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By mrduediligence

Posted: Wednesday Dec 12 9:27:53AM 2018

December 12th 2018: SUPPORT REAFFIRMED TO THE AFRICAN INITIATIVE FOR PEACE AND RECONCILIATION IN CAR


HTTPS://MINUSCA.UNMISSIONS.ORG/SOUTIEN-R%C3%A9AFFIRM%C3%A9-%C3%A0-L%E2%80%99INITIATIVE-AFRICAINE-POUR-LA-PAIX-ET-LA-R%C3%A9CONCILIATION-EN-RCA

 
Dec 12,2018
SUPPORT REAFFIRMED TO THE AFRICAN INITIATIVE FOR PEACE AND RECONCILIATION IN CAR


The Central African Government and MINUSCA reiterated on Wednesday their support for the dialogue process under the African Union Initiative for Peace and Reconciliation in the Central African Republic. The spokespersons of the Executive, the Minister of Communication and Media Angel Maxime Kazagui, and MINUSCA, Vladimir Monteiro, were speaking in Bangui, during the two-monthly joint press conference of the two institutions.


"The Government is engaged in this process of dialogue. This is a process put in place at the request of the President of the Republic, "said the minister and spokesman, adding that the Government was going this Wednesday to the National Assembly for a session on the African Initiative. For his part, the MINUSCA spokesperson reiterated the importance of the dialogue process, under this initiative, to "support the authorities to reduce the presence and threat of armed groups". 


During the joint press conference, the minister and spokesman announced the launch of the large DDRR (Disarmament, Demobilization, Reintegration, Repatriation) by President Faustin Touadéra, on December 17, in Paoua with the armed groups of the West of the country. For MINUSCA, this is a great moment that "will have to reach other regions" in accordance with the commitments made by all the armed groups in 2015 in Bangui. 


The Government spokesman also spoke about the deployment of the Central African Armed Forces (FACA), including Bocaranga, highlighting their "contribution to security where they are deployed, alongside peacekeepers." "In 2018, we witnessed the strengthening of the partnership, in the field, between MINUSCA and the FACA, following their deployment in Paoua, Bangassou, Sibut, Bambari and Bouar", for its part, said the spokesperson of MINUSCA. "The international community as a whole supports the FACA, including training by the European Union, the granting of weapons by Russia, vehicles by the United States of America, support equipment by the United States of America. France and non-lethal weapons by China. With regard to MINUSCA, this support will continue in particular in the context of the recruitment process of the 1. 


The MINUSCA spokesperson also announced the UN Security Council's upcoming renewal of the Mission's mandate, noting that the new mandate will be aimed at strengthening the gains, especially in the area of ​​the restoration of authority. of the State throughout the territory. "The Mission will continue its close collaboration with the Central African authorities and other Central African actors, but also with the population, in Bangui as well as in the prefectures, to explain this new mandate and to implement it," he concluded.


By mrduediligence

Posted: Tuesday Dec 11 9:22:13AM 2018

France Ships 1400 rifles to CAR, Mentions no obstacle on Embargo removal 


https://www.news24.com/Africa/News/france-ships-1-400-assault-rifles-to-car-army-20181211


France ships 1 400 assault rifles to CAR army


2018-12-11 16:59


France on Tuesday handed over 1 400 AK-47 assault rifles and three amphibious vehicles to the Central African Republic to shore up its beleaguered armed forces.


French Defence Minister Florence Parly oversaw the handover at a ceremony at M'Polo military base in the capital Bangui.


The military aid was announced in Paris in November, along with $27.4 million in civilian assistance.


One of the world's poorest nations, the CAR has struggled to recover from a 2013 civil war that erupted when President Francois Bozize, a Christian, was overthrown by mainly Muslim Seleka rebels.


In response, Christians, who account for about 80% of the population, organised vigilante units dubbed "anti-Balaka" in reference to the balaka machetes used by Seleka rebels.


Thousands of people have died in the violence, 700 000 have been internally displaced and another 570 000 have fled abroad.


With the armed forces hampered by poor training and lack of equipment, the UN-backed central government controls only a fraction of the country's territory.


In 2013, the UN Security Council imposed an arms embargo and it remains in place today.


Exemptions are made for weapons shipments for the security forces that gain pre-approval from a UN sanctions committee.


The panel is tasked with ensuring that imported weapons do not end up in the hands of the militias in the corruption-prone country.


The panel gave the green light last year for Russia to supply 1 700 AK-47s to the national forces in January, and gave its approval again to the French shipments.


But in June, France, Britain, and the United States blocked a request from the CAR for approval of Chinese weapons deliveries.


"From France's point of view, there is in principle no obstacle to ending the embargo" permanently, Parly said on Tuesday.


She stressed: "What is important is that these weapons, after they are delivered to the Central African armed forces, can be identified, stored and traced."


The CAR has an army of just 7 000 men in a population of 4.5 million. They are facing militia groups estimated to be at least similar in numbers.


Russia has sent 170 military instructors - suspected by western sources to be mercenaries linked to Russian mining companies in the mineral-rich CAR.


France, the former colonial power, sent 2 000 troops to quell the Seleka rebels, winding down the operation in 2016 after President Faustin-Archange Touadera was elected.


It has around 200 troops in the CAR today, working in support of the armed forces and the UN peacekeeping mission here.


Parly said that France was the CAR's "major partner for development aid", providing $147 million annually.


The 1 400 guns handed over by France are a gift, French officials said.


They were seized aboard a dhow off Somalia in 2016 that was intercepted for breaching an arms embargo with Yemen, they said.


The European Union has a military training mission in the CAR that involves 170 people. In July, it pledged $28 million to extend the mission until September 2020.


By mrduediligence

Posted: Monday Dec 10 10:38:01AM 2018

French Minister of Armies in the Central African Republic for two days
 
https://www.lemonde.fr/afrique/article/2018/12/10/la-ministre-francaise-des-armees-en-centrafrique-pour-deux-jours_5395144_3212.html

Florence Parly will reaffirm the support of France in Bangui, including delivering military equipment.

Le Monde with AFP Posted today at 10h13

The French Minister of Armies Florence Parly will reaffirm Monday, December 10 and Tuesday, December 11 in Bangui the support of France to the Central African Republic , where Russia is increasingly present, and deliver military equipment. "The purpose of the visit is to reaffirm the support of France to this country, which is a long-time partner , " says one in the cabinet of the minister. Florence Parly will meet President Faustin-Archange Touadéra, his counterpart Marie-Noëlle Koyara and the UN envoy for the Central African Republic (CAR), Parfait Onanga-Anyanga. It will give on this occasion 1,400 assault rifles promised by France as well as amphibious equipment to the Central African Armed Forces (FACA).

France obtained for this a exemption from the UN to the embargo on arms deliveries to the Central African Republic, just like the Russians a few months earlier. The minister will also reaffirm France's commitment to the African Union's peace initiative in that country, while Russia has tried to launch a parallel process. "All the other initiatives that are opportunistic and often interested initiatives do not seem to me to contribute to a positive resolution of the security situation in this country," she said in November at the Dakar Forum on Peace and Security in Africa.

Russia has invested all over the place in this former French colony, particularly in the formation of the army and diplomacy with armed groups. Companies run by Russians are also interested in its mineral wealth. France intervened militarily in the CAR between 2013 and 2016 to stop the violence of the rebel coalition Séléka (predominantly Muslim) and retaliation of anti-balaka militias claiming to defend Christians.

Two years later, almost all of the world's 4.5 million poorest people remain under the control of armed groups fighting to capture mineral resources such as gold and diamonds. strengthen their local influence. "The end of Operation Sangaris did not mark the end of our support at all. It has taken another form, " says Ms. Parly's office, pointing to FACA training and military support for the UN force there (Minusca) if needed.

In May, French fighters overflew Kaga Bandoro, 300 km north of Bangui, in support of the UN mission in Minusca after renewed intercommunal violence. "We are ready to help in an emergency as this episode has shown," said one in the entourage of the minister.

On 3 November, French Foreign Minister Jean-Yves Le Drian also signed aid agreements worth € 24 million in Bangui to help pay back wages and pensions, develop nearby territories of Cameroon affected by large population displacements and to install bridges to open up several regions.


By mrduediligence

Posted: Monday Dec 10 9:58:04AM 2018

Press Release:  Central African Republic: The FPRC(Main Rebel Group) congratulates President Faustin Archange Touadera
 
https://corbeaunews-centrafrique.com/centrafrique-le-fprc-felicite-le-president-faustin-archange-touadera/
Central African Republic: The FPRC congratulates President Faustin Archange Touadera.
PRESS RELEASE
 

The General Coordination of the FPRC congratulates the President of the Central African Republic His Excellency Faustin Archange TOUADERA who in his statement on the eve of the commemoration of the 60th anniversary of the independence of the Central African Republic which tends to be reborn gradually that he qualifies as very constructive and conciliatory.

The FPRC is very optimistic about the beginning of the culture of peace engendered by the declarations but is waiting to welcome the imminent practice of this peace.

The FPRC reminds everyone to calculate the value of the actions to be taken in relation to the homeland, which needs the contribution of all Central Africans to save it.

The FPRC reiterates its call for national awareness and unity for an imminent dialogue that will be the final exit from the great crisis.

The FPRC calls on the President of the Central African Republic, guarantor of national unity and integrity, to save the Republic and bring it out of the abyss and cure the broken arms recognized by the Prime Minister while he is supposed to get this country out of this abyss and arrange the broken arms of Central Africans.

The FPRC asks the elected representatives of the people not to be limited only to the dismissal of their President for financial reasons, but encourages them to commit themselves to the national reality recognized by the one who is responsible for us of the abyss and to repair us broken arms that for almost two and a half years can not do anything. When will the control of government actions and a vote of law in this sense? A good democracy contributes to and maintains peace.

The FPRC wishes to see a multi-ethnic and dignified republican army with elements recruited by vocation and not out of necessity to avoid repetitive mistakes like the recent national disappointment of Bocaranga.

The FPRC calls on the UN and more particularly on the Security Council to vote for a resolution to end the crisis that will be imposed on all parties in CAR for a way out of the crisis because all the previous resolutions were partial and favored the return of violence. They made everyone complicit and victimized.

For the FPRC, the choice of mediator should be imposed on all parties in conflict to avoid the stagnation of the peace process initiated by the African Union. Otherwise, each party can refute and delay the progress of the dialogue process. As we fight for the revival of Central Africa.

Done at Ndele on December 09, 2018


By mrduediligence

Posted: Saturday Dec 8 11:34:01AM 2018

Looks like China is working with Russia to secure the Central African Republic:

Central African Republic: 20 elements of the Republican Protection Special Guard trained by Chinese instructors


http://news.abangui.com/h/66290.html?fbclid=IwAR2B7zqNPaQCPU-bGT-Bi3JvRwH4vaPUL-1J_SZne8kebrXDsQgSOjvE2Hs


Posted on Saturday, December 8, 2018 | ADV
Bangui - Chinese instructors are following the footsteps of EUTM-RCA forces and Russian instructors for the restructuring of the defense and security forces. The 20 elements of the presidential guard have completed their training on December 3, 2018. 

While Russia deals with the Central African Armed Forces, China is focusing on the upgrading of the internal security forces, including the police, gendarmerie through the presidential guard. 

The head of the team of Chinese instructors, Mr. ZHANG recalled that their visit to Central African soil follows President TOUADERA's request to his Chinese counterpart Xi Jin Ping during the Sino-Africa forum. "The formation of these 20 elements marks the beginning of a good cooperation for the future," he says.

"This work gave a vision and a format to these trainees. This training is just the beginning of the many actions that have been discussed and that must be carried out in the days to come, "said Central African President Faustin Archange Touadera. 

The actions that will be carried out in favor of the restructuring of the Defense and Security Forces will be implemented by 2019. As the government launches the restructuring of the FACA, the police and the gendarmerie will also be in line of this reform after several decades of dysfunction and crisis in the country.


By mrduediligence

Posted: Saturday Dec 8 10:38:57AM 2018

CAR Articles & New Job Offerings In CAR
 
African Union Commissioner Praises Russia's Defense Aid To CAR For Promoting Stability - https://www.urdupoint.com/en/world/african-union-commissioner-praises-russias-d-499889.html
 
The Central African Republic will be a shareholder of Afreximbank - https://africandailyvoice.com/en/2018/12/08/the-central-african-republic-will-be-a-shareholder-of-afreximbank/
 
The next set of links have just shown up over the last few days. These are actual job postings and companies offering to do business in the Central African Republic. It shows that things are progressing if international companies are hiring and offering services in this part of the world:
 
A1 Auto Transport - US fright company offering services to CAR - https://www.a1autotransport.com/moving-to-central-african-republic/
 
nac Sales Representatives for Central African Republic - https://www.nacinc.com/contact/sales-representatives/regional-reps.php?region=CF
 
Clinical Operations Lead SSA - https://www.roche.com/careers/jobs/jobsearch/job.htm?id=E-201812-129803&locale=en&title=Clinical+Operations+Lead+SSA
 
DHL · Logistics and distribution CENTRAL AFRICAN REPUBLIC - https://www.bebee.com/job/compliance-manager-africa-middle-east-24831971


By mrduediligence

Posted: Friday Dec 7 4:57:14PM 2018

New India/CAR Drilling Company In The Central African Republic


http://www.lanouvellecentrafrique.info/2018/12/06/depeche-bangui-lancement-des-operations-de-inde-afrique-investment/


The SARL "India Africa Investment" started yesterday its activities in the country.

 

This drilling specialist company plans to drill 10 boreholes a day in the 16 prefectures of Central Africa.

 

SC - BANGUI - LNC


https://twitter.com/nouveaucentraf?lang=en&lang=en


Nouveau Centrafrique @NouveauCentraf
Dec 6
DÉPÊCHE/Bangui : Lancement des opérations de "Inde Afrique Investment" #Centrafrique #CARcrisis http://wp.me/p39iaI-3FY


By mrduediligence

Posted: Friday Dec 7 8:33:53AM 2018

African Union Says Ready To Organize CAR Peace Talks, Host City To Be Chosen- Commissioner

https://www.urdupoint.com/en/world/african-union-says-ready-to-organize-car-peac-499883.html

African Union Says Ready To Organize CAR Peace Talks, Host City To Be Chosen- Commissioner
 
 Fakhir Rizvi  3 hours ago  Fri 07th December 2018 | 05:29 PM

 

The African Union is prepared to organize formal peace negotiations between the government of the Central African Republic (CAR) and the militia groups as soon as it decides on the conference venue, the Union's Commissioner for Peace and Security, Ambassador Smail Chergui, told Sputnik.
 
 
 
MOSCOW (UrduPoint News / Sputnik - 07th December, 2018) The African Union is prepared to organize formal peace negotiations between the government of the Central African Republic (CAR) and the militia groups as soon as it decides on the conference venue, the Union's Commissioner for Peace and Security, Ambassador Smail Chergui, told Sputnik.

The African Union has been leading mediation efforts in the conflict between the government in Bangui and various rebel groups operating in the CAR. In August, rebel groups presented a list of nearly 100 demands that need to be satisfied before a peace agreement can be signed.

"I think more or less we are almost ready, I think it is now to see where we are going to convene the dialogue. Is it in Bangui, in Addis Ababa or elsewhere? I think that's where we are.

We want to make sure that we speak the same language with everybody," Chergui said, expressing hope that the conference will be convened "as soon as possible."

The conference will provide the sides with an opportunity to fine-tune their positions, conclude discussions and then "hopefully sign the [peace] agreement."

The CAR has been struggling to overcome internal conflicts for years now, with around 615,000 people displaced in the country due to the crisis, according to the United Nations.

On August 27-28, the major warring parties participated in Russia-brokered peace talks in the Sudanese capital. The meeting resulted in the signing of the Khartoum Declaration, which provided for the creation of an opposition union, which could pave the way for a long-lasting peace in the country.


By mrduediligence

Posted: Wednesday Dec 5 7:35:49PM 2018

Central African Republic formally joins Afreximbank

 
https://sunnewsonline.com/central-african-republic-formally-joins-afreximbank/


5th December 2018
 in Business, World News


Uche Usim, Abuja

The number of African Export-Import Bank (Afreximbank) member countries swelled to 50 on Wednesday, with the Central African Republic (CAR) formalising her membership by depositing the instrument of the country’s ratification of the Bank Establishment Agreement in Cairo, Egypt.

 

Speaking during a ceremony at the bank’s headquarters, Claude Rameaux Bireau, Minister of State and Economic Adviser to the president, who led a five-member delegation, said that the Central African Republic had very high expectations from Afreximbank and looked forward to strengthened cooperation with the institution.

 

Bireau said that CAR would move quickly to take up shareholding in the bank and announced that the government was already working with the African Development Bank to support in that regard.


He added that the country would participate in the Intra-African Trade Fair, which was being organised by Afreximbank in collaboration with the African Union. The trade fair will take place in Cairo from December 11- 17.

 

Earlier, Prof. Benedict Oramah, President of Afreximbank stated, disclosed that the bank was created to support African countries in both good times and bad times and that the ratification of the Agreement by the Central African Republic would make it possible for it to effectively do business in the country.

 

“The ratification grants us the special privileges and immunities that make it possible for us to take the risks that other commercial banks cannot,” Prof. Oramah explained.

 

He announced that the Afreximbank had been reviewing six projects, which the country had identified as priorities in order to see how to support them, saying that CAR, with her rich resources, could be an investors’ paradise if well marketed.

 

CAR had initiated the process of joining the bank on 28 November 2017, when it presented an instrument of accession to the Bank Agreement to Prof. Oramah when he met with President Faustin-Archange Touadéra in Bangui.

 

Under the terms of the Agreement for the Establishment of the Bank, which was signed by the participating states in Abidjan on May 8, 1993, countries that did not sign on before it entered into force are required to first issue an instrument of acceptance and accession and then proceed to formally ratify the agreement in order to fully activate their membership of the bank.

 

Membership of the bank gives the CAR automatic access to the full range of products and facilities offered by Afreximbank, including trade finance facilities, project finance services, trade information and advisory services, support in the development of a local content policy and assistance in developing and implementing industrial parks and special economic zones.


There are 50 countries currently on the list of Afreximbank participating and shareholding states, including Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde and Chad. Others are CAR, Comoros, Côte d’Ivoire, Democratic Republic of Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, and Lesotho.

 

Countries like Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of Congo, Rwanda, Senegal, Seychelles, Sierra Leone, Sao Tome and Principe, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia and Zimbabwe are part of the bank.

 

Afreximbank shareholders are a mix of public and private entities divided into four classes and consist of African governments, central banks, regional and sub-regional institutions, private investors and financial institutions, as well as non-African financial institutions, export credit agencies and private investors.

 

Also on the delegation were Clement Bilege, Ambassador of Central African Republic to Egypt; Jean Jules Jos, Former Minister of State in charge of Programmes at the Presidency and Batolo Mathiu and Amadou Issa of the Embassy of Central African Republic in Cairo.

 

Participating in the ceremony from Afreximbank were Dr. George Elombi, Executive Vice President, Governance Legal and Corporate Services; Amr Kamel, Executive Vice President, Business Development and Corporate Banking; Rene Awambeng, Global Head, Client Relations; Obi Emekekwue, Global Head, Communications and Events Management; Gerald Chihota, Head of Board Secretariat and Jacqueline Clarisse Motsebo of the Board Secretariat.

 


By mrduediligence

Posted: Wednesday Dec 5 9:51:52AM 2018

Best Junior Gold Stocks of 2018 on the TSXV

https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/junior-gold-stocks-list-the-tsxvs-top-performers/?mqsc=E4010925


Best Junior Gold Stocks of 2018 on the TSXV
Olivia Da Silva - December 4th, 2018


While gold has had its share of ups and downs in 2018, some companies have achieved strong results despite the precious metal’s fluctuating price point.


With the year nearly over and done, the Investing News Network has rounded up the best gold stocks on the TSXV by share price performance so far this year. All have received high levels of investor interest in 2018, with the biggest gainer being up more than 700 percent year-to-date.


All year-to-date and share price information was obtained on December 4, 2018 from TradingView. All companies listed had market caps above $10 million at that time.


1. AXMIN (TSXV:AXM)
Year-to-date growth: 733.33 percent, current share price: C$0.25


Based in Canada, AXMIN is a gold exploration company with assets in the Central African Republic (CAR), along with a royalty agreement in Senegal for Teranga Gold’s (TSX:TGZ) Gora deposit. The company’s main priority is developing its Passendro gold project in the CAR, which has been a touch-and-go process due to security issues in the country.


While much of AXMIN’s 2018 news centers on financial results, in June the company shared an exploration permit update on the area it shares an interest in with Teranga. A few months later, in October, the company settled a drawn-out accounts payable issue with a consultant that had helped it secure its ownership of licenses in the CAR.


AXMIN has reported little other news this year. It’s worth noting that the company released a statement in August saying it was unaware of why it was experiencing an increase in market activity.


2. Westhaven Ventures (TSXV:WHN)
Year-to-date growth: 684 percent, current share price: C$0.98


Westhaven Ventures refers to itself as a company that focuses on identifying, acquiring and advancing early stage projects with big potential. The company’s main interest lies in its four properties located in BC’s Spences Bridge Gold Belt; cumulatively they span over 35,000 hectares.


While the company’s share price remained at a simmer for much of 2018, things started to pick up in October when Westhaven released several positive announcements over just a few weeks. Between three sets of drill results from its Shovelnose property in October to receiving over $850,000 from a warrant exercise, the company surged as the news continued to roll in.


Westhaven’s share price peaked on November 9 at C$1.30, the same day the company announced it had begun high-resolution airborne geophysics at its Skoonka and Skoonka North gold properties.


3. Great Bear Resources (TSXV:GBR)
Year-to-date growth: 583.54 percent, current share price: C$2.70


Great Bear Resources is an exploration company with a focus on advancing precious metals projects in Red Lake, Ontario. Great Bear has two main projects, Dixie and West Madsen, which together cover 13,000 hectares of prospective greenstone belts.


Great Bear got a boost in August after a high-grade gold discovery was made at the Hinge zone of its Dixie project. Shortly after the discovery was announced, McEwen Mining (TSX:MUX,NYSE:MUX) and its chief owner, Rob McEwen, invested a combined C$6 million in Great Bear.


The company rode the wave of excitement through September and hit its peak at C$3.39 on October 18, shortly after the discovery of “key ultramafic geology” during a mapping program at Dixie Lake.


4. Sokoman Iron (TSXV:SIC)
Year-to-date growth: 240 percent, current share price: C$0.18


Another Canadian company, this time based in Newfoundland and Labrador, Sokoman Iron is an explorer with a focus on “world-class” mineral deposits in its home province. Sokoman has several assets under its belt, but is primarily focused on its Central Newfoundland gold project, which consists of its East Alder, Crippleback Lake and Princess Lake properties, spanning 5,500 hectares in total.


The junior miner caught the eye of investors back in late July, when it announced it would be completing a $3-million private placement that had billionaire investor Eric Sprott leading the pack. Its share price made leaps and bounds in the days following the announcement, peaking on August 3 at C$0.44.


5. Rusoro Mining (TSXV:RML)
Year-to-date growth: 128.57 percent, current share price: C$0.16


With a goal of becoming a mid-tier, low-cost gold producer, Rusoro Mining has a large land position in the mining region of Venezuela’s Bolivar state. The company has two mines in production — its Isidora mine and Choco 10 mine and mill — along with 10 exploration projects that range from early stage to advanced/development stage.


Rusoro had a fairly quiet year in terms of project news, but gained traction in October. The hype surrounding the company came when Rusoro agreed to a settlement proposal from the Bolivarian Republic of Venezuela under which the country will pay Rusoro over US$1.28 billion for its mining dataand for a full release of an arbitral award issued in favor of Rusoro in August 2016.


The company’s share price saw its 2018 peak on October 15, days after the settlement proposal announcement, when it hit C$0.34.


Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.


Editorial Disclosure: Great Bear Resources is a client of the Investing News Network. This article is not paid-for content.


Best Junior Gold Stocks of 2018 on the TSXV


By mrduediligence

Posted: Wednesday Dec 5 8:12:26AM 2018

Launch Of New Mining Support Project In Central African Republic

http://news.abangui.com/h/66249.html
 
Central African Republic: Minister MBOLI FATRAN on the occasion of the official launch ceremony of the Property Rights and Mining Crafts Project (DPAM)
 
Posted on Wednesday, December 5, 2018 | Central African lepotential

On November 28th, 2018, in Bangui, the official launching ceremony of the Project of Property and Mining Crafts (DPAM) in the presence of two members of the Government namely, Ministers Mboli-Fatran in charge of Mines and Geology and Virginie Mbaïkoua of Humanitarian Action and National Reconciliation as well as the Chargé d'Affaires ai of the United States Embassy in Central Africa, whose country is the key partner of the project. 

In his speech of convenience, the Minister Mboli-Fatran was at first pleased with the mark of friendship between the Central African Government and the United States through the financing by this partner of the Project "Right of Property and Mining Crafts" of which the amount is US $ 9, 800,000, or about CFAF 6 billion.

According to the Central African Minister in charge of Mines and Geology, this project aims to strengthen the process of peaceful coexistence between all Central Africans of different social strata in mining areas in line with the Kimberley Process and national and international mining stakeholders. 

"This project will also improve mining governance and increase access to land while placing a special emphasis on the gender dimension," said Minister Mboli-Fatran who took the opportunity to present on behalf of the people of the Central African Republic, his gratitude to the Government for all the support it has been providing in the framework of bilateral cooperation for more than 60 years.

Continuing his remarks, the member of the Government specified that: "It is since 2007 that the CAR and the United States maintain relations of bilateral cooperation in the matter of good governance and sustainable management of the artisanal mining sector through the Project Rights of Property and Development of the Artisanal Diamond1 (DPDDA1) ".

According to Minister Mboli-Fatran in 2015, the second phase of the DPDD2 project has complemented and reinforced Phase 1 and has led to a significant number of activities including: the digitization of historical diamond marketing data for the period of 2006 to 2015; the georeferencing of the work sites of the artisanal miners in the conformal zones; the setting up of small emission units for artisan cards and mining workers in the Regional Directorates and the Prefectural Mining Services; improved management of production and marketing databases for compliant areas; the rebuilding and updating of the database of artisanal miners (DPDDA zone); updating the mining cadastre of conforming zones in order to clarify their impact on the dynamics of the current artisanal mining; and other activities related to the Center for Management of Geo-Scientific Information and Mining Statistics or the Mining Cadastre at the request of the General Directorate of Mines; Collaborative work with the National Monitoring Committee of the Kimberley Process for the recovery of rough diamond exports in the Central African Republic, which has made 5 diamond sub-prefectures compliant and proposed 9 others.

The Government member did not fail to address a number of challenges that remain to be addressed, among others, the re-establishment of compliance of the Kimberly Process in all gross diamond producing areas of the country; strengthening of subregional cooperation to fight against fraud and smuggling of diamonds and gold; the modernization of the mining cadastre; improving the living conditions of mining communities through the development of a mining economy; compliance with environmental standards; Strengthening dialogues among all mining communities to strengthen national unity and peaceful coexistence

Before closing his speech, Minister Mboli-Fatran declared that the Central African Government hopes that the implementation of the Project "Property Rights and Mining Crafts (DPAM)" will really benefit the people of the Central African Republic and that the Annual Work Plan will be respected in the interest of the Central African mining sector.


 


By mrduediligence

Posted: Monday Dec 3 11:05:32AM 2018

Central African Republic: Bouar hosts awareness caravan ahead of "grand disarmament"

http://french.xinhuanet.com/2018-12/02/c_137645880.htm

Central African Republic: Bouar hosts awareness caravan ahead of "grand disarmament"

BOUAR (Central African Republic), December 1 (Xinhua) - An awareness caravan supposed to prepare Central African armed groups to join the so-called Disarmament, Demobilization, Reintegration and Repatriation (DDRR) process in the western regions is today in Bouar (west), it was found on Saturday.

The "big disarmament" in question will be launched in the coming days in Paoua, according to the schedule given by the president Faustin-Archange Touadéra.

Taking advantage of a sports meeting in Bouar on the occasion of the festivities of 1 December marking the 60th anniversary of the proclamation of the Central African Republic, Abel Déholo, DDRR communications officer, insisted on the need to return weapons, the first step of this process.

He recalled that this disarmament was the consequence of the agreement reached on May 10, 2015 between the government and the representatives of the armed groups. In his eyes, this will have a positive impact on peace and development, the foundations of the restoration of state authority throughout the country.

Mr. Déholo also mentioned the reintegration mechanisms of ex-combatants, who could join the gendarmerie, the police, the Waters and Forests, the customs or firefighters, if they meet the criteria, or learn a trade by example in agriculture, breeding, trade, carpentry, mechanics, electricity or computing. He indicated that installation kits will be provided.

The DDRR process in Central Africa is supported by the local UN Mission (MINUSCA) and the World Bank.

Prior to the large DDRR itself, a pilot program had already been piloted, incorporating 234 young ex-combatants into the army and adding another 280 socio-economically.

The awareness caravan will cover the cities of Bossemptele, Baoro, Baboua, Zoukombo, Beloko, Niem Yelewa, Koui, Bocaranga and Bozoum. A similar campaign had traveled from November 3 to 10, many localities of the sub-prefecture of Paoua.

End


By mrduediligence

Posted: Monday Dec 3 9:44:49AM 2018

The European Union promotes the return of public services and economic recovery through the opening up of the CAR regions


http://news.abangui.com/h/66222.html


The European Union promotes the return of public services and economic recovery through the opening up of the CAR regions

Posted on Monday, December 3, 2018 | EUROPEAN UNION


The project to open up Central African regions was officially launched yesterday in Bimbo in the presence of the President of the Republic, Pr. Faustin-Archange Touadéra, and the Director-General for Development and International Cooperation of the European Commission, Stefano Manservisi. 

Funded by the EU via the #Bekou Fund topped by € 7 million and implemented by Expertise France, the project aims to open up the RCA through the installation of metal bridges.

"Building bridges is like building links," said DG Manservisi. "This project is a great turning point for the country: connecting the regions, connecting Bangui to the rest of the country, with a tangible improvement in the living conditions of the people who live in the country. will have easier access to markets, basic services and human exchanges between them.The common objective is to contribute to the development of the regions of the country, but also to the strengthening of its unity, of its feeling of country and nation, of its living together through mobility and the free movement of people, goods and values ​​".

For the Minister of Economy and Planning, Felix Moloua, after the approval in June 2017, concrete steps have been taken to officially launch the project to open up and facilitate the development and creation of conditions conducive to the return of refugees. refugees and displaced persons. 

"A result of all the efforts of Europeans in the Central African Republic": for the Ambassador of France in the Central African Republic, Éric Gérard, the project will allow the construction of bridges to facilitate the free circulation of the waterways with a view to a better connection with the population.

A metal bridge element was handed over by DG Manservisi to the President of the Republic, symbolically marking the launch of the project which will also see in its implementation the development of the capabilities acquired by the Central African military engineers through the training provided. by the EUTM. 

Launched in July 2014, the Bekou Trust Fund is funded by the European Commission, France, Germany, the Netherlands, Italy and Switzerland.


