MoneyBags1348
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14/10/2023
DRC MINING LEGISLATION
- Thread starter MoneyBags1348
- Start date
MoneyBags1348
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MoneyBags1348
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20/10/2023
Spikerama Posted
If anyone has an actual PDF of the document I can tell you straight away if it has been doctored or not. Flick it to me.
The other question is, what is the progeny of this document. Where did we obtain it from? And where did we get the previous set of documents from? Aren't they part of public record?
Spikerama Posted
If anyone has an actual PDF of the document I can tell you straight away if it has been doctored or not. Flick it to me.
The other question is, what is the progeny of this document. Where did we obtain it from? And where did we get the previous set of documents from? Aren't they part of public record?
MoneyBags1348
Top 20
20/10/2023
Carlos Posted
Franck Fwamba seems to think it’s legit
View attachment 47457
obe wan reply
I'm not getting that vibe
The ‘partial sale ‘ comment on the CAMI website also adds substance as to what this is all about . We know that CAMI has run through a bag of files over the last two weeks ; they’re looking to bring some cash in and currently trying to lube up the cash register.
My view on it working back from the ‘partial sale’
As below from the fat tail announcement on the 9th of October ( near 2 weeks ago ) it stated that the reason why cominiere is on the CAMI website instead of Dathcom is because Cominiere headed to a domestic court and got the register changed basically without AVZ knowing ; the order was based on false premise ; cominiere told them the JV was terminated and hence order was given and in turn presented to cami to chance the naming from Dathcom to Cominiere ; so that means no JV in the eyes of the court order (an order issued without AVZ knowing anything about it … pretty typical brown bag DRC court shite
) anyway ; invoicing of fees would then technically only go to cominiere … partial sale … if Dathcom JV was still up on the cami website ; then ‘partial sale’ would not appear on the CAMI website as the 15% would be a transaction within the JV
Considering no JV existing under the cami portfolio until the domestic order is turned over ; the 15% sale is not within a JV and simply a sale from Cominiere to Zijin .
AVZ likely got wind of the processes going through within cami and cominiere being invoice instead of dathcom and so the FatTail ann likely had a double barrel in it ; to fire a shot at FatTail and also put it out there of changes that would reverb out and through panicked shareholders .
Expiree date - something that could change and did change 2-3 days after AVZ’s ann
Cominieres name on the CAMi site - something that couldn’t change at this time due to court order … and didn’t change.
Invoicing - issued to cominiere in lieu of Dathcom … because Cami’s portfolio states this until brown bag court order is rectified.
Partial sale - no JV on the cami website ; so it’s a sale to Zijin .
Propaganda will only intensify as we move towards the AGM . Apparently Zijin had a bus load of lawyers at the ICC case and all feverishly taking notes … no doubt the likes of MMGA / Chinese goons are being prepped to the gills and the shit will flow harder and quicker as the AGM approaches
Just remember all votes count
Carlos Posted
Franck Fwamba seems to think it’s legit
View attachment 47457
obe wan reply
I'm not getting that vibe
Yes so it does ; I didn’t realise that this was popped out through MMGA website … so have to provide it with ‘some’ credibility …. Although I do reckon some maybe reading a bit to far down the gun barrel .
The ‘partial sale ‘ comment on the CAMI website also adds substance as to what this is all about . We know that CAMI has run through a bag of files over the last two weeks ; they’re looking to bring some cash in and currently trying to lube up the cash register.
My view on it working back from the ‘partial sale’
As below from the fat tail announcement on the 9th of October ( near 2 weeks ago ) it stated that the reason why cominiere is on the CAMI website instead of Dathcom is because Cominiere headed to a domestic court and got the register changed basically without AVZ knowing ; the order was based on false premise ; cominiere told them the JV was terminated and hence order was given and in turn presented to cami to chance the naming from Dathcom to Cominiere ; so that means no JV in the eyes of the court order (an order issued without AVZ knowing anything about it … pretty typical brown bag DRC court shite
) anyway ; invoicing of fees would then technically only go to cominiere … partial sale … if Dathcom JV was still up on the cami website ; then ‘partial sale’ would not appear on the CAMI website as the 15% would be a transaction within the JVConsidering no JV existing under the cami portfolio until the domestic order is turned over ; the 15% sale is not within a JV and simply a sale from Cominiere to Zijin .
AVZ likely got wind of the processes going through within cami and cominiere being invoice instead of dathcom and so the FatTail ann likely had a double barrel in it ; to fire a shot at FatTail and also put it out there of changes that would reverb out and through panicked shareholders .
Expiree date - something that could change and did change 2-3 days after AVZ’s ann
Cominieres name on the CAMi site - something that couldn’t change at this time due to court order … and didn’t change.
Invoicing - issued to cominiere in lieu of Dathcom … because Cami’s portfolio states this until brown bag court order is rectified.
Partial sale - no JV on the cami website ; so it’s a sale to Zijin .
