AVZ Discussion 2022

Retrobyte

Hates a beer
I think what this means is that the case suspension is over, and it is up to the parties to let the court know how they would like to proceed from here
 
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Flight996

Regular
Timely summary from Kiki on the Bird.

Re: AVZ also won a partial ICSID ruling against the Congolese state to obtain the license's return, and plans to suspend these actions if a solid agreement is reached.

I was unaware that the ICSID had made any rulings at this early juncture.

The restoration of AVZ's mining licence is the key to successful negotiations and a deal. There is no deal without it.

Cheers
F
 
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Mute22

Regular
Courts are like, wtf do you chuckleheads want us to do?

Sad John Cena GIF
 
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Samus

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Looks like DRC didn't want to negotiate imo.
 
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Mickyb64

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Fingers crossed the ceasefire in the Middle East will allow a focus back onto the DRC.
 
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LOCKY82

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The peace deal must come first, that's the first domino imo
 
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Misfits

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Samus

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Why would you think that? Quite the contrary I would think.
I'd think that because the proceedings seem to have recommenced indicating that the DRC didn't take advantage of the 'gesture' offered by AVZ. Obviously there was no out of court settlement as yet.
And because frankly that's how this shitshow generally seems to go.

Let's see what management says. I'm sure we are due an announcement given this development.
 
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JasonM

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update seems a bit confusing to me, unclear what it means. status of proceedings is still pending, that sounds like waiting to get started but latest development says resumed, so ambiguous to me and clear as mud. I think one could read multiple inferences from this depending on how one wants to spin it.
 
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Who is Avenger and what is their track record on predictions? Why and how do they speak with such confidence?
Could be well off but wouldn't be surprised if it's Langford with his writing style and penchant for super heroes...not that it makes much difference either way in this modern day GoT
 
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Mute22

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Could be well off but wouldn't be surprised if it's Langford with his writing style and penchant for super heroes...not that it makes much difference either way in this modern day GoT
Let’s hope for a better written ending than GoT
 
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Flight996

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The peace deal must come first, that's the first domino imo

Mate you are absolutely correct from a big picture perspective.
In the absence of a peace deal, there is no KoBold or RIO or anyone else.

My view is a little narrower... from a negotiation point of view.
In the absence of a ML, there is no certainty, and no AVZ-DRC-KoBold three-way deal.

I clearly failed clear writing at high school.
 
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LOCKY82

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update seems a bit confusing to me, unclear what it means. status of proceedings is still pending, that sounds like waiting to get started but latest development says resumed, so ambiguous to me and clear as mud. I think one could read multiple inferences from this depending on how one wants to spin it.


Maybe pending a new trial date to be set.
 
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Xerof

Flaming 1967
There are only two types of Arbitration Cases - pending and concluded

I would hope for an update of some sort today from BoD

mr bean lol GIF by britbox
 
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Dazmac66

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Lets hope they are just checking the number of zero's after the 12!
 
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protoje

Regular
Grok’s interpretation of the update:

The statement "the proceeding is resumed, pursuant to the parties' agreement" in the context of the AVZ International Centre for Settlement of Investment Disputes (ICSID) case indicates that the arbitration process, which was previously suspended or paused, has restarted based on a mutual agreement between the parties involved—likely AVZ International Pty Ltd (AVZI), Green Lithium Holdings Pte Ltd (GLH), Dathcom Mining SA (Dathcom), and the Democratic Republic of Congo (DRC).



### What This Means:

1. **Resumption of Proceedings**: The ICSID arbitration, initiated by AVZ and its subsidiaries against the DRC over disputes related to the Manono Project (specifically the failure to grant an exploitation permit), was temporarily halted, likely to allow for settlement discussions or other procedural reasons. The resumption means the case is now active again, and the tribunal will continue with the arbitration process, such as reviewing claims, holding hearings, or issuing decisions.



2. **Parties' Agreement**: The phrase "pursuant to the parties' agreement" suggests that both sides (AVZ and the DRC, possibly with other involved entities like Cominière or Dathomir) mutually agreed to restart the proceedings. This could imply that prior negotiations or attempts at settlement either failed or reached a point where continuing the arbitration was deemed necessary. Alternatively, the parties may have agreed to resume to address specific unresolved issues or to proceed with a formal resolution.



3. **Context of the Dispute**: The ICSID case involves AVZ’s claims against the DRC for failing to comply with the DRC Mining Code, particularly regarding the issuance of an exploitation permit for the Manono Project. The resumption suggests that no final settlement was reached during the suspension period (noted in a May 26, 2025, press release from AVZ Minerals Limited about a temporary suspension to facilitate settlement discussions), and the parties are now moving forward with the legal process.
 
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wombat74

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Still some hang time until a hearing date is set/begins for an outcome . Looks like Nigel might have needed to add a little extra heat to the fire.
 
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LOCKY82

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There are only two types of Arbitration Cases - pending and concluded

I would hope for an update of some sort today from BoD

mr bean lol GIF by britbox

There are sub statuses within those that can update the current pending position or the concluded result.
 
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Winenut

GO AVZ!!!!
1750721741553.png


My take on this is that it's the June 23rd so proceedings are automatically "resumed" (being the end date for the temporary suspension)

Further to this the Staus of Proceeding is changed to "Pending"

In that now the proceedings are resumed (after temporary suspension) the ICSID is waiting for the parties to advise them of next agreed steps in the case

That is........if a new date for hearing needs to be set, whether a futher temporary suspension is to be put in place or that the proceedings are going to be ceased all together etc etc etc ....

Not sure how long the parties have to advise the ICSID what they want to do once that temp suspension ended and the procceding has been automatically "resumed" :unsure:

Anyway that's just my 2c worth
 
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Panther22

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Still some hang time until a hearing date is set/begins for an outcome . Looks like Nigel might have needed to add a little extra heat to the fire.
Let’s hope so.
I think only way to get progress is to start airing DRC dirty laundry and DRC folds before it all comes out. Sick of this waiting, delays, uncertainty and lies.
Peace deal totally out of our hands so need to push forward with something we do have control of that might make a domino fall otherwise it’s limbo till l don’t know when.
GLTAH, the after party, whenever that may be should be fun.
 
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