Remark
Top 20
Agreed. The CAMI site also has the application date & approval date one day apart, back dated to October last year
AVZ Discussion 2022
- Thread starter GazDix
- Start date
This is a month old, apologies if shared previously: https://news.mongabay.com/2024/08/disputed-manono-lithium-mining-project-in-drc-sparks-concern/
Bin59
Regular
CAMI still up to their old games by the looks of itAgreed. The CAMI site also has the application date & approval date one day apart, back dated to October last year
View attachment 69428
As we are all aware, Cominiere and Zijin are playing a giant game of poker with a deck clearly stacked in their favor.
They are prepared to risk penalties, reputational damage and international derision because ultimately the pay-off is worth the risk. They are supported by King Felix-the-corrupt's government, its equally corrupt agencies and a beholden judiciary.
Let's face it; where else can you buy a world class resource worth billions for just a few hundred million in bribes and penalties.
Unfortunately, there is no western white knight on the horizon because no reputable miner will risk going anywhere near the DRC.
Finally, Zijin is now so entrenched in AVZ's tenement, and their sunk costs such that extracting them is practically impossible. Despite doing all the exploration and ground-breaking work, AVZ will continue to get no support from the DRC govt, which acts like its enemy rather than its partner.
All that remains to be negotiated is the amount of compensation, but it's a tough gig with so little leverage.
F
They are prepared to risk penalties, reputational damage and international derision because ultimately the pay-off is worth the risk. They are supported by King Felix-the-corrupt's government, its equally corrupt agencies and a beholden judiciary.
Let's face it; where else can you buy a world class resource worth billions for just a few hundred million in bribes and penalties.
Unfortunately, there is no western white knight on the horizon because no reputable miner will risk going anywhere near the DRC.
Finally, Zijin is now so entrenched in AVZ's tenement, and their sunk costs such that extracting them is practically impossible. Despite doing all the exploration and ground-breaking work, AVZ will continue to get no support from the DRC govt, which acts like its enemy rather than its partner.
All that remains to be negotiated is the amount of compensation, but it's a tough gig with so little leverage.
F
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Carlos Danger
Top 20
Every single time this reasoning has been brought up it has been proven wrong by reality on the ground
The idea that CAMI is rogue or Cominiere are bribing staff to update the website behind the MoM's back is pure copium
The words disadvantageous for the Republic blow up this argument quicker than a pager manufactured with explosive material imo
I think you took it literally, of course negotiations can take place at anytime, just depends whether it is to award rights and settle north or a financial payout for the whole lot. If the former breaks down, then it just comes down to going through the courts for the latter.
Xerof
Have a Cigar 1975
Agree, 15575 is proceeding as if it's kosher coz the ISCID would not make a finding as to its legality until it finalises all the prior shitfuckery.
Carlos Danger
Top 20
I remember 9card saying Fasken found a legal loophole around this. Which is reflected in the ICSID excluding the new north from the initial proceedings. Their assumption is that they will either win the old north dispute or get AVZ to fold either figuratively or literally before it needs to be decided so might as well get rolling.
I can understand the DRC's thinking on this. Disadvantageous to the republic means putting all their eggs in Nigel's basket. Even without the snacks it is a advantageous strategy for them even if it rat fucks us.
BRICK
Top 20
#stolen #corruptionAgreed. The CAMI site also has the application date & approval date one day apart, back dated to October last year
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#massivecunts
Dave Evans
Regular
I wish you would try and be more positive in our fight against corruption Carlos
AVZ have always said they are willing to negotiate and continue to do so. Those in the DRC who are negotiating on their behalf have been leading us on, hoping we will run out of cash while in the meantime China continues to manipulate the lithium price so if they have to compensate us it would be at a lower price
The IGF Report showed Cominiere, Zijin and Dathomir have all acted illegally. ICC and ICSID might be slow to enforce their orders but are also getting more evidence by the day of Cominiere and Zijin’s violations
@Spikerama calculator shows Cominiere currently owing us over $40 million Euros in penalties alone for the work they and Zijin have done, that doesn’t include other penalties they have been ordered to pay
DRC ICC Penalty Calculator 2.0
Calculates the amount of penalties the DRC has incurred since the first & 2nd violation of the ICC court ruling
drc-icc-penalty-counter-2.netlify.app
What a crock of shit. Carlos is one of those on here who consistently tell it how it is, with well-considered justifications for his positions. Given our circumstances are dire, these positions have invariably appeared negative in recent years. Amazing how that works when you take a realistic viewpoint.
You are always quick to shut down such views, but I wholeheartedly appreciate the inputs that Carlos and others put forward. Im sure many others feel the same way.
I think we'll likely glean more accurate insights through those like Carlos rather than listening to the pump squad on Twitter, that whilst positive and feel-good, has been wrong over and over again.
dollarbills
Regular
Agree, i have valued Carlos' input and his excellent analysis and interpretation of the current standing with ICC and ISCID.
It is up to our BOD how they navigate and negotiate through the corruption...
Cumquat Cap
Regular
No doubt Carlos knows his shit, seems he was right all along - just saying he seems to enjoy the fact we’re all fucked
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