Propaganda will only intensify as we move towards the AGM . Apparently Zijin had a bus load of lawyers at the ICC case and all feverishly taking notes … no doubt the likes of MMGA / Chinese goons are being prepped to the gills and the shit will flow harder and quicker as the AGM approaches
Just remember all votes count
MoneyBags1348
Top 20
20/10/2023
9cardomaha posted
CAMI has its hands tied, Cominiere are the ones doing the manipulation. Obe articulated my points better, but Cominiere obtained the court order forcing CAMI to change its registry under false pretences.
CAMI can only follow the Lubumbashi High Court verdict, or tell Cominiere to fuck off... if they choose the latter they will likely get side railed by another brown paper bag verdict from another court.
While Manono is an important project, you have to understand that there are other projects in play, new CAMI corrupt or not, isn;t going to go against a court verdict that Cominiere has and sour that relationship without an opposing court order - hence ICSID and negotiations and whatever the fuck else we have going on.
We, unfortunately, cannot provide brown paper bags and snacks so going to local courts is out of the question - chances of feeding enough twisties to the local court against the giant snack granting factories of Cong and Zijin... so ICSID, ICC as leverage to get an over the top decree just wiping the slate clean is a pretty good play. Unless we want to engage in a snack feeding contest....
Also CAMI website has never been that reliable, remember when all those boxes appeared for no fucking reason? Yeah Mupande was still at the helm, but fuck me the system sucks massive dick (no judgement, if you like sucking dick that's fine).
Everyone should be drinking seawater up until the AGM, because i sense this clusterfuck has just started to heat up. How long has it been since we talked about the hydroplant? Why the fuck now? Last time i think it was discussed with this much focus was... right before last year's roadshow.
Also to add to the northern split shit - Zijin have been at it since feb this year, with even earlier attempts in 2022 using their purported 15% to trade for the north blah blah blah. But it's been sidelined for almost an entire year - if nige hadn't had the discussions with felix, or we didn't have some pull in the DRC, that northern split deal would have been rubber-stamped immediately, it is currently dead in the water, hence ZJ trying other tactics to get something.
9cardomaha posted
CAMI has its hands tied, Cominiere are the ones doing the manipulation. Obe articulated my points better, but Cominiere obtained the court order forcing CAMI to change its registry under false pretences.
CAMI can only follow the Lubumbashi High Court verdict, or tell Cominiere to fuck off... if they choose the latter they will likely get side railed by another brown paper bag verdict from another court.
While Manono is an important project, you have to understand that there are other projects in play, new CAMI corrupt or not, isn;t going to go against a court verdict that Cominiere has and sour that relationship without an opposing court order - hence ICSID and negotiations and whatever the fuck else we have going on.
We, unfortunately, cannot provide brown paper bags and snacks so going to local courts is out of the question - chances of feeding enough twisties to the local court against the giant snack granting factories of Cong and Zijin... so ICSID, ICC as leverage to get an over the top decree just wiping the slate clean is a pretty good play. Unless we want to engage in a snack feeding contest....
Also CAMI website has never been that reliable, remember when all those boxes appeared for no fucking reason? Yeah Mupande was still at the helm, but fuck me the system sucks massive dick (no judgement, if you like sucking dick that's fine).
Everyone should be drinking seawater up until the AGM, because i sense this clusterfuck has just started to heat up. How long has it been since we talked about the hydroplant? Why the fuck now? Last time i think it was discussed with this much focus was... right before last year's roadshow.
Also to add to the northern split shit - Zijin have been at it since feb this year, with even earlier attempts in 2022 using their purported 15% to trade for the north blah blah blah. But it's been sidelined for almost an entire year - if nige hadn't had the discussions with felix, or we didn't have some pull in the DRC, that northern split deal would have been rubber-stamped immediately, it is currently dead in the water, hence ZJ trying other tactics to get something.
MoneyBags1348
Top 20
20/10/2023
Carlos Replied To 9cardomaha
The MoM has the power to refuse Cominiere's claims. She's blatantly ignored the mining code to give Cominiere what it wants so far. Hopefully the MoJ has power to overrule her but Franck Fwamba says that's unprecedented. Any chance you can get your hands on any paperwork relating to Dathcom's right of appeal?
Carlos Replied To 9cardomaha
The MoM has the power to refuse Cominiere's claims. She's blatantly ignored the mining code to give Cominiere what it wants so far. Hopefully the MoJ has power to overrule her but Franck Fwamba says that's unprecedented. Any chance you can get your hands on any paperwork relating to Dathcom's right of appeal?
MoneyBags1348
Top 20
21/10/2023
Carlos Posted
Another thing that is bugging me about Cominiere being granted a renewal of PR is that they should be required to cede 50% of 13559 in an ordinary renewal under Article 62 of the mining code. It happened to us with 4029 and 4030. Seems really fucking odd to me that this hasn't been followed and why Cominiere would need to be given a PR renewal until 2027 if it was going back to Dathcom for an imminent ML. Perhaps that is what this 'cession partielle' is all about.
