AVZ 0.00% 78.0¢ avz minerals limited

Why are you all of a sudden allergic to copy and pasting the...

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    Why are you all of a sudden allergic to copy and pasting the same thing over and over? Will you condemn Cominiere and Zijin?

    Evidence of conspiracy to misappropriate Manono Project

    Evidence of conspiracy to misappropriate Manono Project The Company refers to its previous ASX announcements relating to the Company’s views that Jin Cheng Mining Company (Jin ChengJin Cheng), which is a subsidiary of Zijin Mining Group Co Limited (ZijinZijin), Congolaise D’Exploitation Miniere SA (CominièreCominière) and Dathomir Mining Resources SARLU (DathomirDathomir) are acting in concert with a view to misappropriating the Manono Project from Dathcom Mining SA (DathcomDathcom) and the Company.

    In particular, it will be recalled that the Company has stated that: “AVZ believes Jin Cheng, Cominière and Dathomir are acting in concert to crystalise disputes with AVZ and disrupt and delay the development of the Manono Project with the aim of seizing control of the Manono Project” (refer to ASX announcement dated 27 September 2023 titled Arbitration Proceedings Update).
    That Jin Cheng and Cominière are acting in concertJin Cheng and Cominière are acting in concert has since become clear including by reason of the purported surrender by Cominière of the northern portion of PR 13359 so that PR 15775 could be granted to Manono Lithium SAS in which Cominière and another subsidiary of Zijin hold shares (refer to ASX announcement dated 30 October 2023 titled Zijin Response).

    The Company has now succeeded in obtaining orders from the ICC arbitral tribunal compelling Dathomir to produce documents which includes evidence that Dathomir is also acting in concert with CominièreDathomir is also acting in concert with Cominière. Attached to this announcement is a machine translation of an agreement between Cominière and Dathomir dated 19 May 2023 under which Cominière and Dathomir have agreed to misappropriate PR 13359 from Dathcom and transfer it to a new company in which Cominière and Dathomir hold shares, but the Company and Dathcom do not.
    Last edited by Timb89: 14/05/24
 
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