By mrduediligence

Posted: Wednesday Nov 28 6:47:19PM 2018

7 New Positive Articles About The Central African Republic (Last 24 Hours)

Merck of Germany to build healthcare facilities in the CAR - https://www.biospectrumasia.com/news/30/12173/merck-foundation-underscores-partnership-with-health-ministry-of-c-a-r-.html

MINUSCA commends Rwanda police peacekeepers - https://www.newtimes.co.rw/news/minusca-commends-rwanda-police-peacekeepers

EU Gives CAR 38 Million Euros For Support (Must Translate) - http://news.abangui.com/h/66156.html?fbclid=IwAR0l4eojqQRLez8dbidskaXk-8_x12Rm0RreWXh2j4vzDGSitrpPsbS10lU

United States Offers Logistics Support To CAR - https://www.facebook.com/pg/usembassy.bangui/posts/?ref=page_internal  (most recent Facebook Post today)

330 Amphibious Soldiers Complete Training For CAR (Must Translate) - http://lepotentielcentrafricain.com/?p=4874&fbclid=IwAR1UeLmm5Doy4YdhhVrLdNOxH-yT2boRajq9f6xy-JG8ntqqk4CvAbCKT-U

MLPC(1 of 14 rebel groups) announces support for government (must translate) - http://www.corbeaunews.ca/centrafrique-communique-de-presse-du-parti-mlpc-relatif-a-la-festivite-du-1er-decembre-2018/

November 29th March For Peace Process & Russian Support In CAR - http://ndjonisango.com/societe/centrafrique-une-marche-ce-jeudi-en-soutien-au-processus-de-khartoum-et-a-la-cooperation-russe/


By mrduediligence

Posted: Wednesday Nov 28 3:00:33PM 2018

Axmin earns $310,826 (U.S.) in Q3 2018

 
2018-11-28 09:08 MT - News Release

 

Ms. Lucy Yan reports

AXMIN ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDING SEPTEMBER 30, 2018

Axmin Inc. has released its financial and operating results for the three months ended Sept. 30, 2018. All amounts included in this news release are in United States dollars

Highlights:

 

During the three months ended Sept. 30, 2018, the company reported royalty income of $147,488 from Gora projects, compared with $273,516 for the same time period of 2017.
The net income for the three months ended Sept. 30, 2018, was $310,826 compared with $206,789 in the same period of 2017.
 

Liquidity and capital resources

At Sept. 30, 2018, the company had cash on deposit in the amount of $2,250,907, accounts and other receivables of $153,047, and prepaid expenses of $2,105. Royalty income receivable of $147,487 has been received subsequent to the period ended Sept. 30, 2018.

Net assets increased to $777,226 at Sept. 30, 2018, compared with negative $1,215,536 at Dec. 31, 2017.

Outlook

The company is very pleased with the progress made to strengthen the balance sheet by settling the long-standing accounts payable. Axmin is looking forward to becoming operational again in the Central African Republic (CAR) as soon as conditions allow.

Resignation of chief financial officer

Jin Kuang has tendered her resignation and David de Jongh Weill has been appointed as the chief financial officer, effective from Nov. 15, 2018. In addition to having already served as chief financial officer of a listed public company, Mr. Weill has served as chairman of four companies listed in Toronto, London and Sydney.

Mr. Weill commented: "It is a privilege to serve Axmin as chief financial officer at this exciting time as we are making the requisite preparations to become operational again in the CAR. I believe that the duly elected government has laid a strong foundation for peace and stability in the country, and that it is now only a question of time for our company to be back on site and operational once more at the Passendro asset."

About Axmin Inc.

Axmin is a Canadian exploration and development company with a strong focus on the African continent. Axmin continues to closely monitor the political situation at its feasibility-stage Passendro gold project in the Central African Republic.

We seek Safe Harbor.

 

© 2018 Canjex Publishing Ltd. All rights reserved.


By mrduediligence

Posted: Wednesday Nov 28 7:24:25AM 2018

AXM.V Q3 2018 Results (Financials + MD&A) Ending September 30th 2018
All information is available through Sedar. Numbers below are in US Dollars


*NOTE* - October 10th Cash & Share Deal Was Completed After Q3 Ended. Will be reflected in Q4 balance sheet


Tickers: AXM (CDN) & AXMIF (US)
Price: $0.26
Common Shares: 130,497,381 - Increased by 3.46 million after Q4 share deal 
Options: 8,240,000
Insider/Institutional Holdings: 82,089,114 


ASSETS
Cash: $2,250,907 - Cash will drop $1.2 million after Q4 deal
Receivables: $153,047
Prepaid Expenses: $2,105
Total Assets: $2,406,059
*NOTE - CAR property value has not yet been added to assets 


LIABILITIES
Accounts Payable: $1,436,261 - Liabilities will drop $1.2 million after Q4 deal
Due To Related Parties: $192,572
Liabilities Of Discounted Operations: 0 - only liability removed in Q3
Total Liabilities: $1,628,833


Asset/Debt Ratio: 1.48:1 - first time since 2012 when a positive ratio


9 Month Earnings Summary
- Royalty Revenue: $1,214,682
- Total Expenses: $399,454
- Removal of $323,103 liability
- Total Comprehensive Income: $1,125,731
- USD Earnings Per Share: $0.008


*NOTE* - Terenga still owes Axmin around $1 million USD in royalty payments. This is paid as Gora ore is processed and sold


Management Discussion Highlights


Third Quarter 2018 Highlights


- During the three months ended September 30, 2018, the Company reported royalty income of $147,488 from Gora
Projects, compared with $273,516 for the same time period of 2017.
- The net income for the three months ended September 30, 2018 was $310,826 compared to $206,789 in the same period
of 2017.


Business and Summary of Activities


AXMIN is a publicly listed corporation with its shares trading on the TSX Venture Exchange (“TSXV”) under the symbol AXM. The
Company is an international mineral exploration and development company with a strong focus on the African continent. AXMIN,
through its wholly-owned subsidiaries, has exploration projects in the Central African Republic (“CAR”) and Senegal. The
Company’s primary asset is the Passendro gold project situated in the CAR. Due to escalating interreligious conflicts in the CAR, all
in-country operations other than administrative functions, carried out in the capital city of Bangui, have been suspended.
In June 2018, Axmin has received confirmation from Teranga that the Government of the Republic of Senegal has granted two new
exploration permits under the 2016 Senegalese Mining Code for Sounkounkou and Bransan, encompassing the 17 target areas that
the Company shares an interest in with Teranga.


The initial term of the exploration permits is for a period of 4 years with a requisite minimum expenditure commitment during this
initial period. Thereafter the exploration permits are renewable two times for consecutive periods not exceeding three years each
provided that Teranga has satisfied its work and expenditure commitments. The Bransan perimeter is 337.3km2
and Sounkounkou is 291.7km2, which together cover roughly 90% of the prior permit areas.


AXMIN holds a 1.5% NSR on 17 Royalty Target Areas (being Target Areas have been made Royalty Election on) in total and
maintains 20% interests of Remainder Areas within the above Senegal permits. Axmin’s royalty rights are intended to continue and
survive the Joint Venture Agreement and remain tied to the permits themselves, irrespective of title holder.


Since August 2015, Axmin Inc. started to generate the 1.5-per-cent net-smelter-return royalty’s income from the Gora deposit.
Royalty income in the amount of $4,033,360 has been recognized since Gora Deposit began production. The total royalty income
for the nine months ended September 30, 2018 was $1,214,682 (for the nine months ended September 30, 2017 - $970,855). The
royalty is applied to the production of gold from the Gora deposit, located in the Senegal Republic. The Gora deposit is operated by
Axmin's joint venture partner, Sabodala Mining Company SARL, a wholly owned subsidiary of Teranga Gold Corp.


Operations


Central African Republic – Passendro Gold Project


The Company’s primary asset is the Passendro gold project, which is situated in the centre of a 25-year Mining License (355 sq km)
that was awarded to AXMIN in August 2010. At the same time, the Company was also awarded two, three-year renewable
Exploration Licenses, Bambari 1 and 2 (1,240 sq km), which ring fence the Mining License and cover a 90 km strike along the highly
prospective Bambari greenstone belt.


On December 24, 2012, the Company officially notified the CAR Minister of Mines and Defence of the existence of a state of Force
Majeure due to the escalating rebel activity in the country and the necessity to withdraw its field operations. Since that time, AXMIN
has not had access to its Passendro project. The Mining Convention of 2006 and the addendum thereto concluded in August 2010
provide the Company with full protection under the circumstances and, in the event that there is a change of Government in the
CAR, the existence of Force Majeure stays work related obligations. It is these circumstances that have caused the Company to
suspend all Passendro based operations as well as negotiations with prospective lenders.


Prior to the Force Majeure, the Company was working towards securing financing to develop the Passendro gold project into CAR’s
first modern gold mine. The following is a brief summary of the status at Passendro gold project as at December 2012. A full
description of the Passendro gold project can be found in the Company’s audited financial statements for 2014 and 2013, its June
2012 Annual Information Form, the 2011 Bankable Feasibility Study Optimization & Update and its 2009 Mineral Resource Estimate
prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). All reports
can be accessed under the Company’s profile on the SEDAR website at www.sedar.com.


On October 15, 2013, the Government of the CAR signed the Decree No. 13.412, stating that the duration of the validity of the
Bambari 1 and 2 Exploration Licences held by Aurafrique SARL, a wholly owned CAR registered subsidiary of the Company, were
extended for a period of one year from August 7, 2013 to August 6, 2014.


On October 15, 2013, the Government of the CAR granted SOMIO Toungou SA, a wholly-owned subsidiary of the Company, a oneyear
extension of the exemption from starting the development and pre-production work at the Passendro Gold Project. The period
of the extension of the exemption is valid from January 11, 2014 to January 10, 2015.


On October 15, 2013, the Government of the CAR (“Government”) officially acknowledged the considerable monetary losses the
Company sustained, which was estimated to be approximately US$38 million, at its operations in the capital city of Bangui and at its
Ndassima camp located 60 km north of the town of Bambari. In response to those losses, the Government has consented to a
compensation of 50 percent of all taxes, rights and taxations, but did not specify the applicable time period. Given the uncertainty of
the Government compensation, the Company has not accrued any compensation


On October 18, 2013, the Government of the CAR certified that the License of Exploitation (the “Mining License”) held by SOMIO
Toungou SA, which was originally granted to the Company on August 5, 2010 and recorded under the Chronological Code
PE001/10 (Registration number 002 of August 5, 2010) by the Department of Mines, remains valid for a period of twenty-five years
from the date of the grant.


As announced on November 15, 2013, the Company entered into an agreement to secure its ownership of the licenses in the CAR.
Under this agreement the consultant was entitled to remuneration upon the successful completion of its services. The total
outstanding payments due under this agreement amount to US$2,000,000. Axmin’s management are actively pursuing negotiations
to resolve this account payable on substantially better economic terms for the Company. A further announcement will be made
when appropriate.


On November 28, 2016, the Minister of Mines, Energy and Hydraulics of the CAR issued Ministerial Order No
245/16/MMEH/DIRCAB/DGMD, giving an Exemption Certificate of one (1) year to start the development and pre-production work at
the Passendro Gold Project to SOMIO Toungou SA, a wholly-owned subsidiary of the Company. The period of the Exemption is
valid within duration of one (1) year starting from November 28, 2016 to November 27, 2017.


Also on November 28, 2016, the Minister of Mines, Energy and Hydraulics of the CAR issued the Ministerial Order No
246/16/MMEH/DIRCAB/DGMD, giving an Exemption Certificate of one (1) year for exploration and research of the primary layer of
gold and others related to substances of Licenses of BAMBARI 1 and 2 to Aurafrique SARL, a wholly-owned subsidiary of the
Company. The period of the Exemption is valid within duration of one year from November 28, 2016 to November 27, 2017.
On March 26, 2018, the Minister of Mining and Geology issued an executive order No 031/18/MMG/DIRCAB/DGM to grant SOMIO
Toungou an extension period of exemption from the development work and productions of the Passendro gold mine for one (1)
year, running from March 22, 2018 to March 21, 2019.


On March 26, 2018, the Minister of Mining and Geology issued an executive order No 032/18/MMG/DIRCAB/DGM to grant
Aurafrique SARL an extension period of exemption from exploration and research for one (1) year, running from March 22, 2018 to
March 21, 2019.


As of the date of this report, operations at Passendro remain suspended and although the Company continues to maintain a
presence in the CAR (through its administrative office and permanently stationed employees in Bangui) and relationship with the
State in the CAR, the Company is unable to predict when it will be able to resume its operations at Passendro for the foreseeable
future, if at all. As a result, impairment in the amount of $37,346,576 was recognized at December 31, 2013 on exploration and
evaluation (“E&E”) assets for the Bambari properties to reflect the decrease in their recoverable value as of result of the current
unstable situation in CAR. As at September 30, 2018, given that impairment was recognized and the unstable condition remains the
same, the residual value of E&E assets for the Passendro gold project was written down to $nil in 2016.


This impairment recognized in the financial statements does not in any way mean that the Company is relinquishing its rights to the
assets and it reflects the utmost conservative view by management on the objective circumstances and will be reviewed annually
and subject to recovery when certain conditions are met pursuant to the accounting standards the Company has adopted.
The Company through its in-country staff have maintained close communications with senior ministers and officials in Bangui and
also in Bambari which is the closest city to the Company’s asset near Ndassima. AXMIN’s country representative Mr. Boubacar
Sidbe recently meet with the Vice Mayor of Bambari and Sub-prefect to discuss the situation on the ground and express the
Company’s desire to get back on site. Meetings have also been held with the Mining Minister and Chief of the Office of the Head of
State. AXMIN remains confident that stability will eventually return to the country and that the Company will be well positioned and
ready to work with the elected government of the CAR to develop a pragmatic mining plan focusing on the extremely high-grade
deposits that will be safe for our employees and contractors, have limited capital expenditure and hopefully achieve very profitable
returns in a very timely fashion for shareholders.


The Company notes as reported in the world press that the Central African Armed Forces (FACA) have recently been deployed in
the city of Bambari and the vicinity. AXMIN regrets the violence that has taken place during this time, and believes that the
combination of the FACA and MINUSCA forces on joint patrols should hopefully bring stability to the region enabling the Company
to become operational again at Ndassima near Bambari.


Senegal Joint Venture


On February 28, 2012, AXMIN and its joint venture partner and manager, Sabodala Mining Company SARL (“SMC”), a whollyowned
subsidiary of Teranga Gold Corporation (“Teranga”) amended its 2008 joint venture agreement. At the time, Teranga had
earned an 80% interest in the Sounkounkou, Heremokono and Sabodala NW explorations licenses (the “Project”) located in the
Birimian belt of eastern Senegal, by spending US$6 million on exploration. AXMIN has retained a 20% interest in the Project. The
amended joint venture and royalty agreement (the “Agreement”) supersedes and replaces the original joint venture agreement.
The 2012 Agreement with SMC includes, among other things, the following terms: (a) both parties agree that their respective
interests (Teranga–80% and AXMIN–20%) in the Project are divided into Target Areas (being areas subject to exploration) and
Remainder Areas (areas not yet subject to exploration); and (b) that both parties will retain all respective interests in all of these
areas, until an election is made by AXMIN to convert its 20% interest in a Target Area into a 1.5% NSR or Royalty Interest (“Royalty
Election”). After AXMIN has made a Royalty Election with respect to the Target Area, SMC will solely fund all finance work costs for
each of the Royalty Interests.


As of February 28, 2012, AXMIN elected to take a 1.5% NSR Royalty Interest in the Gora Deposit, located on the Sounkounkou
permit. In July 2012, the Republic of Senegal declined the application submitted by SMC, the manager, for the extension for the
Sabodala NW license, which has now expired and is believed to have been granted by the Senegal Government to a third party.
On September 5, 2014, an extraordinary extension of 24 months for the Heremokono exploration permit has been granted by the
Senegal authorities.


On June 18, 2015, in addition to its royalty interest of 1.5% NSR in the Gora Target Area, AXMIN has elected to convert its 20%
interests in another 15 Target Areas into a 1.5% NSR from each Target Area. On January 12, 2016, AXMIN elected to convert its 20%
interest in one new Target area into a 1.5% NSR. After this Royalty Election, AXMIN holds a 1.5% NSR on 17 Royalty Target Areas
(being Target Areas have been made Royalty Election on) in total and maintains 20% interests of Remainder Areas within the
Senegal permits. The free carried interest of US$2.5 million granted to AXMIN under the Agreement has been depleted on account
of its 20% Participation Interest in respect of all Participation Target Areas (being areas subject to exploration and both parties
remain their respective interests (Teranga – 80% and AXMIN – 20%)). No further participation contribution needs to be made by AXMIN beyond this $2.5 million free carried interest with respect to the Participation Target Areas where a Royalty Election has
been made.


Senegal JV – Gora Deposit (1.5% Royalty Interest)


In February 2012, AXMIN elected to hold a 1.5% NSR royalty interest in the Gora deposit. Since August 2015, Axmin Inc. started to
generate the 1.5-per-cent net-smelter-return royalty’s income from the Gora deposit.


On November 1, 2018, Teranga released its nine months ended September 30, 2018 Financial Statements and MD&A which
contain additional information including information on Gora’s reserve and resources as noted below: 


Exploration and Evaluation Assets and Expenditures


AXMIN holds a 100% interest in the Bambari properties which consist of a 25-year Mining Licence (355 sq km), which was granted
in August 2010 and remains valid up to date, and two Exploration Licences, Bambari 1 and 2 (1,240 sq km), which were also
granted in August 2010 and remains valid up to date. The Bambari properties had been the subject of substantial exploration by
AXMIN since the discovery of the Passendro project. The Passendro project is situated in the centre of the Mining License which is
ring-fenced by the two Bambari Exploration Licenses. 


Impairment in the amount of $37,346,576 was recognized as at December 31, 2013 on the Bambari properties to reflect the
decrease in their recoverable value as the result of the current political turmoil in CAR. The new government of the CAR might
adopt different policies respecting foreign development and ownership of mineral resources. Any such changes in policy may result
in changes in laws affecting mining policies, ownership of mineral assets and might extend to expropriation of mineral assets. The
recoverable amount of the Company’s Bambari properties is $nil based on management’s estimate of the asset’s fair value less
costs to sell (“FVLCD”).


As at September 30, 2018, there has been no significant change in the assumptions used to determine the FVLCD since the
impairment loss was recognized in 2013 but as stated above the Board may re-evaluate the FVLCD once the Company is back on
site and operational.


Subsequent Events


The Company settled an accounts payable of $2.0 million by making a payment of US$1.2 million and the issuance of 3.46 million
shares at a price of C$0.30 per share. A settlement agreement has been entered into (the "Settlement Agreement") and the
transaction relating to the Settlement Agreement has received final approval from the TSX Venture Exchange. Subsequent to the
period end, the US$1.2 million was paid and the 3.46 million shares were issued extinguishing this accounts payable in its totality.
The shares issued pursuant to the above-referenced Settlement Agreement are subject to transfer restrictions under a two (2) year
lock-up agreement, during which time the shares may not be sold. The transfer restrictions under the lock-up agreement will expire
two (2) years plus one day from the date of grant.


Subsequent to the period end, 280,000 stock options were exercised.


Concentration of Share Ownership


As at the date of this report, AOG Holdings BV holds approximately 12.38% of the issued and outstanding common shares of the
Company on a non-diluted basis, Shenglin Trading holds approximately 15.32% of the issued and outstanding common shares of
the Company on a non-diluted basis and Dickson holds approximately 34.48% of the issued and outstanding common shares of the
Company on a non-diluted basis.


By mrduediligence

Posted: Tuesday Nov 27 7:46:30AM 2018

EU Official To Visit CAR & Russia/France Agree To Work Together
 
Nov.26th - EU to visit CAR and offer support on security(need to translate) - http://ndjonisango.com/diplomatie/centrafrique-visite-attendue-de-stefano-manservisi-de-la-commission-de-lue/
 
Nov.27th - Russia & France to cooperate on stabilizing the CAR - https://www.urdupoint.com/en/world/russia-france-agree-to-continue-cooperation-490188.html
 
- This is big news because the countries have been arguing with each other for months now. A team effort can speed up the stabilization process
 
US Group to clean up Bria - https://www.ngoaidmap.org/projects/22050


- Bria is another important town that's located east of Bambari/Ndassima. With that corridor secured, Axmin should have no issues whatsoever with rebel groups or bandits.


By mrduediligence

Posted: Saturday Nov 24 9:57:55AM 2018

UN Tweet Reveals Bambari-Ndassima Corridor Being Worked On. This is the final leg since Axmin's multi million ounce proven gold deposit is right beside the town of Ndassima.

Passendro gold deposit beside NDassima - http://www.axmininc.com/Corporatenbsp.php

Tweet From November 20th - https://twitter.com/IOM_CAR?lang=en

OIM République Centrafricaine‏ @IOM_CAR Nov 20More
Rendre possible l'accès humanitaire. #IOM réhabilite le bac de l'axe Bambari-Ndassima dans le cadre du programme de réduction des violences communautaires #CVR. Financement PBSO/MINUSCA. @UN_CAR @unpeacebuilding #CARcrisis @rochdi_najat @OCHA_CAR @ONUmigration @IOMROWCA @RcaUnct
Translated from French by Microsoft
 

Make humanitarian access possible. #IOM rehabilitates the BAC of the Bambara-Ndassima axis within the framework of the Programme for the reduction of Community violence #CVR. Funding PBSO/MINUSCA. @UN_CAR @unpeacebuilding #CARcrisis @rochdi_najat @OCHA_CAR @ONUmigration @IOMROWCA @RcaUnct


By mrduediligence

Posted: Friday Nov 23 12:06:15PM 2018

China pledges to build capacity of Central African police

 
http://news.abangui.com/h/66096.html?fbclid=IwAR2baxsHu8PeeeYUypTYFiS3l5_AX28TcV-LsVanOqYTgCXC8bEAifd1DSI


China pledges to build capacity of Central African police

Posted on Friday November 23rd 2018 | presidency

The President of the Republic, His Excellency Pr Faustin Archange TOUADERA received in audience in the early afternoon of November 21 a delegation of Chinese policemen, led by Mr. Zhong BING.

This team of Chinese police instructors came to the Central African Republic to train Central African police officers at the request of President Touadera to his Chinese counterpart Xi Chin Ping during his last state visit to China.

This training will contribute to the Government's policy for the rehabilitation and restructuring of the Defense and Homeland Security Forces.

Recall that during his first mission to China as head of the Central African State, President TOUADERA visited the police institute in Fujia. This visit enabled the Central African Number One and the President of this Police University to sign a contract for the capacity building of Central African police officers and elements of the Presidential Guard.

Chinese police instructors will now be assigned to Central African territory to train thousands of police officers.
 


By mrduediligence

Posted: Friday Nov 23 9:04:26AM 2018

International Trade Center & CAR Officials Meet 

http://news.abangui.com/h/66090.html?fbclid=IwAR2EB14ny8Gp6dmRyqp33iCTTj69LiWFWGF8BHfvdfYrw0JINEkbj6dyv3I

Central Africa: ITC builds capacity of trade and investment support institutions
Posted on Friday November 23rd 2018 | Rjdh Central African Republic

BANGUI - the International Trade Center (ITC) in collaboration with the Ministry of Commerce and Industry organized a workshop from 21-23 November 2018 at the Ledger Hotel Bangui on the validation of the feasibility study for the creation a Central African agency promoting investment and exports. 

It is within the framework of the reinforcement of the institutional mechanism of support to the development of the investments and the exports, that the government of the Central African Republic initiated, with the assistance of the ITC, a feasibility study on the creation of an organization specifically dedicated to promoting investments and exports as an instrument for revitalizing the economy and growth.

The main objective of this validation workshop is to provide the various stakeholders with the conclusions and recommendations of this study as well as the new device to be considered. 

Ruben Phoolchund, Head of Office for Africa CCI's Country Programs Division salutes the government's commitment to the International Trade Center, "The International Trade Center also commends the Government of the Central African Republic's commitment to reforming the environment and encourages it to pursue these reforms in order to guarantee the legal security of the investments with a view to facilitating the work of this new creative agency, "greeted the Head of the Office for Africa.

The recommendations are based on the results of the analysis of the current institutional framework for trade and investment support, as well as on the assessment of the needs for support services of Central African companies. 

The proposed model for the new Agency includes a governance and management structure, an organic operating framework, a typology of investment promotion support services and exports to be developed, and the modalities for their implementation.


By mrduediligence

Posted: Wednesday Nov 21 9:22:35AM 2018

Three new articles out talking about how the Central African Republic is growing in terms of economy, military strength and foreign investment. They are in French and will need to be converted to English via google.


1) New Flights Offered In Central African Republic - https://www.jeuneafrique.com/668670/economie/lancement-de-liaisons-commerciales-interieures-en-centrafrique-3-questions-a-david-lamoureux-patron-de-la-compagnie-via-air/


2) FACA deployed to Alindao to secure town - http://ndjonisango.com/securite/centrafrique-le-gouvernement-projette-le-deploiement-des-faca-a-alindao/?fbclid=IwAR37otfNs3yBm8uZ-pQSdLBrCe-cDBdhLmX_JYXJ3f2rO8On-k-8HNlaKI4


- Note: This is major news because Alindao is the UPC stronghold and once they are eliminated from the area, Bambari to Ndassima should be secured, thus giving Axmin access back to the gold deposit. Not only that, Alindao is much father from Bambari than Ndassima, which means FACA has a much larger radius of control and support.


3) Chinese company to begin exploring for oil in the Central African Republic - http://news.abangui.com/h/66055.html?fbclid=IwAR1K-a7Oyel09dsG4L1F6IcM6NrpE2qxdybLPUp9Aa0qTLbn2Wksck3iKuE


- This isn't gold, but it goes to show that now Diamonds and Oil are being extracted from the country. Thus gold isn't far away and the tax dollars earned by the government will help stabilize everything


By mrduediligence

Posted: Monday Nov 12 11:40:25AM 2018

Diamond & Oil mineral sectors in the Central African Republic are in the midst of starting back up again. This means that the Gold sector where Axmin inc is based should be ready to go shortly as well.


http://www.diamondworld.net/Content/Central-African-Republic-Appeals-to-International-Mining-Community-to-Engage-In-Responsible-Sourcing/16793


https://www.facebook.com/pg/centrafriquenews/posts/?ref=page_internal


(converted to English from French via the CAR news page)


MINISTER MBOLI FATRAN ATTENDS AFRICA OIL WEEK 2018


CAR Minister of Mines and Geology, Mr Leopold Mboli Fatran, attended with Mr Francis Sodea, Director General of Petroleum, the 25th edition of Africa Oil Week held from 5-9 November 2018 in Cape Town, South Africa.


Addressing as a member of the ministerial panel on national energy strategies on Wednesday, 7 November, Minister Fatran gave an overview of the CAR oil sector while indicating its prospects for development.


He then discussed with Ms Andrea Brown, CEO of the South African company DigOil, who was exhibiting at the American Association of Petroleum Geologists meeting the first promising of the bloc C she is being exploring in the southwestern region of CAR.


On November 8, the Minister of Mines met on the sidelines of the conference, Mr Zhou Song, Executive Director and President of SINOPEC, already established in CAR as a service provider in oil exploration and who would to strengthen its presence in the country.


Finally, on November 9, Minister Mboli Fatran met with his Sudanese counterpart, Honorable Azhari Abdalla Abdelgader, with whom they committed to strengthen the ties in the near future between their respective departments through the formalisation of their bilateral cooperation.


By mrduediligence

Posted: Saturday Nov 10 10:32:25AM 2018


World Bank Report For Central African Republic. Doing Business In CAR In 2019

http://documents.worldbank.org/curated/en/773761541067390450/pdf/WP-DB2019-PUBLIC-Central-African-Republic.pdf

About Doing Business: The project provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level. Doing Business The project, launched in 2002, looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle. Doing Business captures several important dimensions of the regulatory environment as it applies to local firms. It provides quantitative indicators on regulation for starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. also measures features of labor market regulation. Although does not present rankings of economies on the labor market regulation indicators or include the topic in the aggregate ease of doing business score or ranking on the ease of doing business, it does present the data for these indicators. Doing Business Doing Business Doing Business By gathering and analyzing comprehensive quantitative data to compare business regulation environments across economies and over time, encourages economies to compete towards more efficient regulation; offers measurable benchmarks for reform; and serves as a resource for academics, journalists, private sector researchers and others interested in the business climate of each economy. Doing Business In addition, offers detailed , which exhaustively cover business regulation and reform in different cities and regions within a nation. These reports provide data on the ease of doing business, rank each location, and recommend reforms to improve performance in each of the indicator areas. Selected cities can compare their business regulations with other cities in the economy or region and with the 190 economies that has ranked. Doing Business subnational reports Doing Business The first report, published in 2003, covered 5 indicator sets and 133 economies. This year’s report covers 11 indicator sets and 190 economies. Most indicator sets refer to a case scenario in the largest business city of each economy, except for 11 economies that have a population of more than 100 million as of 2013 (Bangladesh, Brazil, China, India, Indonesia, Japan, Mexico, Nigeria, Pakistan, the Russian Federation and the United States) where also collected data for the second largest business city. The data for these 11 economies are a population-weighted average for the 2 largest business cities. The project has benefited from feedback from governments, academics, practitioners and reviewers. The initial goal remains: to provide an objective basis for understanding and improving the regulatory environment for business around the world.


By mrduediligence

Posted: Friday Nov 9 8:57:32PM 2018

Axmin Inc Insider/Institutional Holdings


Mutual Funds
PGIM Jennison Natural Resources Fund 666,158
USAA Precious Metals and Minerals Fund 200,000


Institutional Holdings
Dickson Resources Limited British Virgin Islands 45,000,000
Shanghai Shenglin Trading Co., Ltd. China 20,000,000
AOG Holdings BV (3)The Netherlands 15,001,938
Consulting Group (October 10th 2018 News) 3,460,000


Director Holdings Common Shares - Does Not Include Options
David De Jongh Weill 1,716,616


Total Insider/Institutional Holdings: 86,044,712 out of 134 million


 


By mrduediligence

Posted: Friday Nov 9 7:03:58AM 2018

Concordis International Open Office In Central African Republic

Announced October 25th 2018 via their website

http://concordis.international/new-programme-in-central-african-republic/

http://concordis.international/we-open-a-new-office-in-paoua-central-african-republic/

We open a new office in Paoua, Central African Republic
Concordis has made a new home in Paoua, Ouham-Pendé province, north of the Central African Republic. The city is a hub of humanitarian and relief activities for the province – hosting an MSF hospital and an UN-secured airstrip. From our new office, we will be able to carry out our community dialogues and peacebuilding workshops right in the heart of important pastoral corridors between Chad, Cameroon and the south of CAR.

Timea Szarkova, our CAR Programme Manager and Peter Marsden, our Director of Programmes, headed out to the field last month to prepare Concordis’ arrival in the country. They were delighted to find a home for our project. The office is not only an operational base, but aims to be a true home to our Project Manager, Financial Director and visiting staff.  In addition to the house, our garden includes an outdoors, thatched-roof meeting room – or paillotte-, in the pure spirit of Central African dialogue traditions.

We are very excited to open our office and start work in Paoua. With indefatigable enthusiasm, our Programme Manager is already back in the field to ensure a smooth start to our activities. We wish her a safe trip and can’t wait to welcome the project staff on the premises.

New Programme in Central African Republic
Concordis is delighted to announce that funding has been secured to commence a new programme in the beautiful Ouham Pendé Préfecture, in the north west region of the Central African Republic. With support from UK Aid Direct and the European Union Bêkou Trust Fund, Concordis will be able to leverage its expertise in dealing with conflicts related to cross-border transhumance and help local people identify their own mutually beneficial solutions to avoid recourse to violence in the management of their differences.

