Tanzania yashindwa kesi, yakubali kuilipa fidia Kampuni ya Montero Tsh. Bilioni 71 kwa kukiuka Masharti ya Mkataba

bagamoyo said:
Montero agrees to US$27 million settlement from Tanzania
November 20, 2024

Toronto, Ontario – November 20, 2024 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) is pleased to report a US$27,000,000 settlement has been reached with the United Republic of Tanzania (“Tanzania”) in the dispute arising out of the expropriation of Montero’s Wigu Hill rare earth element project (“Wigu Hill”).

The settlement sum of US$27,000,000 (approximately CDN $38,000,000) due to Montero is payable in just over 3 months, with payments scheduled as follows:

• US$12,000,000– payable by 20 November 2024 –PAYMENT RECEIVED
• US$8,000,000– on or before 31 January 2025
• US$7,000,000– on or before 28 February 2025

The settlement sum represents ~39% of the US$70,000,000 initially claimed by Montero. This settlement obviates the need for a costly and time-consuming hearing, the risk of an adverse award, enforcement efforts, and finally concludes a near 7-year dispute.

Dr Tony Harwood, President and CEO of Montero commented: “I am pleased Montero was able to reach an amicable settlement with the government of Tanzania to bring a mutually beneficial end to this dispute. This resolution allows both parties to move forward, and we wish Tanzania every success in attracting new mining investment. I would like to thank our shareholders, board, management, and our legal and technical teams, for their valuable contribution to this outcome.”

ICSID Arbitration
Montero and Tanzania have sent a joint request to the arbitral tribunal to suspend the ICSID arbitration proceedings, as the first payment has been received by Montero. Subsequent payments are to be made by the specified dates provided. Provided the final payment has been received by Montero, the parties will request the arbitral tribunal discontinue the ICSID arbitration altogether.

Distribution of Funds
Montero and its litigation funding partner, Omni Bridgeway (Canada) will receive a distribution of the first payment. The second instalment will be distributed to Omni Bridgeway (Canada) and to Montero, and will also cover Montero’s operational needs and legal expenses, including payments to Boies Schiller Flexner UK LLP and Jeantet AARPI. Montero will entirely retain the final instalment.

Montero is planning a return of capital to shareholders where no amount has yet been determined and is subject to accounting review and board approval. In addition, Montero will retain funds to cover legal, taxation, and administrative expenses, including potential costs for arbitral proceedings, or enforcement actions if the second or third instalments are delayed or unpaid. The net amount of the award after repayment to the funder and legal expenses cannot be estimated with certainty and no assurances can be made. Further announcements will be made in due course.

Acknowledgments
The Board would like to especially thank Dr. Tony Harwood for reaching this settlement. Without his perseverance and significant efforts to not only develop Wigu Hill initially, but to then safeguard and recover Montero’s investment speaks to his dedication and commitment to the Company and shareholders. Special thanks also to directors, the balance of management, our loyal shareholders, legal advisers and accounting team for their steadfast support and dedication throughout nearly seven years of efforts to secure compensation for the Company’s investment in the Wigu Hill Rare Earth Project. Montero’s legal team includes Timothy Foden of Boies Schiller Flexner (UK) LLP and Martin Tavaut of Jeantet AARPI. Quantum and technical expertise provided by Dr. Neal Rigby of SRK Consulting (USA) Inc. with full dispute funding secured from Omni Bridgeway, a leading global dispute funder. This unwavering commitment enabled the Board to achieve a favourable outcome for the benefit of shareholders.

Disclaimer
The conclusion of the ICSID arbitration and payment of the remaining instalments is conditional on Tanzania’s compliance with the settlement agreement. The agreement does not provide for any security for the benefit of Montero in case Tanzania would not pay any instalment, in which case Montero can either resume the ICSID arbitration or seek enforcement of the settlement agreement.

About Montero
Montero has agreed to a US$27,000,000 settlement amount to end its dispute with the United Republic of Tanzania for the expropriation of the Wigu Hill rare earth element project. Montero will continue to seek a joint venture partner to advance its Avispa copper-molybdenum project in Chile. Montero’s board of directors and management have an impressive track record of successful

Dr. Antony Harwood, President and Chief Executive Officer​

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Tz ni shamba la bibi
 
Heparin said:
View attachment 3158170

Tanzania inadaiwa kudondokea pua katika mwendelezo wa kesi zinazoikabili ambapo sasa itatakiwa kuilipa Kampuni ya Montero zaidi ya Tsh. Bilioni 71 kama fidia kwa kukiuka masharti ya mkataba.