Once a PE application is submitted the need for renewal of PR is gone. It's either ML or pineapples. It just doesn't add up that the MoM did this for regulatory reasons or as part of some grand plan to give the whole tenement back to us. This order came from the MoM. She has the power to ignore Cominiere's claims. If you need proof of her authority to make decisions on claims read Nigel's letter to her after the initial decrees were cancelled which is all about how she is ignoring ours. Given the need and urgency.
"To Her Excellency the Minister of Mines of the D.R. Congo in Kinshasa/Gombe
The company DATHCOM MINING SA acknowledges receipt in a state of shock and surprise your two irregular Ministerial Orders in form and substance while it was waiting to be notified on the calculation of the surface rights that was in the process of carry out the Mining Cadastre. DATHCOM fiercely opposes your approach which has violated the relevant provisions of the Congolese Mining Code which it intends to demonstrate in the following lines.
We have the feeling of being the victim of a political decision whose real and sincere motivations we do not know. Your two ministerial decrees show that all these facts constitute acts of the prince because they are without any legal basis and are not based on the Mining Code as amended in 2018.
The fact that you responded to the request of the company COMINIERE SA which is not a holder of mining titles and therefore you create a dangerous case law to receive the request of a shareholder whose acts are not permitted by the Mining Code but also whose quality of Mr. Célestin KIBEYA is called into question because he was not appointed by 'Presidential Ordinance' as required. Despite this irregularity, you had nevertheless taken these decisions which cannot survive in legal commerce nor produce its effects.
This is completely abnormal, and legally untenable, that your jurisdiction can leave unexecuted an act that it has enacted and whose legality is beyond the shadow of any doubt because it was approved on favorable opinions, and that you can embark on a painful and perilous process to try to assess, a posteriori, the legality of your decision, especially since respecting legality is a concem that must be manifested at the time of the enactment of the act or even, better, during its elaboration, never after its enactment.
Moreover, the simple basic rules were not respected, in particular the nights of the defense and your Excellency did not even decide to call the applicant to hear his version of the facts and the Mining Code established the principle that decisions must be motivated and to date none of the reasons relating purely to company law raised by Mr. Celestin KIBEYA (whose personal motivations remain obscure) can support the illegal nature of the decision to grant."
Carlos Posted
Another thing that is bugging me about Cominiere being granted a renewal of PR is that they should be required to cede 50% of 13559 in an ordinary renewal under Article 62 of the mining code. It happened to us with 4029 and 4030. Seems really fucking odd to me that this hasn't been followed and why Cominiere would need to be given a PR renewal until 2027 if it was going back to Dathcom for an imminent ML. Perhaps that is what this 'cession partielle' is all about.
Once a PE application is submitted the need for renewal of PR is gone. It's either ML or pineapples. It just doesn't add up that the MoM did this for regulatory reasons or as part of some grand plan to give the whole tenement back to us. This order came from the MoM. She has the power to ignore Cominiere's claims. If you need proof of her authority to make decisions on claims read Nigel's letter to her after the initial decrees were cancelled which is all about how she is ignoring ours. Given the need and urgency.
"To Her Excellency the Minister of Mines of the D.R. Congo in Kinshasa/Gombe
The company DATHCOM MINING SA acknowledges receipt in a state of shock and surprise your two irregular Ministerial Orders in form and substance while it was waiting to be notified on the calculation of the surface rights that was in the process of carry out the Mining Cadastre. DATHCOM fiercely opposes your approach which has violated the relevant provisions of the Congolese Mining Code which it intends to demonstrate in the following lines.
We have the feeling of being the victim of a political decision whose real and sincere motivations we do not know. Your two ministerial decrees show that all these facts constitute acts of the prince because they are without any legal basis and are not based on the Mining Code as amended in 2018.
The fact that you responded to the request of the company COMINIERE SA which is not a holder of mining titles and therefore you create a dangerous case law to receive the request of a shareholder whose acts are not permitted by the Mining Code but also whose quality of Mr. Célestin KIBEYA is called into question because he was not appointed by 'Presidential Ordinance' as required. Despite this irregularity, you had nevertheless taken these decisions which cannot survive in legal commerce nor produce its effects.
This is completely abnormal, and legally untenable, that your jurisdiction can leave unexecuted an act that it has enacted and whose legality is beyond the shadow of any doubt because it was approved on favorable opinions, and that you can embark on a painful and perilous process to try to assess, a posteriori, the legality of your decision, especially since respecting legality is a concem that must be manifested at the time of the enactment of the act or even, better, during its elaboration, never after its enactment.
Moreover, the simple basic rules were not respected, in particular the nights of the defense and your Excellency did not even decide to call the applicant to hear his version of the facts and the Mining Code established the principle that decisions must be motivated and to date none of the reasons relating purely to company law raised by Mr. Celestin KIBEYA (whose personal motivations remain obscure) can support the illegal nature of the decision to grant."
MoneyBags1348
Top 20
21/10/2023
Carlos Posted
How it looks now:
How it looked yesterday:
How it looked 2 days ago:
The opinions and research I share are my own and I am not licensed. External links are not recommended. To be safe, conduct your own research or seek advice from a licensed financial advisor.