Based in the pleasant sub-prefecture town of Paoua, Concordis will be able to carry out peace-building activities throughout the region, where conflicts between several armed groups, as well as between herders and farmers, make it hard for peaceful and safe transhumance to take place. These seasonal migrations, which occur not only in relatively small perimeters, but also across the borders with Chad and Cameroon, are one of the most important sources of income for the region. The lack of mechanisms to resolve conflicts and to ultimately allow the resumption of transhumance affects a large number of citizens of the region. We hope to help the local people set up such mechanisms.

Concordis will also act as a consultant in several other prefectures in the north of the country, in order to help our partner organisations support them with conflict analysis, beneficiary feedback, and overall conflict sensitivity in implementing their development actions.


By mrduediligence

Posted: Thursday Nov 8 5:52:42AM 2018

France proposes UN peacekeeper support for Central African troop deployments

https://thedefensepost.com/2018/11/07/france-proposes-un-peacekeeper-support-central-african-republic-troops/

The United Nations Security Council is weighing a proposal that would see U.N. peacekeepers in the Central African Republic offer support to newly-trained troops as they deploy across the country.

A French-drafted resolution would authorize the U.N.’s Minusca mission to “provide limited logistical support” for troops that have been trained by the European Union, according to the text seen by AFP on Wednesday, November 7.

The proposal is raising eyebrows, in particular from the United States, which is seeking to streamline peacekeeping operations to reduce costs and make them more effective, diplomats said.

The council will vote next week backing “rapid extension of state authority over the entire territory” by supporting the deployment of the vetted and trained troops in areas outside the capital Bangui.

President Faustin-Archange Touadera in April called for more peacekeepers to be deployed, and for Minusca to transition from peacekeeping to peace enforcement.

Touadera’s weak government controls around a fifth of Central African Republic and relies heavily on Minusca for support. The rest of the country is controlled by at least 14 different militia groups who often fight each other for control of revenue from extortion, roadblocks or mineral resources.

The draft resolution also extends the Minusca mission until November 2019 but maintains a ceiling of 11,650 military personnel. Last year, the council increased the authorized number of personnel by 900. Minusca is the U.N.’s fourth largest mission, after the Democratic Republic of Congo, South Sudan and Mali.

Training and equipping Central African forces
The European Union has trained more than 3,000 personnel to serve in the Central African Armed Forces (FACA). In July, the bloc extended EUTM-RCA until 2020, pledging €25 million ($29 million) to help reform the country’s defense sector. The scope of the mission was also modified to give strategic advice to the president’s cabinet, interior ministry and police, as well as the military.

Russian advisors also work with FACA and provide security and advice to Touadera. In August, Russia signed a military cooperation agreement with CAR offering the possibility for Central African officers and NCOs to be trained in Russian military schools.

Central African Republic troops give a demonstration of their skills at a ceremony to mark the completion of training of the latest group of CAR’s armed forces by Russian advisors, September 17, 2018. Image: Renaissance.cf/FacebookMore than 1,000 FACA personnel have completed Russian training programs in CAR, which they undertake after completing the EUTM-RCA program. They are trained by Russian instructors in the use of weapons provided by Russia.

The U.N. Security Council imposed its current arms embargo on CAR in 2013, but weapons shipments for the security forces can be authorized after special pre-approval by a sanctions committee. The embargo was last year lifted by the Security Council to allow delivery of Russian weapons, which the U.N. has since verified with the defense ministry and Russia.

Russia’s Ambassador to CAR Sergey Lebanov said on September 17 that a second shipment of Russian arms and ammunition “is in preparation,” and will be delivered once it has Security Council approval.

However, while on a visit to CAR on November 2, Foreign Minister Jean-Yves Le Drian announced that France would “soon deliver” 1,400 assault rifles for FACA within a strict and transparent U.N. framework, adding that “it would be absurd to train soldiers and not to give them the means to perform their duties.”

It is unclear if the intended French shipment is instead of or in addition to the proposed Russian delivery.

Some of the more than 70 vehicles donated by China’s Poly Technology group to Central African Republic’s military forces, August 8, 2018. Image: Renaissance.cf/FacebookIn June, France, the U.S. and the United Kingdom put a hold on a CAR request for U.N. Security Council approval of weapons shipments from China.

On September 26, Touadera reiterated a call for “the total lifting of the arms embargo that still weighs on our national army” in an address to the annual U.N. General Assembly.

Parfait Onanga-Anyanga, the outgoing U.N. special envoy to CAR and head of Minusca, said the following day that the U.S. had also proposed sending “new quantities of weapons” to the country.

Onanga-Anyanga said that the need for weapons was “undeniable” as the Central African Republic government builds its armed forces, but urged transparency in the flow of arms.

France, Belgium, China and the U.S. have recently supplied equipment for CAR’s military, but that equipment is understood not to include weaponry.

Competing peace efforts
The draft resolution also takes aim at recent Russian efforts to broker peace deals in CAR by specifying that an African-led initiative is “the only framework” for a solution.

Working with Sudan, Russia on August 28 convened talks in Khartoum where four ex-Seleka groups and a rival anti-Balaka group signed a declaration of understanding which said they had decided to “create a common framework for dialogue and action for a real and lasting peace.”

However, on October 19, two of the ex-Seleka groups said they had withdrawn from the agreement, and a third withdrew days later.

The Russia-brokered talks drew criticism from former colonial power France which said there was “no alternative” an on-going African Union initiative, but Russia’s foreign ministry has said Moscow “plans to continue its mediation efforts” in coordination with the A.U. and U.N.

Supported by the U.N. and other international partners, an A.U. expert panel has been working to set up negotiations between the militias and the government since July 2017. France, Russia and the U.S. are observers in the A.U. iniitiative.

An African Union expert panel attempting to broker peace meets with representatives of Central African Republic’s armed groups to discuss their demands, Bouar, August 28, 2018. Image: @UN_CAR/TwitterJust days after the Khartoum declaration was signed, representatives from 14 militias held talks that could lead to negotiations with the government, a spokesperson for the A.U. expert panel said.

The “positive” meeting ended with a single list of 104 demands, signed by the representatives of the 14 armed groups that would be be put to the government as “the basis for negotiations between the two sides,” Francis Che said.

Touadera welcomed the A.U. meetings, saying that “the African initiative is the only frame of reference” for dialogue.

To step up diplomatic efforts, the U.N. and A.U. plan to appoint a joint special envoy, while Onanga-Anyanga will become part of the A.U. panel leading the peace effort.

A divided country
Despite reserves of diamonds, gold, uranium, copper and iron, Central African Republic is one of the world’s poorest countries.

The majority-Christian country descended into violence following the 2013 ousting of President Francois Bozize in 2013 by the Seleka, a coalition of mainly Muslim rebel groups.

Seleka was officially disbanded within months, but many fighters refused to disarm, becoming known as ex-Seleka. Many others joined the mainly Christian anti-Balaka militia to fight the Seleka, leading to a spiral of violence between groups along both religious and ethnic lines.

By the end of 2014, the country was de facto partitioned – anti-Balaka in the southwest and ex-Seleka in the northeast.

Violence by both sides led to thousands of deaths. Nearly 700,000 people are displaced, 570,000 have fled the country and 2.5 million are in need of humanitarian aid, according to the U.N.


By mrduediligence

Posted: Wednesday Nov 7 8:37:56AM 2018

3 recent articles: IMF Review's Fifth CAR Financing, France & UK To Help CAR With Air Support, Bambari Secured

https://www.imf.org/en/News/Articles/2018/11/06/pr18410-car-imf-staff-completes-discussions-for-the-fifth-review-under-the-extended-credit-facility

https://www.diplomatie.gouv.fr/en/country-files/united-kingdom/events/article/united-kingdom-meeting-between-jean-yves-le-drian-and-his-british-counterpart

https://africandailyvoice.com/2018/11/07/centrafrique-bambari-retrouve-calme-operation-militaire-faca/


By mrduediligence

Posted: Tuesday Nov 6 8:09:45AM 2018

UN Welcomes Russia For CAR Defense & UN Sees CAR Stabilizing

MINUSCA Chief Welcomes Russia's Support Of CAR Defense, Security Forces Reform - https://www.urdupoint.com/en/world/minusca-chief-welcomes-russias-support-of-ca-474180.html


CAR's Current Stability Level Sufficient To 'Envisage Dialogue' - MINUSCA Head - https://www.urdupoint.com/en/world/cars-current-stability-level-sufficient-to-474182.html


By mrduediligence

Posted: Sunday Nov 4 12:11:35PM 2018

Sudan’s al-Bashir invites Congo and Gabon leaders to CAR peace talks

http://sudantribune.com/spip.php?article66548

November 3, 2018 (KHARTOUM) - Sudanese President Omer al-Bashir extended an invitation to the Congo-Brazzaville’s President, Denis Sassou Nguesso and the President of Gabon Denis Sassou Nguesso to attend the opening session of Khartoum peace process to end the conflict in the Central African Republic (CAR).


According to a statement released in Khartoum on Saturday, Foreign Minister El-Dirdeiry Mohamed Ahmed Friday travelled to Congo-Brazzaville and Gabon on Friday to extend an invitation for the leaders of the two countries to take part in the opening session of the talks for peace in the CAR on 15 November.


Following his arrival to Libreville, Derdeiry met with Gabon’s Prime Minister Emmanuel Essoze-Ngondeton and handed him a letter from al-Bashir addressed to President Bongo. On the same day, he handed over another letter to the Congolese President Sassou Nguesso at his residence in Oyo.


"The Minister conveyed an invitation from President al-Bashir to his Gabonese and Congolese counterparts to attend these important discussions, pointing out that their personal presence will confirm the interest of African leaders in efforts to resolve the crisis in the CAR," said the foreign ministry.


"The Congolese president agreed to attend the Khartoum talks on 15 November," added the statement.


In mid-October, the Sudanese president sent his foreign minister to both Chad and the Central African Republic to rally support for the initiative to resolve a bloody conflict between the different groups of the central African nation.


According to the statement, the Sudanese top diplomat explained during these meetings the preparatory talks held by Khartoum with the opposition groups, which agreed to join the Khartoum peace process. He further briefed them about the positive indicators of the meetings.


The Sudanese presidential envoy also informed the two African leaders about the outcome of the meetings held on the sidelines of the UN General Assembly with the African Union officials, African leaders and regional and international partners to push forward the ongoing efforts to end the crisis in the Central African Republic.


Last August, the Sudanese government hosted a meeting for peace in CAR including the main armed groups, the Christian anti-Balaka militia of Maxime Mokom and Muslim Seleka armed faction led Noureddine Adam. The Central African government was not part of the Russian-supported meeting.


The divided groups signed the Khartoum Declaration of Entente on 28 August 2018 where they accept to negotiate a peaceful settlement for the civil war that erupted in December 2012.


However, Two of the five signatory groups of Khartoum Declaration: the National Defence and Security Council (CNDS) of Abdoulaye Hissène and the Unity for Peace in Central Africa (UPC) led by Ali Darassa distanced themselves from the agreement on 19 October.


But El-Dirdeiry said they are conducting intensive consultations and meetings to convince all the armed groups to join the process.


(ST)


By mrduediligence

Posted: Saturday Nov 3 4:30:54PM 2018

Central African Republic: Blue Helmets and Government Forces Remove Rebel Fence in Bambari City

http://french.xinhuanet.com/2018-11/03/c_137577765.htm

BANGUI, November 2 (Xinhua) - UN peacekeepers from the UN Mission in the Central African Republic (Minusca) and Central African Armed Forces (FACA) soldiers stationed in the Central African city of Bambari (center) decided on Friday to open the doors in the northeast neighborhoods of the locality, by dismantling barricades erected by the elements of the rebel movement "Union for Peace in Central Africa" ​​(UPC) chief Ali Darassa, learned Xinhua Friday from local sources.

This dismantling of the barricades, the source said, was accompanied by intensive shooting of heavy and automatic weapons from the middle of the day, giving the impression of clashes between the joint FACB-Blue Patrol and rebel elements.

Not wanting joint patrols of peacekeepers and FACA in the town of Bambari, especially in the northeastern neighborhoods, UPC rebel elements erected barricades on almost every roadway in their neighborhoods in an attempt to adversely affect the free movement of people and goods, but above all the mobility of these patrols.

Last Wednesday, joint force patrols resulted in a confrontation that triggered the use of heavy, automatic weapons to repel the attackers.

However, Bambari was chosen as a pilot city "without weapons and without armed groups" by the government where there was a strong presence of rebel elements.

The unrest for the time, according to another local source, would have a link with the dismissal of the Speaker of the National Assembly Abdou Karim Meckassoua. Taking advantage of this internal crisis in the National Assembly, rebel groups are trying to do everything possible to boycott World Food Day (WYD), scheduled to be held in Bambari from 15 to 17 November. End


By mrduediligence

Posted: Friday Nov 2 11:12:06AM 2018

France promises money, guns for Central African Republic


https://www.expatica.com/fr/news/country-news/CAfrica-France-aid-weapons-diplomacy_2195352.html

2nd November 2018,   0 comments


France will give the Central African Republic, its restive former colony, aid of 24 million euros ($27.4 million) and weapons, Foreign Minister Jean-Yves Le Drian announced on Friday.


"France wishes to continue its historical partnership with the Central African Republic," the minister told journalists in Bangui after meeting President Faustin-Archange Touadera.


Le Drian signed aid agreements worth 24 million euros in 2018 for the payment of salaries and pension arrears, to develop regions near neighbour Cameroon affected by massive population displacements, and build bridges to open access to parts of the country.


He also announced that France would "soon deliver arms" to Bangui -- specifically 1,400 assault rifles for the Central African Armed Forces (FACA) established after independence in 1960.


"We are doing this within the strict, respectful, and transparent framework of the United Nations, in total transparency concerning the origin, the routing, and the delivery" of the arms, said Le Drian.


One of the world's poorest and most unstable countries despite vast mineral riches, the CAR spiralled into bloodshed after longtime leader Francois Bozize was overthrown in 2013 by a mainly Muslim rebel alliance called the Seleka.


That same year, the UN Security Council imposed an arms embargo on the country. The ban remains in place, except for weapons provided to the security forces with special pre-approval by a sanctions committee.


Last year, this committee gave the green light for Russia to supply weapons to the national forces.


But in June this year, France, Britain, and the United States blocked a request from Bangui for UN approval of Chinese weapons deliveries.


CAR Foreign Minister Charles Armel Doubane said Friday it "was time that France decided to make these assault rifles available to FACA within the strict framework of international commitments."`


The government controls only a small part of the country, with vast areas under the control of armed groups vying for power and resources.


Thousands of people have died, 700,000 been internally displaced and another 570,000 have fled abroad as a result.


The African Union launched a UN-backed mediation effort in July 2017.


On the eve of Le Drian's visit, clashes between armed groups in Batangafo in the north forced more than 10,000 people to take refuge in the local hospital, according to Doctors Without Borders.

© 2018 AFP


By mrduediligence

Posted: Thursday Nov 1 10:06:28AM 2018

Newswire: RJDH-RCA: Armed Groups Confirm There Will Be No Withdrawal From Khartoum Agreements

Newswire: http://www.prnewswire.co.uk/news-releases/rjdh-rca-armed-groups-confirm-there-will-be-no-withdrawal-from-khartoum-agreements-699284491.html

BANGUI, Central African Republic, November 1, 2018 /PRNewswire/ --

'People's front for the revival of the CAR' and 'Union for peace in the CAR' have said that their organizations are not going to withdraw from the Khartoum agreement. Information on the termination of their participation in the agreement was published earlier in the media.
The representative of the 'Union for peace in the CAR' Hassan Bubba, said that his organization is not going to withdraw from the Khartoum agreements: "I confirm that we remain within the framework of the agreements reached," - according to Ndjoni Sango (http://ndjonisango.com/politique/politique-politique/centrafrique-interview-avec-hassan-bouba-de-lupc-qui-rejette-les-allegations-des-faux-communiques/ ) Moreover, Bubba added that the 'Union for peace in the CAR' is going to take part in the next round of peace talks in Khartoum in mid-November.

President of the National Defense and Security Council of the People's front for the revival of the CAR, Abdoulaye Hissen, also said that his organization will continue to comply with the agreements reached: "The Khartoum agreements are not in doubt," - according to Africa daily voice (https://africandailyvoice.com/2018/10/28/centrafrique-laccord-de-khartoum-nest-pas-remis-en-question/).

Earlier, the African media published reports on the withdrawal of armed groups from the Khartoum peace agreement, which was signed on August 28, 2018. These reports appeared in the media amid the dismissal of the Chairman of the national Assembly of the CAR, who left his post on October 26, 2018. For his resignation voted 98 deputies out of 140.

Created in December 2010, the Network of journalists for human Rights in the Central African Republic (RJDH-RCA) works with community radios in the country. Every day, the coordination of the network exchanges information with radio stations on Human Rights and humanitarian intervention. With the support of our partner, INTERNEWS CENTRAFRICAINE, we share the idea that information is a humanitarian intervention. Because we believe that an informed population can prevent conflicts and improve its living conditions in peace. In short, we believe that reliable information can help save lives. 

SOURCE RJDH-RCA


By mrduediligence

Posted: Wednesday Oct 31 8:05:14PM 2018

Central African Republic Facebook Page Offers Up To Date Information On Progress In Country

https://www.facebook.com/Centrafrique-Debout-171054843566500/

Click on the posts sections and you will find very up to date information. For Example, Bambari is now safer and has opened it's market place after four years of being shut down thanks to the UPC rebel group. They no longer exist in the town. As well, many large scale projects that do not have any articles available. 


Examples of recent posts (Keep in mind you will have to translate them from French to English via the Facebook translator). Bambari is the key town to be secured as Passendro/Ndassima are directly north and where Axmin Inc. has it's gold deposit.


 Centrafrique Debout
 October 28 at 9:28 AM ·  

Central African Republic: progress in construction of 5000 social housing on the road to mbaiki


A contract of cfaf 98 billion (about $ 175 million) for the construction of 5 SOCIAL HOUSING UNITS IN THE CENTRAL AFRICAN
Contacted by a team of reporters, the team leader of ngaliema said:
" in the work that is mine, my team and I have found investors.", he said. Adding that " we sold our country's potential after 18 months of negotiations. A convention has been signed with the central African authorities, we are completing the studies. The total cost of this project is 98 billion francs ".


According to reporters, the start of the work is planned to take place both in the capital bangui and in several other cities in the country.


" initially, we needed 5 sites to enable us to make 1 dwellings per site. But the state's concern is to enlarge the city, which is why we planned two sites at bimbo, a site at pk 14 not far from where the university will be built. We have another site on the damara axis and a site in study to landja. In the end, we will try to put 4 000 dwellings around bangui and distribute the 1 000 in high concentration areas, particularly in bouar, Berbérati, bambari and give a new breath to a city like Bangassou.", he said.


It should be noted that because of the armed tensions that have shaken the central African Republic, many houses have been destroyed causing thousands of homeless people So many people still live in makeshift camps.


According to the central African authorities, housing needs have increased from about 500 dwellings before the crisis, to about one million today.

Centrafrique Debout
 
October 23 at 3:37 AM · Bangui, Central African Republic ·  

Illuminate Bambari! The City's enerca takes over the distribution of solar, digital and domestic energy. "the current is back"


Bambari, 11 September 2018, to the surprise of the inhabitants of this city about 350 km from the central African Capital, domestic electricity is back.


Once during the crisis, the city was the stronghold of UPC's violent extremist groups, transformed into the kingdom of the Nigerian-born terrorist ali darras who makes honey thanks to the ores minerals and the multiple illicit barriers erected on the axes.


Being cornered by the special forces of the minusca and today with the presence of faca who broke the ankles of these sacristans, a few days ago when a network of these terrorists attempted to attack the city station , the replica has been severe, and ghosts have returned to their cogna, so bambari the star of the ouaka finds its tranquility with the return of the vector of growth that is domestic electricity that illuminates the whole locality.


By mrduediligence

Posted: Wednesday Oct 31 11:18:27AM 2018

https://minusca.unmissions.org/la-minusca-et-les-faca-lancent-des-patrouilles-conjointes-%C3%A0-bambari


Note: Once Bambari is secured, CAR government forces and other support can move north and secure the Ndassima gold mining region, allowing Axmin to return to their gold deposit.


Oct 31,2018


MINUSCA AND FACA LAUNCH JOINT PATROLS IN BAMBARI


The Force of the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA) MINUSCA and the Central African Armed Forces (FACA) lead since Monday, October 29, 2018, joint patrols in Bambari, in the prefecture of Ouaka (center) . "Soldiers from both institutions patrolled Kidjigra, Lapago, Bbornou, Adji and Sangharis and the initiative was well received by the people. The commander of the FACA detachment visited the central market, which reopened four years later, and traded with merchants, "said MINUSCA spokesman Vladimir Monteiro.


During the weekly press conference, the spokesman said that in addition to the extension of state authority, the gradual and coordinated deployment of the FACA and the Internal Security Forces (ISF) aims to contribute the protection of civilian populations.  " In this sense, the Mission reiterates its support for the authorities and denounces the sporadic shooting by suspected armed individuals of the UPC" as these joint patrols began, he said, recalling the recent deployment of the FACA and joint operations with MINUSCA in other areas such as Paoua, Bangassou, Sibut or Obo. 


Similarly, the recruitment process for the 1,023 FACA recruits, which will take place from 5 to 14 November 2018, was discussed, in particular the technical, logistical and material support of MINUSCA, "in particular in the training of the recruitment and training teams. their deployment in the prefectures as well as in the area of ​​awareness and communication. The spokesman also condemned the disruption, by about twenty elements of the FPRC, of ​​an activity related to this process in the town hall of Ndélé, Bamingui-Bangoran prefecture. "MINUSCA has reinforced its patrols in the area while the Mission Police is investigating this incident," he said.


The spokesman further recalled Security Council Resolution 2387 which "calls on the Central African authorities to implement the national security policy and the national strategy for security sector reform in order to build up defense forces. professional and ethnically representative and regionally balanced national and domestic security, including through the adoption and implementation of appropriate due diligence procedures, including respect for human rights, for all defense and security personnel, and measures to integrate elements of armed groups that meet rigorous selection and due diligence criteria. "


The Community Violence Reduction Project (CVR) in Bangui and Bouar was also highlighted at the press conference. In the capital, the training of 785 beneficiaries began and will take place over a period of three months in various sectors including trade, carpentry, mechanics and livestock. In Bouar, the integrated DDR / UNOPS team carried out a weapons collection operation in the city of Bouar with the support of the Force, allowing the recovery of 1,191 hunting weapons, 447 cartridges of different calibres and 29 grenades, between other".


For his part, MINUSCA Force spokesman Major Mohamed Ouabed said the security situation is generally calm throughout the country. "The MINUSCA Force, in collaboration with the Mission Police, the FACA and the Internal Security Forces, is continuing its efforts to strengthen the protection of the civilian population and to spare them any threat," the spokesman said. military word.


For his part, the spokesman of the police component of MINUSCA, Captain Franck Gnapié, said that in Bria, several cases of death threats by armed groups were recorded in the IDP camps of the city. "The MINUSCA Police has put itself on alert and is increasing patrols in the city and especially in IDP camps to maintain calm." In addition, he said, "10 people who had been handed over to the MINUSCA police by the ISPs of the city were transferred to Bangui on October 23, 2018, to be handed over to the Central African judicial authorities. Four others had been released on the spot in Bria on instructions from the judicial authorities for lack of evidence ".


By mrduediligence

Posted: Sunday Oct 28 1:58:31PM 2018

October has been a very active month for the Central African Republic(CAR for short). The government forces (FACA) are now starting to move ahead with reclaiming the country as the European Union, African Union, United Nations, Russia, Sudan, USA, France, and other powers help support them.


The goal for Axmin Inc. is to get back to it's Passendro gold property which is just north of Bambari in an area called Ndassima. Exactly one month ago, the government announced that it was going to start sending troops to Bambari and start taking back the town, then likely push ahead North and secure Ndassima, thus giving Axmin the ability to go back. This has been six years in the making, but this is the closest the company has ever been to going back.


Below are articles that summarize what has happened over the last month. As well, keep in mind that Teranga Gold(TGZ.T) will be announcing results on November 1st which will also include their usual quarterly royalty payment to Axmin Inc. There could also be a possible update as to the other targets being mined.


Sept.28 - Central African Republic: Soon the deployment of FACA in Bambari
link: http://ndjonisango.com/securite/centrafrique-bientot-le-deploiement-des-faca-a-bambari/
- With Bambari secured, FACA can move north and secure Ndassima/Ippy/Passendro, giving AXM the ability to go back
- Main area where AXM staff/equipment would be flown into


Oct 8 - CAR government works & citizens returning to Bambari
link: http://palmarescentrafrique.com/report-dun-mois-de-la-celebration-de-la-journee-mondiale-de-lalimentation-edition-2018-a-bambari/
- FACA also mentioned, so this tells me the town of Bambari is currently getting back to normal after years of turmoil


Oct 14 - UPC fighters weaponry taken away
link: http://french.xinhuanet.com/2018-10/14/c_137530852.htm
- So this is why the UPC pulled out of the October 23rd peace deal. FACA will not stand for armed guys walking around and will either take the weapons away, or take em out. UPC is the main rebel group that holds back Axmin from heading back to Passendro.


October 16th - 30 killed over two months in Central African diamond hub
link: https://www.timeslive.co.za/news/africa/2018-10-16-30-killed-over-two-months-in-central-african-diamond-hub/
- FPRC & UPC muslim extremists did this
- Stronger signal for FACA to push ahead sooner


October 23rd - Special Criminal Court In Central African Republic Conducts 1st Meeting
link: https://www.urdupoint.com/en/world/special-criminal-court-in-central-african-rep-462216.html
- Established court system to try criminals will help bring justice back to the country


October 23rd - Two CAR armed groups pull out of Khartoum peace process
link: http://www.sudantribune.com/spip.php?article66479
- The two armed groups that pulled out are the UPC and CDNS. UPC we know is due to FACA coming and taking back Bambari
Key note: "(We deplore) the low-level political instrumentalization of the Khartoum Declaration of Entente of August 28th which has been diverted to the sole benefit of the deployment of the FACA (Central African Armed Forces), a revanchist army ready to return to a fratricidal armed struggle," said the UPC.


October 24th - Central African Republic to begin disarming groups by year's end: UN envoy
link: https://www.modernghana.com/news/892711/central-african-republic-to-begin-disarming-groups-by-years.html 
- Major breakthrough. Dealing with 8 groups rather than 14 will be easier


October 27th - CAfrica rebels issue ultimatum to government officials
link: https://www.yahoo.com/news/cafrica-rebels-issue-ultimatum-government-officials-193045042.html


October 27th - Central African Republic: Khartoum agreement still respected
link: https://africandailyvoice.com/en/2018/10/28/central-african-republic-khartoum-agreement-still-respected/


October 27th - Central African Republic: the President of the National Assembly dismissed
link: https://africandailyvoice.com/en/2018/10/28/central-african-republic-the-president-of-the-national-assembly-dismissed/


October 28th - Moscow Denies Reports of CAR Rebel Ultimatum to Withdraw Russian Mil. Advisers
link: https://sputniknews.com/africa/201810281069299191-russia-car-advisers-rebels/


Despite the apparent rumour that the rebels have told CAR representatives to leave, there is more support that this was fake news and things will proceed. FACA still needs to deal with the UPC, but they are much weaker now and have also had battles with the FPRC and Anti-Balaka over the last year.


By mrduediligence

Posted: Thursday Oct 25 8:29:46PM 2018

Chinese Portfolios Need A 6% Allocation To Gold - WGC

(Important to know since AXM(Axmin Inc) is majority owned by Chinese investors and NAI500 promotes to strictly Chinese investors). This is a huge benefit.

https://www.kitco.com/news/2018-10-18/Chinese-Portfolios-Need-A-6-Allocation-To-Gold-WGC.html

(Kitco News) - Investors in China need to allocate up to 6% of their portfolios to gold, according to the World Gold Council (WGC), which sees the yellow metal as minimizing the negative effects of volatility.

Chinese traders have had a tough year, with losses in both the equity and bond market spaces, said WGC Investment director Fred Yang.

“China’s leading index, the CSI 300, has underperformed the MSCI World Index by around 20% since 1 January 2018. At the same time, the credit spread between AA+ corporate bonds and the quasi-sovereign China Development Bank bond has ballooned to more than 200bps, highlighting concerns about prospects for domestic companies,” Yang wrote in October’s Gold Investment report.

The reasons behind poor performance include escalating trade tensions with the U.S., tightening Federal Reserve monetary policy as well as domestic deleveraging and tighter rules on shadow banking, the report said.

“The situation puts China’s investors in a difficult position. Equity and bond futures markets do not provide effective hedging tools, as they are comparatively shallow and restricted. And currency weakness is a further problem, particularly for onshore investors,” Yang explained.

In this kind of environment, gold might be the key to investors’ success, the report added.

And the right amount to allocate to gold is between 3% and 6%, the WGC said citing a study done by asset management specialists New Frontier Advisors that used optimization simulation and incorporated data from major asset classes from January 2007 to December 2017.

“The results were noteworthy, suggesting that the optimal allocation to gold increases from 3% to 6% as portfolios’ nominal target returns increase from 4% to 5.5%,” Yang wrote. “The analysis further shows that if a Chinese institutional investor makes a 6% allocation to gold it would reduce the volatility of its portfolio, increase the sharpe ratio from 0.46 to 0.54 and still keep the target return of 5%.”

But this target has a much wider application as well and can be used by investors from across the world, the WGC pointed out.

“Whether institutions are invested in US-, European- or UK-listed assets, research indicates that most well-balanced portfolios would benefit from a modest allocation to gold,” the report said. “Gold has a low correlation with other mainstream assets and boosts risk-adjusted returns. As such, it has the potential to be a rewarding asset for Chinese investors.”


By mrduediligence

Posted: Wednesday Oct 24 5:40:09AM 2018

China calls for more int'l support for peace efforts in CAR

http://www.globaltimes.cn/content/1124298.shtml

Source:Xinhua Published: 2018/10/24 13:54:22
 

A Chinese envoy on Tuesday called on the international community to continue to help the government of the Central African Republic (CAR) with its efforts to build peace and stability. 

The political process in the CAR has recently made progress while the security situation remains fragile. There are still challenges for the country to realize lasting peace and stability, said Wu Haitao, China's deputy permanent representative to the United Nations (UN). 

China calls on the international community to continue to support the efforts by the CAR government to enhance national capacity building, and assist the government's efforts to maintain security and stability, deal with humanitarian situation and crises, and resolve the root causes of the conflict, he told the UN Security Council. 

China urges parties in the CAR to put the interests of their country first and resolve their differences through dialogue and consultation, said Wu.


By mrduediligence

Posted: Wednesday Oct 24 5:12:33AM 2018

CAR President Mentions Investment At World Investment Forum


https://unctad.org/en/pages/newsdetails.aspx?OriginalVersionID=1895

Highlights from article:


October 24th 2018


But stable regulatory and fiscal regimes are a precondition of attracting such investment, said leaders from Armenia, Botswana, Central African Republic and Lesotho

Open for business


Armen Sarkissian, President of the Republic of Armenia, said that his country had the most-advanced information technology sector in the countries of the former Soviet Union. It deserved to be “rediscovered” as a “core component” of the trade routes of the Silk Road, and had recently changed governments in a popular but peaceful revolution, he said. The country was a small but vital bridge between Eurasia and Europe and benefitted from its immense diaspora spread around the globe.


