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By mrduediligence

Posted: Monday Jun 17 8:14:36AM 2019

University Research Report Shows Positive Impact Of China-CAR Relations (Released June 2019)

*Please note that Axmin is majority owned and directed by a Chinese business team, hence the purpose of posting this report*

https://www.scirp.org/journal/PaperInformation.aspx?PaperID=92850

Note: This is a very long research report and only the briefing is posted. 

In this article, we highlight people’<span "="">s appreciation of the positive impact of South-South relations. This study is based on data collected from a survey conducted in 2018 with 624 people. Through this study, we study how the actions led by China in the field of natural resources in CAR have impacted in the country and on local people. We note that the presence of a foreign power in the field of natural resources is conditioned by the achievement of certain actions in quite diverse fields. Also, no results indicate that China has conducted many actions in CAR that have had a positive impact on the sample. Through this study, we show the importance of diversifying part- <span "="">nerships through South-South relations. We found that China does not condition its interventions by political or social requirements. China’s relations with CAR, as with all other African countries, are based on the principle of win-win cooperation. Beyond France and China, this article concerns others states wishing to invest in the Central African Republic (also in all Africa countries). It invites them to adopt the principle of mutually beneficial cooperation in the development of a poor country.

Example of successful mining deal:

In 2017, the Central African Government and the Chinese company ThienPaoSarl signed a contract for five mining exploration permits mentioned above. This contract involved the exploitation of natural resources in western CAR (Krock, 2017). The Chinese company DEWEY has planned to rehabilitate school and administrative buildings, as well as the construction of new roads and a health center (Mbaye, 2017). DEWY operates in a semi-mechanized manner, the mineral resources (diamonds and gold) in the sub-prefecture of Gadzi (southwest), on the Lobaye River in the region between Boda and Carnot. We have seen a huge influx of Chinese investors in CAR for the exploitation of natural resources these last times

 


By mrduediligence

Posted: Friday Jun 14 8:37:35AM 2019

Central African Republic - Rebels Complete Disarmament
https://allafrica.com/stories/201906110707.html

The Revolution Justice was one of the 14 signatories of the February 5, 2019 Khartoum, Sudan peace accord with the government.

In spite of the difficult security situation in the Central African Republic, CAR, which last month saw the massacre in Paoua of 30 civilians by 3R rebels, progress is being made in restoring peace. Some 14 armed groups on February 5, 2019 in the Sudanese capital, Khartoum, reached a peace deal with the government of President Faustin-Archange Touadéra. Agency reports say the RévolutionJustice, RJ rebel movement of Armel Ningatouloum Sayo, which operated in the far north-west and west of the country, last week completed the disarmament of its combatants.

"There are no more RJ fighters in the localities we visited," noted Captain Guy-Sylvain Goné, head of the disarmament and demobilization mission that visited the area. He added that the last fighter to hand in his weapon was Luther Bétoumbam, Chief of Staff of the defunct RJ rebel movement. Révolution-Justice leader, Armel Ningatouloum Sayo, was one of the re presentatives of 14 armed groups who signed the peace agreement with government last February. He was later appointed High Commissioner in charge of National Pioneer Youth, with rank of a cabinet minister.

All disarmed combatants have two choices - join the military or learn a trade and be reintegrated into society. Meanwhile, Mankeur Ndiaye, the Special Representative and head of the UN Multidimensional Integrated Stabilization Mission in the Central African Republic, MINUSCA, will on June 15, 2019 brief the United Nations Security Council on the SecretaryGeneral's MINUSCA report. The Chair of the Peace-building Commission's Central African Republic configuration, Ambassador Omar Hilale of Morocco, may also brief the Council. MINUSCA's mandate expires on November 15, 2019.


By mrduediligence

Posted: Monday Jun 3 10:41:01PM 2019

World Bank Provides $100 Million for the LONDO Project in the Central African Republic

https://reliefweb.int/report/central-african-republic/world-bank-provides-100-million-londo-project-central-african

World Bank Provides $100 Million for the LONDO Project in the Central African Republic

WASHINGTON, May 30, 2019 - The World Bank Board of Executive Directors today approved a $100 million grant from the International Development Association (IDA)* for the LONDO project in the Central African Republic (CAR).

This additional financing will provide temporary employment to vulnerable persons and facilitate access to basic services nationwide. Known as “LONDO+,” this financing will help triple the number of labor-intensive public works beneficiaries, providing close to 5 million paid work days in the country.

“While it will take time for the formal private sector to establish itself across the entire country, the project will continue to fill an important gap by providing temporary jobs in all of the CAR’s districts, including the most remote areas. It will also provide access to basic services, especially in isolated areas where neither humanitarian nor development actors operate,” says Jean-Christophe Carret, World Bank Country Director for the Central African Republic.

LONDO+ will directly support implementation of the peace agreement signed in Bangui on February 6, 2019. Under this agreement, development projects will provide basic socioeconomic infrastructure, jobs, and labor-intensive public works programs. LONDO+ has five components: (i) local governance; (ii) public infrastructure; (iii) socioeconomic integration; (iv) project management; and (v) contingency emergency response.

Sophie Grumelard, World Bank Senior Social Protection Specialist and Task Team Leader for the project, explains that “the project will gradually promote a bottom-up approach to development to allow communities to articulate their needs to the central government through the local authorities that will represent and defend their interests. It will increase the Government’s logistical and technical capacity and agility to respond to crises in provinces with extremely poor and vulnerable communities.”

The new closing date for the LONDO project is July 30, 2024.

*The World Bank’s International Development Association (IDA), established in 1960, helps the world’s poorest countries by providing grants and zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people’s lives. IDA is one of the largest sources of assistance for the world’s 75 poorest countries, 39 of which are in Africa. Resources from IDA bring positive change to 1.5 billion people. Since its inception, IDA has supported development work in 113 countries. Annual commitments have averaged around $18 billion over the past three years, with about 54 percent going to Africa.


By mrduediligence

Posted: Thursday May 30 7:55:31AM 2019

AXMIN Announces Financial Results for the Three Months Ending March 31, 2019 and Recent Operational Highlights

 
2019-05-30 08:04 MT - News Release

 

Vancouver, British Columbia--(Newsfile Corp. - May 30, 2019) - AXMIN Inc.(TSXV: AXM) ("AXMIN" or the "Company") AXMIN releases highlights from its un-audited interim Financial Report for the quarter ended March 31, 2019. All amounts included in this news release are in United States dollars.

Financial Results:

During the three months ended March 31, 2019, the Company realized royalty income of $494,411 from the Gora Project, compared with $490,551 for the same time period of 2018.
The net income was $322,505 compared to $373,527 in the same period of 2018.
Liquidity and Capital Resources:

As at March 31, 2019 the Company had cash on deposit in the amount of $1,190,421, accounts and other receivables of $506,627, and prepaid expenses of $9,978. Royalty income receivable of $494,411 has been received subsequent to the period ended March 31, 2019.
As at March 31, 2019, the Company had working capital of $1,283,718 compared to a working capital of $935,823 as at December 31, 2018. The change in working capital reflects a higher balance of cash and a lower balance of accounts payable and accrued liabilities.
Operational Highlights:

On January 14, 2019 AXMIN released an update for 2019 providing a road map for development of the Company during this year with the main focus being to become operational again in the CAR. This announcement highlighted the deployment of the CAR armed forces (FACA) in Bambari and surrounding areas. The Company also stated it would when appropriate appoint additional senior staff and commence a process to select a strategic partner or partners to assist with the development of the Passendro asset.

On April 10, 2019 AXMIN announced the appointment of Mr. Lifei Jiang as CEO of Somio Toungou S.A and CEO of Aurafrique SARL in Central African Republic and Mr. Jean Qian as Board Secretary and CEO Assistant of Axmin Inc.

Subsequent to the appointment of Mr Jiang, the Company has prepared and presented a Site Recovery and initial project plan to the Executive and to the Ministry of Mines in the CAR. Axmin is working directly with the Government to return to work at Passendro imminently. The Company is fully prepared to recommence activities immediately as soon as the Government of the CAR is confident of the security solution that is being put in place at this time.

On May 6, 2019 AXMIN announced that it has commenced the formal process for the selection of a strategic partner or partners for the development of the Passendro asset in the CAR as the company had clarity on its return to operations in the CAR. The Company is pleased to announce that this process is proceeding well.

On May 20, 2019 the Government of the CAR announced that it had successfully established a FACA military base at Kaga Bandoro without violence after an absence of 5 years from this area. The Company is delighted with this development as it should provide a key strategic base to establish security in the Bambari, Djiboussi, Katsia and Ndassima corridor in which the Passendro asset is located.

Commenting on the quarterly results, Ms. Lucy Yan AXMIN's chairman, said:

The Company is very pleased with the progress made by the Government of the CAR toward a lasting peace and a security solution for the area of our mining asset, the Passendro deposit.

We are also delighted to be on course as per our January guidance as to our expectations for 2019. The Company has met the key milestones we anticipated and once back on site we will commence the site survey and development of a phased rapid production plan with a strategic partner or partners. Given the deployment of FACA at Kaga Bandoro, we expect this return to site will be imminent.

We seek Safe Harbor.

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. Please follow us on Facebook https://www.facebook.com/axmininc.


By mrduediligence

Posted: Thursday May 30 7:07:56AM 2019

Cooperation Between CAR & Chinese Officials For Mining 

https://mines.gouv.cf/mission/90/cooperation-centrafricano-chinoise

Wed 17/04/2019 - 12:00
The Minister in charge of Mines and Geology, Leopold MBOLI FATRAN conferred on 17 April in Bangui with the Vice Governor of the Chinese Province of FUJIAN on a working visit of a few days in the Central African Republic.

The Vice-Governor of FUJIAN Province, Mr. Li-DEJIN, at the head of a strong delegation exchanged with the member of the Government on the issues of economic cooperation and investment in the field of mining and geology. 
This visit, which is part of a friendly and cooperative relationship, further strengthens ties between China and the Central African Republic. This relates to the exploration and exploitation of Mineral Resources. A visit of the officials of the Department in the Chinese province is planned for the coming months. It should also be noted that young Central African graduates have just left for China for a two-year period as part of a Master's degree course in Petroleum Project Management.


By mrduediligence

Posted: Monday May 20 8:07:34AM 2019

Axmin Inc updates on Facebook are very positive regarding the Central African Republic

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

FACA(CAR forces) have entered an area north of where Axmin's gold deposit is for the first time in 5 years, as stated by the CAR government facebook page. This means it's highly likely that they have secured the Ndassima region or at the very least will be headed there shortly. 


By mrduediligence

Posted: Saturday May 18 10:51:31AM 2019

Central African Republic: Ten armed groups provide list of their members for the peace process


http://french.xinhuanet.com/afrique/2019-05/18/c_138068934.htm


BANGUI, May 17 (Xinhua) - Three months after the signing of a peace agreement between the Central African State and the 14 armed groups active on the territory, ten of them have handed the list of their members on Friday. likely to be eligible for the peace process in the Central African Republic (CAR), found on Friday in Bangui a Xinhua correspondent.

This took place at the 17th Ordinary Session of the Advisory and Follow-up Committee of the National Program for Disarmament, Demobilization, Reintegration and Repatriation (DDRR).

From now on, almost a thousand ex-combatants are on the list of eligible candidates for the DDRR program, either by integrating the Central African Armed Forces (FACA) or by choosing a socio-economic activity for which they will have to be trained and then provided. in installation kits in the field of their choice.

In a response to the press, DDRR Minister Noël-Bienvenu Sélesson said lists of members of armed groups are essential for planning DDRR activities. The latter were officially launched by Central African President Faustin-Archange Touadéra from the Central African city of Paoua (extreme north-west) last December.

Mr. Sélesson also added that the lists are necessary for the constitution of the special mixed security units (USMS), recommended by the peace agreement and to regroup the regular forces that are the FACA, the policemen and gendarmes, as well as some ex-combatants rebel groups.


By mrduediligence

Posted: Monday May 6 9:45:03PM 2019

Axmin Inc. Performance Chart From 2007 To 2019


By mrduediligence

Posted: Monday May 6 6:03:31AM 2019

Axmin begins formal process to choose Passendro partner

 
2019-05-06 05:50 MT - News Release

 

Ms. Lucy Yan reports

AXMIN ANNOUNCES COMMENCEMENT OF A PROCESS TO SELECT A STRATEGIC PARTNER

Axmin Inc. is commencing a formal process for the selection of a strategic partner (or partners).

With the improving security and stability in the Central African Republic (CAR), AXMIN is now moving forward into a selection process for the development of the Passendro asset.

Potential Strategic Partners should:Be large multinational corporations that have experience with large scale construction, mining and infrastructure development in Africa.Be capable of dealing with in country logistics and liaising with various security services.Have an established track record of delivering projects on time and on budget.Enjoy an impeccable record for health, safety and environmental protection. Be sensitive to AXMIN's strict focus and adherence to Corporate Social Responsibility.

Commenting on the commencement of the formal process, Ms. Lucy Yan AXMIN's chairman, said:

'We are delighted to now commence the formal selection process for a Strategic Partner or more broadly a team of Strategic Partners. As we have communicated before, AXMIN is already in discussions with several potential candidates; but as we now have clarity on returning to work on our asset in the CAR, it is appropriate to broaden this process and facilitate an open playing field for this development opportunity.'

Interested parties should contact AXMIN's CFO, Mr. David Weill at david@axmininc.com to progress the requisite documentation for access to the Company's online dataroom and be included in the process.

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 a producer. For more information regarding AXMIN visit our website at www.axmininc.com. Please follow us on Facebook https://www.facebook.com/axmininc.

We seek Safe Harbor.


By mrduediligence

Posted: Saturday May 4 7:11:25AM 2019

IMF Staff Completes Mission to the Central African Republic
https://www.imf.org/en/News/Articles/2019/05/03/pr19141-central-african-republic-imf-staff-completes-mission

IMF Staff Completes Mission to the Central African Republic
May 3, 2019

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. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision.
The recent peace agreement is a unique opportunity to improve the Central African Republic’s (C.A.R.) security and create the conditions for sustained and inclusive growth, poverty reduction, and job creation.
Good progress was made in discussions with the authorities on economic and financial policies that could support completion of the sixth and final program review.
C.A.R.’s macroeconomic performance remains favorable with increasing economic growth and contained inflation.
An International Monetary Fund (IMF) team, led by Mr. Édouard Martin, visited Bangui from April 24 through May 3, 2019 to conduct discussions for the sixth and final review of the Central African Republic’s economic reform program supported by an Extended Credit Facility (ECF). The team met with President Touadéra, President of the National Assembly Ngon-Baba, Minister of Finance Dondra, Minister of Economy Moloua, National Director of the BEAC Chaibou, and other senior government officials. The team also met with parliamentarians and representatives of the business and donor communities.

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

“The peace agreement signed on February 6, 2019 by the government and representatives of 14 armed groups represents a unique opportunity to improve the Central African Republic’s (C.A.R.) security situation and create the conditions for sustained and inclusive growth, poverty reduction, and job creation.

“C.A.R.’s macroeconomic performance remains favorable. Economic growth is estimated at around 4 percent in 2018 and is projected to reach 4½ percent in 2019. Inflation was subdued at 1.6 percent in 2018 and is expected to remain contained. The current account deficit (excluding grants) would decline from about 12 percent in 2018 to around 11 percent in 2019. The banking sector remains well capitalized and liquid, with the share of 
non-performing loans decreasing significantly thanks to the repayment of commercial arrears by the government. Risks to the outlook remain significant, relating on the downside to the volatile security environment and rising oil prices and on the upside to the implementation of the peace agreement.

