AVZ Discussion 2022

[Flight996]

Today's Global Arbitration Reviews news:

and...

Why are we not surprised.

Honestly, is there no organisation, agency or individual in the entire country, with the exception of Jules Alingete, who is not corrupt all the way to their bone marrow?

That was a rhetorical question.

Cheers
F

 

[Frank]

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[Frank]

Constant Mutamba expresses his gratitude to Félix Tshisekedi for the support given to him

As soon as he returned to his office on Monday, September 16, the Minister of State, Minister of Justice and Keeper of the Seals, Constant Mutamba, reiterated his determination to continue the courageous reforms initiated in his sector.

In front of the executives and agents of the Ministry of Justice, Constant Mutamba warmly welcomed the support of the President of the Republic, Félix Tshisekedi.

Constant Mutamba confessed to the crowd the dangerousness of the action initiated by his detractors against his life.

"The attack was brutal and deadly. Thanks to God and the support of the Head of State and the many prayers of the Congolese, I am alive," he said.

And he added: "The Congolese people have just dictated the method to me.

That means that we do not change the methods that win.

We will relentlessly pursue the courageous and bold reforms that we have initiated".

Minister of State Constant Mutamba returns from a brief medical stay in Turkey, after the revelations of his poisoning.

In Kinshasa, several support movements have been recorded in his favor.

The demonstrators called on the Head of State, Félix Tshisekedi, to guarantee the physical health of the boss of the Minister of Justice.

mediacongo

 

[Frank]

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[wombat74]

I am a little slow on the uptake when it comes to tapping in to AVZ website for formal updates......

Convertible Note raising AVZ has raised A$1.4 million via an initial issuance of unsecured convertible notes (Convertible Notes) to certain professional or sophisticated investors (Noteholders), including directors and management personnel of the Company. The funds will be used to meet operational costs and, until entry into a binding litigation funding facility, fund the ongoing legal proceedings to which AVZ and its subsidiaries are a party. This initial fundraising enables AVZ to continue to take actions to protect its legal rights in the Manono Project and the interests of its shareholder and other stakeholders. The Company has also granted a call option

Now this has been made public, this was one of the many bits of intel that i was advised prior............so far so good.

Nigel going cap in hand, working hard to protect our rights as mentioned before

There is a reason why Locke funding is delayed, but not going to reveal why, but should be good to go...........if required.

In addition to the Company's continued pursuit of its legal strategy with a view to achieving a negotiated settlement, the Company continues to identify and explore realisation opportunities whilst ensuring any such settlement or value realisation opportunity is in the best interest of all shareholders.

View attachment 69307

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"the Company continues to identify and explore realisation opportunities"

Any suggestions as to what these opportunities might be ?

 

[Winenut]

"the Company continues to identify and explore realisation opportunities"

Any suggestions as to what these opportunities might be ?

The "realisation" that Felix is corrupt to the core and loves Chinese brown paper bags

 

[wombat74]

The "realisation" that Felix is corrupt to the core and loves Chinese brown paper bags

So manufacturing brown paper bags . Ok , well that is one suggestion .

 

[Frank]

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[Penskefile]

 

[Frank]

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[Rechnerhand]

 

[Flight996]

Great post Frank.

Just one omission from your list of inglorious thieves...the fat bloke in the middle wearing the silk Armani and Rolex.

He's the head of the DRC corruption snake.

Cheers
F

 

[Remark]

Cominiere announces PE granted for Manono Lithium 15575 - clearly zero fucks given regarding ICSID cases & ICC ruling.

What a pack of absolutely corrupt cunts.

"Battery Metals Forum DRC: COMINIERE makes major announcements P.E. granted to Manono Lithium, access and evacuation roads under construction, and Mpiana Mwanga capacity to increase from 34 to 149 MW by December 2024 With: @cominiereSA , @CelestinKibeya , @geopolis_hebdo"

https://x.com/DBuanali/status/1836044873411010964

 

[Dave Evans]

Cominiere announces PE granted for Manono Lithium 15575 - clearly zero fucks given regarding ICSID cases & ICC ruling.

What a pack of absolutely corrupt cunts.

"Battery Metals Forum DRC: COMINIERE makes major announcements P.E. granted to Manono Lithium, access and evacuation roads under construction, and Mpiana Mwanga capacity to increase from 34 to 149 MW by December 2024 With: @cominiereSA , @CelestinKibeya , @geopolis_hebdo"

https://x.com/DBuanali/status/1836044873411010964

Dave Evans
@DaveEva12049801

DRC violates @iccwbo @ICC_arbitration @icsid

@IgfRdc Report proved Cominiere’s illegal actions

https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/638ee2df77e76824d82d6fff/1670308576126/20221130+-+IGF+Report+on+the+Management+of+DRC+Mining+Assets+by+COMINIERE+SA+-+ENG.pdf

Celestin Kibeya recorded taking Zijin bribe

https://x.com/kongopress/status/1644597533987987456

Reported corruption in DRC

https://econewsrdc.com/lithium-de-manono-jules-alingete-charge-le-dg-a-i-de-la-cominiere-pour-bradage-et-mauvaise-gestion/

https://miningnewsmagazine.org/avz-reitere-sa-position-sur-la-decision-favorable-dans-la-procedure-darbitrage-durgence-de-la-cci-contre-cominiere-avz-minerals-limited/