Mokgweetsi E.K. Masisi, President of the Republic of Botswana, said the new industrial agenda presented challenges to developing countries such as his. Governments needed to attract investment into digital infrastructure by updating their policy and regulatory regimes, he said. The so-called “demographic dividend” of an increase in the number of young Africans was an opportunity to seize concerning the new industrial agenda, he said.


With the proactive involvement of multilateral institutions, President Masisi said, “the attainment of the Sustainable Development Goals is not as far-fetched as we might imagine”.


Faustin-Archange Touadéra, President of the Central African Republic, said the new industrial agenda was a technological agenda and one that was central to achieving the Sustainable Development Goals. Speaking on behalf of his country, he said that half of the citizens of the Central African Republic needed not just development aid but humanitarian aid, following a period of crisis.


However, the Central African Republic was ripe for investment, particularly in agriculture and fisheries, thanks to a favourable climate and geography. Investors could help, for example, with the development of the Oubangui river to help build better connections to neighbouring economies, President Touadéra said.


Motsoahae Thomas Thabane, Prime Minister of the Kingdom of Lesotho, said his country was “open for business” and enhancing its institutional and regulatory frameworks to make it easy to invest there.


“As a landlocked country, investment is not an option but a must for sustainable economic growth,” he said.


By mrduediligence

Posted: Tuesday Oct 23 7:17:08PM 2018

 African Union - European Union relations: joint consultative meeting on peace and security
 
https://reliefweb.int/report/world/african-union-european-union-relations-joint-consultative-meeting-peace-and-security
 
11th Annual Joint Consultative Meeting of the Political and Security Committee of the European Union and of the Peace and Security Council of the African Union

Brussels, Belgium
23 October 2018

On 23 October 2018, the European Union (EU) Political and Security Committee (EU PSC) and the African Union (AU) Peace and Security Council (AU PSC) held their **11th Annual Joint Consultative Meeting **in Brussels, Belgium as part of their regular dialogue within the framework of the AU – EU partnership. The meeting was co-chaired by Ambassador Sofie From-Emmesberger, Permanent Chair of the EU PSC and H.E. Ambassador Lazare Makayat Safouesse (Republic of Congo), Chairperson of the AU PSC for the month of October 2018. The Joint Meeting brought together Ambassadors of EU Member States and AU PSC Member States, as well as Senior Officials from the EU External Action Service and Commission, and from the AU Commission.

The Joint Consultative Meeting was preceded by the 4th Joint Retreat of the EU PSC and the AU PSC, held on 22 October 2018, which provided the opportunity for an informal exchange of views on enhanced cooperation on aspects discussed in multilateral fora and sustainable financing of AU-led peace operations authorized by the United Nations Security Council (UNSC) and on cooperation on conflict prevention and mediation, on following up on the outcome of the 5th AU-EU-Summit in Abidjan in November 2017, the implementation of the AU-EU Memorandum of Understanding on Peace, Security and Governance signed in May 2018.

The EU PSC and the AU PSC underlined the importance of effective multilateralism and the rules-based international order with the United Nations at its core. They acknowledged the importance of strengthened AU-EU-UN cooperation and invited further reflection on how to follow-up on the high-level meeting of AU-EU-UN principals which took place in September, in the margins of the UN General Assembly.

The EU PSC and the AU PSC acknowledged the importance to translate their political cooperation in the area of conflict prevention into concrete initiatives such as joint field visits, joint sessions, developing shared understanding and analysis on crisis situations, as well as investigate avenues for joint early action. They underlined the important role of women and youth as active players in conflict prevention and mediation.

The discussion during the Joint Consultative Meeting focused on progress made on resolving conflict/crisis situations and threats to peace and stability in the Mali/Sahel, the Central African Republic (CAR), the Democratic Republic of Congo (DRC), South Sudan, Somalia and Burundi.

On the situation in Mali and the Sahel, the EU PSC and the AU PSC welcomed the peaceful holding of the presidential elections in Mali which took place on 29 July and 12 August 2018 and called upon all Malian stakeholders to work together to promote sustainable and inclusive peace and development in their country. The EU PSC and AU PSC noted the renewed commitment of the Malian signatory parties to accelerate the implementation of the Agreement for Peace and Reconciliation in Mali signed in 2015 as demonstrated by the signature of a Pact for Peace between Mali and the United Nations on 15 October 2018. However, they expressed concern over the slow implementation of the Agreement, in particular provisions relating to institutional measures, security arrangement and the development for the northern part of the country. They recalled the importance of the Agreement to achieve lasting peace and reconciliation in Mali. In particular, they stressed the need for concrete and urgent progress in the areas of Disarmament, Demobilization and Reintegration (DDR) of former combatants in order to restore security to the northern region, facilitate the work of the interim authorities and allow for local development, as well as for the return of refugees and displaced persons. They commended the key role of Algeria in supporting the peace process in Mali as Head of the Mediation efforts and as Chair of the Comité de Suivi (CSA), and called for more inclusivity of women and civil society organizations in its implementation. They urged the Malian authorities to work towards a large political and social consensus with a view to undertaking the necessary reforms to tackle Mali's main institutional, security and development challenges, in order to improve the livelihoods of all its citizens, and re-affirmed their willingness to support the Malian Government in these efforts.

The EU PSC and the AU PSC expressed deep concern over the continued extension of terrorist attacks in the Sahel region, spilling over from northern Mali to the centre part of the country and into neighboring countries, and expressed particular concern over the deteriorating security situation in Burkina Faso. They strongly condemned the terrorist attacks against the civilian populations, the armed and security forces of Mali, the countries of the region, and the international forces of the UN Multidimensional Integrated Mission for Stabilization in Mali (MINUSMA) and Operation Barkhane. They reiterated their support to MINUSMA and called for further means and capabilities for the Mission so it can deliver its mandate in a safe manner. They also welcomed the role played by the troop contributing countries and paid tribute to those troops who have paid the ultimate sacrifice and those who sustained injuries in the promotion of peace, security, stability and reconciliation in Mali. They also recalled the framework allowing MINUSMA to provide logistic support to the G5 Joint Force and called for the swift disbursement of the funds dedicated to it under the African Peace Facility. They also noted the call by the UN Secretary General in April 2018 for the use of the UN assessed contributions and welcomed the progress made and the commitment to progress rapidly in the implementation of a human rights and international humanitarian law compliance framework for Africa peace support operations. They further welcomed the ongoing efforts by the AU to re-energize the Nouakchott Process in the context of the review process of the AU Strategy for the Sahel region.

The EU PSC and the AU PSC reaffirmed their partnership in support of regional security and development in the Sahel, as well as the cooperation on the ground between the EU Special Representative for the Sahel and the AU High Representative for Mali/Sahel. They saluted the contribution to the stability of the Sahel region made by the EU Training Mission (EUTM) Mali and EU Capacity Building Missions (EUCAP) Sahel Mali and Niger.

They commended efforts by the G5 Sahel and ECOWAS to reinforce regional cooperation to address the threats of terrorism and organized crime. They welcomed the progress made by the G5 Sahel countries towards the full operational capacity of a Joint Force to combat terrorism, transnational organized crime and all trafficking in the region under the mandate of the AU PSC and with strong EU support. They re-affirmed their commitment to support the G5 Sahel priorities, in particular to successfully implement the UN Security Council resolution 2391 that also needs to be sustained in the longer term. In this regard, they stressed the need to further mobilize political support from regional and international actors to follow up on the pledges made during the High Level Conference on the Sahel that was held in Brussels on the 23 February 2018. They further stressed the need for international support for the successful convening of the Conference on the G5 Programme d'Investissements Prioritaires in Nouakchott on 6 December 2018. In this regard, they underlined the need for the Conference to contribute for greater ownership by countries of the region. They stressed the importance of the full operationalization of the fiduciary fund set up by the G5 Sahel.

The EU PSC and the AU PSC noted the progress made in the Central African Republic (CAR) in the search of lasting solutions to the crisis in the country. They welcomed and reaffirmed their support to the AU sustained efforts through the African Initiative for Peace and Reconciliation in CAR, with the support of the countries of the region, through the Economic Community of Central African States (ECCAS), the International Conference on the Great Lakes Region (ICGLR), Cameroon, Gabon, Republic of Congo, DRC, Sudan and Chad. They urged all stakeholders in the Initiative to participate actively in the implementation of the Roadmap adopted in Libreville, on 17 July 2017. In this regard, they took note with appreciation of the work done by the Facilitation Panel, which, on 31 August 2018, handed over to the President of the CAR, Faustin-Archange Touadera, the list of grievances and demands expressed by the 14 armed groups of the CAR following extensive consultations with these groups in recent months. They acknowledged the African Initiative as the only viable framework for the promotion of lasting peace, security and stability in the CAR. They called on all CAR stakeholders, the UN, notably through CAR country specific configuration of the Peacebuilding Commission (PCB), chaired by the Kingdom of Morocco, the EU and other partners to assist the country in full coordination. They reiterated the need for an inclusive engagement of all CAR institutions and civil society actors, including women's groups, to allow for sustainable national healing and reconciliation in the country. ** They welcomed the inauguration of the Special Criminal Court (CPS) as an important step towards combating impunity and fostering peace, justice and reconciliation in CAR. **

They re-affirmed their support to President Touadera and his Government in their ongoing efforts towards a comprehensive political solution, including justice and reconciliation, essential to allow for stability, peace and development in the country. They called on the CAR leadership to prioritize joint work on the strengthening of democratic State institutions and of the Rule of law, on the reform of the security sector and on transitional justice, on good governance, as well as on the delivery of social services to the population, including security. They condemned the prevailing structural violence by armed groups against people from all walks of life, including women and children, humanitarian actors and security forces. In this regard, they urged the CAR Government to continue to provide protection, particularly to vulnerable groups and facilitate the work of humanitarian aid agencies.

They strongly condemned the destabilizing activities of the armed groups, as well as targeted attacks against civilians and the troops of the UN Multidimensional Integrated Mission for Stabilization in the Central African Republic (MINUSCA) and reiterated their support to MINUSCA and to reinforcing the mission. They called upon all armed groups in the CAR to cease hostilities and to commit themselves resolutely to the DDR programmes and the pacification process of the country. They commended the EU and AU for their assistance to efforts being deployed by the CAR authorities to restore peace and rebuild their country, notably through the EU military training mission (EUTM RCA), and underlined that all actors engaged in this context need to closely coordinate their respective activities in full transparency. They acknowledged the support provided by the EU to the Government of the CAR in supporting the security sector reforms, including the provision of strategic advice to the Internal Security Forces through EUTM RCA following the request by CAR for additional assistance to the Internal Security Forces.

They expressed deep concern over the prevailing security and humanitarian situation in the CAR and called upon the international community to extend financial and other necessary forms of support to alleviate the humanitarian situation, as well as with and to fulfil the pledges made in May 2016 donors’ conference held in Brussels, Belgium. They stressed the need for close coordination of efforts by members of the international community.

On South Sudan, the EU PSC and the AU PSC commended the progress made in the search for a lasting solution to the conflict in the Republic South Sudan and welcomed the signing, on 12 September 2018, in Addis Ababa, of the "Revitalised Agreement on the Resolution to the Conflict in the Republic of South Sudan" (R-ARCSS) as a step forward towards the pursuit of an effective peace process. They commended the efforts deployed by the South Sudanese parties and the Intergovernmental Authority on Development (IGAD) and its member states to reach this result. They stressed that the successful implementation of the R-ARCSS would require the commitment of all parties and, in this regard, they urged them to do their part in building confidence with each other and with the international community. The EU PSC and the AU PSC called for an immediate cessation of hostilities and disengagement of forces throughout the country. They encouraged the IGAD to remain actively engaged and to work closely with the AU to ensure that the parties to the Revitalized Agreement honour their commitments and that spoilers are held accountable for their actions.

The EU PSC and the AU PSC expressed deep concern over the prevailing humanitarian crisis in the country and commended the countries of the region which continue to host large number of South Sudanese refugees, as well as the humanitarian actors who have continued to provide assistance in the most difficult conditions. In this respect, they called on the South Sudanese parties to ensure unimpeded humanitarian access throughout the country. Furthermore, they reiterated the need for the establishment of the Hybrid Court of South Sudan, the Commission for Truth, Reconciliation and Healing, and the Compensation and Reparations Authority, as provided for by the R-ARCSS. They called for the international community to stand ready to support the implementation of the Revitalized Agreement.

The AU PSC and EU PSC welcomed the commitment of the South Sudanese parties to give due consideration to national diversity, gender and regional representation in selecting their nominees to the various mechanisms outlined in the Revitalized Agreement. Therefore, they encouraged the Transitional Government of National Unity of South Sudan to ensure that the provisions of the Transitional Constitution of the Republic of South Sudan and the R-ACRSS on the 35% participation of the women in the Executive are adhered to.

The EU PSC and AU PSC welcomed the rapprochement between Ethiopia and Eritrea, including the Joint Declaration of Peace and Friendship of 9 July 2018 and the commitment to comprehensive cooperation made between Eritrea, Ethiopia, Somalia and Djibouti. This provides new openings for regional cooperation on peace and security and economic integration.

On Somalia, in particular, the EU PSC and the AU PSC noted the recent positive regional developments in the Horn of Africa that will potentially have a positive impact on Somalia and the region as a whole. They welcomed the recent Somalia Partnership Forum, convened in Brussels on 16-17 July 2018 and, noting the progress, encouraged the country to positively move forward on political, security and economic reform efforts. They underlined the importance of the Federal Government of Somalia and the Federal Member States working closely together in order to make continued progress in the country’s peace- and state building process. They stressed that the domestic situation in Somalia still remains fragile as evidenced by the continued security threats being posed by Al Shaabab. In this regard, they stressed the importance of sustained international support to the Government of Somalia and the AMISOM. They commended the AMISOM and the troop and police contributing countries for their contribution towards peace and stability in Somalia, which is critical for the progress in Somali state formation. The EU PSC and the AU PSC congratulated the Federal Government of Somalia (FGS) for the adoption of the Somali Transition Plan, which is internationally recognized and reiterated in UNSCR 2431 [2018]. They stressed the need to ensure that any security transition is in line with the Transition Plan, and emphasised the need for a reconfigured AMISOM to move towards the gradual handover of security responsibility to the country’s security institutions who progressively will need to take over responsibility for Somalia's own security, bearing in mind the need to avoid any security vacuum that may undermine the gains made so far. The EU and AU PSC called on the FGS, together with the Federal Member States, to pursue the reform of the security sector, with particular emphasis on the integration of forces and to increase transparency through greater engagement with partners of security, notably through the establishment of an improved coordination mechanism ("Fusion Cell"). The EU PSC and the AU PSC further emphasized the need for timely, predictable and sustainable financial support to deliver a phased and conditions based transition, including from UN assessed contributions to AMISOM and support to Somali security institutions during the transition phase. The AU PSC commended the longstanding and continued support provided by the EU to AMISOM and emphasized the importance of international burden-sharing in a joint and transparent effort. They saluted the contribution to the stability in Somalia made by the AMISOM and the EU Training Mission (EUTM) Somalia, the EU Capacity Building Missions (EUCAP) Somalia, as well as through the EU Naval Force (EUNAVFOR) Somalia, Operation Atalanta. They also emphasized on the need for enhanced support to the Somali National Army, with a view to preparing the SNA to gradually take over the security responsibilities from AMISOM.

The EU PSC and AU PSC affirmed their commitment to continue to follow the evolution of the situation in Burundi. They welcomed the announcement by President Pierre Nkurunziza, in May 2018, that he will not stand as a presidential candidate in the upcoming elections. The AU PSC and EU PSC further looked forward to the resumption of the inter-Burundian Dialogue which is scheduled to take place soon in Arusha, and urged all stakeholders to extend their full cooperation to the Mediator and the Facilitation team. They stressed that the only viable way forward for Burundi is finding a political solution through an inclusive inter-Burundian dialogue. They encouraged all actors to engage in the process in good faith and to make progress, especially in view of the 2020 elections and of the socio-economic situation in the country. They underlined that the support of the region for the inter-Burundian dialogue remains crucial and they expressed appreciation for the mediation and facilitation undertaken by the East African Community. They urged Burundians to respect the letter and spirit of the 2000 Arusha Agreement which is credited for promoting peace in the country and the region. The EU PSC and AU PSC took note of the adoption, on 28 September 2018, of a resolution which extends the mandate of the UN Commission of Inquiry for another year. They encouraged Burundi to cooperate with international human rights mechanisms and especially to sign a memorandum of understanding in view of the mission of the African Union Human Rights Observers and Military experts Mission in Burundi. They urged Burundi to ensure that all stakeholders providing support for the Burundi population can continue their work.

The AU PSC reiterated its appeal to the EU to lift the suspension of aid through the government imposed on Burundi, although recognising the continued important direct EU support to the population, with a view to facilitating socio-economic recovery in the country.

On the situation in the Democratic Republic of Congo (DRC), the EU PSC and the AU PSC reaffirmed their commitment to lasting peace, security and stability in the DRC and the Great Lakes region as a whole.

They welcomed the decision of President Kabila to comply with the Constitution of the country, by not standing as a presidential candidate in the upcoming elections, and paving the way for a democratic and peaceful transition in the DRC. In this context, they stressed the importance for the DRC authorities to ensure that the elections are held on 23 December 2018 consistent with the 31 December 2016 Political Agreement, in order to achieve inclusive, transparent, credible and peaceful elections. Furthermore, the EU PSC and the AU PSC welcomed the visit of the UN Security council in October 2018 and expressed support for the role of the United Nations in facilitating the successful organization of the electoral process, at the request of the Government of the DRC, in line with the relevant provisions of UNSC Resolution 2409.

Bearing in mind the renewed security threats that may exacerbate the risks of the Ebola outbreak in the Eastern provinces of the DRC, the EU PSC and the AU PSC appealed the World Health Organisation to further strengthen and intensify its efforts towards the prevention of further Ebola outbreak and its outspreading . They further appealed for necessary financial and logistical support from the lager international community to the efforts being deployed by the DRC authorities, including for much wider humanitarian needs which remain severely underfunded. They further called for close collaboration between United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO) and the Armed Forces of the Democratic Republic of the Congo (FARDC) in the fight against armed groups and negative forces, in particular the Allied Democratic Forces (ADF), for which a strong regional response and coordination is necessary through renewed commitment to the Peace, Security and Cooperation Framework for the DRC and the Region, signed on 24 February 2013, in Addis Ababa.

The meeting was also briefed by the EU side on cooperation with the Western Balkans.

The EU PSC and the AU PSC agreed to meet again in 2019 in Addis Ababa, Ethiopia and further agreed to explore the possibility of undertaking a new joint field visit.

 


By mrduediligence

Posted: Tuesday Oct 23 7:12:27PM 2018

Durable peace in Central African Republic achievable

http://www.xinhuanet.com/english/2018-10/24/c_137553383.htm

Source: Xinhua| 2018-10-24 04:13:16|Editor: yan

UNITED NATIONS, Oct. 23 (Xinhua) -- A durable peace in the Central African Republic (CAR) is achievable with the action of Central Africans and with the help of the international community, said the top UN envoy in the country on Tuesday.

"Despite the persistent challenges, I am hopeful that we have now established the necessary foundations on which a durable peace can be built," Parfait Onanga-Anyanga told the Security Council.

Such an objective is indeed achievable provided that the region and the international community remain in solidarity with the collective support for the government and people of the CAR, said the envoy, who is also head of the UN peacekeeping mission in the country.

The general security situation has been brought under control. Democratic elections have been held and constitutional order has been restored. State authority is re-establishing itself in Bangui and beyond, he said.

But he warned that the country still faces many challenges.

Conflict factors remain and attacks against civilians continue, resulting in massive displacement of the population. Half of the country still needs humanitarian assistance, and the provision of such assistance is becoming increasingly difficult, partly because of the violent attacks on peacekeepers and aid workers, said Onanga-Anyanga.

Together with the Central Africans, the international community must help move the country from a phase of containment to one of transformation, where the dividends of peace can be felt by all communities and all citizens, he said.

 

The CAR has been in civil war since 2012, which is being fought along religious and ethnic lines, primarily between Christian anti-Balaka militia and Muslim Seleka groups.


By mrduediligence

Posted: Tuesday Oct 23 7:07:19PM 2018

Russia Pledges Continued Support for Central African Republic Security

https://sputniknews.com/africa/201810241069157151-russia-car-security-support/

03:44 24.10.2018Get short URL
 0 20
WASHINGTON (Sputnik) - Russia plans to continue providing security assistance to the Central African Republic government in an effort to end a far-flung insurgency in which authorities in the capital of Bangui are attempting to wrest control of much of the nation from more than a dozen rebel groups, Russia’s Envoy to the UN Vassily Nebenzia said.
"Russia will continue to provide support to the CAR[Central African Republic] in reforming its national security sector, including in strengthening the battle readiness and battle capacity of the armed forces of the country," Nebenzia told the UN Security Council on Tuesday.

 


© AP PHOTO / JEROME DELAY
Things to Know About the Russian Mission in Central African Republic
Nebenzia noted that Russian military experts have managed to achieve "significant results" by training more than 1,000 soldiers of the CAR army. 

In addition, Nebenzia pledged increased Russian humanitarian assistance to CAR, in particular by providing medical services to the population.

On Monday, the Russian Foreign Ministry announced plans to send 60 additional military advisers to the CAR to complement 175 advisers dispatched to the country earlier this year along with a shipment of small arms.

READ MORE: France Officially Ends Military Operation in Central African Republic

The CAR government is battling 14 rebel groups that control much of the nation outside Bangui, according to published reports.


By mrduediligence

Posted: Tuesday Oct 23 11:07:51AM 2018

https://www.yahoo.com/news/central-african-republic-begin-disarming-groups-years-end-164106706.html
 
Central African Republic to begin disarming groups by year's end: UN envoy
AFP•October 23, 2018

Peacekeepers from Gabon on patrol in the city of Bria in the Central African Republic (AFP Photo/SABER JENDOUBI)
More
United Nations (United States) (AFP) - Before the end of the year the Central African Republic will begin disarming illegal groups in the western part of the country, UN envoy Parfait Onanga-Anyanga told the Security Council Tuesday.

There has been progress in starting a peace process since a UN peacekeeping force was established in the CAR in 2014 to stamp out inter-communal violence in the country, Onanga-Anyanga said.

"This progress that we have made together makes me hopeful that we have laid the foundations needed to build sustainable peace," he said.

A half-dozen armed groups have committed to a national disarmament, demobilization and reinsertion program, Onanga-Anyanga said.

"The government will begin the disarmament of certain of these groups in the west of the country before the end of the year," he said.

French Ambassador Francois Delattre emphasized, however, that "the message to the armed groups must be clear.

"They must lay down their arms and join the peace process without delay and without conditions, and know that the violence they engage in will not go unpunished," he said.

Since 2013, much of the Central African Republic has been at the mercy of armed groups that plunder the country's gold, diamond and oil deposits, posing a formidable obstacle to peace and national reconciliation.

Many of these groups claim to protect Christian or Muslim communities, and often battle over resources.

Onanga-Anyanga pointed to the opening session Monday of a long-planned Special Criminal Court in Central Africa as an "important step" against impunity.

The court consists of 25 judges -- 13 from the CAR and 12 foreigners -- and will decide cases involving violations of human rights or international humanitarian law committed in the country since 2003.

One of the world's poorest and most unstable countries, the CAR spiralled into bloodshed after longtime leader Francois Bozize was overthrown in 2013 by a mainly Muslim rebel alliance called the Seleka.


By mrduediligence

Posted: Monday Oct 22 6:35:27AM 2018

(Barchart.com) - AXM.VN Shows 96% Buy Rating From Technical Indicators 

https://www.barchart.com/stocks/quotes/axm.VN/opinion

Axmin Inc (AXM.VN)
0.290 unch (unch) 10/19/18 [TSX Venture]
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Barchart Opinions show traders what a variety of popular trading systems are suggesting in terms of going long or short the market. The Opinions takes up to 2 years' worth of historical data and runs these prices through thirteen different technical indicators. After each calculation, the program assigns a buy, sell or hold value for each study, depending on where the price lies in reference to the common interpretation of the study.

Barchart Opinions are not a recommendation to buy or sell a security. Your decision whether or not to make a purchase should be based on your own due diligence and not on any representation we make to you.


By mrduediligence

Posted: Monday Oct 22 6:29:16AM 2018

Two more updates signaling additional support for the Central African Republic. Keeping in mind that the faster things get secured, the sooner Axmin can go back to work on it's proven multi million ounce gold deposit


Russia ready to send more military instructors to Central African Republic - http://tass.com/politics/1027111


Engility to support logistics training in Central African Republic - https://www.prnewswire.com/news-releases/engility-to-support-logistics-training-in-central-african-republic-300734421.html


By mrduediligence

Posted: Sunday Oct 21 8:35:37AM 2018

UN Summary Report For CAR (From June 15th 2018 to October 15th 2018) - In PDF Form
 
https://reliefweb.int/sites/reliefweb.int/files/resources/N1830975.pdf
 
Note - This is a report from the UN(MINUSCA) and does not detail the effort and support from other groups such as the EU(European Union), Russia, AU(African Union), China, USA, France, etc. Opinions have not been posted below as this is just one perspective from an individual writing the report. The key notes below are meant to show actual events compared to what the writer is actually talking about or speculates. 

 
I have condensed everything and taken out all the important key notes of events that have taken place over the four month period.
 
Total - 21 Pages (12-21 are personal opinions and have not been posted)

Page 3 

The African Initiative is widely recognized among all stakeholders as the ma in
principle framework for the peace process in the Central African Republic, although
its operationalization has taken time and it lacks the required resources. One year
after the adoption of the Libreville road map, the Initiative’s panel of facilitators
concluded its “listening tours” with the 14 main armed groups. At the most recent
meeting, held in Bouar from 28 to 30 August, the panel helped to harmonize the
groups’ demands, which were subsequently submitted to President Touadéra for
consideration by the Government. This represents an important preparatory step
towards dialogue between the Government and armed groups, tentatively scheduled
for November. The panel also consulted two exiled former Heads of State, Francois
Bozizé and Michel Djotodia. In July 2018, the Initiative, with support from the
Peacebuilding Fund, organized training sessions to prepare armed groups,
government representatives and political and social leaders for direct dialogue, with
the support of the Community of Sant’Egidio and the African Centre for the
Constructive Resolution of Disputes. The United Nations Entity for Gender Equality
and the Empowerment of Women (UN-Women) and the United Nations Development
Programme (UNDP) organized workshops and seminars to engage women and yo ung
people

On 28 August 2018, a meeting was convened in Khartoum with the three main
ex-Séléka factions and one anti-balaka faction, with the support of the Russian
Federation. That followed an earlier meeting in Khartoum on 10 July that only the
Front populaire pour la renaissance de la Centrafrique attended. The second meeting
resulted in a declaration, by which armed factions pledged their support for peace and
dialogue within the framework of the African Initiative. 

In Bangassou, a local agreement was signed in April 2018, complemented by
the arrest of militia leaders, disarmament through community violence reduction
programmes, the deployment of units of the Central African armed forces trained by
the European Union Training Mission and intercommunal dialogue by local leaders.
Those efforts have produced a noticeable decline in attacks on civilians in recent
months. In Bangui, intercommunal dialogue in the city’s third district facilitated the
gradual return of people displaced following Operation Sukula. Local peace and
reconciliation processes in Markounda and Zemio have helped to reduce violence,

Page 4

(continued from page 3) increase freedom of movement and facilitate the return of State authorities. Similarly,
in Bouar, they have helped to eliminate illegal checkpoints, stop intercommunal
violence and secure a commitment from the armed group Retour, réclamations,
réhabilitation to demobilize and disarm as part of the disarmament, demobilization
and reintegration programme. In July, that group and anti-balaka leaders in Bouar
destroyed 1,652 weapons that had been collected through community violence
reduction programmes, symbolizing their commitment to disarming. The
Government, with MINUSCA support, also established eight new local peace and
reconciliation committees across the country.

Page 5

Out of a total of 7,087 verified soldiers of the Central African armed forces, 243
have been deployed in Am Dafok, Boali, Bouar and Moungounba without MINUSCA
or partner support. A total of 612 personnel trained by the European Union Training
Mission have so far been deployed in Bangassou, Bouar, Dekoa, Obo, Paoua and
Sibut, working alongside MINUSCA. The Central African armed forces has received
contributions from bilateral partners, including armaments, vehicles, communications
and other equipment. MINUSCA is responsible for the ad hoc supplies of fuel in
Bangassou, Obo and Paoua, which it then receives in the same quantities by the
Government in Bangui. The majority of the 3,232 police and gendarme officers
remain in Bangui owing to a lack of essential equipment and logistics necessary to
deploy new recruits throughout the country as planned (new EU & Russia support will resolve this)

Page 7

During the reporting period, several initiatives were undertaken to help the
Government to re-establish the rule of law and State authority and to provide services
in response to citizens’ request. MINUSCA and the United Nations Children’s Fund
(UNICEF) supported the organization of the 2018 national baccalauréat exams.
MINUSCA and UNDP worked with the Government to develop “Lisango 2.0”, a
software to facilitate the planning of civil servant deployments. In August, five new
prefects, including three women, were nominated to replace the retired prefects of
Bamingui-Bangoran, Basse-Kotto, Mbomou, Nana-Gribizi and Nana-Mambéré. 

The Special Criminal Court rules of procedure and evidence were promulgated
on 2 July 2018. The Court is actively working, with MINUSCA support, to develop
its prosecutorial and case selection strategy. The judiciary resumed criminal sessions
in several areas, with support from MINUSCA and UNDP. The Bangui Court of
Appeal held its second criminal session from 16 July to 31 August, in which 15 cases
were heard, including several related to the conflict. In August, the Bossangoa High
Court resumed its criminal sessions, which had been suspended since 2013. However,
in general the capacity and functioning of other national judicial and corrections
structures, particularly outside Bangui, remained limited.

The Mission continued to support the demilitarization of prisons, including the
recruitment of 150 out of a total of 300 prison officers. The Mission apprehended nine
high-profile individuals using its urgent temporary measures and supported the
transfer to Bangui of 54 detainees, including anti-balaka leader Pino-Pino, who had
been accused of involvement in attacks against civilians and peacekeepers in May
2017.