Inadaiwa kuwa tayari Novemba 20, 2024, Serikali imeshalipa Tsh. Bilioni 30 na zilizobaki inatakiwa kuzilipa mara mbili kati ya January na Februari 2025.

Imekuwa ni kawaida sasa kwa Tanzania kushindwa kwenye mahakama za kimataifa.

Rejea pia kesi hii: Tanzania kuilipa Indiana Resources Ltd Bilioni 237 baada ya kuvunja mkataba mwaka 2018. Yatanguliza Bilioni 92

Kesi nyingine: Wanasheria wa Serikali Wakwama Mahakama ya Kimataifa. Bilioni 300 Kuchotwa

Kwanini hii Serikali inakiuka ovyo mikataba na kutia hasara nchi? Kwanini wanasheria wetu wanatuangusha kiasi hiki? Kwanini kesi hizi zinaendeshwa kimya kimya? Au ni miradi ya upigaji wa watu? Maswali ni mengi.


UFAFANUZI ZAIDI

===​
Click to expand...
Jiwe alikuwa kichaa,bora mama Anafanya vitu kwa utulivu kabisa,
 
Jiwe ndio chanzo ya yote haya, lakini misukule ya jiwe hutosikia hapa wanamlaumu yule dikteta, lawama zao zote atapewa mama sababu sio mwanaparokia mwenzao.
 
Heparin said:
View attachment 3158170

Tanzania inadaiwa kudondokea pua katika mwendelezo wa kesi zinazoikabili ambapo sasa itatakiwa kuilipa Kampuni ya Montero zaidi ya Tsh. Bilioni 71 kama fidia kwa kukiuka masharti ya mkataba.

Inadaiwa kuwa tayari Novemba 20, 2024, Serikali imeshalipa Tsh. Bilioni 30 na zilizobaki inatakiwa kuzilipa mara mbili kati ya January na Februari 2025.

Imekuwa ni kawaida sasa kwa Tanzania kushindwa kwenye mahakama za kimataifa.

Rejea pia kesi hii: Tanzania kuilipa Indiana Resources Ltd Bilioni 237 baada ya kuvunja mkataba mwaka 2018. Yatanguliza Bilioni 92

Kesi nyingine: Wanasheria wa Serikali Wakwama Mahakama ya Kimataifa. Bilioni 300 Kuchotwa

Kwanini hii Serikali inakiuka ovyo mikataba na kutia hasara nchi? Kwanini wanasheria wetu wanatuangusha kiasi hiki? Kwanini kesi hizi zinaendeshwa kimya kimya? Au ni miradi ya upigaji wa watu? Maswali ni mengi.


UFAFANUZI ZAIDI

===

===​
Click to expand...
Matokeo ya wanasiasa kuingilia utendaji kazi wa watumishi ndio hii sasa..
 
Tanzania imekubali kuilipa kampuni ya Montero ya Canada dola milioni 27 ambazo ni 39% ya madai ya awali kama fidia ya kuvunja mkataba wa utafiti wa madini katika mlima Wigu Morogoro.

Kampuni ya Montero ilipeleka shauri la madai katika mahakama ya usuluhishi, ICSID kudai fidia ya dola milioni 70 baada ya Tanzania kuvunja mkataba.

Hata hivyo Tanzania iliomba ilipe dola milioni 27 na kuondoa shauri hilo mahakamani, ombi ambalo kampuni ya Montero ilikubali. Tayari Montero imepokea dola milioni 12 kama malipo ya awali na inatarajiwa kupokea malipo yote ifikapo tarehe 28 February mwakani 2025

MON) ("Montero" or the "Company") is pleased to report a US$27,000,000 settlement has been reached with the United Republic of Tanzania ("Tanzania") in the dispute arising out of the expropriation of Montero's Wigu Hill rare earth element project ("Wigu Hill").

The settlement sum of US$27,000,000 (approximately CDN $38,000,000) due to Montero is payable in just over 3 months, with payments scheduled as follows:

US$12,000,000- payable by 20 November 2024-PAYMENT RECEIVED

US$8,000,000- on or before 31 January 2025

US$7,000,000- on or before 28 February 2025

The settlement sum represents ~39% of the US$70,000,000 initially claimed by Montero.
 
Hiyo ni michongo ya watu. Hawa wanyonyaji kipindi wanafurushwa walinywea na kukubali yaishe. Wamesubiri hadi nchi kashika bibi yao saivi ni kujilimbikizia tu mimali.

Hadi sasa kesi zaidi ya 5 hakuna hata moja tulioshinda, ni vikampuni uchwara vinajitokeza na kudai fidia na cha ajabu wanashinda na hela wanalipwa right away. Huu ni uhuni tunafanyiwa kama nchi.
 
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