After reading I thought it was FRIDAY
After reading I thought it was FRIDAY
I remember the Sundance story well, including half the BOD perishing in a aircraft crash. Common denominator there also, was China influence .Just FI: According to Global Aribtration Reviews today (https://globalarbitrationreview.com/)
Australia’s Sundance Resources has agreed to settle its US$17.6 billion ICC claim against the Republic of the Congo over the expropriation of its mining licences and tenements.
While not the DRC, it's the principle that matters.
The back story to the dispute and eventual settlement is that Sundance Resources had been developing the Mbalam-Nabeba Iron Ore Project for over a decade. This project was intended to be a significant high-grade iron ore operation spanning the border of Congo and Cameroon, with a planned production of 40 million tonnes per year for at least 29 years.
In late 2020, Congo unlawfully expropriated the exploitation permit for the Nabeba iron ore tenement held by Sundance's subsidiary Congo Iron SA (sound familiar?). This action prompted Sundance to initiate arbitration proceedings against Congo at the International Chamber of Commerce (ICC) on March 25, 2021.
Sundance's claim against Congo was based on:
This dispute highlights the complexities and risks involved in international mining projects, particularly in regions with weak or evolving regulatory environments, or as in the case of the DRC, endemic corruption.
- Breach of various provisions of the Nabeba Convention
- Violation of the guarantee against expropriation
Cheers
F
SDL, that's the first share I invested.I remember the Sundance story well, including half the BOD perishing in a aircraft crash. Common denominator there also, was China influence .
Surprise, surprise.
Cameroon: new frontline in China-Australia trade war? – The North Africa Post
northafricapost.com
Hope he doesn't break both legs and cancel his visit!
Thanks for posting Jazz but seriously there is more chance that DLA Piper will announce they are giving AVZ a small discount on their latest invoice than this bloke showing up in Australia!
Well we can live in hope that there's a chance that both of these can happen. Makes little to no difference if he shows up anyway.Thanks for posting Jazz but seriously there is more chance that DLA Piper will announce they are giving AVZ a small discount on their latest invoice than this bloke showing up in Australia!
I think he'll be showing. he's had plenty of time to consider attending and would know the smell around the manono situation, so why put your name up to only pull out last minute? Doesnt make sense to me but then who really knows with the drc. I optimistically view it as an opportunity for avz and the mom to meet behind closed doors in a safe, non chinese scum bag environment.Thanks for posting Jazz but seriously there is more chance that DLA Piper will announce they are giving AVZ a small discount on their latest invoice than this bloke showing up in Australia!
Thanks for posting Jazz but seriously there is more chance that DLA Piper will announce they are giving AVZ a small discount on their latest invoice than this bloke showing up in Australia!
I think he'll be showing. he's had plenty of time to consider attending and would know the smell around the manono situation, so why put your name up to only pull out last minute? Doesnt make sense to me but then who really knows with the drc. I optimistically view it as an opportunity for avz and the mom to meet behind closed doors in a safe, non chinese scum bag environment.
Is anyone going to this event? If so, would be great to get some feedback.