Page 8

MINUSCA is supporting the Government’s launch of its disarmament,
demobilization and reintegration programme, starting in the west with seven armed
groups, and continued to expand community violence reduction programmes in six
locations for 5,100 beneficiaries. The Government continued to engage with other
armed groups to reach further agreements and extend disarmament and
demobilization to other parts of the country

On 4 July 2018, the National Assembly adopted a law establishing a High
Council on Security to ensure greater accountability and civilian oversight over the
security sector. On 24 August, the President approved the Government’s proposal to
reserve 10 per cent of new posts in the Central African armed forces and security
forces for former combatants, until 2021. At the request of the Government,
MINUSCA started to support the recruitment of 1,023 Central African armed forces
personnel, using quotas to ensure fair geographic and gender balance. In August, the
European Union Training Mission concluded the training of the third infantry
battalion of the Central African armed forces. On 30 July, the mandate of the
European Union Training Mission was extended until 19 September 2020

The 500 new police and gendarmerie recruits were scheduled to complete their
general training and start specialized training by the end of October 2018. MINUSCA,
through the Mine Action Service, continued to support weapons and ammunition
management by assisting the national defence and security forces with infrastructure
planning and refresher training

Page 9

MINUSCA and the United Nations country team, along with other partners,
have supported the Government in the implementation of the National Re covery and
Peacebuilding Plan for the period 2017–2021, to which donors have pledged some
$2.2 billion. The biannual review in June and July showed an increase in the delivery
rate of funds to 49 per cent, although disbursement remained slow. The Mutual
Engagement Framework biannual review highlighted the need to strengthen national
capacities at all levels and to improve national ownership of the Plan and Framework.
It highlighted the urgent actions required to achieve peacebuilding priorities,
including the swift adoption of laws and regulations to launch the preparation for
elections and further deployments of the Central African armed forces and internal
security forces alongside MINUSCA. Efforts continued for the development of the
sectoral strategies, policies, plans and frameworks that were essential for accelerating
the programming and delivery of the resources mobilized so far and for translating
them into peace dividends for the population

The International Monetary Fund reviewed the country’s Extended Credit
Facility Agreement and approved in July a disbursement of $32.1 million. A portion
would be used to pay 2003 salary arrears of civil servants and the gradual settlement
of domestic debt with private companies. In June, the National Assembl y adopted a
revised finance bill that increased social spending and public investments.

Page 10

As at 1 October, MINUSCA had deployed 11,170 military personnel, 3.17 per
cent of whom were women. That figure represents 95.88 per cent of the total
authorized strength of 11,650 personnel. The MINUSCA force currently comprises
10 infantry battalions, two quick-reaction battle groups, a reserve battalion, a special
forces company, a quick-reaction force company and several enabling units, including
a military police company, five engineering companies, a heavy transport company,
three level-II hospitals, a level-1-plus forward surgery module and three helicopter
units, including a combat helicopter unit. The Mission, with guidance from United
Nations Headquarters, is reviewing its capabilities and response procedures in order
to improve the casualty evacuation support

As at 1 October 2018, a total of 750 troops out of the 900 authorized by the
Security Council were operational. The remaining troops are expected to reach full
operational capability by end of November, with specialized equipment, including
reconnaissance and high-mobility armoured vehicles, as well as enablers, such as
engineering vehicles, logistics and medical equipment. MINUSCA will reinforce its
military posture with two highly mobile battalions, designed as joint task forces
composed of three companies, capable of deploying simultaneously and operating
autonomously, with integrated force multipliers. They will act as quick-reaction
forces, tasked to address particularly difficult security situations.

As at 1 October, MINUSCA had deployed 1,918 police personnel, representing
92.21 per cent of the authorized strength of 2,080. That number comprised 385
individual police officers, including 52 women, representing 96.25 per cent of the
authorized strength of 400. Ten formed police units and two protection support units
comprising 1,533 officers, including 102 women, were also deployed, representing
91.25 per cent of the authorized strength of 1,680. The transformation of the police
protection unit into a formed unit remained pending owing to equipment constraints
of the contributing country. Once addressed, the more mobile unit will deploy to
Berberati and Bossangoa

As at 1 October, MINUSCA had deployed 1,384 civilian personnel (1,151 staff
members and 233 United Nations Volunteers) representing 90 per cent of the total
1,524 authorized positions. Furthermore, 273 women constituted 23.7 per cent of the
civilian personnel, with 21.5 per cent in positions at the P-5 level or higher

The Mission continues to work closely with the Government to address a
number of violations related to the status-of-forces agreement, including the import
of critical equipment

Page 11

The Mission has strengthened its efforts to address performance in a series of
actions encompassing training, equipment, evaluation and leadership. The Mission is
serving as a pilot for the implementation of the Comprehensive Performance
Assessment System of the Department of Peacekeeping Operations, and is developing indicators to measure whole-of-mission performance against its strategic objectives.

Since the launch in September 2017 of the online military performance assessment
tool, MINUSCA has conducted evaluations of several units, which were mostly
assessed as satisfactory, and it is now implementing performance improvement plans
as needed, including on the basis of those evaluations. MINUSCA has been an early
adopter of innovative technologies in support of operations and force protection. It
has made progress in implementing the recommendations contained in the report on
the independent investigation by Brigadier General (Retired) Amoussou to improve
the Mission’s response to protect civilians, as well as the action plan to reduce
peacekeeper fatalities following the report by Lieutenant General (Retired) dos Santos
Cruz,1 which has already produced results, with six peacekeeper casualties in 2018
due to malicious acts, compared to 12 in the same period in 2017, although injuries
have increased to 34 in 2018 from 18 in 2017. MINUSCA has also made significant
improvements in personnel accommodation. 


Notes - Pages 12-21 are personal notes and opinions and have been not been posted and these are the thoughts and expressions of one individual and do not take into the account the support from other countries and institutions (Russia, China, France, EU, AU, Sudan, etc). MINUSCA is a support group but does not have the full power or ability to change things. This is more in the hands of the other groups who have more influence and pull within CAR and work much closer to government officials


By mrduediligence

Posted: Saturday Oct 20 6:13:29PM 2018

Russia to send more military trainers, equipment to Central African Republic


https://af.reuters.com/article/commoditiesNews/idAFL8N1WZ4XZ

MOSCOW, Oct 19 (Reuters) - Russia said on Friday it planned to send additional military equipment to Central African Republic (CAR) and deploy 60 more instructors to train the country’s armed forces, escalating its most significant military foray in Africa in decades.


Russia donated hundreds of weapons and sent 175 trainers to CAR earlier this year to bolster the government’s fight against militia groups after receiving an exemption from a United Nations arms embargo.


According to diplomatic and security sources, many of the Russians in CAR are private security contractors and their remit has expanded into mediating negotiations among armed groups, securing mining projects and advising CAR’s president.


Russia’s activities in CAR are part of a wider push to re-establish influence in sub-Saharan Africa that waned after the Cold War. It has signed military cooperation deals with 19 countries since 2015 and expanded diplomatic and trading ties.


In one of its most extensive comments to date on the subject, Russia’s foreign ministry defended its actions in a statement against what it said was “a certain ‘jealousy’” by other foreign powers over Russia’s role in CAR.


“We believe this kind of position to be counter-productive, particularly in the current context, when constructive cooperation of all international ‘players’ and not competition or ‘zero-sum games’ is urgently called for,” it said.


“With the knowledge of a relevant U.N. Security Council committee we are planning to send to CAR an additional 60 civilian instructors and the second part of military purpose products.”


According to a confidential memo seen by Reuters, the Security Council’s 15-member CAR sanctions committee agreed last month to Russia’s request to send the 60 additional instructors, provided they coordinate with CAR’s U.N. peacekeeping mission.


But France, the United States and Britain placed a hold in August on further arms shipments pending confirmation that measures had been taken to secure the previous donation.


Estimates of the total number of Russians in CAR vary widely, from 250 to 1,000. The foreign ministry did not respond directly to questions about the presence of private security contractors.


CAR has faced near-constant armed conflict since 2013, when a mostly Muslim Seleka rebel coalition overthrew then-president Francois Bozize, prompting reprisals from Christian ‘anti-balaka’ militias. (Reporting By Maria Tsvetkova; Writing by Aaron Ross)


By mrduediligence

Posted: Friday Oct 19 6:58:29AM 2018

AXM Technical Charts

http://canada.stoxline.com/q_ca.php?s=axm.v

Moving Averages analysis
Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.

Bollinger Bands Analysis
AXM.V has closed below upper band by 4.7%. Bollinger Bands are 173% wider than normal. The large width of the bands suggest high volatility as compared to AXM.V's normal range. The bands have been in this wide range for 2 bars. This is a sign that the current trend might continue.


By mrduediligence

Posted: Monday Oct 15 10:46:15AM 2018

Central African Republic: Council adopts conclusions


https://www.consilium.europa.eu/en/press/press-releases/2018/10/15/central-african-republic-council-adopts-conclusions/

On 15 October 2018, the Council discussed and adopted conclusions on the Central African Republic.


In its conclusions, the Council underlines that the situation in the Central African Republic (CAR) is still very fragile and that the EU remains engaged in support of the country. The EU emphasises the need to continue working, through its various instruments, to help the CAR get back on the road to stability, peace and development and to meet the aspirations of its entire population for lasting peace and reconciliation.


The EU reiterates its support for the African Initiative for Peace and Reconciliation under the auspices of the African Union and the leadership of President Touadéra to reach a peace and reconciliation agreement, to create the conditions for the complete disarmament of armed groups and to strengthen State authority, while preserving the unity and integrity of the CAR.


The EU also stresses the importance of inclusive involvement of all institutions and all actors of Central African society, including women, youth and civil society. The EU calls on all international actors, especially those engaged in the CAR, to support the action of the government and the African Initiative in a properly coordinated and fully transparent manner.


The Council also welcomes the commitment of the United Nations Multidimensional Integrated Stabilisation Mission in CAR (MINUSCA), in particular to support the CAR authorities in carrying out the security sector reform process and to help them restore State authority.


The Council emphasises that the security situation, including hybrid threats, confirms the need to continue to strengthen the Central African Armed Forces (FACA), and welcomes the request by the CAR for additional assistance for the Internal Security Forces, notably by means of civilian engagement. Ministers invited the EEAS to establish and deploy as soon as possible a civil-military interoperability pillar within EUTM RCA, tasked with providing strategic advice in this area.


The EU remains concerned by the humanitarian situation in the CAR and emphasises the need for the international community to mobilise in response to the humanitarian emergency, and reiterates its own ongoing engagement through the Bêkou Trust Fund. The EU remains strongly committed to the CAR, with an envelope of EUR 487 million allocated for the period 2017-2020.


By mrduediligence

Posted: Sunday Oct 14 7:48:21PM 2018

http://www.sudantribune.com/spip.php?article66426

 SUNDAY 14 OCTOBER 2018


Sudan’s FM to meet Deby, Touadéra over peace in Central African Republic


October 14, 2018 (KHARTOUM) - Sudan’s foreign minister will travel to Ndjamena and Bangui on Monday to discuss his government efforts to settle the armed conflict in the neighbouring Central African Republic.

Last month in a meeting held on the sidelines of the UN General Assembly, the African Union integrated the Sudanese initiative to end the armed conflict in the Central African Republic (CAR) between Muslim and Christian militias that continue to destabilize the country despite the deployment of a UN peacekeeping mission.

In a statement released on Sunday, the Sudanese foreign ministry said Minister El-Dirdeiry Ahmed will hand over a message from President Omer al-Bashir to President Idriss Deby of Chad and President Faustin-Archange Touadéra of CAR.

The Sudanese initiative, which involves Russia also, provides to bring together the leaders of the warring armed groups to discuss ways to end the conflict and build confidence between the different communities in the country in order to repair social fabric.

The African Union has its African Initiative for Peace and Reconciliation, however, the mediators failed to bring the armed groups together.

Last August, the Sudanese government hosted a meeting including the main armed groups, the Christian anti-Balaka militia of Maxime Mokom and Muslim Seleka armed faction led Noureddine Adam.

At the end of the two-day meeting on 29 August, the two groups signed a framework agreement pledging to cease hostilities and to not obstruct free movement of persons and goods with the neighbouring countries and committed themselves to the African Union process for peace and reconciliation in CAR.

Khartoum counts on Chad which has good relations with the Seleka militia group to support its efforts to achieve peace in the landlocked country which has growing commercial relations with Sudan.

(ST)


By mrduediligence

Posted: Friday Oct 12 8:28:14PM 2018

Article - France Urges EU To Help Stabilize The Central African Republic


https://www.diplomatie.gouv.fr/en/french-foreign-policy/european-union/events/article/eu-jean-yves-le-drian-attending-foreign-affairs-council-15-10-18


CAR. At France’s request and amid the growing influence of foreign actors, the ministers will discuss the situation in the Central African Republic. The minister will call for strengthened EU action alongside that of the African Union, the countries in the region and the UN, to support the country’s stabilization and the restoration of State authority. This will include support for Central African domestic security forces in addition to the EU’s already considerably support for the Central African armed forces via EUTM RCA. All European partners must mobilize to help this country.


By mrduediligence

Posted: Friday Oct 12 8:10:30PM 2018

Axmin 3.46 million shares for debt

 
2018-10-12 15:55 MT - Shares for Debt

 

The TSX Venture Exchange has accepted for filing the company's proposal to issue 3.46 million shares to settle outstanding debt for $1,038,000.

 

Number of creditors:  one creditor

 

For further details, please refer to the company's news release dated Oct. 10, 2018.

© 2018 Canjex Publishing Ltd. All rights reserved.


By mrduediligence

Posted: Wednesday Oct 10 8:57:17AM 2018

AXMIN Announces Settlement of Accounts Payable

2018-10-10 09:35 MT - News Release

Vancouver, British Columbia--(Newsfile Corp. - October 10, 2018) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") announces that it has entered into an agreement to settle a long standing accounts payable by the Company.

As previously announced on November 15, 2013, the Company entered into a consultancy agreement (the "Consulting Agreement") to assist AXMIN with securing its ownership of licenses in the Central African Republic. Under this Consulting Agreement the consultant was entitled to remuneration upon the successful completion of its services. The total outstanding payments due under this Consulting Agreement amount to US$2 million and were duly recorded in the Company's accounts payable. The Company has benefited from the renewal of its respective licenses and permits and is in good standing with the Government of the Central African Republic.

After extended negotiations as referenced in the Company's Management's Discussion and Analysis for the six months ended June 30, 2018 and 2017, the Company has agreed to a settlement of this accounts payable by making a payment of US$1.2 million and the issuance of 3.46 million shares at a price of C$0.30 per share (the "Settlement Agreement"). The transaction relating to the Settlement Agreement was unanimously approved by the Board of AXMIN, and has also received conditional approval from the TSX Venture Exchange; closing of the transaction will occur immediately following final approval from the TSX Venture Exchange.

The shares issued pursuant to the above-referenced Settlement Agreement will be subject to transfer restrictions under a two (2) year lock-up agreement, during which time the shares may not be sold. The transfer restrictions under the lock-up agreement will expire two (2) years plus one day from the date of grant.

AXMIN Chairman Lucy Yan said, "The Company appreciates the assistance and value provided during this difficult period of force majeure. AXMIN also appreciates the patience provided in settling this long outstanding invoice and the confidence expressed in our Company by the acceptance of shares in lieu of a cash payment. The resulting improvement of AXMIN's balance sheet is very good news for our Company and we look forward to getting back on site in the Central African Republic as soon as possible."

About AXMIN

AXMIN is a Canadian exploration and development company with a strong focus on the African continent. AXMIN continues to closely monitor the political situation at its Feasibility Stage Passendro Gold Project in the Central African Republic. For more information regarding AXMIN visit our website at www.axmininc.com.

For additional information, please contact AXMIN Inc.:

Lucy Yan
Chairman and CEO
ceo@axmininc.com
AXMIN Inc.

General Enquiries
Jin Kuang
Chief Financial Officer and Corporate Secretary
j.kuang@axmininc.com
604-339-7688

Investor Relations
ir@axmininc.com
www.axmininc.com


By mrduediligence

Posted: Tuesday Oct 9 9:23:58AM 2018

CAR President To Speak At World Investment Forum (Oct.22-26)


http://worldinvestmentforum.unctad.org/speaker/h-e-prof-faustin-archange-toudera/]http://worldinvestmentforum.unctad.org/speaker/h-e-prof-faustin-archange-toudera/

http://worldinvestmentforum.unctad.org/homepage/about-wif/]http://worldinvestmentforum.unctad.org/homepage/about-wif/


ABOUT THE WORLD INVESTMENT FORUM


The UNCTAD World Investment Forum is the pre-eminent global platform for investment and development. The Forum devises strategies and solutions for global investment and development challenges. It facilitates multi-stakeholder collective action to stimulate investment in development. The Forum offers a unique opportunity to influence investment-related policymaking, shape the global investment environment, and to network with global leaders in business and politics.


2018 marks the 10th anniversary of the Forum. Previous editions took place in Accra (2008), Xiamen (2010), Doha (2012), Geneva (2014) and Nairobi (2016), The Forum was set up to fill the investment institutional gap in the international economic governance architecture. Since its inception it has served as the leading forum to leverage investment policy for sustainable development.


The Forum biennually gathers more than 4,000 investment stakeholders from 160 countries. The stakeholder landscape encompasses high-level participants from the global investment community, including Heads of State and Government, ministers, executives of global companies and stock exchanges, sovereign wealth fund managers, investment treaty negotiators, heads of investment promotion agencies, international investment location experts, heads of international organizations, parliamentarians, civil society representatives, eminent scholars, and the international media.


THE WORLD INVESTMENT FORUM 2018
Organized under the overall theme Investing in Sustainable Development, the Forum will address global challenges for international investment in the new era of globalization and industrialization. Investment stakeholders will gather to brainstorm solution-oriented initiatives and build global partnerships to advance prosperity for all.


In 2018 the World Investment Forum will bring more actors to the table including philanthropists, impact fund headsand other sustainability pioneers. More than 5,000 investment stakeholders are anticipated to converge in Geneva for the event.


Download the official UNCTAD Notification for the 2018 Forum here:


By mrduediligence

Posted: Monday Oct 8 7:46:28PM 2018

Moscow to Establish Military Representation in CAR

https://sputniknews.com/africa/201810091068711525-russia-car-defense-ministry-representation/

1:23 09.10.2018(updated 01:38 09.10.2018)

MOSCOW (Sputnik) – Russia will offer the Central African Republic (CAR) to establish a representation of the Russian Defense Ministry at the CAR Defense Ministry, according to a document published on the official portal of legal information on Monday.

"To approve the draft agreement between the governments of Russia and the CAR, submitted by the Russian Defense Ministry and coordinated with the Russian Foreign Ministry, on the establishment of a representation of the Russian Defense Ministry at the CAR Defense Ministry," the document reads.

The Russian Defense Ministry is expected to hold talks with the CAR and on behalf of the Russian government, to sign the agreement. Non-fundamental changes to the draft are allowed if necessary, the statement adds.

The goal of the draft deal is to assist the CAR in resolving issues of military and defense industry cooperation, as well as to train the CAR military personnel by the Russian specialists, the statement reads.

According to the project, the representation will be maintained at the expense of the Russian side, and will consist of five people.

The staff of the mission will not participate in hostilities in the territory of the CAR. If they find themselves in an emergency situation, the CAR authorities will take measures to ensure their safety, the document says.

Since 2012, the CAR has been destabilized by the conflict between the Muslim armed group Seleka, Christian Anti-balaka militias and the government. In late August, Seleka and Anti-balaka signed a declaration of understanding after a Russia-brokered peace meeting in Khartoum.


By mrduediligence

Posted: Saturday Oct 6 4:52:46PM 2018

https://www.youtube.com/watch?v=TPgwpxyurl8&feature=youtu.be

Bodes well from AXM given the size of proven deposit and how low the cost is for production. Barrick/Randgold has recently set the trend that Central Africa is the place to be.

Rick Rule, Chairman of Sprott US Holdings, discusses the increasing trend of M&A's in the Gold Mining Sector. He covers what's likely to come next, the types of companies which attract M&A, and how M&A's are impacting the mining sector overall.  

TOPICS IN THIS INTERVIEW:

00:32 Growing M&A Trend In Gold & Mining Companies

02:32 Logic Behind Recent M&A Transactions

05:05 What Types of Companies Are Fertile For Acquisition

07:31 What Makes A Deposit A Good Take-Out Target

08:27 'Optionality' Deposits Are Something Much Different

09:51 How Does M&A 'Trickle-Down' And Affect Sector?


By mrduediligence

Posted: Thursday Oct 4 10:26:12AM 2018

Looks as if the Central African Republic is starting to open up for tourism and business. Lots of changes over the last week since all the meetings between CAR officials, Russia, China, Sudan, African Union, United Nations, and other parties. Recently on Google there have been job postings for gold operations, travel Visa applications offered, and a map that shows just about all airplane terminals in the country safe and operational again. Keep in mind that Axmin Inc (AXM/AXMIF) has the only large scale gold mine in the country with a proven resource and ready to go back into production right away.


See links below:


CAR Job Posting 1: https://www.worldwide-rs.com/job/general-manager-jobid-j19864


CAR Job Posting 2: https://www.worldwide-rs.com/job/metallurgical-accounting-superitendent-jobid-j19270


Visa Travel Offer For The Central African Republic: https://www.visahq.ca/central-african-republic/


Operational Flight Routes In The Central African Republic: https://reliefweb.int/sites/reliefweb.int/files/resources/caf_unhas_routes_a4l_20181003_0.pdf


Trip Advisor Offering Flights To The CAR: https://www.tripadvisor.com/Flights-g293777-Bangui-Cheap_Discount_Airfares.html


By mrduediligence

Posted: Monday Oct 1 8:37:04AM 2018

New US fund buying AXM Stock:

https://www.streetinsider.com/SEC+Filings/Form+N-Q+PRUDENTIAL+JENNISON+NATU+For%3A+Jul+31/14646037.html
 


By mrduediligence

Posted: Sunday Sep 30 7:06:17PM 2018

African Union adopts Sudan’s initiative for peace in Central African Republic

http://www.sudantribune.com/spip.php?article66341

September 29, 2018 (KHARTOUM) - The African Union has adopted Sudan initiative for peace in the neighbouring Central African Republic (CAR) said the Sudanese foreign ministry.

The announcement was made after a meeting held on the sidelines of the UN General Assembly meetings in New York on Friday including Faustin-Archange Touadéra CAR President, Moussa Faki Chairperson of the African Union Commission, El-Dirdeiry Ahmed Sudan’s Foreign Minister, and Rwandan Foreign Minister Louise Mushikiwabo.

"The meeting discussed the developments in the situation in the Central African Republic and means of implementing the African Initiative for Peace and Reconciliation and linking it to Sudan’s initiative, which aims to achieve the same goal," said a statement released by the Sudanese foreign ministry.

Last August, the Sudanese government hosted a meeting for peace in CAR including the main armed groups, the Christian anti-Balaka militia of Maxime Mokom and Muslim Seleka armed faction led Noureddine Adam. The Central African government was not part of the Russian brokered meeting.

At the end of the meeting, the two groups issued The Khartoum Declaration of Understanding of the Central African Armed Groups where they said they are firmly committed to peace. Further, they called to consider the African initiative.

"The meeting confirmed the acceptance by all the concerned parties of the Sudanese initiative which has been adopted by the African Union on the same day by the Head of the Commission, Mr Moussa Faki, in the presence of the Secretary-General of the United Nations and all the Ministers of Foreign Affairs of CAR’s neighbouring states," further said the Sudanese foreign ministry.

Sudan which eyes developing trade and business with CAR said committed to curbing weapon trafficking between the troubled central African country and Darfur region. Also, Russian mining firms working in CAR use Port Sudan and Khartoum expects they positively impact Darfur region.

(ST)


By mrduediligence

Posted: Tuesday Sep 25 12:21:54PM 2018

http://www.globaltimes.cn/content/1120902.shtml
 
WGC’s China Chapter will boost gold sector: analysts


By Zhang Hongpei Source:Global Times Published: 2018/9/25 22:18:39

The new China Chapter being established by the World Gold Council (WGC) will bolster internationalization of the domestic gold market and offer more opportunities for Chinese gold enterprises to go global, said industry analysts.

The WGC, a leading world organization for the industry, announced on Monday at its annual meeting in the US state of Colorado that it has established a China Chapter, according to a statement the organization sent to the Global Times Tuesday.

The new chapter, which will be chaired by Song Xin, chairman of the China Gold Group, will enable Chinese member companies of the London-based WGC to engage more effectively with the rest of the board, said the statement.

It was announced on the same day that Shanghai-listed Shandong Gold Group will join the WGC board as a member, becoming the second Chinese enterprise on the board after China Gold Group.

"The Chinese gold industry has developed phenomenally over the past couple of decades, and China is now the largest producer and consumer of gold globally. As such, we are delighted that the WGC's membership is expanding, to better reflect the shape of the global gold mining industry," said David Harquail, chair of the WGC, according to the statement.

China's gold output reached 426 tons in 2017 with consumption hitting 1,089 tons, making it the world's No.1 country in terms of production, consumption and processing, Song told the Xinhua News Agency on Tuesday.

Jiang Shu, partner and investment director of Shanghai-based Oak Investment, told the Global Times on Tuesday that with China's upstream gold mining companies becoming strong, the establishment of the new chapter is a natural step in line with the development trend.

"More interaction on the same platform enables domestic and international players to have a better evaluation of the global supply and demand of gold... an increasing number of Chinese gold companies are 'going out' while foreign enterprises are quite interested in the domestic market," said Jiang.

"The new chapter is set to have a far-reaching influence on China's gold market, offering opportunities for domestic companies' upgrading as well as overseas mergers and acquisitions," Zhou Yinghao, an independent analyst of the gold industry, told the Global Times Tuesday.

The platform will enable the Chinese gold supply chain to play a bigger role and have a bigger say in the global gold market, Zhou noted.

Jiang said that more domestic gold producers would expand overseas via the new channel. That will hasten the opening-up of the Chinese gold market, which is currently led by commercial banks in terms of imports.

In 2001, the People's Bank of China, the central bank, ended controlled procurement and distribution of gold, and the precious metal began trading on the Shanghai Gold Exchange the next year. Since then, the market has achieved "remarkable development," especially because it has been a relatively short period, said Zhou.

Yet, related laws and rules, especially basic laws, need to be improved, Jiang pointed out.

"Gold products have become more diversified and their prices are more linked with the international market to meet increasing domestic demand," Zhu said.

In the second quarter of this year, China's total gold demand reached a three-year high of 332.9 tons, data from the WGC showed.

With the establishment of the China Chapter, the current low market price for the metal is likely to increase at the end of this year or the beginning of next year, which will bring many opportunities for the WGC's new China chapter, according to Zhou.


By mrduediligence

Posted: Wednesday Sep 19 12:21:08PM 2018

Three significant news articles have come out today which shows support for the Central African Republic on three different fronts:


More than 1,000 Central African military personnel trained by Russia - https://thedefensepost.com/2018/09/19/central-african-republic-russia-1000-military-personnel-trained/


Central African Republic keen to attract Qatari investments - http://www.gulf-times.com/story/606538/Central-African-Republic-keen-to-attract-Qatari-in


AU chief in CAR to boost peace efforts - https://www.journalducameroun.com/en/au-chief-in-car-to-boost-peace-efforts/
 


AXM is closer now than in the last six years to getting back to Passendro, a multi million ounce gold deposit that was proven up between 2002 to 2012. 


By mrduediligence

Posted: Monday Sep 17 11:25:54AM 2018

https://www.thepeninsulaqatar.com/article/17/09/2018/Qatar,-Central-African-Republic-discuss-relations

Qatar, Central African Republic discuss relations
  17 Sep 2018 - 4:13

Minister of Administrative Development, Labour and Social Affairs, H E Dr Issa bin Saad Al Jafali Al Nuaimi met yesterday with Minister Mahamat Taib Yacoub, Special Advisor to the Prime Minister of Central African Republic, who is currently visiting Qatar. The meeting discussed bilateral relations in areas of common interest and ways of supporting them.

 

That brings support now from Russia, China, USA, France, Sudan, Qatar, African Union, European Union, Local Forces(FACA) and the United Nations. 


By mrduediligence

Posted: Friday Sep 14 9:51:04PM 2018

Some positive news for the Central African Republic(CAR) as the faster the country stabilizes, the faster AXM gets back to it's gold mine.
 
https://www.imf.org/en/News/Articles/2018/09/14/pr18348-imf-staff-completes-visit-to-central-african-republic
 
IMF Staff Completes Visit to Central African Republic
 
September 14, 2018

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.
Economic recovery continues; growth projected to reach 4.3 percent in 2018.
Strengthening government revenue mobilization remains a priority.
A staff team from the International Monetary Fund (IMF), led by Norbert Toé, visited Bangui during September 7–14, 2018 to review recent developments and program implementation. The IMF supports the economic and financial program of the Central African Republic by an Extended Credit Facility (ECF) [1]arrangement since 2016. On July 2, 2018, the IMF Executive Board approved the fourth review under the ECF, bringing total disbursements under the arrangement to SDR 88 million (about US$ 123.7 million). Discussions covered the draft 2019 budget, structural reforms including the revision of the petroleum price structure, and the government’s strategy to improve public financial management and governance.

 

At the end of the visit, Mr. Toé issued the following statement:

 

“The economic recovery continues with growth still projected to reach 4.3 percent in 2018 and accelerate in the medium term. The projections are predicated on the restoration of peace, the extension of public services throughout the country, and a steadfast implementation of reforms. Strong and sustained growth is necessary to create jobs and reduce poverty.

 

“Based on preliminary data and information collected during the mission, the economic program remains on track. Quantitative monitoring indicators for end-June 2018 agreed with the authorities have been met, but social spending underperformed. Structural reforms are advancing, although with some delays. The team emphasized the need to step up social spending to broaden public support for the reform program.

 

“The team and the authorities discussed broad outlines of the 2019 draft budget with a focus on accelerating domestic revenue mobilization, consolidating the single treasury account, strengthening public financial management, and increasing social spending to tackle poverty. Given the impact of higher international oil prices on public finances the team urged the authorities to streamline the complex oil price structure. Strengthening government revenue mobilization remains a priority, including by taking decisive steps against fraud.

 

“Going forward, the team and the authorities agreed on the need to accelerate the efforts to strengthen governance and transparency and sustain structural reforms aimed at improving the business environment.

“The team met with President Touadéra, Prime Minister Sarandji, President of the National Assembly Meckassoua, Minister of Finance Dondra, Minister of Economy Moloua, the National Director of BEAC Mr. Chaibou, senior government officials, as well as donor representatives. The team thanks the authorities for their hospitality, strong cooperation and constructive discussions. The team is expected to return later this year to conduct discussions for the fifth review under the ECF arrangement and the Article IV consultation.”



[1] Central African Republic’s ECF-supported program was approved by the IMF Executive Board in July 2016. The ECF is a lending arrangement that provides sustained program engagement over the medium to long term in case of protracted balance of payments problems.
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: ISMAILA DIENG

PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG


By mrduediligence

Posted: Thursday Sep 6 7:12:00AM 2018

China Pledges Support To Central African Republic


Xi meets Central African Republic president - http://www.xinhuanet.com/english/2018-09/06/c_137449561.htm


Senior CPC official meets Central African Republic president - http://www.xinhuanet.com/english/2018-09/06/c_137449711.htm


By mrduediligence

Posted: Wednesday Sep 5 3:00:01PM 2018

September 5th 2018 news below talks about the DDRR program starting. This was mentioned by Axmin Inc back in May, now it's finally happening with major support from numerous areas:


Article link: https://www.urdupoint.com/en/world/disarmament-reintegration-program-vital-for-425485.html

AXM News In May With Highlight: https://www.marketwatch.com/press-release/chairman-provides-axmins-year-end-2017-financial-and-operational-results-2018-05-07


The Counsellor to the CAR President for Disarmament, Demobilization, Reinsertion and Repatriation ("DDRR") , Colonel Noel Bienvenu Selesson, wrote to AXMIN, "We thank you not only for the efforts made by your Company but also for the reaffirmation of its commitment and its determination to go to the operation. The DDRR process is evolving. After the successful completion of the DDRR/RSS Pilot project that ended on December 19, 2017, we are very actively preparing for the launch of the large DDRR. The provisions in this framework, will allow your Company to resume fairly quickly all its activities in the area as well as in the rest of the country."


