AVZ Discussion 2022
- Thread starter GazDix
- Start date
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.
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.
LOCKY82
Regular
There are only two types of Arbitration Cases - pending and concluded
I would hope for an update of some sort today from BoD
There are sub statuses within those that can update the current pending position or the concluded result.
Winenut
GO AVZ!!!!
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"
Anyway that's just my 2c worth
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.
Winenut
GO AVZ!!!!
and reading back I think @protoje and his mate Grok had already basically said thisView attachment 87525
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"
Anyway that's just my 2c worth
I imagine we'll get an update today or in the following days
Only you got there with free thought and without AI. Bit disappointing I have to say. I’d say Nige is having to play hard ball.
I think I remember reading some time ago parties have 60 days to decide re hearing after suspension . Grok sees it differently .View attachment 87525
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"
Anyway that's just my 2c worth
The ICSID Arbitration Rules (2022) do not specify a fixed time period for parties to decide on a hearing date after a suspension is lifted. Instead, the process is flexible and depends on the circumstances of the case.
Re: I’d say Nige is having to play hard ball.
And spare some thought for the poor KoBold negotiators.
What must they be thinking when face-to-face with lying, thieving and totally corrupt rent-seeking DRC officials. Poor bastards. They'll need some serious counseling when all this is concluded.
Moreover, Manono has at least twenty years mine life. That means at least twenty more years of KoBold dealing with odious DRC kleptocrats and their corrupt legal system. Good luck.
Last edited:
View attachment 87525
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"
Anyway that's just my 2c worth
While a little dissapointing the resumption of proceedings ws to be expected. The important thing now is the new trial date ( originally 3rd or 5th i recall). Iam unsure of the process at ICSID to come up with a new date but it isnt unrealistic to expect the new date could easily be another month or more away which gives room for the signing of the peace deal leading to the sign off on our sales agreement with Kobold.
My thoughts are that another temporary suspension is quite likely as ICSID case will not be terminated until cash is in our bank or the deal is absolutely iron clad
Looking forward to Friday for signing of the peace accord
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