Carlos Posted
Just checked the CAMI portal and a company called Manono Lithium have made an application on 19/10/23 for 125 carres of 13359 in the north. This split is not the same size as the previous partition which was 82 carres in the north. The screenshots I took in the last few days did not have this application so it was added last night.
How it looks now:
How it looked yesterday:
How it looked 2 days ago:
The opinions and research I share are my own and I am not licensed. External links are not recommended. To be safe, conduct your own research or seek advice from a licensed financial advisor.
MoneyBags1348
Top 20
21/10/2023
Winenut Posted
Have a look at the satellite imagery around 15775 for Manono Lithium
Recognise where RD and CDL are sitting in the above image???
Here's a simple reminder which also clearly references Lake Likushi
And can you spot the purple partition line in the greater 13359 permit that currently has a status of "actif en cours de Cession Partielle"
Winenut Posted
Have a look at the satellite imagery around 15775 for Manono Lithium
Recognise where RD and CDL are sitting in the above image???
Here's a simple reminder which also clearly references Lake Likushi
And can you spot the purple partition line in the greater 13359 permit that currently has a status of "actif en cours de Cession Partielle"
MoneyBags1348
Top 20
MoneyBags1348
Top 20
21/10/2023
9cardomaha posted
My original intel was a split for 152... never shared (publicly) because it wasn't substantiated and a whole lot of plot holes in the content.
With the update to CAMI, not sure who the fuck Manono Lithium are, but trying to find out. It would make sense if it is ZJ + Cominiere under a 60/40 split. I recall in July they set up some shady fucking company, will double check to see if i have the registry stuff on the company.
Again don't board the hysteria train, most of this is operated under Cominiere's dumbass presumption that 13359 has been returned in full to them because of 'unharmonious relations' stated in 000031. This is not a fucking reason to terminate PR and the base arguement for ICSID. Every lawyer friend i've spoken to believes ICSID case is fucking game over red rover for DRC because, its a fucking weak ass argument and its not part of the DRC mining code (not that law and order mean jack shit in the DRC).
When parties engage in business with different core understandings and presumptions of ownership, but one has snacks and brown paper bags to throw around, they're going to do what corrupt fucks do. AVZ holding its positions at ICC and ICSID to push for a clean slate and clarity on the matter from a third party or at least a neutral party is imperative.
MMGA's fucking statements about ICC and these litigations being useless is fucking looney toons material and not the good kind, Space Jam 3 type of dog shit.
22/10/2023
Carlos Reply To 9cardomaha
At the time, the intel would mean the south would only be 69 carres. This would then go to Dathcom, i believe this was tabled to Nige, but likely a hard pass for obvious reasons.
Nigel's letter (Specifically Section 14) on the 3rd of February 2023 is the appeal. I'm guessing there's no other paperwork involved. The MoM is not allowed to cancel acquired rights unless the holder doesn't appeal, the appeal is time barred or the appeal is rejected under Article 290 of the mining code. Franck Fwamba says the response to this has a 14 day time limit but I can't find the legislation for that.
According to Franck Fwamba the MoM just ignored us. Under Article 319 of the mining code this leads to arbitration under the ICSID convention. As Dathcom is a national of the state for legal purposes we would would have needed to provide 3 arbitration options to the DRC government and when we presumably received no response to that either after 3 months we then had 30 days in which to tell them which arbitral tribunal we had chosen.
Which adds up to around mid May as the earliest we could have applied for the ICSID and our claim was processed by them in early June. AVZ said in the October 9th announcement that the DRC government only took an interest in talking to us again when it received the ICSID paperwork. Seems the delay in launching our claim was more procedural than anything else imo
Last edited: Today at 1:20 AM
9cardomaha posted
@9cardomaha
My original intel was a split for 152... never shared (publicly) because it wasn't substantiated and a whole lot of plot holes in the content.
With the update to CAMI, not sure who the fuck Manono Lithium are, but trying to find out. It would make sense if it is ZJ + Cominiere under a 60/40 split. I recall in July they set up some shady fucking company, will double check to see if i have the registry stuff on the company.
Again don't board the hysteria train, most of this is operated under Cominiere's dumbass presumption that 13359 has been returned in full to them because of 'unharmonious relations' stated in 000031. This is not a fucking reason to terminate PR and the base arguement for ICSID. Every lawyer friend i've spoken to believes ICSID case is fucking game over red rover for DRC because, its a fucking weak ass argument and its not part of the DRC mining code (not that law and order mean jack shit in the DRC).
When parties engage in business with different core understandings and presumptions of ownership, but one has snacks and brown paper bags to throw around, they're going to do what corrupt fucks do. AVZ holding its positions at ICC and ICSID to push for a clean slate and clarity on the matter from a third party or at least a neutral party is imperative.
MMGA's fucking statements about ICC and these litigations being useless is fucking looney toons material and not the good kind, Space Jam 3 type of dog shit.
22/10/2023
Carlos Reply To 9cardomaha
At the time, the intel would mean the south would only be 69 carres. This would then go to Dathcom, i believe this was tabled to Nige, but likely a hard pass for obvious reasons.