“The implementation of the ECF-supported program—which will expire on July 19, 2019, as initially envisaged—is broadly on track. Program performance at end-December 2018 is satisfactory overall: all quantitative performance criteria were met, except for the domestic primary deficit, reflecting higher-than-expected current spending, and the repayment of domestic arrears, which was slightly delayed. Domestic revenue in the first quarter of 2019 was lower than expected, owing mainly to the forced closure in March of the main road from Cameroon and delays in the transfer on budget of the parafiscal taxes collected by public agencies. Most structural reforms have also been implemented, except for the elimination of parafiscal taxes without economic justification, which will require more time than initially estimated, and the submission to parliament of the draft law on public agencies, expected in the coming days.

“The Central African authorities and the IMF team made good progress in discussions on a set of economic and financial policies needed for the completion of the sixth and final review under the ECF. Discussions focused on the parameters of a revised budget for 2019—to be submitted to parliament before mid-June—with a view to optimize the use of the additional budget support provided by international partners to help sustainably meet the new priority spending needs generated by the peace agreement. Additional measures to improve and sustain revenue mobilization—including strengthening imports and export valuation—are also key to meeting these needs.

“The team urged the authorities to accelerate the integration of parafiscal taxes in the treasury single account and the implementation of the planed elimination of taxes and fees with no economic justification to support private sector development. The authorities are also encouraged to continue the strengthening of public expenditure management, to promote transparency and good governance. The authorities requested an IMF governance diagnostic mission and confirmed their commitment to limit borrowing—including concessional loans—to safeguard debt sustainability.

“The team thanks the authorities for their warm hospitality, cooperation, and constructive discussions."

IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: GEDIMINAS VILKAS

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


By mrduediligence

Posted: Friday May 3 6:41:55AM 2019

AXM Receives $500,000 USD Payment From TGZ.T For Q1 2019 Royalty (From TGZ results today)

TGZ Financials Page 9: Includes royalties to Axmin Inc. on account of their 1.5 percent net smelter royalty on the Gora deposit. During the three months ended March 31, 2019, the Company incurred $0.5 million of Axmin royalties (2018: $0.5 million).


By mrduediligence

Posted: Monday Apr 29 6:16:51AM 2019

Chairman Lucy Yan Provides AXMIN's Year End 2018 Financial Results
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") AXMIN releases highlights from its Annual Report for the year ended December 31, 2018, which has been filed on SEDAR (amounts are in U.S. dollars).

2018 highlights

Financial:

Revenue of $1.5 million (2017: $1.6 million);
Net Income of $1.5 million (2017: $1.2 million);
Shareholder Equity $0.9 million (2017: deficit $1.2 million)
Cash balance of $1.0 million (2017: $1.1 million);
Operational:

Senegal with Teranga Gold Corporation (Teranga)

NSR royalty from Teranga for the Gora Deposit was largely unchanged at $1.5 million from $1.6 million the previous year.
Work at Gora is now completed, but as of December 2018 there was remaining ore in stockpile to be processed by Teranga.
AXMIN holds an additional 16 properties in conjunction with Teranga subject to future development with no further capital participation contribution required from AXMIN.
AXMIN staff are in discussions with Teranga regarding progress on developing other properties in which AXMIN has an interest.
The Central African Republic (CAR)

AXMIN is delighted with the progress made in the Central African Republic to establish a lasting peace that will bring stability and development to the country. The Company is looking forward to being back on site and working at its Passendro gold asset near Ndassima in the near future.
AXMIN has appointed Mr Lifei Jiang as CEO of the two subsidiary companies of AXMIN in the CAR in preparation for our imminent return to operations. Mr Jiang benefits from a great deal of experience in mining and construction projects in Africa. He has worked for and with large Chinese state-owned enterprises and is very familiar with the laws and regulations in our jurisdiction.
Commenting on the annual results, Ms. Lucy Yan AXMIN's chairman, said:

"During the past year AXMIN has made excellent progress on many fronts. Internally, we have resolved a long-standing account payable and now benefit from a clean balance sheet with positive Shareholder Equity. We are pleased with the revenue we have received from the Gora deposit in conjunction with Teranga and look forward to future target properties being developed.

"In the CAR, we have seen positive steps taken by all of the stakeholders in the CAR with active support from international organizations such as the African Union and the United Nations as well as the neighboring countries to the CAR. We look forward to a continuation of this trend and a security solution to be implemented in Ndassima.

"In my report in January, I presented the way forward for AXMIN in 2019 building on the strong results in 2018. I am happy to confirm that we are on track to deliver the key milestones highlighted in my report. The appointment of Mr Jiang as CEO of Somio Toungou S.A and of Aurafrique SARL is a key development that will enable our successful development of the Passendro gold asset. We have also already identified and commenced dialog with several potential strategic partners to assist with developing our assets before even commencing the formal selection process.

"Also, as I stated in my January report the Company will be more communicative with the market going forward. AXMIN looks forward to updating its shareholders and the financial markets as a whole with operational developments in the CAR in the near future."

This press release should be read in conjunction with the Company's audited annual report and accounts for the year ended December 31, 2018, together with its annual information form and management's discussion and analysis for the year ended December 31, 2018, all of which are available from the Company's website and on SEDAR.

We seek Safe Harbor.

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. Please follow us on Facebook https://www.facebook.com/axmininc.

This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact included herein, including without limitation, statements regarding future plans and objectives of AXMIN; and statements regarding the ability to develop and achieve production at Passendro are forward-looking statements that involve various risks and uncertainties.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from AXMIN's expectations have been disclosed under the heading "Risk Factors" and elsewhere in AXMIN's documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities. AXMIN disclaims any intention or obligation to update or revise any forward-looking statements whether resulting from new information, future events or otherwise, except as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Lucy Yan
CEO and Chairman
ceo@axmininc.com

General Enquiries

David de Jongh Weill
Chief Financial Officer and Corporate Secretary
david@axmininc.com
+65 9781 8281

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


By mrduediligence

Posted: Thursday Apr 25 4:16:09PM 2019

April 25th 2019 - China, Central African Republic vow to deepen cooperation

http://www.xinhuanet.com/english/2019-04/26/c_138010216.htm

BANGUI, April 25 (Xinhua) -- Zheng Jianbang, vice chairperson of the National Committee of the Chinese People's Political Consultative Conference, and Faustin-Archange Touadera, president of the Central African Republic (CAR), vowed on Wednesday in Bangui to deepen cooperation.

Zheng conveyed warm greetings and good wishes from Chinese President Xi Jinping to Touadera. The relationship between China and the CAR has been progressing smoothly, the mutual political trust has been strengthening, and pragmatic cooperation in areas such as economy and trade, and exchanges between people on various levels are moving forward in an orderly fashion, Zheng said.

Zheng reiterated China's commitment to supporting CAR's peace process and its nation building. He said that China is willing to deepen relations of friendly cooperation with the CAR amid efforts to implement the important consensus reached by the two heads of state and the outcomes of the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), so as to bring more benefits to the people of both countries.

For his part, Touadera asked Zheng to convey his sincere greetings and good wishes to President Xi. He said the CAR will, like before, resolutely adhere to the one-China policy, and is willing to work with China to consolidate the friendship and cooperation between the two countries.

On the same day, Zheng also met with Laurent Ngon-Baba, speaker of the National Assembly of the CAR, and Firmin Ngrebada, CAR's prime minister.


By mrduediligence

Posted: Tuesday Apr 23 6:19:23AM 2019

Central African Republic: The FPRC welcomes the evolution of the implementation of the Khartoum agreement.

By Press Release (CP) -Posted on April 22, 2019, 3:19

https://corbeaunews-centrafrique.com/centrafrique-le-fprc-salue-levolution-de-la-mise-en-oeuvre-de-laccord-de-khartoum/?fbclid=IwAR2-vQ7Ha1NX-X6kbs7Hk9auvcij322XhoHKG5zNS2uzI8NRInfphNWGczU

Note: typo in article showing 2014 when this agreement was signed in 2019, see article date below.

PRESS RELEASE
The General Coordination of the FPRC applauds the significant advances of the Khartoum peace agreement signed on February 6th, 2014 in Bangui, symbolized by recent salutary and saving visits of our peace allies.

The FPRC calls on all Central African compatriots to be restrained and calm, to put their country and differences a posteriori, to admit political failures and to appropriate the agreement as a tool for reform.

The FPRC regrets negative actions under the pretext of foolishness and notes the lack of patriotic love and civility of some compatriots.

The FPRC calls on the Government and our peace partners to urgently put in place the National Implementation and Monitoring Committee of the Peace Agreement to guarantee the agreement.

The FPRC calls all Central African citizens to respect the institutions and the laws of the Republic because the time is not the challenge of these institutions but the reconstruction. Let's build a country and not a profit.

The FPRC asks all Central Africans to unite around the Central African Peace Coalition led by President TOADERA and his Government to take the trouble, to double their courage and vigilance to achieve the long-awaited wonder, the rebirth of the Central African Republic worthy and prosperous.

Done at Ndele on 22nd April 2019


By mrduediligence

Posted: Friday Apr 19 7:54:34AM 2019

April 18th 2019 Article About Ndassima Gold Area In CAR

http://ndjonisango.com/developpement/rca-enquete-speciale-sur-les-mines-dor-de-ndachima-pres-de-bambari/
 
Bangui April 18, 2019- (Ndjoni Sango): The Central African Republic is very rich in natural resources: diamonds, gold, wood, oil, uranium among others, a very fertile land. So why is the poverty rate so high in this country of about 5 million people? It is, unconditionally, linked to two important facts: the war that was unfolding in the country constantly, and the complete absence of control over the treatment of natural resources by the government. And if the first question is being solved, especially thanks to the support of the partners, finally the territories of the country become united and secure. The second question has no solution yet.

If the government takes control of the resources available to CAR, the profit gained could enrich the country's treasury and can be used for road construction, supply and construction of hospitals, and equipment for the army.

There is a lot of talk about some mines deposits. For example, some say that it was the foreigners who occupied the mining activities, others say that these mines are abandoned at the mercy of traffickers. To understand the situation, we went to one of the best-known gold mines in the village of Krandja, Ndassima near Bambari in the central Ouaka prefecture.

The first destination on our way was Bambari, a town named after a warrior, but infamous for the fights that often took place.

Arriving at Bambari, we saw a cafe that was open, a market that was caught by commerce and the peaceful neighborhood of Christians and Muslims. The atmosphere was very friendly. When people knew we were a journalist, there were many who wanted to talk to us and share their stories about local life.

Bambari, which is at the crossroads of several commercial axes, often becomes a battlefield. Fortunately, all this is now the past. Having spent a few days in Bambari, we listened to music from the cafe, bars and bars that are not far from the hotel, not the sounds of gunfire and sirens. After the signing of the agreements in Khartoum the region regained stability and calm, this is confirmed by the FACA patrols that are not far from the city.

Early in the morning we went to Krandja to Ndachima about sixty Bambari, on a motorcycle taxi that we rented. The road to Krandja is calm, but it is broken and very tight. It is restored and expanded in many places. We really want this to happen all over the country, because safe and secure roads could not only guarantee a comfortable and fast move, but, for example, give the opportunity to lead a regular national football championship, why not?

Having arrived at the mine, we interviewed Jean Narcisse Kossi Kouzou , Deputy Mayor of the Municipality of Dibissi in Ndassima and manager of the Krandja mine. He told us about what's going on in the mine.

" We work together here. There is the craftsman and the worker. The craftsman hires the workers he takes care of on a daily basis. It's since 2012. It's been 7 years now that I'm working on the Krandja mine site. We do the work with the hand. We do not have the means to work. We do not have an industrial machine. It is with the hand that we work. We work from 8am to 12am. After eating, we return to the site to work at 13:30 and we finish at 15h to return to the village. Because the village is 5 km from the site, there at the junction "

Ndjoni Sango: Since you've been working on this mining site, are there expatriates or westerners who come here to work too or buy the diamonds at your place?

" No no no. Only Central Africans working here, no white no strangers. I assure you that it is only Central Africans who work on the site, who buy and sell here. There is no white coming here to buy the diamond.

Ndjoni Sango: Since you are on this site, what problem do you often encounter with the workers? Do you work freely and with safety or?

"For safety, it's okay. There is no problem, there is no aggression.

Ndjoni Sango: After the signing of the Khartoum peace accord signed by the government and the armed groups, how do you see this agreement and the return of peace in CAR?

"I who speak to you, I am a Christian. I manage everything that works here. There are many Muslims working on the construction site that I manage. There is no problem between us »
Ndjoni Sango: There is peace and social cohesion, you say. And how are you going to capitalize peace efforts in your locality?

" Very well. Well, we have to progress like this. Even those who moved there, the com-zone told us to write them to go back to their homes. There is no distinction between Christians and Muslims ".

And it's true, at our table was sitting Christians and Muslims and we were all at the table like brothers, everything was very nice and friendly. After the signing of the Khartoum Accords, representatives of the UPC arrived and they shared ideas about peace and social cohesion, as well as the details of the agreement itself. Of course these ideas were highly appreciated and became a life principle.

By doing the hand work, without the use of machines, people get together even more, are always ready to give each other a hand.

When we returned, we stopped at Ndassima, where we also discussed with the locals and the workers of the mine. You will read these interviews in the coming days.


By mrduediligence

Posted: Wednesday Apr 17 7:48:16AM 2019

Peace: Major working meeting at the Primature

https://www.centrafrique-presse.info/article/12976/paix-grande-reunion-de-travail-a-la-primature

Translated to English:

Prime Minister Firmin Ngrébada chaired this Tuesday, April 16, 2019, a large meeting bringing together the UN Deputy Secretary General Jean-Pierre Lacroix, the AU Commissioner for Peace and Security Smail Chergui , the Director General- Africa of the European Union's External Action Service Koen Vervaeke , Minusca Chief Mankeur Ndiaye , AU Ambassador to the Central African Republic and EU Ambassador Samuella Isopi . The meeting is part of the focus of the field visit to Bambari and Bangassou and the preparation of the big meeting of the international support group.

It is at least a success after the signing of the peace agreement that allowed the country to start a new step forward for its recovery. Prime Minister Firmin Ngrébada, who is a formidable actor in the signing of this agreement, is keen on its implementation, which, together with the joint Government-international partners mission mentioned above, a field visit was made on April 15 to Bambari and Bangassou in order to pinpoint the reality of the significant advances recorded after the signing of this peace agreement and reconciliation.

At the end of this large-scale meeting to finalize this internal displacement, Smail Chergui told the press that: "We see that the implementation of the Peace Agreement is in progress. course and good path. I take this opportunity to reaffirm the availability of the United Nations-African Union-European Union to support in a determined manner this implementation of the agreement and to accompany the government for all efforts for all the actions that are expected on security, recovery and cooperation ".

UN Secretary -General Jean-Pierre Lacroix said that this meeting with the Central African Prime Minister confirms the commitment of the UN and its agencies to make this peace agreement progress in order to allow the population to live in peace. According to him, the finding recorded in Bambari and Bangassou, confirms that there is a clear return to peace and stability in the region. This is to say that everyone has understood that this peace agreement is a unique opportunity for the country to definitively emerge from known crises. The latter promised that the United Nations will always be side by side with the CAR, for which, "the government can count on the UN for multiform support".

