AVZ Discussion 2022
- Thread starter GazDix
- Start date
This is what I've been wondering also Fox. Why does everyone assume zijn 'got' something like n return for pulling out?If Zijin have returned or conceded any ownership of the 15%, PR05 could have just used a stick not a carrot. Lot's of chatter about warnings provided to Zijin prior to the visit to China.
Or of course, both a carrot AND a stick could have been used. I hope it was a big stick and a small carrot that PR05 repeatedly used on Zijin. (with no lubrication)
They took a gamble to do something dodgy, it didn't pay off, the benefit for them pulling out is they don't get slapped with a massive fine/damages/other restrictions on their operations in the country.
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Agree. I'd extend, mining is not a vocational career. Anyone involved is in it to make big money. Atleast to that capacity I think Nigel has every incentive to get this over the finish line.
Cumquat Cap
Regular
Agree, guess that provides some comfort that we'll at the bare minimum get a settlements of sort.
Nel, nice one man very helpful
Nel, nice one man very helpful
cruiser51
Top 20
Rare earths, cobalt, copper, lithium; the EU relies on local extraction and refining, processing, recycling of minerals imported into the EEC
June 7, 2023Kiki Kienge
By Patrick Kienge
In order to achieve its independence in the supply of critical raw materials and to guarantee a secure and sustainable supply, the European Union has as its battle horse, the “European legislation on critical raw materials”.
European legislation on critical raw materials wants to strengthen domestic supply chains, strengthen international dialogue for mutually beneficial partnerships with single supplier countries.
The European Union seeks to diversify its supplies of critical raw materials, 65% of its annual needs should not come from the same country outside the EU.
- 63% of the world's cobalt, used in batteries, is mined in the Democratic Republic of Congo.
- 97% of the EU's magnesium supply comes from China.
- 100% of the rare earths used for permanent magnets are refined in China.
- 98% of the EU borate supply comes from Turkey.
Belgian Euro MP, Maria Arena said;
“The objective of the European Commission's proposal for a regulation on critical raw materials (rare metals, cobalt, copper, lithium, etc.) should enable the EU to access a secure, but above all sustainable supply!
Mining in countries that have these resources is currently harmful to the environment, but also to human rights. There is an urgent need to provide mechanisms that respect the populations living in the countries that hold these resources.
Guaranteeing access to resources for the well-being of Europeans to the detriment of the populations living in these countries is a solution from another age and unworthy of the European project. »
Samus
Top 20
I'm not sure what to think about this new rccm document but what it does make clear is that dathomir is still there after 12+ months of this shitshow.
Zijin still seems like the distraction and dathomir the problem imo.
What about Mmcs?
This arbitration shit is a fucking joke. Why in fucks name does it take so long? ...
Zijin still seems like the distraction and dathomir the problem imo.
What about Mmcs?
This arbitration shit is a fucking joke. Why in fucks name does it take so long? ...
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9cardomaha
Regular
My view on Dathomir still being there aligns with the ICC case AVZ brought against Simon CUNT and Dathomir.
Our case against them is to get ICC to enforce the sale because they have sellers remorse.
Our case against them is to get ICC to enforce the sale because they have sellers remorse.
RHyNO
Regular
Feeling pretty sweet about this document and Klaus that slimey MF getting involved near us. Though he is a dog and this document is unproven the combined timing of the two leads me to feel much more positive about our outcome and maybe it’s the half gram blunt I just nailed but I feel a relaxed love and respect towards those here who have contributed to all of our evolving mental health through this pandemic of a cluster fuck. Really has made a huge difference having you magnificent c***s to vent with.
Samus
Top 20
Problem is, what should be an open-shut case takes so fucking long.
Still no word about the mmcs case even.
Simon CUNT, indeed!
Carlos Danger
Top 20
Correct. The only way AVZ can get around needing the ICC for the Dathomir 15% to be transferred to them is if the DRC government intervenes, someone gives Cong more money or Cong decides to comply with the contracts he signed (and intended to be bound by) to avoid being made liable for damages. One of those scenarios is far more likely than the ICC cases brought by AVZ against Dathomir running the full course imo
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David Krappenschitz
Regular
Can we at least have the ML so we can get on with it and sort out the Dathomir shit later ?
ffffark
ffffark
Many have justifiably criticised him here.
Me included.
However, given the widely acknowledged shit show that DRC is, I think your criticism is rather unfair.
He had, and is, navigating a maelstrom of long established institutional and corporate corruption that penetrates every area of DRC governance.
It is, in this case, facilitated and encouraged by actors from, and controlled by, an autocratic state.
These people are experts who have honed their skills over decades and have essentially limitless funding.
Win or lose, whatever that may mean, the fact that we are still in the game at this stage is testament to the fact that these guys are cutting the proverbial.
PS love the silence
Agree with the sentiment, but in my limited understanding, clarity of the Dathcom ownership structure is a consideration in the ML award process. I believe AVZ referenced as much in their 'cease and desist' letter to Cominiere.
TDITD
Top 20
A cork the wrong way is a butt plug
Carlos Danger
Top 20
AVZ's letter is dated 4/8/21 and in part 2.1.6. they say 'CAMI is examining the structure of the shareholding at this time'. This was during the technical opinion process. CAMI approved Dathcom's application on 17/9/21.
Management have repeatedly said that ownership isn't an issue with getting the licence. Technically they are correct but the haters have used the lack of certainty of funding caused by these ownership dramas to delay the project imo
David Krappenschitz
Regular
To get the ML decree if I remember correctly there were 3 criteria to be ticked off, one being proof/certainty of funding. We got the the decree, yet the detractors bullshit about the company not having funds…
Thanks @Carlos Danger , always on the mark!
Cumquat Cap
Regular
Where you buy your blunt papers from man? Prefer a spliff myself
If some of the punters haven't realised it yet then maybe they need to start waking up . The Chinese and their puppets are using stall tactics until AVZ runs out of juice . Shi1t we are already 13 months down . Wake up !!!!! If this isn't sorted very soon then AVZ BoD need a very firm tap on the Shoulder .
Carlos Danger
Top 20
We have plenty of money. If Zijin really are gone and the ICC case is dropped then legal costs will be dramatically reduced. Even if it isn't we have enough to get through the next 2 years easily.
One thing about the Chinese is that they are full of bravado and tricks until it comes time for court findings to be released publicly. Then they look for a deal to save face. As seen with the WTO case that Australia brought against China for their wuhan lab hissy fit tariffs.
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