AVZ Discussion 2022
- Thread starter GazDix
- Start date
cruiser51
Top 20
Does ICSID take also pain and suffering in account?
The amount of gin I had to consume to numb my brain is mind boggling, no wonder I fuk up with the 000's.
In the same month, the US effectively blackballed CATL when the Department of the Defence designated it as a “Chinese military company”. CATL is fighting this declaration and denies ever engaging in any military-related business or activities.
Some posters think US will appease CATL( in their quest to obtain Manono) by inviting them to set up a manufacturing battery hub in the US, the above statement appears to counter such a thought.
Interesting times.
Frank
Top 20
How Washington's tag on China's CATL could affect Tesla
- Pentagon listing of CATL could impact future Tesla battery partnerships
- Designation could deal a blow to CATL's reputation in U.S.
- CATL denies military links, calls U.S. designation a mistake
CATL, the world's largest battery maker, is a major supplier of lithium iron phosphate (LFP) batteries to Tesla for its Shanghai factory, the U.S. automaker's largest.
Tesla has been exporting these cars equipped with CATL batteries to other markets such as Europe and Canada.
Tesla and CATL are working on an agreement to license CATL technology for battery production in Nevada.
A person familiar with the matter said that the deal is expected to launch in 2025.
CATL is also set to supply battery cells and packs to Tesla's Shanghai plant for Megapack, its energy storage product, people familiar with the matter said.
The two are also in talks over how CATL can increase its supplies as the Megapack business grows.
i thought you were not counting your chickens before they hatched ?We all become multi millionaires!!
AVZ is requesting compensation as follows:
- General Damages: AVZ and its affiliates (GLH and Dathcom) have requested an amount to be determined for damages resulting from the delays in starting the Manono Project due to Cominière's contractual breaches.
- Specific Claims:
- USD 6.243 billion to compensate for the complete destruction of the value of the Manono Project.
- USD 2.081 billion to Dathcom for losses related to the same destruction.
- USD 1.0935 billion for the breach of AVZ's right of first refusal.
- USD 394,400 for legal costs incurred in protecting their interests in Congolese courts.
- Additional Requests:
- An amount to be determined for reputational damage.
- Full reimbursement of arbitration costs, attorney fees, and all related expenses.
- Interest at the French legal rate with anatocism (compound interest) from 15 days after the notification of the award.
and none of them have a case.If it hasn't been noted before it means Dathomir will be joining with Cominiere and Jin Cheng / Zijin in proceedings against AVZI accusing us of breaches of the Dathcom JVA
That's my take on it
Happy for @Xerof to correct me!
- "Full reimbursement of arbitration costs, attorney fees, and all related expenses."
Last edited:
Dave Evans
Regular
We’ve had more media coverage in the past 24 hours than in the last three years—so let’s keep the momentum going.
I’ve linked all the coverage below, and I expect even more in the next 48 hours, I will keep this updated:
- Mining.com: AVZ Minerals scores legal victory against Congo over disputed lithium mine
- Mining weekly: Australia's AVZ Minerals scores legal victory against Congo over disputed lithium mine
- Reuters: Australia's AVZ Minerals scores legal victory against Congo over disputed lithium mine
- The Australian: US posture on Aussie lithium miner to raise heat with China (Paywall)
- The Australian: AVZ breaks silence over US talks on Congo lithium project (Paywall)
- Finimize: AVZ Minerals Triumphs In Battle For Manono Lithium Rights
- The Advertiser: Aussie lithium explorer scores an international court legal victory over DRC and Chinese claim
- Bloomberg: Congo State Miner Must Pay €39 Million to Australia's AVZ in Lithium Dispute (Paywall)
- Herald Sun: US confirms its critical minerals agenda as fallen miner AVZ chases an improbable African prize
- Herald Sun: Aussie lithium explorer scores an international court legal victory over DRC and Chinese claim
- MSN News: Australia's AVZ Minerals scores legal victory against Congo over disputed lithium mine
- Courier Mail: Trump challenge lifts the hopes of a great escape for troubled lithium company AV
- Channel Africa: Australia's AVZ Minerals scores legal victory against DRC over disputed lithium mine
- Discovery Alert: AVZ Minerals Secures Legal Victory in Congo Lithium Dispute
- Discovery Alert: AVZ Minerals Wins Landmark Legal Battle Over DRC Lithium Project
- Engineering News: Australia's AVZ Minerals scores legal victory against Congo over disputed lithium mine
- Electionnet: DRC/Lithium de Manono: the country loses against AVZ Minerals, Cominière must pay €39.1 million
- AFR: (I could not verify there are any actual journalists working here)
Media pressure works. It’s the fastest way to get legislative attention, and right now, we have it.