It should be noted that this peace agreement is a new page that opens for the country. "This peace agreement is a roadmap, a compass whose partners are committed to its implementation," said Koen Vervaeke of the European Union who stressed that each of the parties to the agreement agreement must take its responsibility and the partners are determined to support the success of this agreement, which Europe has been supporting with the CAR for years with all that it offers in the field of security and development, as evidenced by the projects put in place. implemented.

@PRESSE PRIMATURE

Verbatim statements of the Commissioner for Peace and Security of the African Union (AU), Ambassador Smail Chergui, UN Under-Secretary-General for Peace Operations, Jean-Pierre Lacroix, and Director-General for Africa European External Action Service of the European Union (EU), Koen Vervaeke, following their meeting with the Prime Minister of the Central African Republic, Firmin Ngrebada.

Bangui, April 16, 2019

Ambassador Smail Chergui, AU Commissioner for Peace and Security

We have just had a working session with His Excellency the Prime Minister, following our visit yesterday to the interior of the country, which today allows us to see that the implementation of the Agreement is in progress. It is on the right track and we have taken this opportunity to renew the willingness of the three organizations to support this implementation in a determined manner and to support the Government for all the actions that are expected of it in terms of security, economic recovery and in this exercise, the revival of its relations with neighboring countries. In a nutshell, that's what we did this morning. Thank you.

Jean-Pierre Lacroix, United Nations Under-Secretary-General for Peace Operations

First of all, in a word, I would like to thank His Excellency the Prime Minister for receiving us, Smail Chergui, Koen Vervaeke and the head of MINUSCA, Mankeur Ndiaye. We have had with the Prime Minister an extremely concrete meeting, extremely action-oriented, towards specific points for which we will work together. We reaffirmed the full support of MINUSCA and the full support of the United Nations including agencies, funds and programs to work together to make this Agreement progress and that people in all parts of the country can see the difference quickly. . This meeting followed a field visit yesterday where together with the Prime Minister we went to Bambari and Bangassou. We were able to observe on the spot that the return to peace, the return to stability is advancing in these two prefectures and peace is possible. Everyone must understand that this Agreement is a unique window of opportunity and that this window we must avoid that it closes. On the contrary, we must make sure that it is wide open so that when we come back in a few months, we are already seeing even more substantial progress. So count on our determination and the Central African people, the Central African authorities. The signatories can count on our full support. On the contrary, we must make sure that it is wide open so that when we come back in a few months, we are already seeing even more substantial progress. So count on our determination and the Central African people, the Central African authorities. The signatories can count on our full support. On the contrary, we must make sure that it is wide open so that when we come back in a few months, we are already seeing even more substantial progress. So count on our determination and the Central African people, the Central African authorities. The signatories can count on our full support.

Koen Vervaeke, Africa Director General of the European External Action Service of the EU

Thank you very much on behalf of the European Union with the Peace Agreement. There is a new phase that has opened here in the Central African Republic. The roadmap, the compass for the Central African action but also in support with the partners, is obviously its implementation. The meeting we had this morning with the Prime Minister made clear this Government's determination to implement the various provisions and to ensure that for the Central African people, this agreement makes the difference. There is a new Government that is inclusive, which also includes the armed groups, and so it is an incredible opportunity to move forward. Everyone must take responsibility and we, as partners, are fully committed to supporting its implementation, the implementation of the Agreement. Europe has been with the Central African Republic for years with all we can offer in the field of security, in the political field and in the field of development. We are fully committed to continuing to contribute. A key element of success is the cooperation between the United Nations, the African Union and the European Union, and I believe that our presence together here testifies to this. It also reflects the daily and concrete work here on the ground by our three organizations. Thank you. it is the cooperation between the United Nations, the African Union and the European Union and I believe that our presence together here testifies to this. It also reflects the daily and concrete work here on the ground by our three organizations. Thank you. it is the cooperation between the United Nations, the African Union and the European Union and I believe that our presence together here testifies to this. It also reflects the daily and concrete work here on the ground by our three organizations. Thank you.


Strategic Communication & Public Information Division


MINUSCA HQ, PK4 B. Boganda Avenue
BP: 3338, Bangui, Central African Republic
Mail: publicinformation-minusca@un.org
Website: https://minusca.unmissions.org │
Facebook : https://www.facebook.com/ minusca.unmissions /
Twitter : https://twitter.com/@UN_CAR
Flickr : https://www.flickr.com/photos/unminusca/


By mrduediligence

Posted: Monday Apr 15 11:53:39AM 2019

April 15th 2019: Russia to Send Soldiers to Central African Republic as Part of U.N. Force: Decree

https://www.nytimes.com/reuters/2019/04/15/world/europe/15reuters-africa-russia.html

MOSCOW — Russia will send up to 30 military personnel to Central African Republic as part of a U.N mission to help stabilize the country, according to a decree signed by President Vladimir Putin on Monday.

The decree said the Russian contingent would include military observers, staff officers and military communications specialists.

Moscow has already sent military equipment to CAR and Russian instructors are on the ground helping train the country's armed forces.

(Reporting by Polina Devitt; Editing by Andrew Osborn)


By mrduediligence

Posted: Monday Apr 15 9:47:47AM 2019

African Development Bank approves strategy for Central Africa – “crucial for the economic integration of the region”

https://africandailyvoice.com/en/2019/04/15/african-development-bank-approves-strategy-central-africa-crucial-economic-integration-region/

2019-04-15 Central African Republic, POLITICS

Johannesburg, South Africa (ADV) – The Board of the African Development Bank (AfDB) on Monday approved the Central Africa Regional Integration Strategy Paper 2019 – 2025, adopting the Bank’s multinational operations in Central Africa over the indicated period, African Daily Voice has learnt.

According to a statement issued by AfDB, the Central Africa Regional Integration Strategy Paper (RISP) for 2019 – 2025 builds on the lessons learned from the implementation of previous regional development initiatives. It also lists the Bank’s plans to accelerate intra-regional trade, inclusive economic growth and structural transformation of the Central African region.

“It will guide the Bank’s regional operations in seven member countries of the Economic Community of Central African States (ECCAS), namely Cameroon, Chad, Congo, Equatorial Guinea, Gabon, Democratic Republic of Congo (DRC), and the Central African Republic – a combined population of some 130 million people,” reads a statement Chawki Chahed, Chief Communications Officer, Communication & External Relations Department, African Development Bank.

“The cooperation, integration and economic development goals of the 2019 – 2025 Central Africa regional strategy will be achieved from the basis of two pillars: the first strengthens regional infrastructure (focusing on electricity networks, transport and ICT), while the second supports reforms for intra-regional trade development and cross-border investments and builds the institutional capacity of regional organizations, especially ECCAS and the Economic and Monetary Community of Central Africa (CEMAC).”

Ousmane Dore, Director-General of the Bank’s Central Africa Regional Development and Business Delivery Office said in 2018, the GDP growth rate in Central Africa doubled to 2.2 % from 1.1% in 2017, but remained below the sub-Saharan average of 3.5%.

“The region’s growth was driven primarily by global commodity prices, principally oil. Other countries within the ECCAS region continued to grapple with the vicious circle of instability and fragility, weak human and institutional capacity, and infrastructure deficits in the transport, energy and ICT sectors.

“Central Africa has significant oil resources, deposits of precious metals and minerals, huge transboundary water resources, and the continent’s greatest hydropower potential. Implementation of the Central Africa integration strategy will encourage regional and national authorities to ensure that cross-border programs and initiatives are embedded into public resource planning and administration,” said Dore.

The bank further stated that implementation of the Central Africa RISP will require investments amounting to US$ 4.421 billion, corresponding to 30 regional operations over the seven-year period. About 88% of the planned funding would be devoted to strengthening regional infrastructure. The infrastructure and institutional capacity-building components of the plan will also support the resilience of the countries in the region. Specific operations will also strengthen resilience to food insecurity, enable the socio-economic reintegration of vulnerable groups, and conserve ecosystems in the Congo Basin.

“The African Development Bank’s ongoing support for Central Africa is crucial for the successful economic integration of the countries in the region. The new Regional Integration Strategy Paper continues this tradition of supportive interventions in critical economic sectors. Ultimately, it will be a huge boost to intra-regional trade and a much needed structural transformation of the policy and business environment,” said Moono Mupotola, the Bank’s Director of Regional Development and Regional Integration.

 

The RISP is in conformity with the Bank’s new Regional Integration Strategy Framework (RISF) which was approved in March 2018, and the Ten-Year Strategy of the African Development Bank Group (2013-2022). It also aligns with the regional priorities from ECCAS and CEMAC and the Bank’s High 5priorities


By mrduediligence

Posted: Saturday Apr 13 10:34:19AM 2019

Central African Republic: $ 45 Million from World Bank for Solar Field Construction

https://africandailyvoice.com/2019/04/10/centrafrique-45-millions-dollars-banque-mondiale-construction-champ-solaire/

Bangui, Central African Republic (CAR) - The Central African government and the World Bank signed a $ 45 million multilateral agreement in Washington on April 9 for the construction of a solar field near the capital Bangui.

The Central African government represented by the Ministers of Economy, Planning and Cooperation, Félix Moloua and that of Finance and Budget Henri-Marie Dondra, sealed this agreement in a context where it places the energy issue at the center. of his concerns for this year 2019.

According to the government, with this project, the Central African Republic wants to increase energy capacity by 25 megawatts in order to boost the economy, in line with Pillar 3 of the National Recovery and Peacebuilding Plan (RCPCA). The start of work is scheduled for August 2019.

With a rate of access to electricity that is 4% against an African average of 16%, the Central African government intends to raise this level with several projects. The extension works of the Boali 2 plant have just been launched thanks to the financial support of the African Development Bank for an amount of 23 billion FCFA to have 10 megawat more.

Central African energy will also benefit this year from another 10 megawat that will come from the installation of a thermal power plant with financing from the Saudi fund. This project includes a public lighting component for 14 avenues in the city of Bangui. The executory phase of the work is also planned for the second semester, the contract being already awarded.

"We will continue with the support of our partners to invest heavily in energy infrastructure, very important for our development," said the head of state Faustin Archange Touadera on March 30 on the occasion of his year 3 in power.

Several affluent investors, the Central African Republic after the signing of the peace agreement and Khartoum, is made possible thanks to the support of the Russian Federation, which further strengthens its cooperation with this country friends long abused by the Western powers.


By mrduediligence

Posted: Friday Apr 12 8:26:12AM 2019

US Department of State: Secretary Pompeo’s Meeting With Central African Republic President Faustin Archange Touadera

https://www.stl.news/us-department-of-state-secretary-pompeos-meeting-with-central-african-republic-president-faustin-archange-touadera/272830/

04/11/2019
Marty Smith
No Comments
WASHINGTON (STL.News) – The US Department of State release the following:

The below is attributable to Spokesperson Morgan Ortagus:‎

Secretary Michael R. Pompeo met today with Central African Republic (CAR) President Faustin Archange Touadera in Washington, D.C.  The Secretary affirmed U.S.-CAR relations and underscored strong support for President Touadera’s efforts to bring lasting stability and security to the Central African people by implementing the recently signed peace agreement.  The two leaders exchanged views on a variety of key issues, including institutionalizing democratic reforms, creating a more inclusive and transparent business environment to revitalize the CAR economy, and ensuring justice for victims of war crimes.  President Touadera also expressed his commitment to building an inclusive government and fighting impunity.


By mrduediligence

Posted: Friday Apr 12 6:35:42AM 2019

Central African Republic: Six armed groups sign peace agreement in Bria

Note: This is an important agreement due to the fact that Bria is a few hours away from Ndassima and directly on the same access road. 

https://reliefweb.int/report/central-african-republic/central-african-republic-six-armed-groups-sign-peace-agreement-bria

Six armed groups (the UPC, MPC, RPRC, MLCJ, Anti-Balaka (Mokom faction) and the FPRC)* signed an important peace agreement Tuesday 9 April in Bria, in the Central African Republic (CAR), which is expected to put an end to more than six years of violent conflict in the eastern region of Haute-Kotto.

The Accord is the result of talks convened by the Centre for Humanitarian Dialogue (HD) between the groups from 1-9 April 2019 in Bria. It also marks the culmination of months of intensive local mediation efforts led by HD to bring an end to violence across the Haute-Kotto region. Repeated attacks by the groups in the area since 2013 have led to the loss of many lives, widespread destruction of property and the displacement of thousands of people. The violence has also increased the divide between the Christian and Muslim communities which has been instrumentalised by the armed groups.

The Bria Agreement builds on the Accord for Peace and Reconciliation in the CAR (APPR), which was signed on 6 February 2019 between the Government and fourteen armed groups, including the six Bria Agreement signatories.

Under the terms of the Bria Accord, the parties have committed to:

Putting an end to violence;
Ensuring peace and security throughout the region;
Resolving grievances peacefully;
Refusing the instrumentalisation of differences based on politics, ethnicity or religion ;
Ensuring the safe return of refugees and internally displaced persons; and,
Guaranteeing the free movement of persons, goods and services, and humanitarian personnel. The follow-up committee set up under the APPR will be in charge of monitoring implementation of the Bria Accord.

“This Agreement represents an important step in strengthening the APPR and turning Central African people’s hope for peace and reconciliation into reality.” said Freddy Nkurikiye, HD’s Special Representative for Central and West Africa.

HD has been working in support of peace in the CAR since 2007, assisting both the country’s National Political Dialogue and community-based mediation efforts. HD played a key role in the 2008 Inclusive Political Dialogue, the 2015 Bangui Forum, the 2016 electoral process and more recently, the 2019 APPR process. The organisation has also been involved in the facilitation of local agreements such as the 2017 Bouar Agreement between the 3R and anti-Balakas armed groups which enabled the stabilization of parts of the Nana Mambéré province.

HD would like to thank the parties, the United Nations Multi-dimensional, integrated and stabilization Mission (MINUSCA) as well as the local administrative, traditional and religious leaders for their support to the mediation process which led to the Bria Agreement.

The organisation would also like to express its gratitude to the European Union for its financial support which has enabled HD to support peace efforts in CAR since 2014.

END

For any further enquiries, please contact HD’s Special Representative for West and Central Africa, Mr Freddy Nkurikiye, by phone on +41 79 388 35 31, or by email: nkurikiye@hdcentre.org

For further information about HD, please send an email to: pr@hdcentre.org

*UPC: Unité Pour la paix en Centrafrique; MPC: Mouvement Patriotique pour la Centrafrique; RPRC: Rassemblement Patriotique pour le Renouveau de la Centrafrique; MLCJ: Mouvement des Libérateurs Centrafricains pour la Justice; FPRC: Front Populaire pour la Renaissance de la Centrafrique


By mrduediligence

Posted: Thursday Apr 11 7:04:40AM 2019

New CAR Articles: UN Embargo Lifting Criteria, Integration Of Rebels, & New Mining Job

UN Embargo Lifting Details: https://reliefweb.int/report/central-african-republic/security-council-announces-benchmarks-guide-decision-potential

Un Tells CAR To Integrate Rebels: https://www.france24.com/en/20190409-un-tells-c-africa-reintegrate-rebels

New Mining Application For Work In CAR: https://www.worldwide-rs.com/job/open-pit-mine-electrical-coordinator-jobid-j20102


By mrduediligence

Posted: Wednesday Apr 10 5:18:41AM 2019

Axmin appoints Jiang as CEO of Somio, Aurafrique

 
2019-04-10 05:55 MT - News Release

 

Ms. Lucy Yan reports

AXMIN INC ANNOUNCES NEW SENIOR MANAGEMENT APPOINTMENTS

Axmin Inc. has appointed Lifei Jiang as chief executive officer of Somio Toungou SA and chief executive officer of Aurafrique SARL in Central African Republic and Jean Qian as board secretary and chief executive officer assistant of Axmin.