So was the catalyst for launching the ICSID the 14 day period needed for the MoM to grant us our right of appeal on the cancellation of the ML followed by the 3 month period for absence of arbitration approval or objection by the DRC?
Nigel's letter (Specifically Section 14) on the 3rd of February 2023 is the appeal. I'm guessing there's no other paperwork involved. The MoM is not allowed to cancel acquired rights unless the holder doesn't appeal, the appeal is time barred or the appeal is rejected under Article 290 of the mining code. Franck Fwamba says the response to this has a 14 day time limit but I can't find the legislation for that.
According to Franck Fwamba the MoM just ignored us. Under Article 319 of the mining code this leads to arbitration under the ICSID convention. As Dathcom is a national of the state for legal purposes we would would have needed to provide 3 arbitration options to the DRC government and when we presumably received no response to that either after 3 months we then had 30 days in which to tell them which arbitral tribunal we had chosen.
Which adds up to around mid May as the earliest we could have applied for the ICSID and our claim was processed by them in early June. AVZ said in the October 9th announcement that the DRC government only took an interest in talking to us again when it received the ICSID paperwork. Seems the delay in launching our claim was more procedural than anything else imo
Last edited: Today at 1:20 AM
Last edited:
Winenut
Go AVZ!
MoneyBags1348
Top 20
23/10/2023
Carlos Posted
A good example is the Dathomir 15% which we have good legal title to but don't currently own on the RCCM within the DRC due to multiple court cases that Cong won. I did read through the decisions and the tldr is they were criminal cases dealing with the validity of the creation of the share certificates not a decision on the merits of Cong's claims to the termination per se. The judge repeatedly recognises the need for this matter to be heard by an 'arbitral judge'.
For the PR renewal in Cominiere's name CAMI are following the MoM's decree. And I suspect we are about to see another one for the partition of the north. She has repeatedly backed Cominiere's claims since the beginning of this year and I see no indication that has changed. If she wanted to give us back the tenement she could have. She is the one with authority not Cominiere.
Or do you have a reason to think the PR renewal decree is also not to be taken seriously?
Carlos Posted
There is a clear distinction between AVZ and Dathcom's good legal titles and the legal situation within the DRC
A good example is the Dathomir 15% which we have good legal title to but don't currently own on the RCCM within the DRC due to multiple court cases that Cong won. I did read through the decisions and the tldr is they were criminal cases dealing with the validity of the creation of the share certificates not a decision on the merits of Cong's claims to the termination per se. The judge repeatedly recognises the need for this matter to be heard by an 'arbitral judge'.
For the PR renewal in Cominiere's name CAMI are following the MoM's decree. And I suspect we are about to see another one for the partition of the north. She has repeatedly backed Cominiere's claims since the beginning of this year and I see no indication that has changed. If she wanted to give us back the tenement she could have. She is the one with authority not Cominiere.
Or do you have a reason to think the PR renewal decree is also not to be taken seriously?
MoneyBags1348
Top 20
24/10/2023
9cardomaha replied to Carlos
9cardomaha replied to Carlos
So they want a refund on the 15% from Dathcom and then use it to get 61% of 125 carres？
MoneyBags1348
Top 20
24/10/2023
Carlos Posted
Fun fact Zijin brought the ICC case and can drop it anytime they want. And the MoU deal will lead to the dropping of all litigation against the DRC and its controlled entities so that means no Cominiere ICC case. Relevant disputes refers to control of Mpiana Mwanga imo
'According to the joint venture agreement signed by Jinxiang Lithium and COMINIERE, after the Project Company acquires the exploration rights numbered PR15775, COMINIERE agrees to directly deduct the purchase price of USD 33.44 million for the 15% equity in Dathcom from the amount payable by Jinxiang Lithium to obtain a 61% equity interest in the Project Company.'
Carlos Posted
Fun fact Zijin brought the ICC case and can drop it anytime they want. And the MoU deal will lead to the dropping of all litigation against the DRC and its controlled entities so that means no Cominiere ICC case. Relevant disputes refers to control of Mpiana Mwanga imo
'According to the joint venture agreement signed by Jinxiang Lithium and COMINIERE, after the Project Company acquires the exploration rights numbered PR15775, COMINIERE agrees to directly deduct the purchase price of USD 33.44 million for the 15% equity in Dathcom from the amount payable by Jinxiang Lithium to obtain a 61% equity interest in the Project Company.'
MoneyBags1348
Top 20
24/10/2023
Carlos Posted
This is what spooked Felix about the gringos into negotiating with us. AVZ says it is in possession of evidence that shows potential improper and illegal conduct of a number of the parties involved that could lead to bribery and corruption charges. Felix personally wrote a letter to Biden literally the day before we went into suspension last year pleading for Dan Gertler's sanctions under the Magnitsky act to be dropped. Felix doesn't care about a potential damages claim that could be years away. He wants to avoid having his government officials and others close to him involved in the blatant corruption around Manono sanctioned imo
Here's a copy of the letter. Try not to laugh when he talks about how dropping the sanctions is necessary for attracting investors to the DRC.