By mrduediligence

Posted: Wednesday Sep 5 9:04:07AM 2018

Seven articles that have come out in the last week showing major progress & support in the Central African Republic. The sooner stability returns, the faster AXM/AXMIF gets it's gold mine back with billions in proven gold as shown in the 43-101 and recent company presentation.

1) Putin Now Pursuing Multiple Long-Term Goals in Central Africa

https://jamestown.org/program/putin-now-pursuing-multiple-long-term-goals-in-central-africa/

2) Russia, Sudan foster deal among Central African militia

https://www.business-standard.com/article/pti-stories/russia-sudan-foster-deal-among-central-african-militia-118083000039_1.html

3) Presidents of African nations hail cooperation

http://www.ecns.cn/news/politics/2018-09-04/detail-ifyxpqun1873984.shtml

4) Sudan says resolved to support efforts for peace in Central African Republic

https://www.sudantribune.com/spip.php?iframe&page=imprimable&id_article=66181

5) The three top faith leaders of the Central African Republic have pledged to work with Russians in order to foster reconciliation in CAR

https://www.sightmagazine.com.au/features/10247-central-african-republic-as-sudan-hosts-peace-talks-russia-offers-to-get-more-involved

6) Russia To Train Central African Republic Armed Forces In Inked Military Deal

https://intelligencebriefs.com/russia-to-train-central-african-republic-armed-forces-in-inked-military-deal/

7) Rival Central African Republic militias agree demands in ‘positive’ African Union meeting

https://thedefensepost.com/2018/08/31/central-african-republic-militias-agree-demands-african-union/


By mrduediligence

Posted: Friday Aug 31 10:45:43AM 2018

New Axmin Inc. Company Presentation: http://axmininc.com/images/axmin_presentation_8jun2018.pdf


By mrduediligence

Posted: Wednesday Aug 29 7:06:39PM 2018

2018-08-29 14:28 MT - News Release


Ms. Lucy Yan reports


AXMIN ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDING JUNE 30, 2018


Axmin Inc. has released its financial and operating results for the three months ended June 30, 2018. All amounts included in this news release are in U.S. dollars


Highlights:


During the three months ended June 30, 2018, the Company reported royalty income of $576,643 from Gora Projects, compared with $386,655 for the same time period of 2017.
The net income for the three months ended June 30, 2018 was $437,586 compared to $359,338 in the same period of 2017.


LIQUIDITY AND CAPITAL RESOURCES


At June 30, 2018 the Company had cash on deposit in the amount of $1,944,449, accounts and other receivables of $577,237, and prepaid expenses of $5,487. Royalty income receivable of $573,643 has been received subsequent to the period ended June 30, 2018.


Net assets inclined to negative $362,169 at June 30, 2018 compared to negative $1,215,536 at December 31, 2017.


OUTLOOK


We continue our efforts and commitment with our developments in the CAR. We look forward to the time when we can reclaim our operations in CAR again.


About Axmin


Axmin is a Canadian exploration and development company with a strong focus on the African continent. Axmin continues to closely monitor the political situation at its Feasibility Stage Passendro Gold Project in the Central African Republic. For more information regarding Axmin visit our website at www.axmininc.com.


Axmin is a Canadian exploration and development company with a strong focus on the African continent. Axmin continues to closely monitor the political situation at its Feasibility Stage Passendro Gold Project in the Central African Republic. For more information regarding Axmin visit our website at www.axmininc.com.


We seek Safe Harbor.


© 2018 Canjex Publishing Ltd. All rights reserved.


NOTE:


The results above are from Q2 2018 which was April to June 2018. Below is a recap of the last six quarters and all news/financials can be found at www.sedar.com to verify these numbers:


January to December 2017 - Axmin Inc. Earns $1.2 million USD 


January To March 2018 - Axmin Inc. Earns $386,115 In Q1 2018


April To June 2018 - Axmin Inc. Earns $415,900 In Q2 2018
 


By mrduediligence

Posted: Monday Aug 27 8:45:36AM 2018

AXM.V Q2 2018 Results (Financials + MD&A) Ending June 30th 2018
All information is available through Sedar. Numbers below are in US Dollars

Tickers: AXM (CDN) & AXMIF (US)
Price: $0.17
Common Shares: 130,497,381
Options: 8,240,000
Insider/Institutional Holdings: 82,089,114 – 63%

ASSETS
Cash: $1,944,449
Receivables: $577,237
Prepaid Expenses: 5,487
Total Assets: $2,527,173

LIABILITIES
Accounts Payable: $2,376,429
Due To Related Parties: $189,810
Liabilities Of Discounted Operations: $323,103
Total Liabilities: $2,889,342

Three Month Period (Q2)
Revenue: $576,643
Expenses: $146,071
Net Income: $415,900

Earnings Per Share - $415,900 X 1.30(CDN Exchange) = $542,111 / 130.5 Mil Shares = 0.0042c

Six Month Period (Q1 & Q2)
Revenue: $1,067,194
Expenses: $263,256
Net Income For Period: $802,015

Earnings Per Share - $802,015 X 1.30(CDN Exchange) = $1,042,619 / 130.5 mil Shares = 0.008c


Management Discussion & Analysis

During the three months ended June 30, 2018, the Company reported royalty income of $576,643 from Gora Projects, compared with $386,655 for the same time period of 2017. The net income for the three months ended June 30, 2018 was $437,586 compared to $359,338 in the same period of 2016.

Concentration of Share Ownership

As at the date of this report, AOG Holdings BV holds approximately 12.38% of the issued and outstanding common shares of the Company on a non-diluted basis, Shenglin Trading holds approximately 15.32% of the issued and outstanding common shares of the Company on a non-diluted basis and Dickson holds approximately 34.48% of the issued and outstanding common shares of the Company on a non-diluted basis.

Central African Republic – Passendro Gold Project

The Company’s primary asset is the Passendro gold project, which is situated in the centre of a 25-year Mining License (355 sq km) that was awarded to AXMIN in August 2010. At the same time, the Company was also awarded two, three-year renewable Exploration Licenses, Bambari 1 and 2 (1,240 sq km), which ring fence the Mining License and cover a 90 km strike along the highly prospective Bambari greenstone belt.

On December 24, 2012, the Company officially notified the CAR Minister of Mines and Defence of the existence of a state of Force Majeure due to the escalating rebel activity in the country and the necessity to withdraw its field operations. Prior to the Force Majeure, the Company was working towards securing financing to develop the Passendro gold project into CAR’s first modern gold mine. The following is a brief summary of the status at Passendro gold project as at December 2012. A full description of the Passendro gold project can be found in the Company’s audited financial statements for 2014 and 2013, its June 2012 Annual Information Form, the 2011 Bankable Feasibility Study Optimization & Update and its 2009 Mineral Resource Estimate prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). All reports can be accessed under the Company’s profile on the SEDAR website at www.sedar.com.

The Company through its in-country staff have maintained close communications with senior ministers and officials in Bangui and also in Bambari which is the closest city to the Company’s asset near Ndassima. AXMIN’s country representative Mr. Boubacar Sidbe recently meet with the Vice Mayor of Bambari and Sub-prefect to discuss the situation on the ground and express the Company’s desire to get back on site. Meetings have also been held with the Mining Minister and Chief of the Office of the Head of State. AXMIN remains confident that stability will eventually return to the country and that the Company will be well positioned and ready to work with the elected government of the CAR to develop a pragmatic mining plan focusing on the extremely high-grade deposits that will be safe for our employees and contractors, have limited capital expenditure and hopefully achieve very profitable returns in a very timely fashion for shareholders

On March 26, 2018, the Minister of Mining and Geology issued an executive order No 031/18/MMG/DIRCAB/DGM to grant SOMIO Toungou an extension period of exemption from the development work and productions of the Passendro gold mine for one (1) year, running from March 22, 2018 to March 21, 2019.

On March 26, 2018, the Minister of Mining and Geology issued an executive order No 032/18/MMG/DIRCAB/DGM to grant Aurafrique SARL an extension period of exemption from exploration and research for one (1) year, running from March 22, 2018 to March 21, 2019.

As of the date of this report, operations at Passendro remain suspended and although the Company continues to maintain a presence in the CAR (through its administrative office and permanently stationed employees in Bangui) and relationship with the State in the CAR, the Company is unable to predict when it will be able to resume its operations at Passendro for the foreseeable future, if at all. As a result, impairment in the amount of $37,346,576 was recognized at December 31, 2013 on exploration and evaluation (“E&E”) assets for the Bambari properties to reflect the decrease in their recoverable value as of result of the current unstable situation in CAR. As at June 30, 2018, given that impairment was recognized and the unstable condition remains the same, the residual value of E&E assets for the Passendro gold project was written down to $nil in 2016.

As announced on November 15, 2013, the Company entered into an agreement to secure its ownership of the licenses in the CAR. Under this agreement the consultant was entitled to remuneration upon the successful completion of its services. The total outstanding payments due under this agreement amount to US$2,000,000. Axmin’s management are actively pursuing negotiations to resolve this account payable on substantially better economic terms for the Company. A further announcement will be made when appropriate.

This impairment recognized in the financial statements does not in any way mean that the Company is relinquishing its rights to the assets and it reflects the utmost conservative view by management on the objective circumstances and will be reviewed annually and subject to recovery when certain conditions are met pursuant to the accounting standards the Company has adopted.

The Company engaged a consulting company to assist the Company to obtain compensation for its mining properties damage or loss resulted from the civil war in CAR, which amounts to around XAF 18,000,000,000 ($29.0 million) from the government of CAR. In the event that the compensation from the government is received by the Company, the consulting company will be entitled to receive 15% of the total compensation.

Senegal Joint Venture

On February 28, 2012, AXMIN and its joint venture partner and manager, Sabodala Mining Company SARL (“SMC”), a whollyowned subsidiary of Teranga Gold Corporation (“Teranga”) amended its 2008 joint venture agreement. At the time, Teranga had earned an 80% interest in the Sounkounkou, Heremokono and Sabodala NW explorations licenses (the “Project”) located in the Birimian belt of eastern Senegal, by spending US$6 million on exploration. AXMIN has retained a 20% interest in the Project. The amended joint venture and royalty agreement (the “Agreement”) supersedes and replaces the original joint venture agreement.

On June 18, 2015, in addition to its royalty interest of 1.5% NSR in the Gora Target Area, AXMIN has elected to convert its 20% interests in another 15 Target Areas into a 1.5% NSR from each Target Area. On January 12, 2016, AXMIN elected to convert its 20% interest in one new Target area into a 1.5% NSR. After this Royalty Election, AXMIN holds a 1.5% NSR on 17 Royalty Target Areas (being Target Areas have been made Royalty Election on) in total and maintains 20% interests of Remainder Areas within the Senegal permits. The free carried interest of US$2.5 million granted to AXMIN under the Agreement has been depleted on account of its 20% Participation Interest in respect of all Participation Target Areas (being areas subject to exploration and both parties remain their respective interests (Teranga – 80% and AXMIN – 20%)). No further participation contribution needs to be made by AXMIN beyond this $2.5 million free carried interest with respect to the Participation Target Areas where a Royalty Election has been made.

Full details of the exploration programs at the Senegal JV can be found on the Teranga website at www.terangagold.com.


By mrduediligence

Posted: Tuesday Aug 21 9:07:12AM 2018

Very positive article below. With Russian/CAR ties growing and several rebel groups giving up arms next month, it's very likely that the country will stabilize and be fully under government control sooner than later. This gives Axmin Inc the opportunity to go back to their gold deposite which has 2.5 million ounces proven and 1.6 million inferred, not including their expansion claims. Keep in mind that they are still getting positive cash flow from their Senegal royalty with Teranga Gold and Q2 2018 results will be out by the end of August or sooner.

https://www.reuters.com/article/us-russia-centralafrica-accord/russia-signs-military-deal-with-the-central-african-republic-agencies-idUSKCN1L60R2

Russia signs military deal with the Central African Republic: agencies

Reuters Staff

2 MIN READ

MOSCOW (Reuters) - Russia and the Central African Republic (CAR) signed a military deal on Tuesday paving the way for Moscow to step up training of CAR’s armed forces, Russian news agencies reported.

FILE PHOTO - Russian Defence Minister Sergei Shoigu and Foreign Minister Sergei Lavrov attend a meeting with Japanese Foreign Minister Taro Kono and Defense Minister Itsunori Onodera in Moscow, Russia July 31, 2018. REUTERS/Maxim Shemetov

Russia’s growing military ties with CAR and its heightened interest in Africa were thrust into the spotlight last month when three Russian journalists were killed while investigating the alleged presence of Russian mercenaries there.

The agreement was signed at a state arms exhibition near Moscow attended by the two countries’ defence ministers, Russian news agencies reported.

Russia delivered light arms to the Central African Republic’s security forces earlier this year and said it had deployed 175 military and civilian instructors to train them.

The RIA news agency cited Marie-Noelle Koyara, CAR’s defence minister, as saying the accord would spur the Russian military training effort.

Koyara did not specify whether the training would take place in Russia, or in CAR with the help of Russian instructors.


By mrduediligence

Posted: Thursday Aug 9 12:44:19PM 2018

52 week high reached today based on two very encouraging articles that show AXM could get their massive gold deposit back shortly here:

Central African Republic receives military vehicles from China and the US - https://thedefensepost.com/2018/08/09/central-african-republic-military-vehicles-china-us/

CAR militia disarmament begins in September - http://apanews.net/index.php/en/news/car-to-begin-disarmament-of-militias-in-september


By mrduediligence

Posted: Thursday Aug 2 2:00:03PM 2018

http://www.uawire.org/the-russian-journalists-killed-in-the-central-african-republic-planned-to-film-gold-mines#


The Russian journalists who died in Central African Republic (CAR), on the day of the assassination were attempting to arrange the filming of the gold mine, which the company established by Yevgeny Prigozhin supposedly plans to develop, the Dozhd television channel (also known as TV Rain) reported citing information from the Investigations Management Centre (IMC) for which journalists collected information about Russian military mercenaries.


Before the murder, the journalists Orkhan Dzhemal, Alexander Rastorguyev and Kirill Radchenko went to meet the "fixer" – the UN employee based in the CAR, who was supposed to help them film the gold mines of Ndassima, said the IMC. The journalists were ambushed between the cities of Sibu and Kaga-Bandoro, away from their planned route. The IMC does not have any knowledge of why they deviated from their route.


In mid-July, the Africa Intelligence  news outlet reported that Russia had allegedly made an agreement with the government of the CAR for development of the Ndassima gold mine, in return promising to restore the order in the region, writes The Bell. According to the Africa Intelligence, Lobaye Invest which is established by M-Invest company, associated with the alleged sponsor of a Russian Wagner Private Military Company (PMC), Yevgeny Prigozhin, represents Russia's interests in the country.  The PMC fighters, in line with the Lobaye Invest interests, are engaged in the transportation from Bangui and the protection of mining equipment . In particular, the Lobaye Invest employees control the recently renewed diamonds mining near Berengo, wrote the newspaper.


The journalist, film director and camera operator arrived in the CAR planning to make a film about the activities of the Russian private military company (PMC), which media associates with businessman Yevgeny Prigozhin (Prigozhin himself denies the link with Wagner PMC). The official investigation version named the killing near the city of Sibu as a result of an armed robbery.


For information on AXM Ndassima/Passendro claim: http://www.mineafrica.com/documents/5%20-%20Axmin.pdf


By mrduediligence

Posted: Thursday Aug 2 8:00:34AM 2018

Page 7 ( TGZ Q2 MD&A)

Ore tonnes milled were marginally lower in the first half of 2018 compared with the first half of 2017 due primarily to lower mill throughput resulting from planned grinding circuit maintenance during the second quarter of 2018, including a planned rebuild of the secondary crusher as well as processing harder, high grade Gora ore.

 

Page 13(TGZ Q2 Financials)

As at June 30, 2018, there is $1.3 million in other current assets and $3.3 million in other non-current assets as advanced royalty payments to the Government of Senegal. In total, the Company had recorded $10.0 million related to the Oromin Joint Venture Group (“OJVG”) in 2014 and $4.2 million related to the Gora deposit in the first quarter of 2015. The advanced royalties are expensed to net profit based on actual production from the former OJVG and Gora deposits. During the three and six months ended June 30, 2018, the Company expensed $0.8 million and $1.7 million, respectively, as amortization of the OJVG and Gora advanced royalties (2017: $0.8 million and $1.5 million, respectively). The advanced royalty recorded within other current assets is based on the expected production from the OJVG and Gora deposits over the next year and the remaining balance is recorded within other non-current assets. Refer to note 16 for further details.

 


By mrduediligence

Posted: Thursday Aug 2 7:02:30AM 2018

Axmin received $600K USD from Teranga Gold in Q2 2018 from royalty payments.

From TGZ Financials(Page 10) Released Today: Includes royalties to Axmin Inc. on account of their 1.5 percent net smelter royalty on the Gora deposit. During the three and six months ended June 30, 2018, the Company incurred $0.6 million and $1.1 million, respectively, of Axmin royalties (2017: $0.4 million and $0.7 million, respectively).


By mrduediligence

Posted: Saturday Jul 28 6:48:29PM 2018

United Nations Central African Republic Report(January to June 2018)


This report is 132 pages in total. I have condensed everything with only details that are important and pertain to the stability of the Central African Republic and resumption of work by Axmin Inc.(AXM.V)


https://reliefweb.int/sites/reliefweb.int/files/resources/N1821863.pdf

Page 2) 
Following relevant exemptions and notifications to the Security Council
Committee established pursuant to resolution 2127 (2013) concerning the Central
African Republic, the country’s security and armed forces received training and
military equipment from the Russian Federation. Coupled with the support of other
partners such as the European Union Military Training Mission in the Central African
Republic, those efforts are facilitating the re-operationalization of FACA.

Ex-Séléka factions, like other armed groups, have, however, maintained their
engagement in the African Union Initiative for Peace and Reconciliation in the Central
African Republic, under which consultations began in November 2017 and the
conclusion of an agreement between the Government and the 14 recognized armed
groups is planned in the coming months

Page 7) 
The European Union Military Training Mission in the Central African Republic
is currently finalizing the training of a third battalion of the Forces armées
centrafricaines (FACA) in Bangui. All trained battalions are gradually being
redeployed in Bangui and beyond (see para. 18 below). The Training Mission also
supported the training of 232 demobilized members of armed groups integrated into
the national army, which was completed on 11 May as part of the pilot project for
disarmament, demobilization, reintegration and repatriation

On 26 December 2017, the Committee received a notification from the Russian
Federation regarding the training of Central African defence and security forces,
involving 5 military and 170 civilian Russian instructors for a period of one year. The
first and second training sessions for FACA and the Presidential Guard in the Sudan
and Berengo (Lobaye Prefecture) conducted by Russian instructors were concluded
on 31 March and 30 May 2018, respectively. The third training session commenced
on 30 May in Berengo. The presence of instructors from the Russian Federation
among the Presidential Guard, as observed by the Panel in Berengo on 31 March, was
reported to be part of the training exercise. 2

Russian instructors are currently deployed in Sibut and Bangassou in support of
recent FACA deployments. They were also involved in escorting a convoy
transporting materials for the construction of hospitals, which travelled from
Am Dafok and through the towns of Birao, Ndélé, Kaga Bandoro, Bria and Bangui
between 7 and 26 May 2018. Twenty-four instructors are currently ensuring the
security of hospitals donated by the Russian Federation in Bria, and 20 are doing so
in Ouadda

In Bangui on 12 March 2018, national authorities, with the support of
MINUSCA, started the training of the 500 candidates for the police and gendarmerie
recruited throughout the country (see S/2017/1023, paras. 14–16).6 

Page 8)
Since April 2018, Russian instructors have also started the training of 160 policemen 
and 50 gendarmes in Berengo as a precondition for assigning them weapons in view of their
deployment.

Between 26 January and 7 February 2018, nine aircraft arrived at M’Poko
International Airport in Bangui to deliver weapons and ammunition as part of the
military cooperation between the Government of the Russian Federation and the
Government of the Central African Republic, and as allowed under an exemption by
the Committee on 15 December 2017

Page 10)
The African Union Initiative for Peace and Reconciliation in the Central African
Republic, which began its activities in November 2017, has achieved some traction
towards meeting the objectives set out in its road map. Through meetings in Bangui
and several rounds of field visits in the country (see annex 3.1), the African Union’s
panel of facilitators documented grievances that now form the basis of discussion for
the planned dialogue aimed at concluding a peace agreement between the Government
and the 14 armed groups.

In accordance with the timetable adopted under the African Union Initiative, a
series of workshops and training seminars are being organized to prepare for the
upcoming dialogue and build the capacity of the main stakeholders, including the
panel of facilitators, the Government, the 14 armed groups and civil society. 

In parallel with the African Union Initiative, mediation efforts are also being
undertaken at the local level, including by MINUSCA, the national authorities and
religious leaders. Those initiatives are aimed at establishing a favourable environment
that addresses local conflict dynamics, involving various actors (armed groups, local
authorities, civil society and religious groups) and taking various formal or informal
forms.

Page 11)
The Government is also engaging with armed groups through the President’s
national security adviser, a Russian national appointed as part of the cooperation
between the Governments of the Central African Republic and the Russian
Federation, who met on several occasions with leaders of armed groups to discuss
questions related to, among other things, disarmament, demobilization and
reintegration, national reconciliation and the sharing of revenues from the
exploitation of natural resources among local and national authorities. 

Most armed group leaders continue to express support for the African Union
Initiative.

Page 13)
In an attempt to address various illicit cross-border activities, the Government
of the Central African Republic has engaged neighbouring countries with a view to
signing bilateral and trilateral agreements establishing commissions on cross-border
issues. From 2 to 4 September 2017, a tripartite meeting was held in Kinshasa
among the Governments of the Central African Republic, the Democratic Republic of
the Congo and South Sudan. Those in attendance recommended the creation of a
special mixed commission in charge of political, diplomatic, defence and security
matters pertaining to the three countries

It is also planned that trilateral commissions will be established among the
Central African Republic, Chad and the Sudan as well as among the Central African
Republic, Cameroon and Chad. In addition, it is envisaged that bilateral commissions
will be put in place between the Central African Republic and Cameroon and between
the Central African Republic and Chad, as well as between the Central African
Republic and the Sudan

Page 18) *Note* - UPC is main group around Passendro/Ndassima
Still, UPC wants to appear to be a reasonable partner for the Government and
the international community. For example, although it was involved in violent clashes
with FACA soldiers in Bambari on 10 June, UPC finally agreed to let the FACA
convoy reach Bangassou (see para. 19 above). That decision triggered negative
reactions from other ex-Séléka factions as well as within UPC.61 The rejection of any
FACA deployment prior to the conclusion of a global agreement is a position common
to all ex-Séléka factions (see para. 39 above).

Page 23)
Since early 2016, a number of foreign operators have obtained permits to exploit
diamond and gold sites in the Central African Republic in a semi-mechanical or
industrial manner. Such investments provide tax revenues to the State. At the same
time, in areas with limited State authority, activities of all economic operators may
generate revenue for armed groups through racketeering, illegal taxation or possibly,
as was the case in 2016 with the private security company FIT Protection (see
S/2016/694, paras. 85–89), direct arrangements between companies and armed groups.

Page 30)
Additional information on the training of FACA by the European Union Training
Mission in the Central African Republic (EUTM)
Since September 2016, EUTM has trained a total of 3,000 FACA soldiers:
- Qualifying courses for 344 FACA officers (i.e. 38% of the total officers) and 544
non-commissioned officers (i.e. 26% non-commissioned officers);
- Training for 1,600 FACA soldiers (a total of three battalions, the last battalion
finishes training in early August 2018);
- Training of 232 FACA soldiers as part of the pilot project for disarmament,
demobilization, reintegration and repatriation;
- The validation of the training of 344 FACA soldiers organized in Rwanda and
Equatorial Guinea.

Additional information on the training of FACA by instructors from the
Russian Federation
The first training of personnel of the CAR national defence and security forces by the
military (5) and civilian (170) instructors of the Russian Federation, as notified to the
Committee on 26 December 2017, was concluded on 31 March 2018. The training took
place in the CAR and in the Sudan. During an official ceremony at the training site on 31
March 2018 in Berengo, 65 km southwest of Bangui, 202 FACA soldiers and Presidential
Guards demonstrated some of the operational skills acquired during their training.1 Few
days earlier, on 26 March, most of the National defence and security forces trained in the
Sudan flew back to the Central African Republic.

The second training of 200 FACA soldiers and 54 Presidential Guards was conducted in
Berengo between 30 March and 30 May 2018. The third training of 400 FACA soldiers and
62 Presidential Guards started in Berengo on 30 May 2018. This brings the total of FACA
soldiers and Presidential Guards trained by Russian instructors to approximately 900. 

Page 45)
After a turbulent year (S/2017/1023, paras. 74-91), the security situation in
Bangassou has improved. Three recent events have created a window of opportunity
in town: the signature of a local peace agreement (see below); the arrest of the selfdefence
leader Crépin Wakanam, alias “Pino Pino”; and the launch of a Community
Violence Reduction (CVR) programme

The return of relative stability in town has also been facilitated by the progressive
disappearance of the most dangerous self-defence group leaders: “Ngadé” was killed
in inter-group clashes in December 2017; “Bere-Bere” surrendered to MINUSCA in
January 2018; and “Pino Pino” fled to the Democratic Republic of the Congo, where
he was arrested together with 37 members of his group, on 16 May 2018

The last factor contributing to the current stability in Bangassou town is the CVR
program launched in May by MINUSCA for 700 beneficiaries. People included in
the program receive a paid training for three months to learn a profession in exchange
of handing over their weapons. To date, MINUSCA has collected almost 1,500
weapons and is considering launching a second CVR phase in August 2018

Most of the information between Pages 46 to 117 are images, maps, and unrelated details

Page 118)
Use of anti-balaka fighters, ISF and FACA elements as security
providers for economic operators.

To operate in the CAR, especially in the provinces, economic operators, including mining
companies, need to take measures to ensure their security. Some mining companies or
cooperatives employ private security companies. As mentioned in the 2017 Panel’s final
report (S/2017/1023, para. 235), one such private security company operating in SossoNakombo
was employing former anti-balaka soldiers

Other mining companies reportedly directly recruit anti-balaka or former anti-balaka
fighters. Anti-balaka leaders in Bouar and some local authorities told the Panel that the use
of former anti-balaka combatants as security providers was common practice for mining
companies operating in the Abba area.

Some companies rather secure the provisioning of National defence and security forces
through agreements with the Ministries of Defence and/or Interior. Such practices enable
the companies to ensure their security without resorting to protection by armed groups; at
the same time, they create additional tasks for FACA and ISF whose human resources and
capabilities are limited. In Bouar, for instance, the FACA Deputy Commander told the
Panel that more than a third of FACA deployed in the area were involved in the protection
of mining companies


By mrduediligence

Posted: Friday Jul 27 8:58:34PM 2018

Looks like Axmin Inc(AXM & AXMIF) isn't the only company waiting to get back to working in the Central African Republic. BanwaGold signed a deal end of May and their looking to start things up in Q4 2018 which is October-December 2018. This is a very good sign.

http://www.banwagold.com/en/

BANWAGOLD
ROADMAP – STRATEGYHome
Timeline
ROADMAP – TIMELINE - CAR
BanwaGold sells mining contracts to investors seeking to base their assets on gold production. To secure these contracts, BanwaGold signs agreements with small producers and mining cooperatives that produce a weekly amount of gold. This quantity will be multiplied by 4, by 10, then 25 thanks to the mining contracts signed by the investors. This is how we plan this ramp-up in the Central African Republic. This strategy will be implemented in parallel in other African countries.


Q4 2018
Installation of zone 1 and zone 2 exploration. Opening of the foundry Start of direct investment purchases
Q2 2019
Installation of zone 2 and zone 3. Sale of the first production of zone 1
Q4 2019
Installation of zone 3 worksites
Q4 2020
Industrialization of production
Q4 2021
Industrialization of production


STRATEGY – 6 AFRICAN COUNTRIES
BanwaGold sells mining contracts to investors seeking to base their assets on gold production. BanwaGold's mining contracts have two components: buying gold and producing gold. Purchase: The small producers and mining cooperatives with which BanwaGold signs agreements produce a weekly quantity of gold that is bought at the best market price. Production: Thanks to mining contracts sold by BanwaGold, small producers and mining cooperatives are able to develop exploration and exploitation processes.
Purchases
Via our foundry, acquisition of gold via $ 2.5 Million of direct investments and the reinvestment of 70% of the revenues of our production
Production
Via our local networks of mining cooperatives


By mrduediligence

Posted: Friday Jul 6 9:37:54PM 2018

 

 

July 5th 2018 – Gabon Keeps 444 troops in CAR

 

https://m.news24.com/Africa/News/gabon-to-keep-troops-in-un-mission-in-car-20180705


July 6th 2018 – Russian Mercenaries Secure Gold Mines In CAR

 

https://www.unian.info/world/10177382-new-russian-mercenary-group-reportedly-fighting-in-syria-media.html

Key Part:

Defense Ministry officers, comparing the new PMC to the Wagner Group, noted that Patriot pays more and offers better combat assignments. A source in the veterans' community said Wagner and Patriot competed for the contrast to provide security at gold mines in the Central African Republic, Dozhd reported.
 

July 5th 2018 – UN Proved Central African Republic With $1 Billion In Aid

 

https://www.un.org/press/en/2018/ga12039.doc.htm

 

June 29th 2018 – UN Deploys 700 Peace Keepers From Nepal To CAR

 

https://thehimalayantimes.com/nepal/united-nations-to-deploy-up-to-700-more-peacekeepers-from-nepal/

 

June 29th 2018 – AU(African Union) To Focus On Central African Republic

 

http://plenglish.com/index.php?o=rn&id=30340&SEO=au-summit-focused-on-challenges-progresses

 

June 26th 2018 – New Central African Republic Court Now In Order

 

https://www.news24.com/Africa/News/no-obstacles-in-launching-car-special-criminal-court-20180626

 

June 25th 2018 – Central African Republic Diamond Business Now Active Again

 

http://www.idexonline.com/FullArticle?Id=44032


By mrduediligence

Posted: Wednesday Jul 4 7:56:21AM 2018

http://www.imf.org/en/News/Articles/2018/07/03/pr18272-imf-executive-board-completes-fourth-review-central-african-republic

IMF Executive Board Completes Fourth Review Under the ECF Arrangement for the Central African Republic and Approves US$ 32.1 Million Disbursement
July 3, 2018

Completion of the review enables a disbursement of US$ 32.1 million.
Program implementation has been satisfactory in a difficult context. Restoring peace and speeding the implementation of the development agenda are key to sustain the economic recovery and reduce poverty.
Improving domestic resource mobilization is crucial for the scaling up of expenditure in key sectors such as health, education, and security.
On July 2, 2018, the Executive Board of the International Monetary Fund (IMF) completed the fourth review under the Extended Credit Facility (ECF) arrangement[1] for the Central African Republic. The completion of the review enables a disbursement of SDR 22.84 million (about US$ 32.1 million), which will bring total disbursements under the arrangement to SDR 88 million (about US$ 123.7 million).

The ECF arrangement for the CAR was approved by the Executive Board on July 20, 2016 (see Press Release No. 16/352 ) for SDR 83.55 million and subsequently augmented twice to a total of SDR 133.68 million (about US$ 189.0 million, 120 percent of Central African Republic’s quota at the IMF).