Mr. Lifei Jiang benefits form over fifteen years of senior operational experience in Africa in the investment, construction and mining industries. He has served as project manager, vice general manager and general manager for the Chinese states owned enterprises China Geo-Engineering Corporation (CGC) and CGCOC Group Company Limited in several African countries where he was directly responsible for project management, bidding, financial controls, team building, and market development.

Mr. Jiang is extremely familiar with local traditions and cultures, different applicable mining laws and effective operational procedures for delivering mining operations in Africa. For AXMIN, Mr. Jiang will be managing the in-country operations of the Company.

Mr. Qian benefits from experience in senior administration of Chinese companies working with international counterparties to manage projects within and outside of China. He has been responsible for coordination and international communication in large events, as well as corporate news releases and translations.

AXMIN's Chairman and CEO Lucy Yan sated:

AXMIN is very pleased to appoint Mr. Jiang and Mr. Qian to assist the company with our in-country operations and international co-ordination. We believe these key staff additions will assist the Company as we fully restart our operations in the Central African Republic in the near future. We are very excited to see the improving security developments in the region around our mining asset and will provide a further update in this regard.

About AXMIN

AXMIN is a Canadian exploration and development company with a strong focus on the African continent. AXMIN continues to closely monitor the security situation at its Passendro Gold Project in the Central African Republic. For more information regarding AXMIN visit our website at www.axmininc.com. Please follow us on Facebook https://www.facebook.com/axmininc

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.


By mrduediligence

Posted: Tuesday Apr 9 10:31:53AM 2019

Security Council Announces Benchmarks to Guide Decision on Potential Lifting of Arms Embargo against Central African Republic

9 APRIL 2019

https://www.un.org/press/en/2019/sc13769.doc.htm

Presidential Statement Expresses Readiness to Review Ban, Sets Terms for Removal
The Security Council expressed today its readiness to review the arms embargo it imposed on the Central African Republic, announcing a set of benchmarks to guide its decision as to whether it will suspend or progressively lift that restriction later this year.

Issuing presidential statement S/PRST/2019/3, Christoph Heusgen (Germany), President for April, recalled the Council’s intention to establish, by 30 April, “clear and well‑identified key benchmarks” to measure progress in reforming the security sector, on advancing the disarmament, demobilization, reintegration and rehabilitation process, and on managing weapons and ammunition.

More specifically, the benchmarks would require the Government of the Central African Republic to implement the National Programme for Disarmament, Demobilization, Reintegration and Repatriation, in particular the socioeconomic reintegration of former members of armed groups and the integration of vetted former members into all uniformed services; and to draft a planning document detailing its needs in terms of weapons and facilities for the storage of ammunition.

Other benchmarks would require the Government to finalize a protocol on the registration and management of armaments intended for the national defence and security forces, covering small arms, light weapons and ammunition; to operationalize a national commission to combat the proliferation of small arms and light weapons; and to establish a protocol on the collection and destruction — or transfer to the armed forces and internal security forces — of unregistered or illicitly held weapons and ammunition seized by the authorities.

The presidential statement reiterated the Council’s request that the Secretary-General conduct an assessment, no later than 31 July, of progress made on the benchmarks, in close consultation with the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA), United Nations Mine Action Service and the Panel of Experts on the Central African Republic. The Council further recalled its intention to review, by 30 September, the arms embargo in light of that assessment.

It also reiterated the Council’s request that the Central African Republic authorities report to the Committee established pursuant to resolution 2127 (2013), by 30 June, on progress relating to security sector reform; on the disarmament, demobilization, reintegration and rehabilitation process; and on the management of weapons and ammunition. Meanwhile, the Council acknowledged the urgent need of the Central African Republic authorities to train and equip their national defence and security forces.

The Council welcomed the consensus reached by the signatories to the Political Agreement for Peace and Reconciliation, signed in Bangui on 6 February between the Government of the Central African Republic and 14 non-State armed groups. It welcomed also the engagement of the African Union, Economic Community of Central African States (ECCAS) and the United Nations. Urging stakeholders to implement the peace agreement “in good faith and without delay”, the Council called upon neighbouring countries, regional organizations and all international partners to support its implementation and coordinate their actions with the aim of bringing lasting peace and stability to the country.


By mrduediligence

Posted: Wednesday Apr 3 6:28:31AM 2019

CAR President Promotes Diamond Leases & New Bangui Electric Project Funded By A Chinese Company

Although these articles are not pertaining to AXM, they are both very positive and show that the country is open for business. Getting support from Chinese companies reflects good on other ones in CAR like Axmin which are majority owned and controlled by Chinese investors/directors.
 
March 21st 2019 - China Electric Project In Bangui - http://en.ceec.net.cn/art/2019/3/21/art_138_1858149.html
 
April 2nd 2019 - CAR Invites DeBeers & Alrosa To Mine Diamonds - https://www.diamonds.net/news/NewsItem.aspx?ArticleID=63546


By mrduediligence

Posted: Sunday Mar 31 6:21:24PM 2019

AXM Technical Analysis - Bullish Buy Signal

http://www.stockta.com/cgi-bin/analysis.pl?symb=AXM.C&cobrand=&mode=stock


By mrduediligence

Posted: Sunday Mar 31 4:26:26PM 2019

A Conversation with Central African Republic President Touadéra

https://www.usip.org/events/conversation-central-african-republic-president-touadera

A Conversation with Central African Republic President Touadéra

Prospects for Peace in the Central African Republic

The Central African Republic (CAR) has recently taken a significant step toward peace after years of violence and instability. In February, negotiations convened under the auspices of the African Union led to a peace agreement between the CAR government and leaders of armed groups. Now President Faustin-Archange Touadéra must lead the implementation of the agreement to resolve the many complex issues that have driven violence in the country. Join the U.S. Institute of Peace on April 9 to hear President Touadéra discuss his priorities and vision for building peace in CAR.

Since gaining independence from France in 1960, CAR has experienced chronic instability and outbreaks of violent conflict. The most recent crisis began in late 2012 when a coalition of armed groups banded together to seize control of the country, ushering in an unprecedented level of violence that culminated in a bloody coup d'état. While a transitional government was able to hold the country’s first peaceful, democratic election in 2016, ongoing violence and instability threaten to erode this progress. In 2018, intensifying clashes and deepening divisions led to a record 1.1 million people displaced by the conflict and made CAR one of the deadliest countries in the world for aid workers.

The CAR government, in partnership with the international community, is working to address the longstanding grievances driving the conflict and the profound insecurity affecting many of the country’s citizens. Early this year, the African Union led peace negotiations between the government and armed groups in Khartoum, Sudan, the eighth attempt at a peace deal. With support from a wide range of stakeholders, the dialogue produced a new peace deal outlining steps to reduce conflict and build peace.


Take part in the conversation on Twitter with #TouaderaUSIP. 


Panelists

His Excellency Faustin-Archange Touadéra

President, Central African Republic


Nancy Lindborg, moderator

President, U.S. Institute of Peace

 

Ambassador Lucy Tamlyn, opening remarks

U.S. Ambassador, Central African Republic


By mrduediligence

Posted: Wednesday Mar 27 11:31:50AM 2019

Farmers, herders find common ground in Central African Republic

https://www.malaymail.com/news/life/2019/03/27/farmers-herders-find-common-ground-in-central-african-republic/1736918

BAMBARI (Central African Republic), March 27 — At the market in Awatche in the middle of the Central African Republic, fresh sides of beef hang in the sun, tempting village folk after a rare agreement in an age-old dispute.

“Since November 2018, the Fulani have come back to us here,” says Felicien Katiako, chief of the nearby village of Govobanda.

 
The cattle breeders, who maintain a semi-nomadic lifestyle, had fled their village homes in the region in 2014 for fear of attack by farming communities as violence swept across the country.

While the mistrust that divides settled farmers from migrating folk is a potential source of bloodshed in much of Africa, people of the Awatche region have forged peace.

 
“We eat beef each week with the Fulani and they can have some cassava,” said Gervais Koyobogui, a chief of the villages along the road linking Bambari, the main town of the region, with Kouango.

 
Clashes between rival communities remain frequent in the CAR, frequently triggered by cattle rustling or the trampling of crops in the fields.

In Awatche, one steer is worth 500,000 francs (about RM3,506), a fortune for poor country people in one of the world’s least developed nations.

Armed groups are greedy for livestock when cattle represent such a substantial financial gain.

‘Bloody reprisals’

Killings arising from the seasonal migration of herds spiked after a 2013 coup by a mainly Muslim rebel alliance, the Seleka.

The group’s forces from the north were driven out of the southern capital Bangui in about 10 months, but by then the “anti-Balaka (machete)” fighters had emerged to fight the Seleka in various parts of the CAR.

Some of the Fulani took up arms to carry out brutal reprisals over cattle-rustling and “taxes” imposed by the anti-Balaka and by armed groups that formed when the Seleka was officially dissolved.

“The presence of young (Fulani) in ex-Seleka ranks... led to confusion and provoked a cycle of bloody reprisals,” researchers Florent Ankogui-Mpoko and Thierry Vircoulon wrote in a March 2018 report on livestock migration in the country.

The village of Awatche was attacked three times in 2014 and 2015 by rebel forces who originated with the Seleka.

For fear of reprisals by the ethnic Banda farmers, Fulani families from the villages took refuge on territory controlled by ex-Seleka forces, but they did not find the security they hoped for.

“I came back to Awatche three months ago, because out there we suffered too much. I lost a lot of my family and cattle as well,” Mohammad told AFP.

With watchful eyes framed by his turban, he said he lost 280 animals, either stolen or taken by armed groups claiming their tax.

“Every month the Seleka took two or three head of cattle from me,” said Joden, another herder who came back to the village four months ago.

Men like them are returning gradually, encouraged by family initiatives and mediation sessions organised by the authorities.

Mediation, compensation

“We protect the village against thieves, the anti-Balaka and the UPC (Union for Peace in the Central African Republic),” said Simplice, a lanky member of Awatche’s self-defence group.

The village has sorted out a way to settle disputes arising from the destruction of fields by cattle.

“We bring the two sides together in the field, we make a survey, and now we go to the chief to find out how much compensation should be paid,” said mediator Philippe.

The conflict “made the village so very weak,” he said, adding: “It’s only with peace that development will come.”

Problems caused by migratory grazing and cattle thefts remain the norm in most of the rest of the CAR, where the peaceable balance struck in these villages has not taken hold.

In January, more than 13 people were killed at Zaoro Sangou in the west by Fulanis seeking revenge for the murder of stock-breeders a few days earlier.

The bloodshed provoked further reprisals against Muslims in nearby Carnot, who were assaulted, had their shops pillaged and saw a mosque razed to the ground. — AFP


By mrduediligence

Posted: Monday Mar 25 1:55:04PM 2019

Three rebel chiefs named 'advisers' to Central African government
https://www.dailymail.co.uk/wires/afp/article-6848763/Three-rebel-chiefs-named-advisers-Central-African-government.html

By AFP

PUBLISHED: 14:32 EDT, 25 March 2019 | UPDATED: 14:32 EDT, 25 March 2019

Three top rebel chiefs have been named "special military advisers" to the Central African Republic government, the presidency said Monday as the volatile country sought to honour a February peace deal.

The three will be charged with setting up special joint units under the peace accord reached in the Sudanese capital Khartoum, the eighth since mainly Muslim rebels overthrew president Francois Bozize, a Christian, in 2013.

The accord, signed in Bangui on February 6, brought together President Faustin-Archange Touadera and the leaders of 14 armed groups who control some 80 percent of the country's territory.

The three rebel chiefs were named as Ali Darassa, head of Unity for Peace in Central Africa (UPC), Mahamat Alkatim, head of the Patriotic Movement for Central Africa (MPC), and Bi Sidi Souleymane, head of the 3R group (Return, Reclamation, Reconciliation).

They will help assure security alongside the national army.

Other rebel officials were also given roles including Adama Chaibou of the MPC, tasked with relations with the Arab world.

The announcement in early March of a new government in Bangui after the Khartoum accord sparked a wave of protest by armed groups demanding more ministerial positions.

The African Union set up a follow-up meeting to shore up the peace deal that resulted in a new agreement to form an inclusive government.


By mrduediligence

Posted: Saturday Mar 23 10:17:19AM 2019

New CAR Cabinet & UPC Congratulate Government 

Note: UPC are the main rebel group around Ndassima/Bambari where Axmin operates 

https://www.reuters.com/article/us-centralafrica-peace/central-african-republic-opens-cabinet-to-more-armed-groups-to-bolster-peace-idUSKCN1R32IR 
WORLD NEWSMARCH 22, 2019 / 1:45 PM / UPDATED 21 HOURS AGO 

Central African Republic opens cabinet to more armed groups to bolster peace 

Crispin Dembassa-Kette 

3 MIN READ 

BANGUI (Reuters) - Central African Republic has included more rebel officials in an expanded cabinet, the president announced on Friday, in a bid to shore up peace efforts after several armed groups said they were not sufficiently represented following a deal last month. 

Central African Republic reached an agreement with 14 armed groups in February, aimed at bringing stability to a country rocked by violence since 2013 when mainly Muslim Selaka rebels ousted the then President Francois Bozize, prompting reprisals from mostly Christian militia. 

The diamond and gold-producing country has been ravaged by years of conflict that had shown little sign of abating until now. 

President Faustin-Archange Touadera announced on Friday a new cabinet list of 39 members, in which all 14 armed groups were represented. Only 10 groups were represented in the previously announced list, which had 34 members. 

The peace deal, signed in Sudan’s capital Khartoum, faced its first major setback a month after it was ratified, when several armed groups withdrew representatives from the new cabinet and demanded a more inclusive reshuffle. 

The president’s announcement came two days after reconciliation talks arranged by the African Union in Ethiopia’s capital Addis Ababa. 

The 14 rebel groups had said last week that they had not been sufficiently consulted over the original cabinet list. 

In the new line-up, the major Selaka groups FPRC and UPC have three and two representatives, respectively. 

“The UPC congratulates itself and congratulates Prime Minister Firmin Ngrebada for forming a government that now respects the Khartoum accord. We call on all ministers to get to work without delay to bring peace back to this country,” UPC political coordinator Hassan Bouba told Reuters via telephone. 

Christian anti-balaka militia did not immediately respond to a request for comment. 

Thousands of people have died because of the unrest and a fifth of the country’s 4.5 million population have fled their homes. The United Nations deployed a peacekeeping mission in 2014. 

But prospects for a lasting peace remain uncertain, as agreements in 2014, 2015 and 2017 all broke down.


By mrduediligence

Posted: Wednesday Mar 20 2:47:45PM 2019

CENTRAL AFRICAN REPUBLIC REACHES DEAL ON NEW GOVT: AFRICAN UNION

https://www.justiceinfo.net/en/live-feed/40657-central-african-republic-reaches-deal-on-new-govt-african-union.html?fbclid=IwAR3wDgUPXgSHTdyruU2SSCXEDLlQLMKiJzoz9W24OcMcf9e9vtZlgCJUev4

The government of the Central African Republic and armed groups that had joined it in a peace deal have reached an agreement to form an "inclusive government," the African Union said Wednesday.

