AVZ Discussion 2022

[Rechnerhand]

" ... As a central player in the governance of the mining sector, CAMI reaffirms its
commitment to the parsimonious management of our mineral and
to support the vision of the Head of State, who places the development of our resources in the
natural sources for national development and the well-being of
Citizens. ..."

Independence of the DRC: CAMI reaffirms its commitment to mining governance at the service of the people

 

[Rechnerhand]

DRC: Manganese project in Luozi aligns the 5 axes of mining diversification advocated by Kizito Pakabomba --> a good example how it could work between DRC and foreign investors and their governments.

also this --> DRC-Japan: A historic joint venture for the exploitation and processing of manganese in Kongo-Central

 

[Rechnerhand]

U.S. Embassy in the
Democratic Republic of the Congo​

Peace Agreement Between the Democratic Republic of the Congo and the Republic of Rwanda

 

[Jongo]

With Kobold, and presumably RIO, planning to begin construction in 2026, the sooner the better for Kobold/RIO to take ownership of the mining licence, and probably no later than August. I recall that a few months ago someone from X, whom claimed to be in the know, stated that the target for us shareholders receiving funds is July/August 2025.

"Initial Production Target: KoBold aims to bring the Manono project online by 2028, which implies construction would need to begin by 2026 to meet that schedule."

 

[cruiser51]

$3 Billion under reported by KKC!

20% is owned by the DRC state, 39.6% is owned by Ivanhoe Mines, 39.6% by Zijin Mining Group and .8% by Crystal River Global Ltd.

 

[Penskefile]

View attachment 87833 View attachment 87834

$3 Billion under reported by KKC!
View attachment 87835
20% is owned by the DRC state, 39.6% is owned by Ivanhoe Mines, 39.6% by Zijin Mining Group and .8% by Crystal River Global Ltd.

Can’t believe that the cost of snacks has tripled over the past 3 years.

 

[Hudnut]

I just got called and told the DRC signing with Trump is on at the moment on Sky News extra.

 

[Mute22]

I just got called and told the DRC signing with Trump is on at the moment on Sky News extra.

Likely a re-run of this:

 

[Rechnerhand]

Whoever is looking from time to time to our respectful (temporarily) neighbor at the CdL-site will notice a silent update.

Manono Northeast Lithium Project

 

[Winenut]

Whoever is looking from time to time to our respectful (temporarily) neighbor at the CdL-site will notice a silent update.

View attachment 87842

Manono Northeast Lithium Project

fuck me....

Nothing like fast tracking your project with a $70M bribe and fuck all else....

Makes me sick reading about these fucking arseholes

 

[guppy390]

Can anyone think why Felix would be going to Cyprus?

 

[pow4ade]

I'll be looking for the next great African opportunity

With Trump positively looming large over African minerals supply, Kobold has partnered with a Vancouver miner in a copper play in Zambia. May be worth a look at a promising early stage prospect:

https://midnightsunmining.com/presentation/

 

[Winenut]

Can anyone think why Felix would be going to Cyprus?
View attachment 87843

Massive Rolex sale......

 

[Dave Evans]

Have just been having a look at the ICSID website and it seems that both parties ie Claimant and Respondent have to agree to recommence the hearing. My thoughts were that Fasken and co would try to delay this as long as possible. If the parties dont agree then the tribunal makes the decision
In the AVZ announcement it says that the proceedings will now resume. Do we know for sure the proceedings have recommenced and if so when would the new trial date be ( originally 2-5 June) Also anyone know what the injunction pursuant to procedural order No. 3 ?

The ICSID Proceedings will now resume, and the Company is taking steps to hold the DRC to account for its failure to comply with the injunctions ordered pursuant to Procedural Order n°3, including with the filing of a new application with the ICSID Tribunal.

I went over my reply to @muks last week and added a few things in this post that hopefully provides something to stay focused on

ICC Decision Against Cominière to Liquidate an Accrued Penalty of €39M in ENG & FRE

https://static1.squarespace.com/sta...de+Courtoisie+de+la+Sentence+Partielle_en.pdf

Page 25 shows the damages of US$9.417billion resulting from Cominiere violating AVZ’s FROR, then illegally terminating the Dathcom joint venture giving the false and implausible reason “not advancing the project fast enough” and the DRC (Ministry of Mines & CAMI) revoking AVZ’s Mining Decree (PR/PE) and granting a PR/PE to Manono Lithium with the equally illegal and implausible reason “due to disagreements between shareholders”

The ‘Damages’ of over US$9.417billion are what is being claimed in the ICSID by AVZ through DLA Piper

To date, AVZ has won all cases against Cominiere before the ICC Court of Arbitration; this recent decision (shown above) by the ICC refuted all claims by Cominiere and ordered Cominiere to pay AVZ penalties of €39million (equal to US$46million or AU$70million); and the DRC has violated the orders handed down by the ICSID to re-establish Dathcom as the holder if PR13359

 

[Strongman]

I went over my reply to @muks last week and added a few things in this post that hopefully provides something to stay focused on

ICC Decision Against Cominière to Liquidate an Accrued Penalty of €39M in ENG & FRE

https://static1.squarespace.com/sta...de+Courtoisie+de+la+Sentence+Partielle_en.pdf

Page 25 shows the damages of US$9.417billion resulting from Cominiere violating AVZ’s FROR, then illegally terminating the Dathcom joint venture (due to parties not getting along) and the DRC (Ministry of Mines & CAMI) revoking AVZ’s Mining Decree (PR/PE) and granting a PR/PE to Manono Lithium with the implausible and illegal reason being it took too long for Dathcom to advance the project.

The ‘Damages’ of over US$9.417billion are what is being claimed in the ICSID by AVZ through DLA Piper

To date, the DRC has violated the orders handed down by the ICSID and AVZ has won all cases before the ICC Court of Arbitration and this recent decision (shown above), by the ICC ordered Cominiere to pay AVZ penalties of €39million (equal to US$46million or AU$70million).

Hey Dave thanks very much for reposting that info. I did open and flick through the ICC Partial Award document last week when you were replying to Muks but i pretty much just looked at the damages amounts on page 25.
In reading your explanation above i came to realise the cases are very closely linked addressing different elements of the same problem
I was just focused on the ICSID when ICC is i think just as important and an integral part of catching all the bad actors in our little drama

 

[Rechnerhand]

Trump: "We're getting, for the United States, a lot of the mineral rights from the Congo as part of it. They're so honored to be here. They never thought they'd be coming."

Reuters:
However, the agreement signed on Friday gives Congo and Rwanda three months to launch a framework "to expand foreign trade and investment derived from regional critical mineral supply chains".

A source familiar with the matter told Reuters on Friday that another agreement on the framework would be signed by the heads of state at a separate White House event at an unspecified time.

 

[cruiser51]

Can anyone think why Felix would be going to Cyprus?
View attachment 87843

Highly likely going to get some cash out of the bank.
Probably buying a private island just in case.

Cyprus does have strong bank secrecy laws that protect client confidentiality.
These laws ensure that financial information is not shared with other states or tax authorities without a court order.
This, combined with the fact that Cyprus is an established offshore financial center, makes it an attractive jurisdiction for those seeking enhanced privacy and confidentiality in their banking arrangements.

 

[Mute22]

 

[j.l]

August old boy putting the boot in over on X

 

[Mute22]

August old boy putting the boot in over on X
View attachment 87861
View attachment 87862
View attachment 87863

ICSID has no power, or authority - but will provide AVZ holders leverage?

Am I reading this right?