At the conclusion of the Board’s discussion, Mr. Tao Zhang, Deputy Managing Director and Acting Chair, stated:

Performance under the ECF-supported program has been satisfactory despite a challenging security environment and difficult humanitarian conditions. The authorities stepped up the implementation of their reform agenda and public investment plan.

“Fiscal policy is broadly on track. The revised 2018 budget includes new revenue measures and remains anchored to the domestic primary balance objective while allowing a scale-up of social and capital spending. Renewed efforts to mobilize domestic revenues, which remain weak, will be critical to support the scaling-up. Given the country’s high risk of debt distress, continued reliance on grant financing is essential to support debt sustainability. The implementation of the investment program for the National Recovery and Peacebuilding Plan will boost economic prospects.

“The authorities continued to implement fiscal structural reforms, which contributed to the strengthening of the treasury single account, improved budget transparency and traceability of domestic revenues. Quarterly publication of budget execution reports allows for better tracking and monitoring of government expenditures. More consideration should be given to streamlining quasi-fiscal taxes, reducing exceptional payment procedures, and strengthening the asset declaration regime. It will also be important to follow through on commitments to strengthen transparency in the management of natural resources.

“The government started the comprehensive clearance of domestic arrears. The transparent repayment of arrears will support growth, bolster the credibility of the state, and strengthen the banking sector.

“The Central African Republic’s program is supported by the implementation of policies and reforms by the regional institutions in the areas of foreign exchange regulations and monetary policy framework and to support an increase in regional net foreign assets, which are critical to the program’s success.”

 



[1] The ECF is a lending arrangement that provides sustained program engagement over the medium to long term in case of protracted balance of payments problems. Details on Central African Republic’ arrangement are available atwww.imf.org/external/country/CAF .
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: ISMAILA DIENG

PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG


By mrduediligence

Posted: Monday Jun 18 8:51:33PM 2018

Axmin, Teranga receive exploration permits in Senegal

 
2018-06-18 16:06 MT - News Release

 

Ms. Lucy Yan reports

NEW EXPLORATION PERMITS IN SENEGAL WITH TERANGA GOLD CORPORATION (TERANGA)

Axmin Inc. has received confirmation from Teranga that the government of the Republic of Senegal has granted two new exploration permits under the 2016 Senegalese Mining Code for Sounkounkou and Bransan, encompassing the 17 target areas that the company shares an interest in with Teranga.

The initial term of the exploration permits is for a period of four years with a requisite minimum expenditure commitment during this initial period. Thereafter, the exploration permits are renewable two times for consecutive periods not exceeding three years each, provided that Teranga has satisfied its work and expenditure commitments. The Bransan perimeter is 337.3 square kilometres and Sounkounkou is 291.7 square km, which together cover roughly 90 per cent of the prior permit areas.

Axmin chairman Lucy Yan said, "The issuance of exploration permits for the additional targets, upon which Axmin has a [net smelter return] royalty of 1.5 per cent, is very good news for our company."

About Axmin Inc.

Axmin is a Canadian exploration and development company with a strong focus on the African continent. Axmin continues to closely monitor the political situation at its feasibility-stage Passendro gold project in the Central African Republic.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.


By mrduediligence

Posted: Tuesday Jun 12 7:38:53AM 2018

https://www.shephardmedia.com/news/landwarfareintl/car-asks-un-approve-china-arms-deliveries/

CAR asks UN to approve China arms deliveries
12th June 2018 - 08:08 GMT | by ​Agence France-Presse in United Nations


RSS 
The Central African Republic (CAR) has asked the UN Security Council to approve deliveries of Chinese-made armoured vehicles, machine guns, tear gas grenades and other weaponry for its struggling army and police, according to the request obtained by AFP on 11 June.


CAR Defence Minister Marie Noelle Koyara requested an exemption to an arms embargo, arguing that national forces are ‘confronted with the strength and escalating violence of armed groups whose illegal activities pose a threat to civil order.’


The council imposed an arms embargo on the CAR in 2013 when the country descended into bloodshed but its sanctions committee in 2017 gave the green light for Russia to supply weapons to the national forces.


Council members have until 3:00 pm EST (7:00 pm GMT) of 15 June 2018 to raise objections to the request for the Chinese shipments, according to a letter from the sanction committee's vice-chair.


China is donating the military equipment which includes 12 armoured vehicles and four assault vehicles, 50 pistols, six sniper rifles, ten submachine guns with silencers and some 30 machine guns of various calibres.


The list of equipment from China's Poly Technologies also includes 300 rockets, 500 anti-tank grenades, some 725,000 rounds of ammunition of various types and 15,000 tear gas grenades.


In her request, the defence minister argued that tear gas would help gendarmerie and police deal with crowd control as the ‘units do not currently possess any of this equipment designed to maintain order.’


The request for the Chinese weaponry is backed by a European Union military training mission and by the UN peacekeeping operation MINUSCA, which has come under repeated attacks from armed groups. Five peacekeepers have been killed in 2018.


The CAR exploded into violence following the 2013 overthrow of longtime leader Francois Bozize, prompting France to intervene with its Operation Sangaris.


MINUSCA took over an African Union-led mission in 2014, deploying some 12,000 troops and police, but the country remains overrun with militias, many of whom claim to protect Christian or Muslim communities.


CAR's leaders have repeatedly asked the Security Council to ease the arms embargo to allow shipments of equipment that will beef up the national forces.


France and the UN mine-action service have helped CAR's defence ministry set up armouries and ammunition depots for the deliveries, which the request stated should take place in June 2018.


Koyara wrote: ‘Building up the defence and security forces, alongside MINUSCA, and progressive deployment of those forces safeguards the security of people and ensures the progressive enforcement of state authority.’


Most of the armoured vehicles and other weaponry will be used by special forces trained by Rwanda and certified by the EU training mission. Units of CAR's gendarmerie and police were trained by the UN police.


By mrduediligence

Posted: Wednesday Jun 6 1:51:14PM 2018

A Vancouver based marketing firm has recently started promoting Axmin Inc,(AXM & AXMIF). This company has an office in the same building as Axmin Inc and in Shanghai. No doubt they struck a deal recently because this only came up on Google today. All Axmin Inc. information is up to date too. They are marketing strictly to Chinese investors.


https://nai500.com/


AXM - https://nai500.com/client/0C00000JF1/


About NAI - https://nai500.com/about-us/#faq-social-media


NAI Interactive Ltd. (NAI), established in 1998, is a leading market intelligence and investor relations service provider for fast growing public companies trading on the North American stock exchanges. Our goal is to serve as a bridge between public companies and Chinese investors, nurturing investor loyalty and form functional networks via our unique platform. Throughout the years, NAI has established itself as the most trusted firm in providing market insights to Chinese investors. We strive to provide a more powerful platform for companies and investors to connect with each other.
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Extensive Experience in the Business
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By mrduediligence

Posted: Monday Jun 4 10:59:37AM 2018

https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003164
 
This was important to put out for a few reasons:
 
1) Shows that insiders still own over 80 of the 130.5 million common shares


2) Directors are paying themselves less than $20,000 USD per year and given that the company just made $1.2 million USD in profit, why aren't they paying themselves more?
 
3) Options are being renewed and expanded. 
 
What does this all mean? In my opinion, I see it as a clear example that they want to make their money through capital gains, aka selling common shares. They gave themselves options last September at $0.05 for the first time. Fast forward 8 months and we now have a clearer picture from their latest news release on how the country is progressing rapidly towards stabilization with the help from the AU, UN, Russia, CAR military.
 
Most recent news: http://axmininc.com/PRmay07_2018.php


By mrduediligence

Posted: Thursday May 31 9:14:13AM 2018

Two videos that came out this week from reliable news sources(BBC & France 24). CAR is getting a huge boost from Russia and in return the Russians will be working on getting mining/exploration going on in the Central African Republic. This is big news because once they make it safe enough for Russia to work in the country, then Axmin Inc. will also have this ability in the near future, thus adding tremendous value back to the stock( 3 million ounce gold deposit on a $15 million market cap company)


BBC - http://www.bbc.com/news/av/world-africa-44293080/russia-and-the-central-african-republic-a-curious-relationship


France 24(Via Youtube) - https://www.youtube.com/watch?v=mGyv-YzQixk


By mrduediligence

Posted: Thursday May 24 9:31:19AM 2018

AXM.V Q1 2018 Results (Financials + MD&A) Ending March 31st 2018

All information is available through Sedar. Numbers below are in US Dollars

 

Tickers: AXM(CDN) & AXMIF(US)

Price: $0.11

Common Shares: 130,497,381

Options: 8,240,000

Insider/Institutional Holdings: 82,089,114 – 63%

 

ASSETS (USD)

Cash: $1,628,835                (December 2017 - $1,115,331)
Receivables: $497,302        (December 2017 - $610,477)
Prepaid Expenses: $9,094   (December 2017 - $12,934)
Total Assets: $2,135,231     (December 2017 - $1,738,742)

 

LIABILITIES (USD)
Accounts Payable: $2,432,023          (December 2017 - $2,440,820)
Amounts Due To Parties: $174,345  (December 2017 - $190,355)
Discontinued Operations: $323,103  (December 2017 - $323,103)
Total Liabilities: $2,929,471             (December 2017 - $2,954,278)

 

Q1 2018 Revenue (USD)
Royalty Income: $490,551
G&A Expenses: $117,185
Net Income: $386,115

 

2017 Revenue($USD)

Royalty Income: $1,585,578

G&A Expenses: $388,268

Net Income: $1,141,752

 

The company has added $1,527,867 USD or $1,986,227 CAD (based on 1.30 exchange) over the last 5 quarters. This is $0.0152 cents earnings per share. Small cap multiples for earnings based companies should be around 10 times earnings minimum.

 

MD&A Highlights

 

During the three months ended March 31, 2018, the Company reported royalty income of $490,551 from Gora Projects,· compared with $310,684 for the same time period of 2017.  The net income for the three months ended March 31, 2018 was $373,527 compared to a $226,989 net income in the· same period of 2017.

 

Operations

 

Central African Republic – Passendro Gold Project The Company’s primary asset is the Passendro gold project, which is situated in the centre of a 25-year Mining License (355 sq km) that was awarded to AXMIN in August 2010. At the same time, the Company was also awarded two, three-year renewable Exploration Licenses, Bambari 1 and 2 (1,240 sq km), which ring fence the Mining License and cover a 90 km strike along the highly prospective Bambari greenstone belt.

 

On March 26, 2018, the Minister of Mining and Geology issued an executive order No 032/18/MMG/DIRCAB/DGM to grant Aurafrique SARL an extension period of exemption from exploration and research for one (1) year, running from March 22, 2018 to March 21, 2019.

 

As of the date of this report, operations at Passendro remain suspended and although the Company continues to maintain a presence in the CAR (through its administrative office and permanently stationed employees in Bangui) and relationship with the State in the CAR, the Company is unable to predict when it will be able to resume its operations at Passendro for the foreseeable future, if at all. As a result, impairment in the amount of $37,346,576 was recognized at December 31, 2013 on exploration and evaluation (“E&E”) assets for the Bambari properties to reflect the decrease in their recoverable value as of result of the current unstable situation in CAR. As at March 31, 2018, given that impairment was recognized and the unstable condition remains the same, the residual value of E&E assets for the Passendro gold project was written down to $nil in 2016. This impairment recognized in the financial statements does not in any way mean that the Company is relinquishing its rights to the assets and it reflects the utmost conservative view by management on the objective circumstances and will be reviewed annually and subject to recovery when certain conditions are met pursuant to the accounting standards the Company has adopted.

 

The Company through its in-country staff have maintained close communications with senior ministers and officials in Bangui and also in Bambari which is the closest city to the Company’s asset near Ndassima. AXMIN’s country representative Mr. Boubacar Sidbe recently meet with the Vice Mayor of Bambari and Sub-prefect to discuss the situation on the ground and express the Company’s desire to get back on site. Meetings have also been held with the Mining Minister and Chief of the Office of the Head of State. AXMIN remains confident that stability will eventually return to the country and that the Company will be well positioned and ready to work with the elected government of the CAR to develop a pragmatic mining plan focusing on the extremely high-grade deposits that will be safe for our employees and contractors, have limited capital expenditure and hopefully achieve very profitable returns in a very timely fashion for shareholders.

 

Senegal Joint Venture On February 28, 2012, AXMIN and its joint venture partner and manager, Sabodala Mining Company SARL (“SMC”), a whollyowned subsidiary of Teranga Gold Corporation (“Teranga”) amended its 2008 joint venture agreement. At the time, Teranga had earned an 80% interest in the Sounkounkou, Heremokono and Sabodala NW explorations licenses (the “Project”) located in the Birimian belt of eastern Senegal, by spending US$6 million on exploration. AXMIN has retained a 20% interest in the Project. The amended joint venture and royalty agreement (the “Agreement”) supersedes and replaces the original joint venture agreement. The 2012 Agreement with SMC includes, among other things, the following terms: (a) both parties agree that their respective interests (Teranga–80% and AXMIN–20%) in the Project are divided into Target Areas (being areas subject to exploration) and Remainder Areas (areas not yet subject to exploration); and (b) that both parties will retain all respective interests in all of these areas, until an election is made by AXMIN to convert its 20% interest in a Target Area into a 1.5% NSR or Royalty Interest (“Royalty Election”). After AXMIN has made a Royalty Election with respect to the Target Area, SMC will solely fund all finance work costs for each of the Royalty Interests.

 

 


By mrduediligence

Posted: Wednesday May 23 6:28:18PM 2018

Between Russia, MINUSCA(UN), CAR Government, and other powers in the Central African Republic, rebels will be dealt with sooner than later.


http://en.kremlin.ru/events/president/news/57534

President of Russia Vladimir Putin: Mr President,

It is a pleasure to welcome you to St Petersburg.


I would like to thank you for coming to the St Petersburg International Economic Forum.


At the outset, I would like to recall that our country was one of the first to recognise the independence of the Central African Republic.


In the 1960s and 70s, specialists from our country worked in many spheres in your country, dozens of highly qualified specialists in many fields. Over 500 people were trained in Russia and managed to apply the knowledge and skills they received to develop their homeland.


Later, for many reasons our cooperation was, if not completely curtailed, stuck at a rather low level. We will be happy to consider various plans to boost our relations, first of all in the economic and humanitarian fields, including personnel training.


I am happy to see you, Mr President, and hope that today we will manage to find areas where we can work together to advance our relations.


President of the Central African Republic Faustin Archange Touadera (retranslated): Thank you very much, Mr President.


I am most grateful to you personally and the Government of the Russian Federation for the invitation. It is a great honour for me to take part in the St Petersburg Economic Forum.


You mentioned the very important historical cooperation between our country and the Russian Federation in the 1960s and 1970s. In these periods, our contacts were much closer.


You spoke about personnel training. Some students received education in the Soviet Union, while others studied in our country. For example, I studied at home but my teachers were Russian, which illustrates the very high level our relations were at.

I am very happy to be here at your invitation. I think this is a wonderful opportunity to enhance our cooperation in many areas. I believe we can map out ways, areas and means for more active cooperation. You mentioned the economy and humanitarian contacts and I agree with you.


Today our country is among the least developed but we have huge potential. I think participation in the economic forum will allow us to tell its participants about this potential and the business and economic opportunities opening up in our country.

I went to Sochi on October 7 and saw that there is an opportunity for large-scale partnership based on trust between our countries.


I would like to once again thank you, Mr President, the entire Government and the people of the Russian Federation for your support in the process of consolidation and reconciliation in our country.


Incidentally, recently a Russian convoy covered a very difficult route from the East to the West in the framework of such partnership. Its goal was to set up mobile hospitals that will render simply invaluable support to our population that is currently in a very difficult humanitarian situation.


We have big expectations for potential economic and humanitarian exchanges. We will discuss ways of promoting our cooperation.


By mrduediligence

Posted: Wednesday May 23 11:35:20AM 2018

Based on the recent news from Axmin Inc, the government, UN, and other global support will help the company get this project back hopefully sometime this year. Right now AXM stock value is based solely on the royalty payment earnings multiple and has not given any value towards the CAR asset, or future Senegal royalty targets. Thus making AXM severly undervalued. 

Project Link: http://www.axmininc.com/Corporatenbsp.php

AXMIN Inc. (AXM-TSX Venture) is a gold exploration company with a track record of finding and developing mines in Africa. AXMIN's strategy is to focus on newly democratic countries where it has the opportunity to acquire highly prospective ground as an early entrant.

In June 2010, AXMIN announced the completion of the acquisition of AfNat Resources Limited, at the same time the Company announced a restructuring of management and the Board, George Roach was appointed President and CEO. Shortly thereafter, in August 2010, AXMIN was awarded a 25 year Mining Licence (ML) for its Passendro Gold Project and two 3-year renewable exclusive Exploration Permits that ring-fence the ML and cover 90 sq km of strike along the prolific Bambari greenstone belt.

The Passendro Gold Project is located in the centre of its 90 km long Bambari permits, located in north-central Central African Republic (CAR). Passendro has as of June 2009, a NI 43-101 Indicated mineral resource of 2.03 million ounces Au (31.5 Mt grading 2.0 g/t Au) and Inferred mineral resource of 1.10 million ounces Au (21.7 Mt grading 1.6 g/t Au).  In January 2011, AXMIN announced the results of its revalidated Feasibility Study, which indicated a robust project with a NPV at 5% discount of US$340 million, an IRR of 32% and a low cash cost of US$484/oz over a mine life of 8.3 years. In addition, the first three years provide an average annual production of 205,000 ounces with a cash cost of US$437/oz resulting in a rapid project payback of 2.2 years. With the feasibility study in hand, AXMIN has all the documentation it needs t secure the debt financing to develop Passendro project.

Highlight of the 2011 FS is detailed below:

Assumed Gold Price
US$1,100/oz
Assumed Oil Price
US$80/bbl
Mine Throughput
2.8 mtpa
Mine Life
8.3 years
Development & Construction
24 months
Strip Ratio
5.4:1
Average Annual Production years 1-3
205,000 oz
Average Annual Production (LOM)
163,000 oz
Initial Capital Costs (excluding contingency)
US$246 million
Total Cash Costs (including royalties) (LOM)
US$484/oz
Average Metallurgical Recovery
94%
Gravity Recovery
30%
IRR (after tax & royalties)
32.1%
NPV (after tax, 5% discount)
US$340 million
Operating Cash Flows
US$493 million
Payback Period
2.2 years


On December 24, 2012, the Company officially notified the CAR Minister of Mines and Defence, as per its 2006 Mining Convention, of the existence of Force Majeure due to the escalating rebel activity in the country, providing the Company full protection under the circumstances and in the event there is a change of administration in CAR.  Under these circumstances all in country operations other than administrative, as well as all negotiations with the Company’s debt lenders have been suspended pending the lifting of the Force Majeure. The Force Majeure is an unexpected event that crucially affects our ability to carry out our activities under the terms of various agreements and represents a lawful reason for failure to have done so.

Subsequently, on April 2, 2013, AXMIN referenced the COMMUNIQUE GOUVERNEMENTAL NUMERO 01 of the CAR Transitional Governmentthat confirmed that all lawfully and legitimately concluded contracts with the State will be honoured, further confirming the validity of AXMIN’s legally binding contractual agreements with the State. 

During 2012, the Company’s main focus was securing the financing required to build the mine. By the first quarter of 2012, AXMIN had successfully, with the assistance of its financial advisor Endeavour Financial (“Endeavour”), executed Mandate Letters for a total of $235 million in debt facility that is a mix of senior and subordinate convertible debt with a number of development agencies and commercial banks from Europe and South Africa.  The debt providers’ Mandate Letters are commitments to arrange financing on a best efforts basis and are subject to legal, technical and environmental due diligence, execution of acceptable terms and documentation and obtaining final credit and board approvals.  As indicated above, all lenders’ due diligence activities and negotiations with debt providers have been suspended until the lifting of the Force Majeure. On April 15, 2013, one of the four financial institutions terminated its debt Mandate Letter pursuant to a decision of certain European States to withdraw recognition of the Central African Republic as a result of the current political situation. This financial institution has indicated that it is willing to reconsider the project if the relevant circumstances change.  

In May 2013, AXMIN's shareholders voted overwhelmingly in support of the Dickson Resources Change of Control, at which time the two-stage Offering closed and AXMIN issued a total of 45,000,000 Units for gross proceeds of approximately C$6.8 million. Under the terms of the Offering AXMIN announced the appointment of three Dickson Resources represetatives to the AXMIN Board.


By mrduediligence

Posted: Wednesday May 23 10:23:26AM 2018

https://content.usaa.com/mcontent/static_assets/MMF/MONHLD_FND0050.pdf

Looks as if this fund has started accumulating Axmin Inc. shares. The cutoff was March 31st 2018 for Q1, but their Q2 should be out sometime this summer. Doesn't make sense for a fund with $550 million USD to only pick up 240,000 shares of a small cap. Their other holdings are between $100K to $20 million each, so I suspect more will be purchased. Keep in mind that AXM insiders currently own 85 of the 130.5 million common shares.


By mrduediligence

Posted: Thursday May 17 1:59:16PM 2018


Russia & IMF In Central African Republic

How Russia Is Displacing the French in the Struggle for Influence in the Central African Republic

https://jamestown.org/program/how-russia-is-displacing-the-french-in-the-struggle-for-influence-in-the-central-african-republic/

IMF reaches agreement on fourth review of ECF for Central African Republic

http://cpifinancial.net/news/post/45011/imf-reaches-agreement-on-fourth-review-of-ecf-for-central-african-republic


By mrduediligence

Posted: Tuesday May 8 7:20:05AM 2018

This article came out May 7th 2018(as per their website) and clearly shows more proof of improvemnt in the Central African Republic.

Why is this important? Because it adds stability, security and confidence throughout CAR, and also means that the support given by the CAR government, UN, AU, MINUSA, to Axmin is legit and there should be no reason why we can't get back to the Passendro claim later this year.

https://www.afdb.org/en/documents/document/central-african-republic-supplementary-grant-to-the-support-programme-for-reconstruction-of-grassroots-communities-phase-1-appraisal-report-101679/

AFRICAN DEVELOPMENT BANK GROUP

CENTRAL AFRICAN REPUBLIC

SUPPLEMENTARY GRANT TO THE SUPPORT PROGRAMME FOR
RECONSTRUCTION OF GRASSROOTS COMMUNITIES-PHASE 1

General Overview: The Support Programme for Reconstruction of Grassroots Communities –
Phase 1 (PARCB-1) was designed for implementation in several phases and in various areas of
the Central African Republic, as their security conditions improve. PARCB-1, which covers
mainly the city of Bangui and its environs, was approved on 24 June 2015 to the tune of UA 15
million. The programme’s completion is set for 31 December 2019. PARCB-1’s mid-term
evaluation (end 2017) showed that it has yielded significant results that can contribute quickly to
reducing fragility and strengthening resilience in the project impact area.

While waiting for a second complete phase of PARCB, it was essential to consolidate and
strengthen the mid-term achievements of the first phase by replicating them in another locality, in
this case the city of Bambari (situated 385 km from Bangui), with regard particularly to the
component on “sustainable socio-professional reintegration of unemployed and out-of-school
youths”. Indeed, in accordance with CAR’s 2017-2021 National Peace Recovery and
Consolidation Plan (RCPCA), Bambari is currently a pilot area for reducing the spatial exclusion
affecting the hinterland. An investment plan on Bambari was adopted with the support of partners,
and international (MINUSCA) and national forces were deployed there to facilitate the
implementation of activities.

With an overall cost of UA 6.36 million, financing for the Supplementary Grant to PARCB-1,
which is part of this initiative, will contribute to strengthening sustainable livelihoods and social
cohesion for the direct benefit of a population of about 123,150 inhabitants in Bambari and its
environs, including 52% of women and 61% of mostly unemployed and out-of-school youths.
These efforts will supplement those already made by PARCB-1, which benefits 500,000 people
directly and 1,528,985 people indirectly (representing 32% of the CAR population), including
500,000 unemployed and out-of-school youths in Bangui and its environs.

Needs Assessment: The Supplementary Grant, which covers needs in terms of
construction/rehabilitation and equipping of grassroots socio-economic infrastructure in Bambari and
its environs (notably National Pioneer Youth (JPN) centres, the cattle market, the slaughter area, the
Teachers’ Training School (ENI), drinking water and sanitation infrastructure) for the benefit of the
population and income-generating activities for women. For the city of Bangui and its environs, the
Supplementary Grant will consolidate health- and food security-related actions, especially through
the operationalization of the youth entrepreneurship promotion centre and the hemodialysis centre,
and the development of a cattle market.

Value Added for the Bank: The CAR Government and other partners consider PARCB as an
excellent multi-sector programme model, which meets real needs for socio-economic recovery and
peacebuilding. The Supplementary Grant to PARCB-1 seeks to consolidate PARCB-1’s
achievements and duplicate its experience in Bambari, as part of the government initiative to support
spatial reduction. This programme is consistent with the Bank’s High 5s (H-5s) and Ten-Year
Strategy as well as the strategy to remedy fragility and strengthen resilience in Africa.

Knowledge Building: The approaches and methods experimented through sustainable socioprofessional
reintegration activities for unemployed and out-of-school youths, skills development in
technical education and vocational training, women’s empowerment activities, and awarenessraising
activities on social cohesion and change of attitudes in the programme, produced results and
need to be replicated in other regions of the country. The programme will ensure knowledge
ownership by beneficiaries through the participatory monitoring-evaluation system, which involves
them in all phases of its implementation. The programme also has a Monitoring and Coordination
Unit, a Steering Committee and a community consultation process.


By mrduediligence

Posted: Monday May 7 10:57:43AM 2018

Axmin earns $1.2-million (U.S.) in 2017

 
2018-05-07 11:33 MT - News Release

 

Ms. Lucy Yan reports

CHAIRMAN PROVIDES AXMIN'S YEAR END 2017 FINANCIAL AND OPERATIONAL RESULTS

Axmin Inc. has released highlights from its audited annual financial statements for the year ended Dec. 31, 2017, which have been filed on SEDAR (amounts are in U.S. dollars).

2017 Highlights

Financial:

 

-Revenue of $1.6 million (2016: $1 million);
-Net Income of $1.2 million (2016: loss of $0.25 million);
-Cash balance of $1.1 million (2016: $0.4 million);
 

Operational:

 

-Revenue from NSR royalty with Teranga Gold Corporation ("Teranga") for the Gora Deposit has grown from $1 million in 2016 to $1.6 million in 2017. For the avoidance of doubt, at the moment only the Gora Deposit contributed the NSR royalty revenue of $1.6 million for the year 2017 to AXMIN.
-AXMIN staff are in discussions with Teranga regarding progress on developing other properties in which AXMIN has an interest.
-AXMIN holds an additional 16 target areas in conjunction with Teranga subject to future development with no further capital participation contribution required from AXMIN.
 

Central African Republic ("CAR")

 

-AXMIN is delighted to confirm that, on March 26, 2018, the Minister of Mining and Geology in the CAR issued an executive order No 073/18/MMG/DIRCAB/DGM ("Executive Order") to grant Somio Toungou an extension of the period of exemption from development and exploration under the Mining License for one (1) year, running from March 22, 2018 to March 21, 2019, relating to the Passendro Gold Project.


-By the Executive Order, Aurafrique also was granted a one (1) year extension, running from March 22, 2018 to March 21, 2019, of an exemption from exploration and research work on the Bambari 1 and 2 Exploration Permits.


-The situation in the CAR remains difficult, but AXMIN's in-country representative Mr. Boubacar Sidibe has recently visited Bambari and has met with the district commissioner, Prefect of Ouaka, Vice Mayor of Bambari, head of MINUSCA at Bakala, and representatives of the illegal miners who were at one time active on the Passendro Gold Project site. AXMIN is maintaining excellent relations at the regional level as well as at the central government level.


-AXMIN regrets the instability that has plagued the CAR but is confident that stability will return under the stewardship of the current government and looks forward to working with all stakeholders to develop a safe, rapid and profitable mining operation on the Company's mineral properties in the CAR.
 

Commenting on the 2017 annual results, Ms. Lucy Yan, AXMIN's Chairman, said: "During the past year of my tenure as Chairman, we are starting to see some positive developments in the CAR. We believe that the duly elected government working with MINUSCA will in time bring stability to the country and specifically to the region around Ndassima where our main asset is located. We have been in close communication with the senior ministers and officials of the governments both in Bangui and locally in Bambari and look forward to the time when we can reclaim the site to become operational again."

The Counsellor to the CAR President for Disarmament, Demobilization, Reinsertion and Repatriation ("DDRR") , Colonel Noel Bienvenu Selesson, wrote to AXMIN, "We thank you not only for the efforts made by your Company but also for the reaffirmation of its commitment and its determination to go to the operation. The DDRR process is evolving. After the successful completion of the DDRR/RSS Pilot project that ended on December 19, 2017, we are very actively preparing for the launch of the large DDRR. The provisions in this framework, will allow your Company to resume fairly quickly all its activities in the area as well as in the rest of the country."

The CAR Minister of Mining and Geology, Mr. Leopold Mboli Fatrane, also wrote to AXMIN, "... the Ndassima mine is one of the main projects on which the Government is setting out to revive the national economy. To this end, the Government and the Integrated Multidimensional Stabilization Mission of the United Nations in Central African Republic (MINUSCA) have already undertaken the restoration of the authority of the State in the Ouaka and its surroundings."

Mr. David Weill, lead independent director of AXMIN, commented, "Management has done a superb job during this time of adversity to firstly secure the financial situation of the company by strictly controlling costs and secondly develop the royalty revenue streams for the benefit of all shareholders. Management has also maintained an excellent relationship and ongoing dialogue with the government of the CAR so that, when the Company regains access to and control over the mining site, the Company may rapidly implement a pragmatic mining plan focusing on developing the extremely high-grade deposits that will provide operational security for our employees and contractors, require limited capital expenditures from the Company and hopefully achieve very profitable returns in a very timely fashion for our shareholders."

This press release should be read in conjunction with the Company's audited annual financial statements for the year ended December 31, 2017, together with its management's discussion and analysis for the year ended December 31, 2017, both of which are available from the Company's website and on SEDAR at www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00003164 .

About AXMIN

AXMIN is a Canadian exploration and development company with a strong focus on central and West Africa. AXMIN is positioned to grow in value as it progresses its Passendro Gold Project towards development and builds on its project pipeline focusing on transitioning from an explorer to producer. For more information regarding AXMIN, visit our website at www.axmininc.com .

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.


By mrduediligence

Posted: Thursday May 3 4:14:23PM 2018

Axmin Inc(AXM.V) Royalty Payment History(2015-2018)
All In USD. Numbers Can Be Found On Sedar.