Carlos Posted
This is what spooked Felix about the gringos into negotiating with us. AVZ says it is in possession of evidence that shows potential improper and illegal conduct of a number of the parties involved that could lead to bribery and corruption charges. Felix personally wrote a letter to Biden literally the day before we went into suspension last year pleading for Dan Gertler's sanctions under the Magnitsky act to be dropped. Felix doesn't care about a potential damages claim that could be years away. He wants to avoid having his government officials and others close to him involved in the blatant corruption around Manono sanctioned imo
Here's a copy of the letter. Try not to laugh when he talks about how dropping the sanctions is necessary for attracting investors to the DRC.
MoneyBags1348
Top 20
24/10/2023
9card posted
9card posted
They've said the PROJECT, so that should be 15775 which is open to dispute. So they fucking well know its bullshit how they've done this and have opened themselves to more legal action from us.... They are also aware that the foundation of all of this is the 100% return of 13359 to Cominiere which is being fought at ICSID so it could all be winded back.
Waiting for DRC morning to see if we can get a copy and add it to my file for ICSID, clear fucking violations top to bottom.
MoneyBags1348
Top 20
26/10/2023
Guru Dukun Posted
resourcecontracts.org
Guru Dukun Posted
ResourceContracts.org - Search Contracts
Search ResourceContracts.org using different criteria - year signed, company name, contract type, annotation category.
resourcecontracts.org
Dave Evans
Regular
29/10/2023
Retrobyte Posted
Sharing a quite balanced article out of China that a couple of the lads here tracked down .....
https://xueqiu.com/1291909236/264441801
Published on 2023-10-25 14:19
from snowball · Jiangsu
$Zijin Mining (SH601899)$ issued an evening announcement yesterday,The company was invited to lead the exploration and development of the world-class lithium mine Manono Northeast Project.It is understood,Manono lithium mine PR13359 exploration rights have been returned and registered to Cominiere (Congo Mining Development Corporation)under one's name.According to the joint venture agreement between Zijin and Cominiere,The two parties hold the northeast part of the exploration right through Manono Lithium.(Exploration Rights No. PR15775),Among them, Zijin Mining holds 61% of the equity of the joint venture.,Cominiere holds 39% interest.
It was noted that Zijin Mining, which has always been strict in information disclosure, used the following words in its announcement:"Northeast part of the mining rights project",rather than the Northeast"A certain project".alert immediately,Mining rights were split!Some friends in the industry asked about this on WeChat,I took some time out from my busy schedule to type out a few paragraphs of text..
1-Significant reshuffle and division of mining rights.The original PR13359 was split into two,Cominiere acquires flagship resource area,Zijin obtains the best prospect exploration area in Northeast China.
The original outer exploration rights of Manono’s northeast extension and southwest extension were randomly cut up.,Congolese environmental and mining consultancy to divide outer extension; AVZ only retains the external extensions after castration,And its mineral rights are surrounded by exploration blocks of the Congolese Environmental and Mining Consulting Company.
The two pictures above reflect the aftermath of the Manono incident,The mysterious operation of mineral rights changes in core areas.The original PR13359 was split into new PR13359 and PR15775,The former is owned by Cominiere,The latter is controlled and dominated by Zijin Miningthrough cooperative companies.The original peripheral PR4029 and PR4030 were cannibalized and divided.,AVZ currently holds only the yellow area in the picture above,Congolese environmental and mining consultancy holds green zone.
2- The flagship mining right PR13359 was taken back by the government,The discovered core lithium resources are fully controlled by Cominiere.
Although the project is called Manono,However, the resources discovered by AVZ exploration are actually in the Kitotolo Pegmatite Belt.,rather than the Manono pegmatite belt.Areas where AVZ has carried out extensive exploration discoveries and submitted resource estimates in the past,Strictly limited to the lower left corner of the picture below,That is, in the Roche Dure pegmatite in the southwest area,The resource estimation results are shown in the table below.
3- PR15775 controlled by Zijin Mining does not include proven high-grade lithium ore resources,However, the exposed Manono pegmatite zone,In addition, AVZ’s past exploration has already discovered mineralization through drilling.,Exploration prospects are very good.
According to AVZ official website information,The MO17DD007 borehole constructed as early as 2017 discovered ore thickness of up to 251 meters in the Carriere de I'Este pegmatite in the Manono pegmatite belt.,Li2O grade is as high as 1.48%,Mineralization at 913 ppm tin grade.
3- Zijin Mining’s previous deal to purchase 15% of Dathcom’s shares was completed"reconciliation",The acquisition price of US$33.44 million was directly used to obtain 61% of the equity consideration of the PR15775 exploration rights project company..Zijin Mining becomes one of the foreign-funded enterprises that invested in the original Manono project,So far the only company that has received equity rebalancing.
4-Commentary and analysis of future trends of the Manono lithium mine incident:
Zijin Mining has occupied the mining news attention of Chinese people for nearly two months.,First, PNG’s Porgera gold mine won new mining rights,Then the investment in the Manono lithium mine project was rebalanced and equity repaid,Demonstrate the ability of large international mining companies to respond to and resolve national risks.