@WorldBank @IMFAfrica @USAID







World Bank and 9 others

Kongopress.com
@kongopress
Apr 8, 2023

#MANONO #LITHIUM SCANDALE sur la vente des 15% de l'État Congolais aux Chinois de #ZIJIN à 33.4 millions que 150 millions $US. En 2021 un dirigeant de la #COMINIERE demande de faire apparaître 35.5 millions $US sur les documents que le chiffre réel convenu. @Presidence_RDC

 

[JasonM]

depressing news from those drc and chinese fucks. I'm expecting news shortly, either they're still negotiating and we'll hear of a deal OR negotiations are going no where, avz are closing up and will just pursue drc through the courts. I dont think the uncertainty on which of the two paths is going to go on much longer.

 

[Carlos Danger]

Cominiere announces PE granted for Manono Lithium 15575 - clearly zero fucks given regarding ICSID cases & ICC ruling.

What a pack of absolutely corrupt cunts.

"Battery Metals Forum DRC: COMINIERE makes major announcements P.E. granted to Manono Lithium, access and evacuation roads under construction, and Mpiana Mwanga capacity to increase from 34 to 149 MW by December 2024 With: @cominiereSA , @CelestinKibeya , @geopolis_hebdo"

https://x.com/DBuanali/status/1836044873411010964

Nigel rn

 

[Carlos Danger]

depressing news from those drc and chinese fucks. I'm expecting news shortly, either they're still negotiating and we'll hear of a deal OR negotiations are going no where, avz are closing up and will just pursue drc through the courts. I dont think the uncertainty on which of the two paths is going to go on much longer.

Where does everyone get this idea that there will potentially be a moment where the bod decides to stop attempting negotiations

As far as I'm aware the ICSID allows deals during the entire process

If there ever comes a point where the bod hand everything over to the lawyers and say we aren't going to try anymore then they should all fucking resign imo

 

[mikejoho]

For what seems to be a universal dispute resolution mechanism in international contracts, the ICC and ICSID are made to look like toothless tigers. The blatant disregard shown by Celestin Kibeya and Comminere for the interim orders is contempt at the highest order, not just for AVZ but for these ruling bodies. He is mocking the interim orders by presenting at this conference and pretending that he is untouchable.
IMO, he is forcing them into a position where they will have to bare their teeth, for their own credibility. How many times can the bear be poked

 

[Roon]

For what seems to be a universal dispute resolution mechanism in international contracts, the ICC and ICSID are made to look like toothless tigers. The blatant disregard shown by Celestin Kibeya and Comminere for the interim orders is contempt at the highest order, not just for AVZ but for these ruling bodies. He is mocking the interim orders by presenting at this conference and pretending that he is untouchable.
IMO, he is forcing them into a position where they will have to bare their teeth, for their own credibility. How many times can the bear be poked

Given that the MoM would be required to sign off on the progress of an exploration permit to a PE, this also means that its not just Cominiere, but that the DRC Government itself has again ignored the interim ICSID orders. It also suggests that the new MoM might not be aligned with our interests, as seems probable given the content of the letter he sent to the Prime Minister covering the AVZ file, and the subsequent public notice by the Ministry of Mines comms department that there had been no negotiations on a MoU as we had stated in an announcement.

Surely they're digging a hole for themselves with all this flagrant avoidance of conforming with the orders from these bodies.

Perhaps however they are willing to delay things, just wanting to get the Chinese to be building or finishing a mine by the time ICSID provides any final ruling, thinking they would take this into account as a 'fact on the ground' and making it more difficult to overturn anything related to the northern tenement area. It will be near impossible to budge the Chinese from this position, if they are allowed to much further advance their Project, as seems to be playing out.

Compensation for the north and awarding of the southern permit (and a subsequent buyout) would be the only favorable outcome I can see as plausible. Mpiana Mwanga is a tricky factor though in this scenario, as is the redrawn tenement boundaries losing our access to water and Camp Colline in the south.

 

[TheCount]

Given that the MoM would be required to sign off on the progress of an exploration permit to a PE, this also means that its not just Cominiere, but that the DRC Government itself has again ignored the interim ICSID orders. It also suggests that the new MoM might not be aligned with our interests, as seems probable given the content of the letter he sent to the Prime Minister covering the AVZ file, and the subsequent public notice by the Ministry of Mines comms department that there had been no negotiations on a MoU as we had stated in an announcement.

Surely they're digging a hole for themselves with all this flagrant avoidance of conforming with the orders from these bodies.

Perhaps however they are willing to delay things, just wanting to get the Chinese to be building or finishing a mine by the time ICSID provides any final ruling, thinking they would take this into account as a 'fact on the ground' and making it more difficult to overturn anything related to the northern tenement area. It will be near impossible to budge the Chinese from this position, if they are allowed to much further advance their Project, as seems to be playing out.

Compensation for the north and awarding of the southern permit (and a subsequent buyout) would be the only favorable outcome I can see as plausible. Mpiana Mwanga is a tricky factor though in this scenario, as is the redrawn tenement boundaries losing our access to water and Camp Colline in the south.

No one here doubts Felix is the problem, and he's too far up China's arse to "see the forest for the trees"...
TC.