé Nationale Congolaise

Votre voix, vecteur de l'unité nationale

rtnc.cd

 

[TUHTZ002]

As investors can we legally start a defamation lawsuit against AFR and Tom Richardson? Any lawyers in this forum who can comment on how viable is this.

 

[Mickyb64]

Having 3M to lobby on AVZ's behave is a complete legal activity.

Ethical lobbying is a legitimate activity and an important part of the democratic process.
Lobbyists can help individuals and organisations communicate their views on matters of public interest to the government and opposition and, in doing so, improve outcomes for the community as a whole.

AVZ did the right thing they obtained legal advice how to go about it.


I think there is something else behind the noise of Zijin, they are simply trying to make 3M's work impossible by saying it is illegal, which is bullshit.
Also by making this noise they are hoping people forget about their illegal activities, or make them look less serious. Like a smoke screen.

If this is all Zijin can come up with, it could well be true that they don't want to go through arbitration and look like what they are, just common criminals operating under the cover of darkness.

Zijin, being a state company and therefore implicating mother China, is about to lose face big time on the international stage.
Not a great thing for China, there highly likely will be consequences in China.
China will take this pretty serious, because at the end of the day it shines a very shitty light on China's way of operating abroad.
It will be hard to just sweep this under the carpet and carry on business as usual, sorry, it was just a silly mistake by some minors.

Don't forget the blackmail letter of the chairman of Zijin about the proposal to gain access to 71% of Manono north implicates him in a not to misunderstand way.
Not only was it extremely stupid for him to write that letter and sign it (I would have asked the coffee lady to write and sign it, so I could throw her under the bus, if required), but it implicated him the boss of Zijin, a state owned company, in blackmail.


Zijin, included Tommy the twat, must be now pissed off that AVZ is in suspension from the ASX and don't disclose anything, until this case is over.

So Zijin's actions comes under attempting to sling mud and hope it sticks, because it is all they can do.

If Zijin was able to delay the ICC for unspecified reasons, one would have to question the impartiality of the ICC.
I don't think the ICC would throw their status in the gutter just for corrupt Zijin, because it would be the end of the ICC in Paris.
Just sacking a couple of lawyers for corrupt action would not stop the ICC in Paris losing their status and ability to operate impartial.

Just my thoughts.

Fuk Zijin and Tommy the moron.

I can't see the ICC throwing their reputation in the bin for the sake of Zinjin or the DRC. The arbitrators would be incredibly well paid. The size of the brown paper bag Z would need to carry the cash would be off the charts.

 

[Flight996]

I can't see the ICC throwing their reputation in the bin for the sake of Zinjin or the DRC. The arbitrators would be incredibly well paid. The size of the brown paper bag Z would need to carry the cash would be off the charts.

Agreed, and the whole reason for going to the ICC in Paris is to (1) develop a binding agreement that cannot be appealed or corrupted, and (2) exclude corrupt DRC officials and other entities (China in particular) from interfering in the process.

I'm wondering if the negotiating parties have not yet reached an agreed position they can bring to the ICC for ratification, and need a bit more time.

Just thinking out aloud.

Cheers
F

 

[cruiser51]

Kiki Kienge
#Tshibangu refers to the presumptions of the article of @FinancialReview of @tommyr345, when @AvzMinerals and
@MariusMihigo confirmed the non-existence of the contract and payment?
Can he confirm corruption?
Does he accuse $AVZ of envoy @fastandfiry who is not the leader of AVZ?


Marius Mushagalusa Mihigo
Mills Tshibangu works unofficially for Celestin Kibeya, he seeks to create a controversy as a diversion to forget the suspicions of embezzlement of 2,060,000 USD which weigh on his boss. It should not be given importance. He has no credibility

 

[Thaz]

As investors can we legally start a defamation lawsuit against AFR and Tom Richardson? Any lawyers in this forum who can comment on how viable is this.

Not a lawyer. But defamation case would mean that your personal reputation would need to be damaged.

Companies, in itself, generally from what I have read, cannot launch a defamation case.

 

[tonster66]

Australian lawyer John Denton moves to Paris to head up the ICC.​

Australian lawyer John Denton moves to Paris to head up the ICC

John Denton wants to transform the almost 100-year-old International Chamber of Commerce to make it more relevant in the 21st century.

www.afr.com

 

[tonster66]

John W.H. DENTON AO​

ICC Secretary General

John W.H. Denton AO @ICCSecGen is the Secretary General of the International Chamber of Commerce (ICC). He is a global business leader and international advisor on policy and a legal expert on international trade and investment.

In 2022, Mr Denton was appointed by United Nations Secretary General to represent the global private sector on the newly formed Steering Committee of the UN Global Crisis Response Group on Food, Energy and Finance.

He currently serves on the WHO Foundation Strategic Advisory Group and the Global Task Force on Refugee Labour Mobility and is currently chair of the UN Business and Human Security Initiative of the London School of Economics and Political Science’s foreign policy think tank LSE IDEAS.

Mr Denton is a Board member of the UN Global Compact and Co-chair of the B20 finance and infrastructure taskforce, as well as a founding member of the Business 20 (B20), Co-founder of the Australia–China CEO Roundtable and Patron of UNHCR in Australia.

He serves on the Board of IFM Global Investors, a leading institutional investment manager, and is Chair of the Moeller Institute Advisory Board at the University of Cambridge.

He additionally serves on the Boards of the UN Development Programme’s Impact Investing Steering Group and UNICEF’s global education initiative, GenU, and he is a member of the Advisory Board of the African Green Infrastructure Investment Bank (AfGIIB) and the G7 Working Group on Impact Investment.