"The Central African authorities and the 14 armed groups (that) signed the peace accord negotiated in early February in Khartoum agreed to an 'inclusive government' in Addis Ababa," the AU said.

The deal is the eighth attempt to bring peace to the conflict-wracked, impoverished state since 2012.

Signed in the CAR capital Bangui on February 6 after negotiations in Sudan, it brings together the CAR government and 14 armed groups who control most of the country.

The agreement called for a series of confidence-building measures, such as establishing joint patrols and the creation of a truth and justice commission within 90 days.


By mrduediligence

Posted: Sunday Mar 17 10:23:42AM 2019

Bogdanov Discusses Moscow's Assistance In CAR's Development In Bangui - Foreign Ministry

https://www.urdupoint.com/en/world/bogdanov-discusses-moscows-assistance-in-car-572588.html

 Faizan Hashmi  3 hours ago  Sun 17th March 2019 | 05:20 PM

MOSCOW (UrduPoint News / Sputnik - 17th March, 2019) Russian Deputy Foreign Minister Mikhail Bogdanov has visited the Central African Republic (CAR) to discuss bilateral cooperation and Russia's assistance in boosting the republic's security and development with the country's leadership, the Foreign Ministry said on Sunday.

During his visit to CAR's capital of Bangui on Saturday, Bogdanov held meetings with President Faustin-Archange Touadera and the country's top diplomat, Samuel Rangba.

"A substantial discussion of topical issues related to the Russian-Central African relations and the prospects of further expansion of mutually beneficial cooperation, including Bangui's interest in Russia's assistance in CAR's socioeconomic development, the training of national personnel, enhancement of security and stability in this friendly African country, has taken place," the ministry said in a statement, published on its official website.

 

The Russian deputy foreign minister also reiterated Moscow's readiness to help promote the implementation of the 2018 Khartoum Declaration on the establishment of peace and security in the Central African Republic and the peace deal that was signed between the car government and armed formations in early February to end the armed conflict in the country.

In recent years, CAR has been struggling with the conflict between the Muslim-majority armed group Seleka and primarily Christian Anti-balaka militia. In August 2018, the armed groups signed a declaration of understanding as a result of Russia-brokered talks in the Sudanese capital, which was followed by a peace deal between the government and over a dozen armed formations, inked on February 6.


By mrduediligence

Posted: Saturday Mar 16 8:17:56AM 2019

Monday Talks On CAR Peace Process To Tackle Formation Of Gov't, Security - AU Commissioner
https://www.urdupoint.com/en/world/monday-talks-on-car-peace-process-to-tackle-f-572064.html

MOSCOW (UrduPoint News / Sputnik - 16th March, 2019) The upcoming consultation meeting on the peace process in the Central African Republic (CAR) will address outstanding concerns about government formation and security arrangements, Smail Chergui, the African Union (AU)'s peace and security commissioner, told Sputnik on Saturday.

The AU-organized meeting will be held in the Ethiopian capital of Addis Ababa on Monday. It is expected to follow up on the progress that has been made since the car government and 14 armed groups signed a peace agreement in early February.

"As you know, some movements raised the issue of the formation of the government ... This meeting really is to get stock, one month after we sign the agreement, of where we are and also address these issues and also take additional measures in implementing other articles, mainly those relating to the security arrangements in terms of deploying the security unit on the ground, and so on," Chergui said.

 

The commissioner added that the implementation of this agreement on CAR peace settlement appeared to be more successful than of the previous agreements.

"I think it's more or less ... positive way that we are dealing with the matter this time compared to the former agreements," Chergui said.

He added that the meeting would last for as long as necessary.

"Whatever is needed. We are starting on Monday, March 18, and [the meeting will] certainly [continue on] Tuesday, March 19, and hopefully we can address all the matters," Chergui said.

The Central African Republic has been suffering from a drawn-out conflict since a coup in 2013. Much of the fighting in recent years has been between Muslim-majority Seleka and Christian Anti-Balaka militias.


By mrduediligence

Posted: Thursday Mar 14 8:55:06AM 2019

Refugee's Return To Ndassima (Where AXM Has It's Gold Deposit) - Area Secured & Rebels Removed?


https://africandailyvoice.com/2019/03/14/centrafrique-retour-deplaces-observe-dans-plusieurs-villes-accord-paix-khartoum/
 
Central African Republic: Return of displaced people observed in several cities after Khartoum peace agreement

Bangui, Central African Republic, (ADV) - Several IDPs and refugees have been returning to their respective areas since February, following the lull after the peace agreement signed between the government and the country's armed groups.

Just one month after the signing of the peace agreement between the government and the 14 armed groups in the country, the security situation is gradually improving in the interior, favoring the return of displaced persons and refugees to their respective areas. . This return was recorded by the Office for the Coordination of Humanitarian Affairs in Central Africa (OCHA).

In the north of Paoua, more than 23,000 spontaneous returnees and 26,700 returnees were identified from 21 February to 7 March 2019, ie 4,351 households of 23,394 spontaneous returnees and 4,846 households of 26,713 returned to their respective villages. "This return is helped by the lull in the security situation. Humanitarian actors are mobilized for assistance to returnees and returnees, "reports OCHA's humanitarian bulletin.

These data are confirmed after the organization of 4 missions to monitor population movements in several villages in northern Paoua by UNHCR and humanitarian partners.

A little in the center of the country in Ndassima about 60 km north of the Bambari, 13,450 people returned to the Ndassima-Bambari axis, including 310 people in Ndassima 1,250 people in Ndassima 2, and 7,000 people or 430 households in Krandja and Djoubissi.

On the Bria IDP site, at least 2,060 people have returned to the 50,897 sites at 5 sites, a 3.88% reduction compared to February 2019 compared to December 2018. This return is also due to the lull observed in recent weeks in the region, according to humanitarian actors.

In the western zone, notably in Boukolo, 45 km from Berberati on the Gamboula road, the population welcomes daily the return of Fulani refugees to Cameroon. The presence of a hundred breeders in these regions testifies to the cohabitation between the communities.

These returns are also observed in Bakouma and Alindao, two cities that were affected by the violence towards the end of 2018. The return allowed the reopening of 70% of the schools. Of the 46 schools, 32 are operational and 30% or 9 schools are currently occupied by armed groups.

Although aid workers have observed the return to several cities, the management of transhumance remains a source of tension in Bocaranga and Ngaoundaye in the north of the country. At least 896 hectares of fields have been devastated by livestock in these areas. "1,200 households lost their fields because of transhumance, given that 73% of these households have only their fields as their source of income, while 27% of these households have spontaneous returns," commented one humanitarian actor.

The lull observed in recent weeks after the signing of the peace agreement between the government and the armed groups remains fragile, given the challenge of the new government following the Khartoum dialogue by some armed groups who demand more space in this inclusive government.


By mrduediligence

Posted: Saturday Mar 9 11:13:27AM 2019

Bangui, CAR will host the next International Economic Forum April 24th to 25th 2019. This is a big deal because 500 people from around the world are expected to attend, including major investment groups. Not only that, it shows the world that CAR is getting safer, more stable, and can bring new investment to help it grow. 
 
https://www.theconnectedmag.fr/centrafrique-sante-cmnfis-cicp/

http://www.clubmedicalnumerique.org/

http://www.clubmedicalnumerique.org/wp-content/uploads/2019/02/Brochure-Bangui-24-25-avril-2019-V19-copie.pdf

Central African Republic: Health takes pride of place at the 17th International Economic Forum 

The International Chamber for the Counseling and Promotion of Enterprises (CICP) organizes under the very high Patronage of HE Faustin Archange TOUADERA, President of the Republic, Head of State, Central African Republic, the 17th International Multi-sectoral Economic Forum which will take place on April 24 & 25, 2019 in Bangui. The health sector is supported by the French Digital Medical Club & Health Innovation 4 round tables on topics in line with the needs of Central Africa are on the agenda: Stroke : prevention and improvement of care. This is a serious pathology since 30% of stroke victims die during the first month and among the 70% who return home, more than 80% have sequelae with physical, neuro-psychological, family or professional consequences often heavy. In this context, it is essential to train the population in the prevention of chronic diseases and stroke, but also to modernize the care pathways. Feedback from experience (Senegal). How to scale up care in Africa? False medicine  : from the struggle to solutions Fake drugs are a major public health issue worldwide, accounting for 10% of drugs in circulation, up to 30% in Africa or Latin America. There are an estimated 700,000 annual deaths from this traffic. In this context, the MEDICRIM convention, the first international instrument of penal law, is struggling to implement. What legislative developments to expect? What international mobilization for safety rules and shared action plans? What role do manufacturers play? All these questions will make it possible to take stock of the current situation and to set the prospects for a coordinated and effective partnership action.  Health and digital : Africa, laboratory of the future The International Conference of Ministers of Health and New Technologies in Africa (CIMSA) last June has identified the need for a joint strategy of the two ministries to advance effectively in the territories. Africa's technological innovation is growing rapidly but needs financing and governance regulation, which CIMSA has also endorsed. How can digital health help the continent move from an era of humanitarian aid to that of a health democracy? What interactions are to be put in place between North and South to accelerate its development?  New conceptions of hospitals and health facilities , between efficiency and modularity Health innovation is often seen as synonymous with new technological tools that are ever more efficient and more expensive. However, if the added value of the latter is not demonstrated by the medical progress made in recent decades in rich countries, new forms of innovation are emerging. The requirements related to health needs, to the constraints of the territories and to the control of the expenses led all the actors to question on the relevance of the medical projects to be put in place for a most relevant and least expensive offer of care possible. Thus, the scarcity of resources in some countries, particularly in Africa, has become a true source of innovation, responding to a logic of how to do more with less. This "frugal" approach, which is essentially pragmatic, is at the origin of the most creative care solutions. Design of care structures adapted to patients and caregivers, organization of these, optimized management, training of health actors, The sharing of various experiences will consolidate the objectives pursued in terms of the efficiency of the healthcare solutions envisaged, which are increasingly rooted in local realities. On the agenda of this 17th Forum, conferences on health and e-health in Africa , the different interactions to be set up between North-South and South-South, to accelerate the development of the sub-region, but also a great conference on the future of digital health by 2030. All of this work is needed in the sub-region because each subject proposed represents a need on the spot. The CMNFIS www.clubmedicalnumerique.org , more than 450 members in the French speaking territories to sensitize, train and animate the health actors to the digital transformation through a dozen events per year, dealing with medical innovation and digital, training for health professionals and institutions in driving change, co-structuring of a living-lab on autonomy and accessibility, assistance with the assembly of Adrenaline, an international incubator-accelerator specialized in lifelong prevention and digital health. The CMNFIS is finally a Think & Do Tank, with the structuring and assembly of collaborative projects: mobile teams, sleep, rehabilitation of walking disorders, mobile health for landlocked territories ... It is expected about 500 participants in this forum (Investors - Policies - NGOs - Industrial - Entrepreneurs) Program - Congress Registration - Press Accreditations:  http://www.cicpgroup.com Partnerships - Exhibitors - Institutional: +33 (0) 645 630 995 jean.michel.decret@gmail.com

Source : https://www.theconnectedmag.fr/centrafrique-sante-cmnfis-cicp/


By mrduediligence

Posted: Thursday Mar 7 6:25:59AM 2019

United States Announces Additional Support to the FACA
 
https://cf.usembassy.gov/united-states-announces-additional-support-to-the-faca/?sfns=mo
 
BANGUI – The United States Embassy in Bangui announces the launch of an additional $3.5 million in security assistance training programs for the Central African Armed Forces (FACA). These funds for the Central African Republic (CAR) represent the next phase in the United States’ $12 million in funding to reform and redeploy the FACA.

“This tranche of equipment and training continues our investment in CAR’s security, and demonstrates our commitment to helping build a peaceful and prosperous Central African Republic. This will combine with the efforts of the government of and people of CAR to move forward on a path to peace and prosperity. This comes at a particularly important time as we are all working together to ensure effective implementation of the recently signed Khartoum accords,” Ambassador Lucy Tamlyn commented regarding the news.

The funding will provide comprehensive logistics, operations, and management training to the FACA to help maintain and grow Camp Kassai. It will also train FACA in valuable trade skills, including electrical repair, masonry, welding, plumbing, carpentry, and general mechanics. These skills will enable the FACA to maintain their own facilities, and repair their own equipment.

The UN Security Council Sanctions committee is aware of all U.S. training and equipment in full accordance with the arms embargo. The United States remains committed to abiding by the internationally approved sanctions process.

Since 2015, the United States has provided over $500 million to CAR, including $100 million in humanitarian assistance in 2018-2019 and $65 million in support to the justice, internal security, and military sectors.

The US Embassy in Bangui looks forward to continued close work with our partners in the CAR Government, in particular the Ministry of Defense, to build and strengthen a professional military force capable of responding to CAR’s security challenges.

By U.S. Embassy in Bangui | 5 March, 2019 | Topics: News, Press Releases


By mrduediligence

Posted: Wednesday Mar 6 3:04:00PM 2019

Chinese Mining Companies Are Already Working In The Central African Republic
 
MEETING OF THE MINISTER OF MINES AND GEOLOGY WITH THE ACTORS OF THE MINING SECTOR

(Translated From French To English)

https://mines.gouv.cf/actualite/81/rencontre-du-ministre-des-mines-et-de-la-geologie-avec-les-acteurs-du-secteur-minier

Mon 25/02/2019 - 12:00

The Minister of Mines and Geology met the actors of the mining sector of Bozoum at the hotel of the said city. This meeting brought together the Minister, the members of the cabinet of the Ministry of Mines and Geology, the Honorable Members of the constituencies of Bozoum 1 and 2, the representative of the Chinese Society operating in the area and the artisanal miners. 

This meeting gave the opportunity to the President of the Cooperative Minière de Bozoum to present in a brief way the difficulties of the mining artisans, his intervention was completed by his peers and followed by that of the deputies of Bozoum who presented the needs that they experience in the sector and their wish for a better collaboration. 

Without passion, all the concerns raised were debated, the minister having brought in his staff, each in his field, to answer the questions that concern him. The Minister concluded the interventions by informing the co-operatives that all their concerns have been taken into account in a set of specifications that the Ministry has signed with the Corporation. Insisting on compliance with the terms of reference by the company, he announced the establishment in the near future of a tripartite monitoring committee (Ministry of Mines, Chinese society and representative of the population). A family photo has closed meeting to the satisfaction of all.
 


By mrduediligence

Posted: Wednesday Mar 6 9:36:11AM 2019

Pope and CAR President satisfied for Framework Agreement between their states

https://www.vaticannews.va/en/africa/news/2019-03/pope-president.print.html

ope Francis on Tuesday afternoon received in private audience, the president of the Central African Republic, Mr. Faustin Archange Touadéra.
 
By Godfrey Kampamba

During their encounter, the Holy Father and Mr. Touadera focused their discussion on the existing good bilateral relations between the Holy See and the Central African Republic. Apart from looking at issues regarding the current situation in the country, the two leaders also expressed their satisfaction about the ratification of the Framework Agreement between the two states, underscoring the importance of the contribution of the Catholic Church in the construction of the Central African Republic, and acknowledged the role of Catholic institutions in the fields of education and healthcare.