Got a quiet weekend? No you don't.
Your mission for the next 48 hours:
Amplify this message everywhere. Share it on X (Twitter), investment forums, Facebook comments, group chats, Discord investment servers, Reddit (r/stocks, r/investing, r/wallstreetbets, r/asx_bets, r/mining, r/lithium, r/australia.) , LinkedIn even message your old high school crush.
More engagement = more coverage = more pressure.
Get active and get in the fight.
It looks like Reuters is the leading and most trusted source of news and the Mining Media sourced, then copied and pasted the information from Reuters so Reuters might be the best to try and follow up with.
Specifically the following people who reported and edited the AVZ win
Reporting by Aaditya Govind Rao in Bengaluru; Editing by Vijay Kishore
It’s a pity Sonia Rolley (with her 793 thousand followers) wouldn’t help us. I and others on X tried to draw her attention to our project and the corruption but she never replied
Last edited:
cruiser51
Top 20
Ohh, la, la
Master Christian gets a Guernsey too !
There is much to be found and absolutely worth reading.
My conclusion.....
Cominière and CKK are tolately and royally fukked.
9. The new facts invoked by the Defendant (Cominière) in its letter of October 25 2024
A. The dispute with Maître Christian Lukusa/Cabinet Momentum Attorneys & Advisors
915.
The Arbitral Tribunal notes that the new documents filed by the Respondent on October 25, 2024, in particular exhibits R-326, R-329 and R-330, and by the The plaintiffs (AVZI) on October 30, 2024, particular exhibits DM-305, DM-306 and DM- 308, show that there is ongoing litigation in the DRC between AVZI and its former lawyer Maître Christian Lukusa in connection with an escrow amount of USD 20 million which he was mandated to hold for AVZI in an escrow account.
916.
This is not disputed by AVZI, which states that it was forced to terminate Christian Lukusa's representation and file a formal criminal complaint against him for breach of trust, and forgery on September 30, 2024.
917.
In this context, a press article was published in Iigne on mines.cd on October 20, 2024 entitled "Démenti, droit de réponse et clarifications sur les accusations portées contre Me Christian Lukusa". This article was referred to by the Defendant in its letter of October 25, 2024, but produced by the Plaintiffs as Exhibit DM -308.
918.
In this article, Ple Christian Lukusa alleges, among other things, that AVZI's directors made false declarations in connection with the partial waiver PR 13359 and failed to pass on the "true amounts" in the case of the "Media consultant".
919.
The dispute between AVZI and its former lawyer is pending and has not yet been adjudicated, so that the Arbitral Tribunal cannot take any position on the acts of which the lawyer is accused or on the fate of the escrow funds.
920.
The arbitral tribunal notes that it is AVZI that considers itself to have been the victim an offence, since it has lodged a criminal complaint against its former lawyer, who is alleged to have potentially misappropriated funds.
921.
The Arbitral Tribunal therefore cannot accept the Defendant's position that this state of affairs "raises numerous questions as to AVZ's probity" 414.
922.
As it stands, the Arbitral Tribunal cannot attach any probative value to the elements reported by AVZI's former lawyer in a press article41' since the latter, who is the subject of criminal complaint for possible misappropriation funds and is in open conflict with AVZI, provides no evidence in support of his accusations. In these circumstances, the comments made by AVZI's former lawyer must be treated with the utmost circumspection.
923.
Moreover, the content of this article is too vague to allow any conclusions to be drawn in relation to the present proceedings.
924.
The article mentions only that "(...) the statements made to the Court by Nigel and John are false in relation to the realities of the partial assignment the PR 13359 License", so it is not possible to determine which statements are involved, what their content is, or whether they refer to the demerger of PR 13359, the relinquishment of part of the scope of PR 13359, or something else.
etc, etc, etc
Master Christian gets a Guernsey too !
There is much to be found and absolutely worth reading.
My conclusion.....
Cominière and CKK are tolately and royally fukked.
9. The new facts invoked by the Defendant (Cominière) in its letter of October 25 2024
A. The dispute with Maître Christian Lukusa/Cabinet Momentum Attorneys & Advisors
915.