This operation of the Democratic Republic of the Congo government is quite outrageous; Obviously there is someone behind the scenes to help; Both sides, Can advance or retreat!
Government-related transfer of 15% stake in Zijin Mining received amicable settlement and equity rebalancing payment.The core lithium ore resources discovered by the original AVZ are classified into the new PR13559 and are controlled by Cominiere,Not moving for now.One side can still continue negotiations with the Australian government or AVZ listed companies with strong international influence,On the one hand, we can still wait quietly for the outcome of the international arbitration in Paris..after all,Under strong diplomatic pressure from the Five Eyes alliance countries,The Congolese government will not make any rash decisions in the short term..This leaves a way for AVZ to regain the Roche Dure core mineral resources of the Manono project in some way in the future..
Due to settlement and equity rebalancing,Zijin Mining seems to have temporarily withdrawn from investment in the core Roche Dure lithium mine.,Of course, we do not rule out seeking investment in the future..But to some extent,Zijin Mining currently occupies a favorable track.Obtain very favorable prospecting rights,And won the development rights of hydropower stations in the region,The highway to Manono is also advancing.Zijin Mining is racing against time,If PR15775 obtains exploration findings as soon as possible,and build the mine quickly,In the future, obtaining the development rights of the core resources in the new PR13559 will occupy the first-mover advantage..
AVZ is under great pressure now!From a legal perspective,The current embarrassing situation is that the mining rights of the projects that were originally controlled have been divided and divided, leaving only the useless narrow corridor of the second ring road.,and surrounded by three peripheral rings controlled by Congolese Environmental and Mining Consulting Company.Faced with capital market shareholders again"Inadequate, timely and transparent disclosure"Waiting for prosecution.same,Today’s ASX disclosure still did not mention the latest mineral rights split and split..
The future of the Manono lithium mine remains unclear.Reconciliation of the dispute over the transfer of 15% equity of the original project company,Removes obstacles for AVZ to assert reasonable expectations of its future 66% stake.Have a premonition,The Congolese government is eager to seek political and economic support from the West,At the same time, due to political pressure from the United States and other Western countries,,It is likely that the new PR13559 will eventually be subjected to a series of harsh conditions"transfer"at AVZ.
Sure enough,Zijin Miningis likely to be able to protect its interests in it
Retrobyte Posted
Sharing a quite balanced article out of China that a couple of the lads here tracked down .....
https://xueqiu.com/1291909236/264441801
Published on 2023-10-25 14:19
from snowball · Jiangsu
Manono lithium mine shuffle,Zijin Mining receives equity rebalancing
Walking Stone2023-10-24$Zijin Mining (SH601899)$ issued an evening announcement yesterday,The company was invited to lead the exploration and development of the world-class lithium mine Manono Northeast Project.It is understood,Manono lithium mine PR13359 exploration rights have been returned and registered to Cominiere (Congo Mining Development Corporation)under one's name.According to the joint venture agreement between Zijin and Cominiere,The two parties hold the northeast part of the exploration right through Manono Lithium.(Exploration Rights No. PR15775),Among them, Zijin Mining holds 61% of the equity of the joint venture.,Cominiere holds 39% interest.
It was noted that Zijin Mining, which has always been strict in information disclosure, used the following words in its announcement:"Northeast part of the mining rights project",rather than the Northeast"A certain project".alert immediately,Mining rights were split!Some friends in the industry asked about this on WeChat,I took some time out from my busy schedule to type out a few paragraphs of text..
1-Significant reshuffle and division of mining rights.The original PR13359 was split into two,Cominiere acquires flagship resource area,Zijin obtains the best prospect exploration area in Northeast China.
The original outer exploration rights of Manono’s northeast extension and southwest extension were randomly cut up.,Congolese environmental and mining consultancy to divide outer extension; AVZ only retains the external extensions after castration,And its mineral rights are surrounded by exploration blocks of the Congolese Environmental and Mining Consulting Company.
The two pictures above reflect the aftermath of the Manono incident,The mysterious operation of mineral rights changes in core areas.The original PR13359 was split into new PR13359 and PR15775,The former is owned by Cominiere,The latter is controlled and dominated by Zijin Miningthrough cooperative companies.The original peripheral PR4029 and PR4030 were cannibalized and divided.,AVZ currently holds only the yellow area in the picture above,Congolese environmental and mining consultancy holds green zone.
2- The flagship mining right PR13359 was taken back by the government,The discovered core lithium resources are fully controlled by Cominiere.
Although the project is called Manono,However, the resources discovered by AVZ exploration are actually in the Kitotolo Pegmatite Belt.,rather than the Manono pegmatite belt.Areas where AVZ has carried out extensive exploration discoveries and submitted resource estimates in the past,Strictly limited to the lower left corner of the picture below,That is, in the Roche Dure pegmatite in the southwest area,The resource estimation results are shown in the table below.
