AVZ Discussion 2022

[Rechnerhand]

This dude with a broken backbone is still alowed to show up his face ...

In his speech, he emphasized that the DRC, under the vision of the President of the Republic, Félix Tshisekedi, aims to become a major player in the production and export of lithium, particularly thanks to the Manono deposit.

 

[Schnitzelfresser]

@Dave: As a German I doubt this homepage is read by economists and politicians. Never heard or read of it.

 

[ozmacca]

Nigel got hoodwinked by Kobold last year . Can happen to the best of us . DRC playing games with all sides is my guess . China pulling strings . IMO

Would be nice if we were the ones doing the actual hoodwinking... for the first time in the history of this stock!

 

[Flight996]

Just FI...

Australian funder backs lithium claim against Mexico

A UK mining company says it will make good on a threatened investment treaty claim against Mexico over a cancelled lithium project after it secured financing from Australia’s Litigation Capital Management.

globalarbitrationreview.com

The UK-based company is Cadence Minerals and its ICSID claim relates to its Sonora Lithium project, one of the world's largest lithium deposits.

Issue:
In August 2023, the Mexican government cancelled the mining concessions for the project following the country's nationalisation of its lithium sector in 2022.

Claim:
Cadence and its subsidiary REM Mexico argue that these actions effectively "destroyed the value" of their investment and breached the UK-Mexico Bilateral Investment Treaty (BIT), specifically protections against unlawful expropriation and unfair treatment.

Partner:
Cadence holds a 30% interest in the joint venture companies holding these concessions, alongside the Chinese lithium giant Ganfeng Lithium, which is also pursuing its own legal action against Mexico. In June 2024, Gangfeng (70% owner) initiated ICSID proceedings (ARB/24/21) against Mexico.

While the Mexican govt did its thing through legislative channels but without compensation (rightly or wrongly), the DRC did its thing through its nationally recognised process, govt sanctioned graft and corruption.

Cheers
F