The meeting between the pope and Mr. Touadera came just two days after the inauguration of the Bangui Pediatric Hospital, constructed with the sponsorship of Pope Francis, for which president Touadera expressed his and the gratitude of the people of his country.

Ratification of Framework Agreement between Holy See and CAR
Soon after his meeting with the pope, Mr. Touadera went on to meet with the secretary of State, Cardinal Pietro Parolin, who was accompanied by the Secretary for Relations with States, Archbishop Paul Gallagher. During this occasion, the secretary of State gave President Touadera the Instrument of the Ratification of the Framework Agreement between the Holy See and the Central African Republic. The Framework Agreement was signed on 6 September 2016 in Bangui and concerns matters of mutual interest. A communique from the Vatican later on Tuesday announced the entry into force of the Framework agreement.

Meeting with St. Egidio Community
From the Vatican, the central African Republican president visited the Sant’Egidio Community in Rome, where he was received by the founder, Prof. Andrea Riccardi, and other leaders of the Community.I have come here because this is a house of peace that has come to mean a lot for my country, said president Touadera, underlining the strong links of friendship that have united the Central African Republic and the Sant'Egidio Community, even in the darkest hours of the country.

Touadera also expressed his gratitude for the work of the Sant’Egidio Community in the cure of HIV and AIDS through a programme known as DREAM, and through which a centre has been opened to take care of the sick.

06 March 2019, 13:21


By mrduediligence

Posted: Monday Mar 4 9:05:55AM 2019

UNODC opens project office in Bangui, Central African Republic

http://www.unodc.org/unodc/en/frontpage/2019/March/unodc-opens-project-office-in-bangui--central-african-republic.html

Bangui, Central African Republic, 4 March 2018 - Following the "Political Agreement for Peace and Reconciliation in the Central African Republic" finalized in Khartoum and signed on 6 February by the Government of the Central African Republic and 14 armed groups, the United Nations Office on Drugs and Crime (UNODC) officially announced the opening of a project office in Bangui.

The announcement was made by the UNODC Regional Representative for West and Central Africa, Pierre Lapaque, during a visit to the Central African Republic from 19 to 22 February. He said that "urgent action is needed to maintain the momentum created by the recently concluded peace agreement" because "we cannot build a State and a nation without effective, transparent and accessible justice for all."

The UNODC office in Bangui opened in June 2018 following the signing of an agreement with the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA). This partnership between UNODC and MINUSCA aims to support the operationalization of the Special Criminal Court (SCC) in the Central African Republic.

The SCC was established by law in 2015 as a national court to judge cases of serious violations of human rights and international humanitarian law committed in the Central African Republic territory since 1 January 2003. In this context, UNODC's mandate is more specifically to assist the SCC in the development of its legal aid and victim and witness protection services.

UNODC provided input to the development of legal and regulatory instruments on both victim and witness protection as well as legal aid that have been successfully adopted. These include the Loi portant Règlement de Procédure et de Preuves (May 2018), the SCC Règlement interieur (October 2018), and the Arrete portant organisation et fonctionnement de l'Organe paritaire chargé de l'admission des candidats au Corps special d'avocats près la Cour penale spéciale (December 2018).

During his visit to the Central African Republic, the UNODC Regional Representative also met with national authorities interested in UNODC'S mandate, including the Prime Minister, and ministers of the Interior, Justice, Mines and Water and Forestry. These exchanges show a strong political will to collaborate with UNODC to combat serious crimes such as corruption, trafficking in natural resources, firearms, money-laundering, among others, that hinder peace, stability and development in the country.

The opening of the project office in the Central African Republic and UNODC's various activities in the country contribute to the development of a Regional Strategy that UNODC aims to implement in Central Africa to better respond to the interconnected challenges posed by transnational organized crime on the African continent.

It also contributes to the achievement of the Sustainable Development Goals, in particular Goal 16 on promoting peace, justice and transparent and effective institutions.


By mrduediligence

Posted: Sunday Mar 3 10:59:24AM 2019

New, inclusive gov't formed in C.A.R


http://www.africanews.com/2019/03/03/new-inclusive-gov-t-formed-in-car//


A new and inclusive government has been formed in the Central African Republic.


The new regime was announced on Sunday with no changes to holders of some ministries, a month after a peace deal was signed between authorities and armed groups.


The Defense, Finance, Justice, Foreign Affairs, Communication, Interior and the Economic Ministries remained unchanged.


Maxime Mokom, leader of the armed anti-balaka group has become Minister for Disarmament, De-mobilization, Re-integration and Repatriation. Souleymane Daouda, Spokesperson for the armed group, Unity for Peace in the Central African Republic is now Minister for Livestock.


Hamza Guismala, right-hand man of Noureddine Adam, leader of the armed group, Popular Front for the Renaissance of the country, is now in charge of the Development of Energy and Hydraulic Resources Ministry.


The Patriotic Movement for the Central African Republic has one of its important members, Adama Chaibou, as Minister for Modernization.


Bertin Béa, Secretary General of Kwa Na Kwa, party of former president François Bozizé, exiled in Uganda, has been appointed Minister for Public Service.


On February 6, an agreement was reached after weeks of negotiations in Khartoum, Sudan. The formation of this new government comes after the appointment of Firmin Ngrebada as Prime Minister.


The Central African Republic is struggling to recover from the conflict it has been entangled since 2013.


So far eight agreements have been signed by warring parties to try to bring the country out of the chaos.


By mrduediligence

Posted: Saturday Mar 2 8:42:52AM 2019

Articles out this week regarding the Central African Republic:


Russian Instructors Trained Over 2,000 Troops, Law Enforcement Officers In CAR - https://www.urdupoint.com/en/world/russian-instructors-trained-over-2000-troops-562490.html
 
Support for the peace agreement in the Central African Republic: the World Bank could unlock $100 million - http://www.adiac-congo.com/content/soutien-laccord-de-paix-en-centrafrique-la-banque-mondiale-pourrait-debloquer-cent-millions
 
The Cameroonian group of transport "Tourist Express" is setting up soon in Central African Republic - https://africandailyvoice.com/2019/03/01/groupe-camerounais-transport-touristique-express-implante-bientot-centrafrique/
 
CAR Participation in MINING INDABA 2019 FORUM - https://mines.gouv.cf/mission/80/participation-de-la-delegation-du-ministere-des-mines-et-de-la-geologie-de-la-republique
 
- Additional info on mining forum: https://www.miningindaba.com/ehome/index.php?eventid=283869&
 
 


By mrduediligence

Posted: Wednesday Feb 27 8:59:55AM 2019

Central African Republic : the appointment of the new prime minister hailed by the main representatives of rebel groups

https://africandailyvoice.com/en/2019/02/27/central-african-republic-appointment-new-prime-minister-hailed-main-representatives-rebel-groups/

2019-02-27 Central African Republic, POLITICS

NEWSROOM (ADV) – In accordance with the commitments made on February 6 by the Central African authorities and the main rebel groups, President Faustin Archange Touadéra on Monday (February 25th) appointed a new Prime Minister, Firmin Ngrebada. The task of the new head of government is delicate. He needs to form an inclusive government without delay.

The Political Bureau of the Popular Front for the Renaissance of the Central African Republic (FPRC) and the National Coordination of the Anti-Balaka Patriot Movement, in a joint statement obtained by ADV, welcomed the appointment of Mr. Firming Ngrenada and at the same time renewed their commitment to peace under the leadership of the President of the Republic, Mr. Faustin Archange Touadera.

 The signatories of this declaration, Noureidine Adam and Maxime Mokom, on behalf of their movements, thank the President for this move which goes hand in hand with the commitments of the concluded Khartoum agreement.

The FPRC and the Anti-Balaka wish to see the new Prime Minister continue in this positive dynamic.


By mrduediligence

Posted: Monday Feb 25 4:06:11PM 2019

Axmin Inc Has Been Added To CAR Government Mining Site

https://mines.gouv.cf/page/32/les-projets]https://mines.gouv.cf/page/32/les-projets

https://mines.gouv.cf/projet/78/projet-or-axmin-inc-rca]https://mines.gouv.cf/projet/78/projet-or-axmin-inc-rca

Translated from French to English:

AXMIN GOLD PROJECT INC.-RCA

Axmin Inc. is a Canadian company operating in the gold sector in the Central African Republic for an industrial mine. 

Gold exploration and exploitation object 

• Legal basis 
Convention signed on 27/01/2006 with the Central African State for a period of 25 years. 
License to mine the Passendro Gold Mine: Somio Toungou (357km²) awarded by Decree No. 10.231 of August 05, 2010. 
Research Permit: Bambari 1 & 2 (913km²) awarded by Decree No. 10.233 of August 07, 2010, of which objective is to increase the resources and extend the duration of mine operation. 

• Location: Prefecture of OUAKA (Bambari) 

• Work done 
Somio Toungou - Feasibility studies completed but need for a re-evaluation of the resources at the restart of the project. 
Aurafrique: geophysics, drilling research (DD, RC, etc.) 

• Current situation
After a suspension of activities since the year 2012 for reasons of "Force Majeure" Axmin Inc. - RCA has brought together all administrative conditions for the resumption of its activities. 
She is currently waiting for deployment. 

• Outlook
Construction of infrastructure for an industrial gold mine.


By mrduediligence

Posted: Monday Feb 25 9:19:55AM 2019

5 Top Weekly TSXV Stocks: CAR Peace Deal Boosts AXMIN
https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/top-weekly-tsxv-stocks-car-peace-deal-boosts-axmin/]https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/top-weekly-tsxv-stocks-car-peace-deal-boosts-axmin/


AXMIN
AXMIN made this list last week, when its shares rose to C$0.36 in the same week the government of the Central African Republic (CAR) announced peace deals with a medley of rebel groups.

AXMIN, a gold developer and explorer, is focused on its Pessendro project which is in the CAR.

The company was up again this week, though with no new news from the company (its last news was from January) — so stock markets seem to believe the peace deals will hold.

On the TSXV AXMIN was up to C$0.45 — a gain of another 55.17 percent.


Note: Not sure what the editor is saying about news. There was a release in January and in February as per newswire. From February:

Axmin pleased with CAR's peace agreement

2019-02-12 05:50 MT - News Release


Ms. Lucy Yan reports

THE GOVERNMENT OF THE CENTRAL AFRICAN REPUBLIC (CAR) ANNOUNCES A PEACE AGREEMENT WITH ARMED GROUPS

Axmin Inc. notes the following news release.

On Saturday, Feb. 2, 2019, the government of the CAR announced on social media that an agreement for peace had been made at the talks taking place in Khartoum. The government stated that the agreement would be initialled on Sunday, Feb. 3, 2019, and thereafter it was signed in Bangui on Feb. 6.

The agreement comes after discussions that were facilitated in Khartoum by the African Union and the United Nations with assistance from Russia. The key points of this agreement are:


An immediate cessation of violence by the armed groups against defence and security forces, UN personnel, humanitarian workers and the general population;
The armed groups will respect the legitimacy of the CAR's institutions and will disband;
The government will analyze the reintegration of the leaders of the armed groups who previously served as civil servants or in the military;
The government will set up a truth, justice, reparation and reconciliation commission within 90 days;
The parties to the agreement will undertake to set up mixed security units that will include both the defence and security forces as well as former members of the armed groups;
A Prime Minister will be appointed drawn from a representative of the former armed groups;
The former armed groups will have the right to start political parties without hindrance.

Ambassador Smail Chergui, the African Union Commissioner for Peace and Security, stated on social media:

"I am humbled to announce that with the exemplary co-operation I received from both the government of the CAR(@GouvCF) and the 14 armed groups, we have secured a #peace agreement today in the interest of the people of #CAR."

Separately on Thursday, Jan. 31, 2019, the United Nations Security Council voted unanimously on a resolution drafted by France that provides for a road map to lift the arms embargo on the CAR. This resolution states that the council will establish requisite benchmarks by April 30, ,2019 and will assess progress on these benchmarks by July 31, 2019. The council will then review the arms embargo measures by Sept. 30, 2019.

The resolution welcomes "the significant efforts made by the CAR authorities" to advance security sector reform, including by developing a national defence plan and national security policy. This resolution acknowledged "the urgent need for the CAR authorities to train and equip their defence and security forces to be able to respond proportionately to threats to the security of all citizens in the CAR." The council stated that it had granted several exemptions to allow shipments of weapons from France, Russia, China, the United States and Belgium for the CAR army.

Axmin's chairman and chief executive officer Lucy Yan stated:

"Axmin is delighted to hear that a peace agreement has been reached in Khartoum and hope that this agreement will be honoured and bring security and stability to the CAR. The company believes that the combination of the agreement together with the eventual lifting of the arms embargo should provide both the framework for stability and also the effective method of enforcement by equipping and deploying the military forces of the government of the CAR. We look forward to being back on site and working on developing the Passendro asset as soon as conditions allow in the near future."

A further press release regarding the security situation in Ndassima, the location of the company's Passendro asset, will be made when appropriate to do so.

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 Passendro gold project in the Central African Republic.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.


By mrduediligence

Posted: Sunday Feb 24 4:56:48PM 2019

https://www.urdupoint.com/en/world/car-govt-armed-groups-commit-to-ending-recr-558895.html


CAR Gov't, Armed Groups Commit To Ending Recruitment In Armed Formations Under Peace Deal


 Sumaira FH  26 minutes ago  Sun 24th February 2019 | 06:39 PM


KHARTOUM (UrduPoint News / Sputnik - 24th February, 2019) The government of the Central African Republic (CAR) and armed formations, which have recently signed a peace deal to end the armed conflict in the country, have pledged to refrain from recruiting people, in particular minors and foreigners, into armed formations, according to the text of the agreement seen by Sputnik on Sunday.


"The parties reaffirm their commitments to ... immediately put an end to all forms of recruitment, including that of children and foreigners, into armed groups," the text said.


The parties also agreed to give up illegal exploitation of natural resources and illicit traffic of arms and munitions, and committed to not hindering the free circulation of people and goods and the deliveries of humanitarian aid.


The long-sought peace accord was signed in the CAR capital of Bangui in early February.


By mrduediligence

Posted: Sunday Feb 24 4:56:29PM 2019

We have enough to work with now anyway. Passendro + Bambari expansion claims will keep Axmin and the JV busy.


By Ken T

Posted: Sunday Feb 24 2:05:29PM 2019

I can't remember what the time allowed in CAR is, but I think its 2 years that they have to start exploratory work to be able to keep the rights, then they have a certain amount of time to start mining under the second licence.  So with out a production plan that is viable in the next few years they would eventually lose the licence.  Hence, the idea is on the back shelf.  Once the ore to market issue has a solution, the sight will be valuable.  So until a rail line comes to central CAR, we wait.


By mrduediligence

Posted: Saturday Feb 23 6:36:43PM 2019

I think the iron ore deposit is literally right next to their current claims? I remember seeing Topa Iron Ore on a map from an old presentation. So maybe they get the rights now while the country is rebuilding for cheap, then it takes probably 7-8 years to prove it up with drilling and getting a 43-101 on it. Then when the rail is built, it's another huge asset.


By Ken T

Posted: Saturday Feb 23 4:33:55PM 2019

Ya he/she ( I don't know who replays on FB) said the rail line is 10 years out.  Once that is in existence the iron ore deposit will be valuable.  So if no one owns the rights 7 or 8 years from now,  I would imagine these guys, if the still exist, would secure it.  


