AVZ 0.00% 78.0¢ avz minerals limited

Ann: Arbitration request, page-347

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  1. 1,853 Posts.
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    Well MMCS lost the Manono permit and somehow AVZ ended up with it. So I'm not sure you want the same outcome.....

    https://congopresse.net/rdc-lacaj-sollicite-lintervention-du-gouvernement-dans-laffaire-qui-oppose-la-societe-mmcs-stratetegic1-et-cominiere/

    ... Based on several documents to which it had access, ACAJ demonstrated that COMINIERE acted unfairly towards MMCS by establishing, from the beginning of 2016, links with third-party companies interested in the project in order to discuss potential agreements concerning the exploitation of PE 12202 or deposits located in the territory covered by PE 12202.

    "Since February 2017, the new permit has been majority-owned by an Australian company, AVZ Minerals Limited (AVZ), whose links with COMINIERE date back to the beginning of 2016, before the revocation of PE 12202 and when MANOMIN and MMCS were still holders of PE 12202. AVZ has since then undertaken the exploitation of the new permit using all the infrastructure and preliminary works carried out and financed by MMCS, while there are serious doubts as to its prior payment of pas-de -door,” he continued.


    Sounds like history repeating...
 
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