AVZ Discussion 2022

SilentOne

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An Escrow Account is a financial arrangement where a third party holds and manages funds or assets on behalf of two other parties involved in a transaction. It ensures that both parties fulfill their obligations before the funds are released.
 
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"The company's escrow account", does this mean the company had access to the account?
An Escrow Account is a financial arrangement where a third party holds and manages funds or assets on behalf of two other parties involved in a transaction. It ensures that both parties fulfill their obligations before the funds are released.
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Flight996

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Frank

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"The abandonment of the regime prohibiting the movement of foreigners in mining areas is not a naivety of our country

President Félix-Antoine Tshsekedi spoke on Friday, October 18, during the Council of Ministers, about the presence and movement of foreigners in mining sites.

In the minutes of this meeting, published on Sunday, October 20, the President of the Republic states that in certain mining regions, foreign operators operate completely illegally. :rolleyes:

"Considering that the liberalization of the mining sector, under the Mining Code, has given access to this sector, throughout the Republic, to all economic operators, both national and foreign, the abandonment of the regime prohibiting the movement of foreigners in mining areas should not be seen as a naivety of our country that would give a pass to foreigners to do whatever they want," warned Félix Tshisekedi in the remarks reported in the minutes of the Council of Ministers.


This abandonment, recalls the Head of State, was rather dictated by the need to attract investors and meet the requirement of a good business climate.

In order to put an end to the abuse of the advantages resulting from this liberalization, the Deputy Prime Minister, Minister of the Interior, Security, Decentralization and Customary Affairs, the Minister of Mines and all other state services including the General Directorate of Migration have been tasked with "setting up a more elaborate and rigorous control and surveillance system to prevent access to mining sites by foreigners who do not have a regular residence permit in the Democratic Republic of Congo, or an investment in mining."

The ministers and services concerned must present their conclusions within one month.

mediacongo

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Winenut

Go AVZ!
Slow news day.....
 
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wombat74

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Xerof

Have a Cigar 1975
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protoje

Regular
Eye of the hurricane

I have a spare pen in case it's needed to write up the announcement
I was just thinking that, how long does it take, like use chat gpt to give it a once over and voila 👌
 
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Seems clear that momentum are responsible for the escrow account. Thanks Carlos, where do you get these documents from.
Yes the whole point of escrow is that the lawyer holding the money becomes legally responsible. The court document detailing AVZ’s request and subsequent granting for an escrow account to be established was in the article last week from econewsdrc. The vast majority of the other documents I have were provided by either 9card or the interview given by Christian Lukusa 2 years ago.
 
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Re:
View attachment 71553

That informal sentence seems out of place in a document replete with legalese.

Is it just a translation thing (French to English), or should we be skeptical of the document's authenticity? As we are all well aware, there are many fake documents floating around.

Cheers
F
Can you provide an example of the ‘many fake documents floating around’?

Many other allegations have been made about there being fake or possibly photoshopped documents but as yet the only document I’m aware of that has actually been proven fake and not just accused without evidence is the RCCM record that 9card provided a while back showing Zijin had been purportedly removed from Dathcom
 
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Bonsoir

Regular
Yes the whole point of escrow is that the lawyer holding the money becomes legally responsible. The court document detailing AVZ’s request and subsequent granting for an escrow account to be established was in the article last week from econewsdrc. The vast majority of the other documents I have were provided by either 9card or the interview given by Christian Lukusa 2 years ago.
Do you know what become of 9card ?
 
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Do you know what become of 9card ?
Normally when someone asks this I check and he has been lurking in the last day or so. But he now hasn’t logged in for a month so I can’t use my SpongeBob meme this time. Possible he is still reading without logging in tho.
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Bonsoir

Regular
Normally when someone asks this I check and he has been lurking in the last day or so. But he now hasn’t logged in for a month so I can’t use my SpongeBob meme this time. Possible he is still reading without logging in tho.
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Thanks Carlos, like yourself a great contributor.
 
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wombat74

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Eye of the hurricane

I have a spare pen in case it's needed to write up the announcement
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Mute22

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One of these 100,000 page refreshes we will see a positive announcement :)

If you feel like life is passing you by during all this, keep holding on and take the time to be grateful for the important things in life.
 
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SilentOne

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Well the DRC will need to get their act together and sort out AVZ first.

 
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Flight996

Regular
Can you provide an example of the ‘many fake documents floating around’?

Many other allegations have been made about there being fake or possibly photoshopped documents but as yet the only document I’m aware of that has actually been proven fake and not just accused without evidence is the RCCM record that 9card provided a while back showing Zijin had been purportedly removed from Dathcom

I recall seeing a number of official-looking docs tendered by Zijin and/or Cominiere a year or so ago, which appeared to be doctored, particularly the use of different fonts and dodgy official ministerial stamps within the docs.

I am absoutely not implying that AVZ falsified their docs; that's the realm of the DRC shit-eaters. They have form.
 
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I recall seeing a number of official-looking docs tendered by Zijin and/or Cominiere a year or so ago, which appeared to be doctored, particularly the use of different fonts and dodgy official ministerial stamps within the docs.

I am absoutely not implying that AVZ falsified their docs; that's the realm of the DRC shit-eaters. They have form.
AVZ's official announcement on this matter shows that the ICSID recognises the events those purportedly fake documents detailed in particular Cominiere's relinquishment of the northern portion of PR13359 in October 2023 and the immediate subsequent grant of PR15775 to Manono Lithium

Although both of those events were done unlawfully as Cominiere did not own PR13359 at the time since the Dathcom JVA was purportedly terminated in clear violation of Article 11.1 which says that all disputes must go through the ICC imo

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Remark

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"
Eye of the hurricane

I have a spare pen in case it's needed to write up the announcement
Listen to yourself churn...
 
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