By mrduediligence

Posted: Saturday Feb 23 6:55:20AM 2019

Interesting, thanks for inquiring about that. Maybe they'll get it back in due time? Then prove it up some more and sit on the asset until the rail link is built.


By Ken T

Posted: Friday Feb 22 7:47:29PM 2019

D

 I asked AXM if they still held the iron ore rights.  For some reason cut and paste doesn't work for me here, but the response was basically that Ferrum was wound up with no exploration.  Presently, no one holds the rights.  When the trans Africa rail is built the deposit wil be valuable so they haven't necessarily forgotten about it.

     


By mrduediligence

Posted: Friday Feb 22 6:45:11AM 2019

Axmin Receives $300K Royalty Payment From Teranga Gold


TGZ numbers are out.  I estimated they would be getting around $300k for the quarter. Teranga still owes around $600-700K in payments which will likely paid over the next two quarters. Given Axmin's strict costs, the company should earn around $140-150K USD net profit for Q4 2018 and over $1 million USD for 2019. Again we are waiting for CAR to get going, but Senegal is a nice added bonus in the meantime. Plus we could be working on new targets right now given that Gora mining is completed and there are advanced stage targets within 1-3km's.


TGZ Year End - Feb 2019
AXM Year End - Apr 2019 (Books will be cleaned as per October 2018)

TGZ Q1 2019 - Apr 2019
AXM Q1 2019 - May 2019

TGZ Q2 2019 - Jul 2019
AXM Q2 2019 - Aug 2019 

Another note, for any new possible targets on the 337km2 lease, Axmin still owns a 20% interest. However the 17 targets currently identified, the company has a 1.5% NSR. 

From page 36 of TGZ year end results:

The joint venture partner of the exploration permit has elected a 1.5 percent net smelter royalty on all currently identified targets within the original Sounkounkou permit and including the Gora project in exchange for its fully participatory 20 percent interest. The joint venture partner retains a 20 percent participatory right for any new exploration targets identified or to elect the royalty.


By mrduediligence

Posted: Wednesday Feb 20 12:16:54PM 2019

Here's the full article:

In the article on why pennies should be included in your portfolio , we have mentioned that junior mining companies are a very important category, although most of the junior mining companies’ stocks are in a state of low trading and price all the year round, but grasp At several specific points in time, investing in junior mining companies can still quickly achieve ultra-high returns, which is unmatched by other types of stocks.

In the current trend of resource market, many companies are expected to rise, especially as gold prices are optimistic, gold mining stocks are worth looking forward to.

Recently, Toronto-based gold primary exploration company AXMIN (TSXV: AXM ) stocks are amazing (with photos), doubling the gains in four trading days, bringing investors a gratifying return.

AXMIN is principally engaged in the exploration and development of gold projects located in Africa. In fact, in the past 2018, the company's share price has been launched from the bottom, and the stock price has nearly doubled in the whole year. That is to say, if an investor holds AXMIN stock in early 2018, its assets have been turned over. Ten times, this is an impossible income for ordinary stock investment.

Moreover, all of this happened when the company's news was relatively calm, indicating that the source of the increase was not the company's public relations hype, but the changes in the relevant environment and the improvement of the company's own cash flow.

In the interview, David Weill, the company's chief financial officer, mentioned three main factors driving the stock price increase: First, benefit from the flow of royalties generated by the company's Gora deposit jointly developed by Teranga Gold (TSX:TGZ) in Senegal, the company's The cash flow is excellent and the profit of the accounting accounts is realized. The company also has 17 potential deposits developed with Teranga that are expected to generate more revenue for the company.

The second factor is that the geopolitical situation in the Central African Republic is improving. AXMIN's main asset is the Passendro Gold Project, located in the Central African Republic, where AXMIN acquired a 25-year mining permit area (355 square kilometers) in August 2010. At the same time, the company also obtained two three-year, renewable exploration licenses: Bambari 1 and 2 (1,240 square kilometers), which surround the mining permit area and cover a 90-kilometer trend along the vast expanse of the Bambari Greenstone Belt. band.

However, the Central African Republic has been in a state of turmoil for many years and the conflict between local armed groups has directly led to the stagnation of AXMIN’s project development. Recently, under the mediation of the international community, the security situation in the Central African Republic has improved. On February 6, 2019, the Central African Republic government and 14 armed groups in the country officially signed a peace agreement at the presidential palace in the capital, Bangui, meaning that the situation in the region has begun to stabilize, and the exploration and mining of AXMIN projects is expected to proceed smoothly. Become the main driving force for the company's stock price to rise rapidly.

The third major factor driving the rise in stock prices is that the company is cleaning up its balance sheet and its current financial position is optimistic. In 2008, Teranga invested US$6 million in exploration expenses and acquired an 80% interest in several exploration licenses in Senegal. AXMIN retained 20% of the project. In February 2012, AXMIN and Teranga revised the joint venture agreement. Under the new agreement, AXMIN chose to hold 1.5% of the net smelting rights of the Gora deposit. Since August 2015, AXMIN has received 1.5% net smelting royalties from the Gora deposit.

In the future, AXMIN will focus on projects in the Central African Republic and hand over several minerals in Senegal to Teranga for joint development. The company only charges a premium of 1.5% of total revenue. The success of the Gora deposit provided financial security for the development of Passondro assets by AXMIN, and the signing of the Central African Republic peace agreement further became a catalyst for AXMIN stock movements.

According to AXMIN's plan, the company will increase communication with investors in 2019, actively establish relationships with relevant government agencies, expand its influence in the Central African Republic, and strive to find strategic partners with strong capital and rich mining experience. Develop Passersono assets and fully enter the active business period.

The trend of the AXMIN compound once again verified several key points of the investment in the pennies of the junior mining companies : the holding of the asset development environment; the emergence of positive cash flow and increased expectations; the market holding mineral products is on the rise. As a gold mineral exploration company, AXMIN is a three-time all-in-one, so it has become the super darling of the market.


By mrduediligence

Posted: Wednesday Feb 20 6:42:57AM 2019

Good to see NAI finally putting out articles about AXM on QQ:


https://mp.weixin.qq.com/s/hXE1fv5B2UIeJGOxTKduJQ


Translated to English:


This junior gold stock rose 60% in 2019!
From  Wendy Zhang NAI500Yesterday 

In the article on why pennies should be included in your portfolio , we have mentioned that junior mining companies are a very important category, although most of the junior mining companies’ stocks are in a state of low trading and price all the year round, but grasp At several specific points in time, investing in junior mining companies can still quickly achieve ultra-high returns, which is unmatched by other types of stocks.

In the current trend of resource market, many companies are expected to rise, especially as gold prices are optimistic, gold mining stocks are worth looking forward to.

Recently, Toronto-based gold primary exploration company AXMIN (TSXV: AXM ) stocks are amazing (with photos), doubling the gains in four trading days, bringing investors a gratifying return.

Stock price trend (January 22, 2019 - February 19, 2019)

AXMIN is principally engaged in the exploration and development of gold projects located in Africa. In fact, in the past 2018, the company's share price has been launched from the bottom, and the stock price has nearly doubled in the whole year. That is to say, if an investor holds AXMIN stock in early 2018, its assets have been turned over. Ten times, this is an impossible income for ordinary stock investment.


Moreover, all of this happened when the company's news was relatively calm, indicating that the source of the increase was not the company's public relations hype, but the changes in the relevant environment and the improvement of the company's own cash flow.


In the interview, David Weill, the company's chief financial officer, mentioned three main factors driving the stock price increase: First, benefit from the flow of royalties generated by the company's Gora deposit jointly developed by Teranga Gold (TSX:TGZ) in Senegal, the company's The cash flow is excellent and the profit of the accounting accounts is realized. The company also has 17 potential deposits developed with Teranga that are expected to generate more revenue for the company.

The second factor is that the geopolitical situation in the Central African Republic is improving. AXMIN's main asset is the Passendro Gold Project, located in the Central African Republic, where AXMIN acquired a 25-year mining permit area (355 square kilometers) in August 2010. At the same time, the company also obtained two three-year, renewable exploration licenses: Bambari 1 and 2 (1,240 square kilometers), which surround the mining permit area and cover a 90-kilometer trend along the vast expanse of the Bambari Greenstone Belt. With  .....  [unfinished]


For the wonderful original content, please click "Read the original"


By mrduediligence

Posted: Monday Feb 18 11:14:55AM 2019

 
https://www.businessincameroon.com/wood/1802-8858-the-port-of-kribi-becomes-main-wood-export-channel-to-car
 
https://www.bollore-ports.com/en/worldwide-network/africa/port-of-kribi-cameroon.html
 
The Port of Kribi becomes main wood export channel to CAR
 
(Business in Cameroon) - Timber export conditions at the port of Douala, Cameroon’s economic capital, have been improving since the beginning of the year, the International Tropical Timber Organization (ITTO) noted.

 

However, despite this upturn which is the result of a slowdown in Chinese demand, ITTO said, some timber exporters now ship cargoes through the deep-water port of Kribi, commissioned in March 2018 in the southern region.

 

In a memo covering the period Feb.1-15, 2019, ITTO revealed that despite the improvement situation at the port of Douala, “exporters of sawn timber and logs to the Central African Republic shipped their cargoes through the port of Kribi”.

 

“It is logical that part of the traffic from the port of Douala should be redirected to the port of Kribi. This will allow to ease traffic,” Patrice Melom, MD of the autonomous port of Kribi (PAK), said at the end of a seminar held April 19-20, 2018 with players of the timber sector to discuss ways to carry out export activities within the Kribi port platform.

 

Wood exports at the Kibri port are carried out by Kribi Containers Terminal (KCT), a company controlled by the Franco-Chinese consortium Bolloré-CHEC-CMA CGM in partnership with the Chinese shipowner Cosco.

Brice R. Mbodiam
 


By mrduediligence

Posted: Sunday Feb 17 12:04:13PM 2019

Oh yeah, all the forums are waking up now. 


By Ken T

Posted: Saturday Feb 16 8:57:26PM 2019

I also see chatterr on the ceo.caa websiite, im sure your aware....


By Ken T

Posted: Saturday Feb 16 8:54:57PM 2019

Ya D, 1 dollar is a given.  I did a compare to a similar company in West. Africa pre 43-101, meaning we should be at a definite premium in that respect and I came up with 1.33$

        


By Ken T

Posted: Saturday Feb 16 8:54:29PM 2019

Ya D, 1 dollar is a given.  I did a compare to a similar company in West. Africa pre 43-101, meaning we should be at a definite premium in that respect and I came up with 1.33$

        


By mrduediligence

Posted: Saturday Feb 16 6:20:49AM 2019

Hey Ken,

You're welcome. I'm glad someone on this site was actually reading, that makes me happy. 

Awesome, Stockhouse is for sure the most active stock site, so good to have your input on there. I think your right on the price not dropping into the 20's again and I don't forsee anything going south in CAR since the Russians are overlooking everything. It's very likely they have troops all across the country now keeping tabs on anything and if someone gets out of line, they step in. The Chinese are close with the Russians so we can mine without issue. 

I also spoke to a few people that analyze gold plays and this is a $1 all day with Axmin back on Ndassima, a JV partner there(and paying for it all), plus we got the Senegal royalty as added value. Would love to see them restart that 5000m 2012 drilling campaign which could increase the 43-101 significantly. 


By Ken T

Posted: Friday Feb 15 2:09:54PM 2019

Hey D,

Thanks for putting me onto this one.  Been doing some research and posting on stockhouse.  I've also been doing a bit of opportunistic buying in the last couple days to get the price to pop for effect.  I never did get a full boat at the price I wanted but can't complain.  If the price goes soft in March I will be adding fairly aggressively, bit I don' t think we will see the 20s again, barring any sustained CAR violence.  My math says, compared to West African peers, we should be into the +1.3 range.  Of course as long as the peace treaty holds.


By mrduediligence

Posted: Friday Feb 15 7:32:20AM 2019

Multi year high reached today!


By mrduediligence

Posted: Tuesday Feb 12 6:04:50AM 2019

The Government of the Central African Republic (CAR) Announces a Peace Agreement with Armed Groups


Vancouver, British Columbia--(Newsfile Corp. -February 12, 2019) - AXMIN Inc.(TSXV: AXM) ("AXMIN" or the "Company") notes the following news release.


OnSaturday February 2, 2019 the Government of the CAR announced on social media that an agreement for peace had been made at the talks taking place in Khartoum. The Government stated that the agreement would be initialed on Sunday February 3, 2019 and thereafter it was signed in Bangui onFebruary 6th.


The agreement comes after discussions that were facilitated in Khartoum by the African Union and the Untied Nations with assistance from Russia. The key points of this agreement are:
An immediate cessation of violence by the armed groups against defense and security forces, UN personnel, humanitarian workers and the general population.
The armed groups will respect the legitimacy of the CAR's institutions and will disband.
The Government will analyse the reintegration of the leaders of the armed groups who previously served as civil servants or in the military.
The Government will set up a Truth, Justice, Reparation and Reconciliation Commission within 90 days.
The parties to the agreement will undertake to set up mixed security units that will include both the defense and security forces as well as former members of the armed groups.
A Prime Minister will be appointed drawn from a representative of the former armed groups.
The former armed groups will have the right to start political parties without hindrance.
Ambassador Smail Chergui, the African Union Commissioner for Peace and Security stated on social media:


… I am humbled to announce that with the exemplary cooperation I received from both the Government of the CAR(@GouvCF) and the 14 armed groups, we have secured a#peaceagreementtodayin the interest of the people of#CAR.


Separately onThursday January 31, 2019 the United Nations Security Council voted unanimously on a resolution drafted by France that provides for a road map to lift the arms embargo on the CAR. This resolution states that the Council will establish requisite benchmarks byApril 30, 2019 and will assess progress on these benchmarks byJuly 31, 2019. The Council will then review the arms embargo measures bySeptember 30,2019.


The resolution welcomes 'the significant efforts made by the CAR authorities' to advance security sector reform, including by developing a national defense plan and national security policy. This resolution acknowledged 'the urgent need for the CAR authorities to train and equip their defense and security forces to be able to respond proportionately to threats to the security of all citizens in the CAR.' The Council stated that it had granted several exemptions to allow shipments of weapons from France, Russia, China, the United States and Belgium for the CAR's army.


AXMIN's Chairman and CEO Lucy Yan stated:


AXMIN is delighted to hear that a peace agreement has been reached in Khartoum and hope that this agreement will be honored and bring security and stability to the CAR. The Company believes that the combination of the agreement together with the eventual lifting of the arms embargo should provide both the framework for stability and also the effective method of enforcement by equipping and deploying the military forces of the Government of the CAR. We look forward to being back on site and working on developing the Passendro asset as soon as conditions allow in the near future.


A further press release regarding the security situation in Ndassima, the location of the Company's Passendro asset, will be made when appropriate to do so.