A former diplomat, Mr Denton co-led the Australian Government’s 2012 White Paper on “Australia in the Asian Century” and previously chaired the APEC Finance and Economics Working Group.

 

[Carlos Danger]

As investors can we legally start a defamation lawsuit against AFR and Tom Richardson? Any lawyers in this forum who can comment on how viable is this.

Not a lawyer. But defamation case would mean that your personal reputation would need to be damaged.

Companies, in itself, generally from what I have read, cannot launch a defamation case.

AVZ and it's investors can only sue the AFR if we suffer damages and can prove that Tommy lowered our reputation resulting in the loss.

It will be extremely difficult to argue that anything Tommy has said would be the reason we don't get the licence if that were to occur. Especially since he only started running his mouth after we wen't into suspension.

Marius and Nigel will defo bitch slap the AFR for personal defamation thou. But it won't matter to Tommy and his editor because they are petulant little cunts that won't personally be held financially responsible.

 

[Mickyb64]

According to Marius, Nigel isn't in the DRC could he be in Paris for the ICC hearing? It would be great if the the ICC postponement was due to a possible break through.

 

[Winenut]

AVZ and it's investors can only sue the AFR if we suffer damages and can prove that Tommy lowered our reputation resulting in the loss.

It will be extremely difficult to argue that anything Tommy has said would be the reason we don't get the licence if that were to occur. Especially since he only started running his mouth after we wen't into suspension.

Marius and Nigel will defo bitch slap the AFR for personal defamation thou. But it won't matter to Tommy and his editor because they are petulant little cunts that won't personally be held financially responsible.

My view is now is not the time to worry about any actions against Tommy and the AFR

When AVZ and the DRC finally get everything sorted and we are well and truly on the way to mining unimpeded THAT is when it will be time to absolutely rip Tommy's throat out and fuck over the AFR

In my opinion there will be avenues to take down Tommy due to his failure to meet jounalistic standards and requirements......he could be fucked over from a "professional" perspective....bye bye Tommy's journalism credibility and career

I believe the AFR in general has seperate issues of bias, potential market manipulation, agenda driven comment, possible actions from AVZ management and individuals for defamation and already has other actions taken against it by other entities/individuals for matters of these kind.

It's a rag of a fucking publication and it's credibility has been heading down the shit hole for a good while now

As I said I don't think now is the time......but the time WILL come

 

[cruiser51]

 

[Winenut]

Greetings all, I hope all you mad bastards still have or haven't got your sanity. I got busy a while back and didn't get on here for a few days so decided to keep it rolling and take a little mental health/stress break from AVZ to focus on work and life. Also to pretend it didn't even exist in the hope that would cause something to happen... Obviously that didn't change anything...

So for around a month I have put zero effort into keeping up with goings on and I definitely don't intend on reading back through the pages. Lets see if I'm up to speed - Nothings changed, we still may or may not be fucked and the Chinese are still corrupt and trying all angles of bullshit? Hopefully I'm up to speed...

Moral of the story seems to be we, the company and the DRC don't know shit about fuck.

Now time for some Simpsons memes.



Really makes you wonder if they've paid so much in brown paper baggies that they will just never stop in an attempt to recoup some funds?

Here's Zijin Manono strategy team meeting with the DRC brown paper bag committee:

I think we should file potential in a sub category under imminent.



See above about knowing shit about fuck

In other news not related to AVZ I'm off to see Jane's Addiction and The Smashing Pumpkins tonight, when I started writing this post I promised Simpsons meme's but as I started replying I couldn't find as many references as I thought I would so:

Good to see you back Disco!!

Can be hard to stay away from here....

Have a good one when you see Smashing Pumpkins and Janes Addiction.....I'll be catching them in a week or so when they hit Radelaide!

Cheers!

 

[cruiser51]

According to Marius, Nigel isn't in the DRC could he be in Paris for the ICC hearing? It would be great if the the ICC postponement was due to a possible break through.

Why the fuk would 3M or anybody AVZ tell fukhead tommy where Nigel is?

He and his boss Zijin would love to know, but hey none of their business, some will be revealed at the ICC hearing.
Only use the required bullets and some extra for the kill shot, keep some spare for safe keeping.

Tell tommy politely to fuk off and go suk chinese diks, it's the only thing he excels in.

 

[Mickyb64]

Why the fuk would 3M or anybody AVZ tell fukhead tommy tell where Nigel is?

He and his boss Zijin would love to know, but hey none of their business, some will be revealed at the ICC hearing.
Only use the required bullets and some extra for the kill shot, keep some spare for safe keeping.

Tell tommy politely to fuk off and go suk chinese diks, it's the only thing he excels in.

It was Marius who posted that Nigel wasn't in the DRC, that's why I gave the post some credibility. I wouldn't trust anything teabag Tommy posted.

 

[CHB]

Why the fuk would 3M or anybody AVZ tell fukhead tommy tell where Nigel is?

He and his boss Zijin would love to know, but hey none of their business, some will be revealed at the ICC hearing.
Only use the required bullets and some extra for the kill shot, keep some spare for safe keeping.

Tell tommy politely to fuk off and go suk chinese diks, it's the only thing he excels in.

I was surprised at this too. Rather keep cards close to the chest especially with Zijin's mouthpiece.

 

[Azzler]

I was thinking it unusual for that "article" to report about NF's where abouts, and meeting with GL.
It seemed incredibly irrelevant to the "article", like why would he say that?

I began wondering if it was an attempt to get information, in light of the information blackout we are currently in.
Say a bunch of bullshit in hopes you get corrected.

So when MMM told him NF was not in the DRC, I though, "no MMM you fool, that's info he, or they want!".
At least he didn't say where he was I guess.

But it was so random.