The Arbitral Tribunal notes that the new documents filed by the Respondent on October 25, 2024, in particular exhibits R-326, R-329 and R-330, and by the The plaintiffs (AVZI) on October 30, 2024, particular exhibits DM-305, DM-306 and DM- 308, show that there is ongoing litigation in the DRC between AVZI and its former lawyer Maître Christian Lukusa in connection with an escrow amount of USD 20 million which he was mandated to hold for AVZI in an escrow account.
916.
This is not disputed by AVZI, which states that it was forced to terminate Christian Lukusa's representation and file a formal criminal complaint against him for breach of trust, and forgery on September 30, 2024.
917.
In this context, a press article was published in Iigne on mines.cd on October 20, 2024 entitled "Démenti, droit de réponse et clarifications sur les accusations portées contre Me Christian Lukusa". This article was referred to by the Defendant in its letter of October 25, 2024, but produced by the Plaintiffs as Exhibit DM -308.
918.
In this article, Ple Christian Lukusa alleges, among other things, that AVZI's directors made false declarations in connection with the partial waiver PR 13359 and failed to pass on the "true amounts" in the case of the "Media consultant".
919.
The dispute between AVZI and its former lawyer is pending and has not yet been adjudicated, so that the Arbitral Tribunal cannot take any position on the acts of which the lawyer is accused or on the fate of the escrow funds.
920.
The arbitral tribunal notes that it is AVZI that considers itself to have been the victim an offence, since it has lodged a criminal complaint against its former lawyer, who is alleged to have potentially misappropriated funds.
921.
The Arbitral Tribunal therefore cannot accept the Defendant's position that this state of affairs "raises numerous questions as to AVZ's probity" 414.
922.
As it stands, the Arbitral Tribunal cannot attach any probative value to the elements reported by AVZI's former lawyer in a press article41' since the latter, who is the subject of criminal complaint for possible misappropriation funds and is in open conflict with AVZI, provides no evidence in support of his accusations. In these circumstances, the comments made by AVZI's former lawyer must be treated with the utmost circumspection.
923.
Moreover, the content of this article is too vague to allow any conclusions to be drawn in relation to the present proceedings.
924.
The article mentions only that "(...) the statements made to the Court by Nigel and John are false in relation to the realities of the partial assignment the PR 13359 License", so it is not possible to determine which statements are involved, what their content is, or whether they refer to the demerger of PR 13359, the relinquishment of part of the scope of PR 13359, or something else.
etc, etc, etc
Exhaustive read and yes, the delay tactics is beyond the pale.The full transcript is a read and a half.
The delays, the tactics and even the balls to ask the emergency arbitrator to have AVZ pay all legal costs even after we wonfucking clowns.
This is the reason why ICC / ICSID cases take years to conclude no doubt....
And not that there was any doubt, Cominiere cant pay.
So how one extracts water out of a stone will be intriguing.
cruiser51
Top 20
I would say you need a proper processing plant..Exhaustive read and yes, the delay tactics is beyond the pale.
This is the reason why ICC / ICSID cases take years to conclude no doubt....
View attachment 79376
And not that there was any doubt, Cominiere cant pay.
So how one extracts water out of a stone will be intriguing.
Cominière and the DRC operates on the basis, the moment the paper bag arrives it gets subdivided into individual overseas accounts.
The money gets moved in leather briefcases and deposited in Swiss accounts, only Christian puts it into the Rawbank.
Frank
Top 20
Last edited:
TheCount
Regular
I see that list of claims as setting a “takeover price” to anyone sniffing around.
Frank
Top 20
Last edited:
Well Comminiere sure as shit dont have any cash but legally they have still got a 15% share of Dathcom. Through whatever shitfuckery and black magic they created the JV with Shitzin for the North with realigned boundaries and stole our water and camp...including all our cores as well as grabbing the hydro and then issuing themselves a mining licence using the same shitfuckery black magicExhaustive read and yes, the delay tactics is beyond the pale.
This is the reason why ICC / ICSID cases take years to conclude no doubt....
View attachment 79376
And not that there was any doubt, Cominiere cant pay.
So how one extracts water out of a stone will be intriguing.
I reckon 39 million Euro plus the balance of penalties owed plus reinstating the original boundary and returning the hydro is a fair swap for the 15 % they own. Shitzin can go for their lives in Micaville and we will happily sell to the highest bidder. Celestine can fo f...k himself.
Winenut
GO AVZ!!!!
Yep
When I first saw those numbers my quick mental arithmetic got a nice USD 9 billion number......
or there abouts
Similar threads