3- PR15775 controlled by Zijin Mining does not include proven high-grade lithium ore resources,However, the exposed Manono pegmatite zone,In addition, AVZ’s past exploration has already discovered mineralization through drilling.,Exploration prospects are very good.
According to AVZ official website information,The MO17DD007 borehole constructed as early as 2017 discovered ore thickness of up to 251 meters in the Carriere de I'Este pegmatite in the Manono pegmatite belt.,Li2O grade is as high as 1.48%,Mineralization at 913 ppm tin grade.
3- Zijin Mining’s previous deal to purchase 15% of Dathcom’s shares was completed"reconciliation",The acquisition price of US$33.44 million was directly used to obtain 61% of the equity consideration of the PR15775 exploration rights project company..Zijin Mining becomes one of the foreign-funded enterprises that invested in the original Manono project,So far the only company that has received equity rebalancing.
4-Commentary and analysis of future trends of the Manono lithium mine incident:
Zijin Mining has occupied the mining news attention of Chinese people for nearly two months.,First, PNG’s Porgera gold mine won new mining rights,Then the investment in the Manono lithium mine project was rebalanced and equity repaid,Demonstrate the ability of large international mining companies to respond to and resolve national risks.
This operation of the Democratic Republic of the Congo government is quite outrageous; Obviously there is someone behind the scenes to help; Both sides, Can advance or retreat!
Government-related transfer of 15% stake in Zijin Mining received amicable settlement and equity rebalancing payment.The core lithium ore resources discovered by the original AVZ are classified into the new PR13559 and are controlled by Cominiere,Not moving for now.One side can still continue negotiations with the Australian government or AVZ listed companies with strong international influence,On the one hand, we can still wait quietly for the outcome of the international arbitration in Paris..after all,Under strong diplomatic pressure from the Five Eyes alliance countries,The Congolese government will not make any rash decisions in the short term..This leaves a way for AVZ to regain the Roche Dure core mineral resources of the Manono project in some way in the future..
Due to settlement and equity rebalancing,Zijin Mining seems to have temporarily withdrawn from investment in the core Roche Dure lithium mine.,Of course, we do not rule out seeking investment in the future..But to some extent,Zijin Mining currently occupies a favorable track.Obtain very favorable prospecting rights,And won the development rights of hydropower stations in the region,The highway to Manono is also advancing.Zijin Mining is racing against time,If PR15775 obtains exploration findings as soon as possible,and build the mine quickly,In the future, obtaining the development rights of the core resources in the new PR13559 will occupy the first-mover advantage..
AVZ is under great pressure now!From a legal perspective,The current embarrassing situation is that the mining rights of the projects that were originally controlled have been divided and divided, leaving only the useless narrow corridor of the second ring road.,and surrounded by three peripheral rings controlled by Congolese Environmental and Mining Consulting Company.Faced with capital market shareholders again"Inadequate, timely and transparent disclosure"Waiting for prosecution.same,Today’s ASX disclosure still did not mention the latest mineral rights split and split..
The future of the Manono lithium mine remains unclear.Reconciliation of the dispute over the transfer of 15% equity of the original project company,Removes obstacles for AVZ to assert reasonable expectations of its future 66% stake.Have a premonition,The Congolese government is eager to seek political and economic support from the West,At the same time, due to political pressure from the United States and other Western countries,,It is likely that the new PR13559 will eventually be subjected to a series of harsh conditions"transfer"at AVZ.
Sure enough,Zijin Miningis likely to be able to protect its interests in it
Dave Evans
Regular
30/10/2023
Carlos Posted
Cominiere's main reasoning for the purported termination of the JVA is the non performance of AVZ in handing over financial records within 90 days upon request and most likely some of the other claims in this letter from December 2022 that the MoM cited in the cancellation decrees as far as I'm aware
The only reference to 'Force Majeure' that I have seen in official documents is in the now confirmed by AVZ to be real new ministerial decree purportedly renewing the PR for Cominiere but it is listed on the citation for CAMI not the Kalemie high court decision
We really need a copy of the high court decision to know why the purported termination of the Dathcom JVA was allowed within the DRC. Not that it matters to our good legal title since a termination claim raised by Cominiere for non performance by AVZ must go through arbitration at the ICC under Article 18.3 then Article 11.1 of the Dathcom JVA.
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Carlos Posted
Cominiere's main reasoning for the purported termination of the JVA is the non performance of AVZ in handing over financial records within 90 days upon request and most likely some of the other claims in this letter from December 2022 that the MoM cited in the cancellation decrees as far as I'm aware
The only reference to 'Force Majeure' that I have seen in official documents is in the now confirmed by AVZ to be real new ministerial decree purportedly renewing the PR for Cominiere but it is listed on the citation for CAMI not the Kalemie high court decision
We really need a copy of the high court decision to know why the purported termination of the Dathcom JVA was allowed within the DRC. Not that it matters to our good legal title since a termination claim raised by Cominiere for non performance by AVZ must go through arbitration at the ICC under Article 18.3 then Article 11.1 of the Dathcom JVA.
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