Q3 2015
Gold Ounces Mined At Gora: 2,414 – From TGZ MD&A
Royalty Income(1.5% Of Gora Sales): $0 – Delayed payment as TGZ needs to sell gold
Cash: $136,274
Receivables: $0 – No receivables until TGZ sells gold
Total Assets: $143,189
Total Liabilities: $2,570,565

Q4 2015 – First Quarter Of Gora Payments
Gold Ounces Mined At Gora: 20,401 – From TGZ MD&A
Royalty Income(1.5% Of Gora Sales): $252,721
Cash: $ 14,039
Receivables: $258,939
Total Assets: $347,504
Total Liabilities: $2,520,590

Q1 2016
Gold Ounces Mined At Gora: 27,560 – From TGZ MD&A
Royalty Income(1.5% Of Gora Sales): $457,259
Cash: $203,850
Receivables: $465,098
Total Assets: $717,454
Total Liabilities: $2,548,366

Q2 2016
Gold Ounces Mined At Gora: 14,517 – From TGZ MD&A
Royalty Income(1.5% Of Gora Sales): $232,045
Cash: $188,321
Receivables: $235,427
Total Assets: $426,091
Total Liabilities:$2,111,294 – Portion of cash used for liabilities

Q3 2016
Gold Ounces Mined At Gora: 8,570 – From TGZ MD&A
Royalty Income(1.5% Of Gora Sales): $165,794
Cash: $299,540
Receivables: $172,008
Total Assets: $473,972
Total Liabilities: $2,081,329

Q4 2016
Gold Ounces Mined At Gora: 17,301 – From TGZ MD&A
Royalty Income(1.5% Of Gora Sales): $125,282
Cash: $370,238
Recivables: $12,084
Total Assets: $516,121 - $1 million paid from Bambari license Until March 2019
Total Liabilities: $2,952,285

Q1 2017
Gold Ounces Mined At Gora: 22,286 – From TGZ MD&A
Royalty Income(1.5% Of Gora Sales): $310,684
Cash: $436,764
Receivables: $320,874
Total Assets: $766,439
Total Liabilities: $2,988,656

Q2 2017
Gold Ounces Mined At Gora: 21,402 – From TGZ MD&A
Royalty Income(1.5% Of Gora Sales): $386,655
Cash: $713,569
Receivables: $390,276
Total Assets: $1,109,413
Total Liabilities: $3,010,128

Q3 2017
Gold Ounces Mined At Gora: 11,123 – From TGZ MD&A
Royalty Income(1.5% Of Gora Sales): $273,516
Cash: $1,088,948
Receivables: $278,321
Total Assets: $1,369,453
Total Liabilities: $3,027,594

Q4 2017
Gold Ounces Mined At Gora: 60,587 – From TGZ MD&A
Royalty Income(1.5% Of Gora Sales): $614,723
Cash: $1,115,331
Receivables: $610,477
Total Assets: $1,738,742
Total Liabilities: $2,954,279

* Despite record production at Gora, the royalty income was only double the prior quarter despite having 5.5 times the amount of gold mined. This is again delayed due to TGZ being able to safely sell the gold and get paid from it.

Q1 2018 – Estimate From Teranga Gold Payment Announced May 3rd
Gold Ounces Mined At Gora: 58,384 – From TGZ MD&A
Royalty Income From TGZ MD&A (1.5% Of Gora Sales): $500,000 as per TGZ financial results.

Teranga Gold May 2018 corporate presentation clearly states on page 18 that 22,500 ounces are to be sold to Franco Nevada. Well this is only a fraction of what was produced which again confirms that payments to Axmin are deferred to upcoming quarters which should be reflected in the receivables.

118,971 ounces of gold were mined between Q4 2017 and Q1 2018 at Gora. Lets use basic gold numbers such as $1,300 per ounce(lower than the last 6 months) and see what we should be getting:

118,971 ounces X $1,300 gold price = $154,662,300 (if all gold was sold)

$154,662,300 X 0.015% (Axmin royalty) = $2,319,935. Keep in mind that gold is higher than $1,300 so the royalty should be a bit more

What was paid in Q4 2017 and announced for Q1 2018: $614,723 + $500,000 = $1,114,723

So Axmin is still owed a lot more money and this will likely be paid between Q2-Q4 this year.


By mrduediligence

Posted: Thursday May 3 11:27:44AM 2018

TGZ Q1 results are out, shows them paying axmin $500,000 USD in royalties. This is low considering they mined 58,400 ounces and AXM gets 1.5% of that. But if you look at the Teranga Gold presentation released today, it clearly says that only 22,500 ounces were actually sold. So again there is more back pay to Axmin. Nice thing is that G&A costs for AXM is between $80-100K per quarter, so it should be a $400K net income quarter for Q1 2018. The actual results will be out end of May.


By mrduediligence

Posted: Tuesday May 1 6:28:03AM 2018

AXM.V Year End Results. (Finacials + MD&A) Ending December 31st 2017
All Information Can Be Found On www.Sedar.com

Price: $0.085
Common Shares: 130,497,381
Options: 8,240,000
Insider/Institutional Holdings: 82,089,114 – 63%

Financials For 2017 – All Numbers Are In USD. 2016 Comparison Numbers Added
Multiply By 1.28 To Get CAD Value

ASSETS($USD)
Cash: $1,115,331 (2016 - $270,238)
Receivables: $610,477 (2016 - $133,799)
Prepaid Expenses: $12,934 (2016 - $12,084)
Total Assets: $1,738,742 (2016 - $516,121)

LIABILITIES($USD)
Accounts Payable: $2,440,820 (2016 - $2,448,203)
Amounts Due To Related Parties: $190,355 (2016 - $180,979)
Liabilities Of Discontinued Operations: $323,103 (2016 - $323,103)
Total Liabilities: $2,954,278 (2016 - $2,952,285)

Revenue($USD)
Royalty Income: $1,585,578
G&A Expenses: $388,268
Net Income: $1,141,752

2017 Net Income Converted Into Earnings

$1,141,752USD X 1.28CAD = $1,461,443 CAD earnings for 2017

$1,461,443 / 130,497,381 = $0.011 cents earnings per share in CAD

MD&A Highlights

Operations

Central African Republic – Passendro Gold Project

The Company’s primary asset is the Passendro gold project, which is situated in the centre of a 25-year Mining License (355 sq km) that was awarded to AXMIN in August 2010. At the same time, the Company was also awarded two, three-year renewable Exploration Licenses, Bambari 1 and 2 (1,240 sq km), which ring fence the Mining License and cover a 90 km strike along the highly prospective Bambari greenstone belt.

November 28, 2016, the Minister of Mines, Energy and Hydraulics of the CAR issued the Ministerial Order No 246/16/MMEH/DIRCAB/DGMD, giving an Exemption Certificate of one (1) year for exploration and research of the primary layer of gold and others related to substances of Licenses of BAMBARI 1 and 2 to Aurafrique SARL, a wholly-owned subsidiary of the Company. The period of the Exemption is valid within duration of one year from November 28, 2016 to November 27, 2017. In 2016, the Company incurred $1,000,000 for the extension of the licenses of BAMBARI 1 and 2, which is included in accounts payable and accrued liabilities in consolidated statements of financial position as of December 31, 2016.

On March 26, 2018, the Minister of Mining and Geology issued an executive order No 032/18/MMG/DIRCAB/DGM to grant Aurafrique SARL an extension period of exemption from exploration and research for one (1) year, running from March 22, 2018 to March 21, 2019.

The Company through its in-country staff have maintained close communications with senior ministers and officials in Bangui and also in Bambari which is the closest city to the Company’s asset near Ndassima. AXMIN’s country manager Mr Boubacar Sidbe recently meet with the Vice Mayor of Bambari and Sub-prefect to discuss the situation on the ground and express the Company’s desire to get back on site. Meetings have also been held with the Mining Minister and Chief of the Office of the Head of State. AXMIN remains confident that stability will eventually return to the country and that the Company will be well positioned and ready to work with the elected government of the CAR to develop a pragmatic mining plan focusing on the extremely high-grade deposits that will be safe for our employees and contractors, have limited capital expenditure and hopefully achieve very profitable returns in a very timely fashion for shareholders.

As of the date of this report, operations at Passendro remain suspended and although the Company continues to maintain a presence in the CAR (through its administrative office and permanently stationed employees in Bangui) and relationship with the State in the CAR, the Company is unable to predict when it will be able to resume its operations at Passendro for the foreseeable future, if at all. As a result, impairment in the amount of $37,346,576 was recognized at December 31, 2013 on exploration and evaluation (“E&E”) assets for the Bambari properties to reflect the decrease in their recoverable value as of result of the current unstable situation in CAR. As at December 31, 2017, given that impairment was recognized and the unstable condition remains the same, the residual value of E&E assets for the Passendro gold project was written down to $nil in 2016.

This impairment recognized in the financial statements does not in any way mean that the Company is relinquishing its rights to the assets and it reflects the utmost conservative view by management on the objective circumstances and will be reviewed annually and subject to recovery when certain conditions are met pursuant to the accounting standards the Company has adopted.

Senegal Joint Venture

With regarding of Axmin owned 20% interest in the Sounkouko and Heremokono explorations permits, on June 18, 2015, in addition to its royalty interest of 1.5% NSR in the Gora Target Area, AXMIN has elected to convert its 20% interests in another 15 Target Areas into a 1.5% NSR from each Target Area. On January 12, 2016, AXMIN elected to convert its 20% interest in one new Target area into a 1.5% NSR. After these Royalty Elections, AXMIN holds a 1.5% NSR on 17 Royalty Target Areas (being Target Areas have been made Royalty Election on) in total and maintains 20% interests of Remainder Areas within the Senegal permits. Axmin’s royalty rights are intended to continue and survive the Joint Venture Agreement and remain tied to the permits themselves, irrespective of title holder.

Since August 2015, Axmin Inc. started to generate the 1.5-per-cent net-smelter-return royalty’s income from the Gora deposit. The total royalty income for the year ended December 31, 2017 was $1,585,578 (for the year ended December 31, 2016 - $980,380). The royalty is applied to the production of gold from the Gora deposit, located in the Senegal Republic. The Gora deposit is operated by Axmin's joint venture partner, Sabodala Mining Company SARL, a wholly owned subsidiary of Teranga Gold Corp.

In February 2012, AXMIN elected to hold a 1.5% NSR royalty interest in the Gora deposit. Since August 2015, Axmin Inc. started to generate the 1.5-per-cent net-smelter-return royalty’s income from the Gora deposit.

During the year ended December 31, 2017, the Company reported royalty income of $1,585,578 from Gora Projects, compared with $980,380 for the same time period of 2016.

Readers are advised that the information about the Gora project contained in this MD&A is based on information publicly disclosed by Teranga and has not been independently verified by the Company. Specifically, as a royalty holder, the Company has limited, if any, access to the Gora project and is dependent on the operator of the property and its qualified persons to provide information to the Company regarding the project or on publicly available information and the Company generally has limited or no ability to independently verify such information.

Results of Financial

For the year ended December 31, 2017, Axmin reported royalty income of $1,585,578 from Gora Projects, compared with $980,380 for the same time period of 2016.

The net income for the year ended December 31, 2017 was $1,230,930 compared to an $246,758 net loss in the same period of 2016, an increase in the net income of $1,477,688. The increase in net income was mainly due to:

Increased in royalty income of $605,198 from $980,380 in 2016 to $1,585,578 in 2017.

Decreased in expenses of $922,115 in the year ended December 31, 2017 from $1,310,383 in the year of 2016 to $388,268 in the same period of 2017. The decrease in expenses was primarily due to a $1,003,274 decrease in project costs due to the $1,000,000 consulting fee incurred in 2016 for the extension of Exploration Licenses of BAMBARI 1 and 2 and the extension of exemption from the development work and productions of the Passendro gold, which was not incurred in the year of 2017. The decrease in expenses was also due to $11,410 decrease in consulting fees, offset by a $14,283 increase in salary and wages, a $69,658 increase in share-based compensation, and a $9,078 increase in travel expenses. Offset by:

Decreased in other income of $49,625 from $83,245 in 2016 to $33,620 in 2017.

For the fourth quarter ended December 31, 2017, the Company incurred an income of $437,814 from continuing operations compared with a loss of $841,007 from continuing operations for the quarter ended December 31, 2016, an increase in the net income of $1,278,821. The increase in net income during the quarter ended December 31, 2017 was mainly due to the followings:

Increased in royalty income of $489,441 from $125,282 in 2016 to $614,723 in 2017.

Decreased in expenses of $957,219 in the fourth quarter of 2017 compared with the same period of 2016. The decrease in expenses was primarily due to the $1,000,000 in project costs related to consulting fee for the extension of Licences of BAMBARI 1 and 2 incurred in 2016, which was not incurred in the same fiscal year of 2017. The decrease in other income was primarily due to the decrease in loss on foreign exchange.


By mrduediligence

Posted: Sunday Apr 29 11:25:23AM 2018

There is a major undervaluation in the resource estimate from the Gora deposit in Senegal. Teranga Gold(TGZ) has said on their website and in previous MD&A reports that only 140,000 ounces of Gold exist. However, Axmin clearly states on their website that Gora has just under 400,000 ounces of Gold. Now if we break this down, Gora has much more life ahead of it and here are the numbers to prove it.

Note – Gora did not start production until Q4 2015.

TGZ Gora Estimate – 140,000 Ounces Proven + Probable

AXM Gora Estimate – 395,000 Ounces Proven + Probable

2015
Ounces Mined: 22,814
Royalty Paid To Axmin: $300K USD

2016

Ounces Mined: 67,948

Royalty Paid To Axmin: $1M USD

2017

Ounces Mined: 115,398 – 60,587 coming from Q4 2017, major increase in production
Royalty Paid To Axmin: $1.6M USD

Total ounces mined: 206,160 (from 2015 to 2017)

So that has already exceeded TGZ’s estimate by 60,000 ounces. However, that is only over half of what Axmin has stated. As well, keep in mind that TGZ mined the most gold out of Gora in the most recent quarter, how is that possible if the resource is ending? Someone must of made a huge mistake on the Teranga side. On top of this, there are three other adjacent claims that could very well go into production soon (Honey, Jam, Cinnamon) as these are 1-2km’s away from Gora and results were similar or better from the 70,000m of drilling, bulk sampling and other tests performed.

Sources:


http://www.axmininc.com/Senegal.php

The Gora deposit, located on the Sounkounkou licence, has a proven and probable reserve, based on a US$1,500 gold price, of 2.1 Mt grading 4.22 g/t Au containing 285,000 ounces. The Measured and Indicated Resource at Gora has increased to 374,000 ounces of gold at 5.0 g/t Au and an Inferred resource of 20,000 ounces grading 3.4 g/t Au.

Note - This was last updated in 2012, so the resource could easily have increased since then with more exploration.

http://www.terangagold.com/English/investors/news/newsreleasedetails/2017/Teranga-Gold-Increases-Sabodalas-Reserve-Base-to-27-Million-Ounces-Adds-More-Than-400000-Ounces-of-Gold-and-Improves-Five-Year-Production-and-Cash-Flow-Profile/default.aspx

Financials on Sedar for TGZ show all the sales from Gora and royalties paid.


By mrduediligence

Posted: Saturday Apr 28 8:54:37AM 2018

Things are progressing positively in CAR. More support means AXM will get their claim back sooner than later. In the meantime Senegal will keep adding cash to the books while we wait.
 

1) Ivory Coast to send 450 peacekeepers to C. Africa


https://www.independent.co.ug/ivory-coast-to-send-450-peacekeepers-to-c-africa/


2) Video: The UN Security Council members are focusing their attention on Africa


https://www.youtube.com/watch?v=FiW5U1diWsY&feature=youtu.be


3) The CAR Humanitarian Fund releases $ 11 Million to Support Humanitarian Response


https://reliefweb.int/report/central-african-republic/car-humanitarian-fund-releases-11-million-support-humanitarian


By mrduediligence

Posted: Tuesday Apr 24 3:29:38PM 2018

A new high hit today as the CAR deposit gets optimism from the government. Also, results will be out between now and next week and the Senegal Royalty from TGZ.T will be updated in the financials. See today's article:


https://www.businesslive.co.za/bd/world/africa/2018-04-24-central-african-republics-president-tells-un-he-wants-to-accelerate-disarmament/


Central African Republic’s president tells UN he wants to accelerate disarmament


New York — The Central African Republic’s president, Faustin-Archange Touadera, told the UN on Monday that he wants to "accelerate" the disarmament, demobilisation and reintegration of members of armed groups.


"I have instructed my government to work toward reducing the harm and threat of armed groups in the Central African Republic, by accelerating the implementation of the disarmament, reintegration and repatriation program," he said at a meeting concerning the peace process in his country.


Such an operation would require "necessary reforms of the security sector for the reconstitution of national defence forces and interior security forces," Touadera said.


His comments come as the Popular Front for the Rebirth of Central Africa (FPRC), one of the country’s main armed groups, threatened to march on Bangui.


The group said it wanted to act following a UN peacekeeper operation against militia in the volatile PK5 Muslim enclave of the capital.


Touadera urged "dialogue" as the preferred approach to combat the violence that has ravaged his country since 2013.


He stressed that "consolidation of peace … can only be achieved through the restoration of security throughout the territory, the fight against impunity, [and] the restoration of state authority throughout the territory".


Morocco’s UN envoy Omar Hilale, who initiated Monday’s meeting, assured the Central African Republic of the UN’s "support" and said he would soon travel to Bangui.


The country’s authorities control only a small part of the national territory, with a number of armed groups fighting over control of diamonds, gold and livestock in one of the world’s poorest countries.


AFP


By mrduediligence

Posted: Monday Apr 23 12:05:34PM 2018

CAR: World Bank pledges 12.5b for economic reforms


https://www.journalducameroun.com/en/car-world-bank-pledges-12-5b-for-economic-reforms/

The World Bank will support the Central African Republic (CAR) with 12.5 billion CFA francs to boost economic reforms in the country, the Ministry of Economy and Planning announced Monday.A Ministry of the Economy press release said the Bank’s aid is part of the project to support state consolidation.


The project aims to restore fiscal management and transparency by increasing tax revenue, improving wage management, reducing the use of extraordinary budgetary procedures and strengthening budget control.


Among its objectives is the establishment of a post-transition pro-poor reform programme that can reinvigorate the drivers of economic growth, in key sectors and sub-sectors such as roads, agriculture and telecommunications.


These reforms can contribute to improving the living conditions of the poorest populations, which represent 40 percent of the distribution of social assistance in the CAR.


These economic reforms are contained in the Recovery and Peacebuilding Plan (RCPCA) that the government presented to its partners in 2016 during its donors’ roundtable in Brussels, Belgium, to receive financial support.


By mrduediligence

Posted: Tuesday Apr 10 3:48:56PM 2018

TGZ Renew's Axmin Inc. Land Package In Senegal. On Page 24 of TGZ.T Annual Information.

Regional Land Package (RLP)

On March 2, 2018, Teranga’s wholly-owned subsidiary executed two (2) mining conventions with the Ministry of Mines
which will govern the terms of two (2) new exploration permits which are expected to be issued in due course. These
new exploration permits, Bransan and Sounkounkou, will comprise the RLP and will have an initial term of four (4)
years.

As background, over the course of 2016 and 2017, the prior 8 permits that comprised the RLP expired, and in advance
of that the Company worked in collaboration with the Senegalese Ministry of Mines to reduce our overall exploration
land package while at the same time filing applications for two new permits that would comprise approximately 2/3 of
the previous RLP that covered nearly 1,000km2.

All exploration permits are granted by ministerial decree and are subject to a mining convention signed between SMC
and the government of Senegal. The gold exploration permits are held in a combination of full SMC ownership and
earn-in joint ventures where SMC is the funding and managing party as outlined in below.

Given the Sabodala Mining Convention signed with the government of Senegal on April 7, 2015 and its provisions
extending to SMC exploration permits, it is anticipated that permits that move into production will be merged into this
mining convention and be bound by its revised fiscal terms regarding royalty rate and tax exoneration periods.
Summary of Joint-Venture Agreements in Place over SMC's Exploration Permits

There are currently two joint venture agreements over SMC’s exploration permits:
• Axmin Joint Venture – covers the areas under the former Sounkounkou and Heremakono permits to the extent
they are included within portions of the new Sounkounkou permit.
• Bransan Agreement – cover the areas under the former Bransan permit to the extent they are included within the
new Bransan permit. Although the new Bransan permit will be fully held by SMC, there is a 30% ownership right
assigned to a Senegalese company, Senegal Nominees Limited.


By mrduediligence

Posted: Tuesday Apr 10 3:48:47PM 2018

I agree that CAR has had a few years of serious problems with Rebels, but decent news with the UN, MINUSCA, Russia, EU, and other countries are starting to go in and clear up all the rif-raf. Only a matter of time before that area becomes workable again. But the royalties from Senegal can let AXM grow while we wait.


By Bobwins

Posted: Tuesday Apr 10 1:43:44PM 2018

I held Axim for a long time while they were preparing for the build of their gold mine.  Eventually I had to give up and sell at a loss but they had a solid reserve of gold and it looked like it was going to be a good mine before political troubles stopped the development.  I remember reading negative comments about the political stability in Central Africa and the lack of any previous gold mines in the country.  


By mrduediligence

Posted: Wednesday Apr 4 8:29:02AM 2018


https://www.journalducameroun.com/en/wb-clears-cfaf5bn-for-car-mining-industry/

The World Bank has approved a CFAF5 billion loan for the Central African Republic to improve the management of its natural resources.Under the terms of the loan agreement signed in Bangui on Saturday by CAR’s minister of Planning and Economy, Felix Moloua, and the World Bank’s country representative, Robert Bougeaoud, will for the next three years, build the capacity of the mining sector staff.

It will also give the country a new mining code which will attract more investors. CAR’s main natural resources are gold and diamonds in addition to other untapped mineral endowments.


By mrduediligence

Posted: Wednesday Apr 4 8:03:15AM 2018

AXM.V Due Diligence Report (Most Recent Financials + MD&A)


Price: $0.05
Common Shares: 130,497,381
Options: 8,240,000
Insider/Institutional Holdings: 82,089,114 (as per Sedar Information Circular)

Axmin Inc. is a gold royalty and production based company focused in Africa. They own 100% interest in the only large scale gold mine in the CAR(Central African Republic), as well as a 1.5% royalty in Senegal on a multi million ounce deposit that TGZ.T(Teranga Gold) put into production at the start of 2016.


Axmin received a $185 million USD loan in 2011 after proving up 2+ million ounces of gold in CAR and was ready to create the first large mine in that country. Shortly after, an internal conflict broke out, suspending operations for several years. Now, the conflict is pretty much over and there are numerous larger institutions backing support for not on the Central African Republic, but also for Axmin’s mine. This is because it can bring immense economic benefit to the country of only 5 million people. In the meantime, the royalty from Senegal has added tremendous cash flow to the company that can help rebuild assets.


The website is currently being updated(as per my conversation with management) but this 2012 presentation has all the information on the CAR gold deposit. Keep in mind that Senegal was not in production at this time, so it’s not included in it.


https://www.yumpu.com/en/document/view/29893170/passendro-gold-project-axmin-inc


AXM will have year end results in April and Q1 2018 results in May, two more quarters of revenue/profit from the gold royalties.


Financials + MD&A (All Assets Are In $USD)


ASSETS
Cash: $1,088,948
Receivables: $278,321
Prepaid Expenses: $2,184
Total Assets: $1,369,453 (2016 - $516,121)

LIABILITIES
Accounts Payable: $2,468,754
Due To Related Parties: $235,737
Liabilities Of Discontinued Operations: $323,103
Total Liabilities: $3,027,594 (2016 - $2,952,285)


2017 & 2016 Revenue Summary (All $USD)


2016 (Q1-Q4)
Royalty Income: $980,380
G&A Expenses: $295,821
Net Income: $684,559
*note – Show loss due to $1 million being spent on increasing CAR acreage in preparation for going back into the country and increasing the reserves


2017 (Q1-Q3)
Royalty Income: $970,855
G&A Expenses: $292,824
Net Income: $705,718


As you can see, AXM is very profitable just on the gold royalty alone. But having the CAR project back would add literally a few billion dollars worth of gold value since all the work has been done on that property and it is ready to go into production. Recent news shows the UN, EU, IMF, Russia and numerous countries/institutions supporting the resumption of business in the country.


MD&A Highlights From Q3 2017


AXMIN is a publicly listed corporation with its shares trading on the TSX Venture Exchange (“TSXV”) under the symbol AXM. The Company is an international mineral exploration and development company with a strong focus on the African continent. AXMIN, through its wholly-owned subsidiaries, has exploration projects in the Central African Republic (“CAR”) and Senegal. The Company’s primary asset is the Passendro gold project situated in the CAR. Due to escalating interreligious conflicts in the CAR, all in-country operations other than administrative functions, carried out in the capital city of Bangui, have been suspended.


With regarding of Axmin owned 20% interest in the Sounkouko and Heremokono explorations permits, on June 18, 2015, in addition to its royalty interest of 1.5% NSR in the Gora Target Area, AXMIN has elected to convert its 20% interests in another 15 Target Areas into a 1.5% NSR from each Target Area. On January 12, 2016, AXMIN elected to convert its 20% interest in one new Target area into a 1.5% NSR. After these Royalty Elections, AXMIN holds a 1.5% NSR on 17 Royalty Target Areas (being Target Areas have been made Royalty Election on) in total and maintains 20% interests of Remainder Areas within the Senegal permits. Axmin’s royalty rights are intended to continue and survive the Joint Venture Agreement and remain tied to the permits themselves, irrespective of title holder. Since August 2015, Axmin Inc. started to generate the 1.5-per-cent net-smelter-return royalty’s income from the Gora deposit. The total royalty income for the nine months ended September 30, 2017 was $970,855 (2016 - $855,098). The royalty is applied to the production of gold from the Gora deposit, located in the Senegal Republic. The Gora deposit is operated by Axmin's joint venture partner, Sabodala Mining Company SARL, a wholly owned subsidiary of Teranga Gold Corp.


Central African Republic – Passendro Gold Project


The Company’s primary asset is the Passendro gold project, which is situated in the centre of a 25-year Mining License (355 sq km) that was awarded to AXMIN in August 2010. At the same time, the Company was also awarded two, three-year renewable Exploration Licenses, Bambari 1 and 2 (1,240 sq km), which ring fence the Mining License and cover a 90 km strike along the highly prospective Bambari greenstone belt.


On December 24, 2012, the Company officially notified the CAR Minister of Mines and Defence of the existence of a state of Force Majeure due to the escalating rebel activity in the country and the necessity to withdraw its field operations. Since that time, AXMIN has not had access to its Passendro project. The Mining Convention of 2006 and the addendum thereto concluded in August 2010 provide the Company with full protection under the circumstances and, in the event that there is a change of Government in the CAR, the existence of Force Majeure stays work related obligations. It is these circumstances that have caused the Company to suspend all Passendro based operations as well as negotiations with prospective lenders. Prior to the Force Majeure, the Company was working towards securing financing to develop the Passendro gold project into CAR’s first modern gold mine. The following is a brief summary of the status at Passendro gold project as at December 2012. A full description of the Passendro gold project can be found in the Company’s audited financial statements for 2014 and 2013, its June 2012 Annual Information Form, the 2011 Bankable Feasibility Study Optimization & Update and its 2009 Mineral Resource Estimate prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). All reports can be accessed under the Company’s profile on the SEDAR website at www.sedar.com.


On November 28, 2016, the Minister of Mines, Energy and Hydraulics of the CAR issued Ministerial Order No 245/16/MMEH/DIRCAB/DGMD, giving an Exemption Certificate of one (1) year to start the development and pre-production work at the Passendro Gold Project to SOMIO Toungou SA, a wholly-owned subsidiary of the Company. The period of the Exemption is valid within duration of one (1) year starting from November 28, 2016 to November 27, 2017. Also on November 28, 2016, the Minister of Mines, Energy and Hydraulics of the CAR issued the Ministerial Order No 246/16/MMEH/DIRCAB/DGMD, giving an Exemption Certificate of one (1) year for exploration and research of the primary layer of gold and others related to substances of Licenses of BAMBARI 1 and 2 to Aurafrique SARL, a wholly-owned subsidiary of the Company. The period of the Exemption is valid within duration of one year from November 28, 2016 to November 27, 2017. In 2016, the Company incurred $1,000,000 for the extension of the licenses of BAMBARI 1 and 2, which is included in accounts payable and accrued liabilities in consolidated statements of financial position as of September 30, 2017. As of the date of this report, operations at Passendro remain suspended and although the Company continues to maintain a presence in the CAR (through its administrative office and permanently stationed employees in Bangui) and relationship with the State in the CAR, the Company is unable to predict when it will be able to resume its operations at Passendro for the foreseeable future, if at all. As a result, impairment in the amount of $37,346,576 was recognized at December 31, 2013 on exploration and evaluation (“E&E”) assets for the Bambari properties to reflect the decrease in their recoverable value as of result of the current unstable situation in CAR. As at September 30, 2017, given that impairment was recognized and the unstable condition remains the same, the residual value of E&E assets for the Passendro gold project was written down to $nil. This impairment recognized in the financial statements does not in any way mean that the Company is relinquishing its rights to the assets and it reflects the utmost conservative view by management on the objective circumstances and will be reviewed annually and subject to recovery when certain conditions are met pursuant to the accounting standards the Company has adopted.


Senegal Joint Venture


On February 28, 2012, AXMIN and its joint venture partner and manager, Sabodala Mining Company SARL (“SMC”), a whollyowned subsidiary of Teranga Gold Corporation (“Teranga”) amended its 2008 joint venture agreement. At the time, Teranga had earned an 80% interest in the Sounkounkou, Heremokono and Sabodala NW explorations licenses (the “Project”) located in the Birimian belt of eastern Senegal, by spending US$6 million on exploration. AXMIN has retained a 20% interest in the Project. The amended joint venture and royalty agreement (the “Agreement”) supersedes and replaces the original joint venture agreement. Under the terms of the Agreement, AXMIN had a free-carried interest of $2.5 million, with respect to the Project work costs starting from October 1, 2011, after which both parties are to jointly fund the Project work costs on a pro-rata basis. As of September 30, 2017, the free-carried interest balance was $nil.


The 2012 Agreement with SMC includes, among other things, the following terms: (a) both parties agree that their respective interests (Teranga–80% and AXMIN–20%) in the Project are divided into Target Areas (being areas subject to exploration) and Remainder Areas (areas not yet subject to exploration); and (b) that both parties will retain all respective interests in all of these areas, until an election is made by AXMIN to convert its 20% interest in a Target Area into a 1.5% NSR or Royalty Interest (“Royalty Election”). After AXMIN has made a Royalty Election with respect to the Target Area, SMC will solely fund all finance work costs for each of the Royalty Interests.


On June 18, 2015, in addition to its royalty interest of 1.5% NSR in the Gora Target Area, AXMIN has elected to convert its 20% interests in another 15 Target Areas into a 1.5% NSR from each Target Area. On January 12, 2016, AXMIN elected to convert its 20% interest in one new Target area into a 1.5% NSR. After this Royalty Election, AXMIN holds a 1.5% NSR on 17 Royalty Target Areas (being Target Areas have been made Royalty Election on) in total and maintains 20% interests of Remainder Areas within the Senegal permits. The free carried interest of US$2.5 million granted to AXMIN under the Agreement has been depleted on account of its 20% Participation Interest in respect of all Participation Target Areas (being areas subject to exploration and both parties remain their respective interests (Teranga – 80% and AXMIN – 20%)). No further participation contribution needs to be made by AXMIN beyond this $2.5 million free carried interest with respect to the Participation Target Areas where a Royalty Election has been made. Full details of the exploration programs at the Senegal JV can be found on the Teranga website at www.terangagold.com.


Canadian Small Caps

 
Canadian Small Caps

CLICK HERE to view the presentations from the Spring 2016 Small-Cap Conferences.

We are pleased to publish the PowerPoint presentations from The Small-Cap Conferences that were held in Calgary on March 30, 2016 and in Vancouver on May 3, 2016.

We encourage investors to review the presentations and contact the companies with any further questions.

www.smallcapconference.ca/presentations.php
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