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 Passendro Gold Project in the Central African Republic. For more information regarding AXMIN visit our website atwww.axmininc.com. Please also follow us on Facebook.https://www.facebook.com/axmininc


For additional information, please contact AXMIN Inc.:


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


General Enquiries
David de Jongh Weill
Chief Financial Officer and Corporate Secretary
david@axmininc.com
+65 9781 8281


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


By mrduediligence

Posted: Monday Feb 11 7:19:22AM 2019

Five new articles out today about the Central African Republic:


Central African Republic: Central African Ambassador - Peace Agreement Has Ended War - https://allafrica.com/stories/201902110217.html


Youtube Video(Feb.11) The people seeking peace after conflict in the Central African Republic - https://www.youtube.com/watch?v=0cVWHYbdjFA


Central African Republic seeks support from Bangladesh for military training - http://www.unb.com.bd/category/Bangladesh/central-african-republic-seeks-support-from-bangladesh-for-military-training/12456


African Union's Commissioner Says CAR Deal Unprecedented, Will Hopefully Promote Peace - https://www.urdupoint.com/en/world/african-unions-commissioner-says-car-deal-un-549752.html


AU Commissioner Thanks Russia For Helping Get CAR Peace Deal Parties To Negotiating Table - https://www.urdupoint.com/en/world/au-commissioner-thanks-russia-for-helping-get-549808.html


By mrduediligence

Posted: Saturday Feb 9 10:29:15AM 2019

The original 43-101 from 2011 was added back to Axmin's website this week, along with a post from their Facebook page which reads:

We have been asked to provide the original NI 43-101 study that was done so we provide the link here. Please note that this may change as when we get back on site, we will conduct a site survey and as per our January press release will most probably take a phased approach with a strategic partner to bring the CAR asset into rapid production, subject to and with the approval of the duly elected government of the CAR. http://axmininc.com/Presentations.php

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

http://axmininc.com/Presentations.php?fbclid=IwAR1SdVFj5u7ZpV5eiLlF_T7_MixEcfGXJuiPLfzt5ZBIBo3OfOIwbH7-vBU


By mrduediligence

Posted: Friday Feb 8 4:30:22PM 2019

Details from Central African Republic rebel deal released
 
https://wtop.com/africa/2019/02/details-from-central-african-republic-rebel-deal-released/
 
BANGUI, Central African Republic (AP) — An agreement signed by Central African Republic and 14 rebel groups earlier this week will see the dissolution of armed groups, the formation of an inclusive government and the creation of a fund for victims who have suffered in years of conflict, according to the accord seen Friday.

 

The deal signed Wednesday is the eighth since the fighting began in 2013 but the first to emerge from direct dialogue. The 30-page peace pact, negotiated in Sudan and titled the Political Accord for Peace and Reconciliation, evokes four main points: victims, justice, peace and national reconciliation.

 

The agreement says that armed groups will undertake to respect the legitimacy of the country’s institutions, and to renounce the use of arms and violence against the defense and security forces, U.N. personnel and humanitarian workers.

 

They also agree to refrain from any act of destruction, occupation of public buildings, place of worship and violence against the civilian population, as well as acts of sexual or gender-based violence.

In exchange, armed groups are able to create political parties.

 

The government, meanwhile, will monitor the agreement and analyze the reintegration of the leaders of armed groups who formerly served as civil servants or military.

 

The government is also committed to set up a Truth, Justice, Reparation and Reconciliation Commission within 90 days, cutting short the idea of amnesty long negotiated by armed group leaders.

 

The signatories also undertake to set up mixed security units that will include elements of the defense and security forces as well as ex-combatants after training.

 

This means that armed groups will dissolve their movement and help facilitate the return of the authority of the state and to participate in disarmament, demobilization, reintegration and repatriation within two months.

 

Armed groups currently control around 80 percent of Central African Republic, and President Faustin Archange Touadera, in power since 2016, has struggled to stabilize the country as armed groups compete over lands rich in gold, diamonds and uranium.

 

The major conflict in Central African Republic began in 2013 when predominantly Muslim Seleka rebels seized power in Bangui. Largely Christian anti-Balaka militias fought back. Rebels continue to carry out deadly attacks on displaced people’s camps and other communities.

 

The African Union, which oversaw the negotiations that began on Jan. 24 in Khartoum, has expressed optimism about the agreement.


By mrduediligence

Posted: Wednesday Feb 6 11:38:37AM 2019

For those looking for reliable up to date information about the CAR government, projects, info, etc, have a look at www.gouv.cf. It's in French, so you'll have to translate it via Chrome auto translate(or whatever browse you use) but there are tons and tons of projects going on that we don't even know about. Many of them are based around Chinese deals which bodes well for Axmin since we are majority Chinese owned. Below are some recent examples:

CEREMONY OF THE SIGNATURE OF AN ACT OF COMMITMENT TO THE REALIZATION OF THE BOALI2 FALL WORKS MARKET BETWEEN THE GOVERNMENT AND THE CGGC GROUP - http://gouv.cf/actualite/112/ceremonie-de-la-signature-dun-acte-dengagement-de-realisation-du-marche-des-travaux

CHINA CHINA COMMUNICATIONS CONSTRUCTION COMPANY LTD (CCCC) AND THE NATIONAL MATERIALS BOARD (NOM) SIGN PARTNERSHIP AGREEMENT - https://www.gouv.cf/actualite/111/le-groupe-chinois-china-communications-construction-company-ltd-cccc-et-loffice

THE CENTRAL AFRICAN AND CHINESE GOVERNMENT SIGN A DONATION AGREEMENT OF 2 BILLION FCFA OF HEALTH EQUIPMENT FOR THE HOSPITAL OF FRIENDSHIP - https://www.gouv.cf/actualite/70/le-gouvernement-centrafricain-et-chinois-signent-une-convention-de-don-2-milliards-de

LAUNCH OF THE PROMOTION PROJECT FOR SMALL MODERN HYDROELECTRIC PLANTS IN THE CENTRAL AFRICAN REPUBLIC - https://www.gouv.cf/actualite/69/lancement-du-projet-de-promotion-des-petites-centrales-hydroelectriques-modernes-en


By mrduediligence

Posted: Tuesday Feb 5 12:08:58PM 2019

Russia To Monitor Implementation Of Peace Deal In CAR - Ex-Seleka Leader

https://www.urdupoint.com/en/world/russia-to-monitor-implementation-of-peace-dea-546450.html


Russia To Monitor Implementation Of Peace Deal In CAR - Ex-Seleka Leader


 Sumaira FH  5 hours ago  Tue 05th February 2019 | 07:58 PM


Noureddine Adam, leader of a faction from the former Seleka - the Popular Front for the Renaissance of the Central African Republic (FPRC) - told Sputnik Tuesday that Russia would monitor the implementation of the peace deal between the Central African Republic's (CAR) authorities and armed groups
 
 
 
KHARTOUM (UrduPoint News / Sputnik - 05th February, 2019) Noureddine Adam, leader of a faction from the former Seleka - the Popular Front for the Renaissance of the Central African Republic (FPRC) - told Sputnik Tuesday that Russia would monitor the implementation of the peace deal between the Central African Republic's (CAR) authorities and armed groups.


The CAR president and armed groups earlier in the day initialed the peace deal between government representatives and 14 armed groups at talks in Khartoum.

"Russia will monitor the implementation of the agreement and will support the agreement's guarantor states," Adam said.

He said the agreement included the formation of a united army and security forces.


By mrduediligence

Posted: Tuesday Feb 5 6:56:38AM 2019

Peace Deal Officially Signed By CAR Government & Rebel Groups

https://abcnews.go.com/beta-story-container/International/wireStory/central-african-republic-rebel-groups-initial-peace-deal-60849833

Central African Republic, rebel groups initial a peace deal
Central African Republic, 14 rebel groups initial a peace deal after 5 years of fighting
By The Associated PressCAIRO — 2h ago
 
Central African Republic's government has initialed a peace deal with 14 armed groups following more than a week of talks in Sudan's capital.

President Faustin Archange Touadera is attending Tuesday's ceremony in Khartoum along with his Sudanese counterpart, Omar al-Bashir, and a representative of the African Union.

The agreement represents rare hope for the impoverished, landlocked nation where religious and communal fighting has continued since 2013. Thousands of people have been killed and hundreds of thousands displaced.

Details of the peace deal have not been announced, but Sudan's state media have reported that it focuses on power-sharing and transitional justice.

The United Nations has warned that the fighting in Central African Republic has carried a high risk of genocide. Scores of mosques have been burned. Religious leaders have been killed.


By mrduediligence

Posted: Sunday Feb 3 12:28:22PM 2019

Teranga Gold finally updated their website, along with some maps. This one shows all the AXM royalty claims and permits very well: https://www.terangagold.com/exploration/senegal/regional-land-package/default.aspx

Keep in mind that every area in Sounkounku and Bransan Lot-B has a 1.5% NSR for AXM. If you look at the 2017 43-101, there has been around 80,000m total of drilling, along with bulk sampling and work done on all the targets, more so on the stuff close to Gora. 

Targets 7,11,13,19,52 are all within 5km of Gora and with the infrastructure already there, makes sense to put them into production.


By mrduediligence

Posted: Saturday Feb 2 10:36:00AM 2019

Stars are aligning...


By Ken T

Posted: Saturday Feb 2 10:18:59AM 2019

I was just going to post on the agreement. Luckily I bought a good sized position last week.  This week should be interesting.

k should be interesting.


By mrduediligence

Posted: Saturday Feb 2 9:02:50AM 2019

Three Big Articles This Week: Peace Deal Signed, Embargo Update, Gold Demand Increasing Significantly 
 
CAR Peace Deal: https://www.reuters.com/article/us-centralafrica-peace/central-african-republic-reaches-peace-deal-with-armed-groups-u-n-idUSKCN1PR0HI?feedType=RSS&feedName=worldNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FworldNews+%28Reuters+World+News%29&&rpc=401
 
Embargo Update:  https://www.washingtonpost.com/world/africa/un-extends-central-african-republic-arms-embargo/2019/01/31/21dcf96e-25b1-11e9-b5b4-1d18dfb7b084_story.html?noredirect=on&utm_term=.375eb04ec803


Gold Demand For 2018: https://www.bloomberg.com/news/articles/2019-01-31/gold-demand-up-amid-biggest-central-bank-buying-spree-in-decades


By mrduediligence

Posted: Thursday Jan 31 6:59:35AM 2019

CENTRAL AFRICA: THE PRESIDENT OF THE REPUBLIC RECEIVED HE MR CHEN DONG, AMBASSADOR OF THE PEOPLE'S REPUBLIC OF CHINA.
 
http://lepotentielcentrafricain.com/?p=5381&fbclid=IwAR1-aRbxv8wLUIat0SOL2n6bX_pSVWbdbxb1aAkbZ6Bgst0O7ZGFh7BbcGk
 
Bangui, Jan. 31, 19

The President of the Republic, His Excellency Faustin Archange Touadera received in audience early in the afternoon of January 29, 2019, His Excellency Chen Dong, Ambassador Extraordinary and Penitentiary of the People's Republic of China near the Central African Republic.


The strengthening of bilateral cooperation between China and the Central African Republic was at the center of this meeting. 
Returning from China, His Excellency Chen Dong is carrying a message from the Chinese Government to His Excellency Faustin Archange Touadera. 
For the Chinese diplomat, this meeting with President Touadera made it possible to take stock of the various activities carried out in the Central African Republic in the framework of bilateral cooperation for the year 2018 as well as the projects on the agenda of the year 2019.

The Chinese diplomat Chen Dong also said that during the China-Africa summit in Beijing, President Touadera has sought multiform support of China. These supports, he says, concern the education, agriculture and security sector. This meeting with President Touadera was an opportunity to plan the implementation of these various projects during this year.

 
 
 


By mrduediligence

Posted: Wednesday Jan 30 3:04:28PM 2019

Partial lift and being allowed to buy weapons will help a lot. Might not be heavy equipment like tanks or helicopters, but it will give FACA new guns, kevlar, etc.


By mrduediligence

Posted: Wednesday Jan 30 3:03:34PM 2019

UN set to move toward easing Central African Republic arms embargo
 
https://thedefensepost.com/2019/01/30/un-ease-central-african-republic-arms-embargo/
 
 JANUARY 30, 2019 3 MINUTES READ
 
The United Nations Security Council is set to open the door to an easing of the arms embargo on the Central African Republic, five years after the country stood on the verge of genocide.

The government has repeatedly called for the restrictions to be lifted to allow arms supplies to shore up its security forces fighting militias that control much of the country. Prime Minister Mathieu Simplice Sarandji led a rally of around 3,000 people on Monday calling for the arms embargo to be lifted.

The Security Council will vote on Thursday on a French-drafted resolution that calls for a review of the arms embargo by September if the Bangui government meets benchmarks in managing weapons, disarming militias and reforming its security sector, according to the text seen by AFP on Wednesday, January 30.

The draft resolution would renew the embargo until January 2020 but open the door to a partial lifting that would allow the government to purchase weapons without seeking approval from the U.N. sanctions committee.

U.N. Secretary-General Antonio Guterres will submit a report by the end of July on whether the government has met the benchmarks after CAR presents its own findings by June 30.

Diplomats said Wednesday they expect the measure to be adopted.

“We think it’s a good idea to have a review of the embargo,” Russian Ambassador Vassily Nebenzia told AFP.

Russia has stepped up its presence in the Central African Republic, training troops, brokering peace talks with militias, and providing security and advice to President Faustin-Archange Touadera, sparking tensions with France, the former colonial power.

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.

The European Union also trains Central African military personnel. 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.

The U.N. sanctions committee has previously approved shipments of weapons. In December, France handed over 1,400 AK-47 assault rifles and three amphibious vehicles to the Central African Republic to shore up its beleaguered armed forces, and in 2017, the embargo was lifted to allow delivery of 1,700 Russian weapons for FACa.

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

In June, France, the U.S. and the United Kingdom put a hold on a request from Central African Republic for U.N. Security Council approval of weapons shipments from China.

Parfait Onanga-Anyanga, the outgoing U.N. special envoy to the CAR, said in September 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.

“China, but also the United States, have proposed new quantities of weapons,” Onanga-Anyanga said. “It’s for a good reason.”

Russia’s Ambassador to CAR Sergey Lebanov said earlier in September that a second shipment of Russian arms and ammunition was “in preparation,” and would be delivered once approved by the Security Council.

Averting genocide
The U.N. arms embargo was imposed in 2013 when the country descended into violence after President Francois Bozize, a Christian, was overthrown by mainly Muslim Seleka rebels.

At the height of the bloodshed in 2013, France warned that the country was on the verge of a genocide with reports of atrocities committed by roaming militias.

In 2017, a similar warning came from then-U.N. aid chief Stephen O’Brien.

The vote at the council comes as the latest round of peace talks between the government and armed militias stumbled in Khartoum over demands for an amnesty for rebels.

It is the the eighth bid in six years to agree a lasting peace. The last attempt, in 2017, was forged with the help of the Catholic Church, but fighting resumed within a day, leaving 100 dead.

The Sudan-hosted talks which opened last week are expected to continue for up to three weeks.

The draft resolution also renews the mandate of a panel of experts who reported to the council last month that fighters of the former Seleka alliance had received fresh weapons supplies from traffickers in Sudan.

The militia groups are re-arming to counter the deployment of the newly trained and equipped government troops to their areas of influence, the panel’s report said.

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

Fighting broke out between the Seleka, a coalition of mainly Muslim rebel groups, and the mainly Christian anti-balaka militia in 2012. A peace deal was singed in January 2013, but Seleka rebels captured the capital Bangui that March and ousted President Francois Bozize.

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

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

Elected in 2016, Touadera’s weak government controls around a fifth of the country and relies heavily on the U.N. peacekeeping mission, Minusca, for support. The rest is controlled by at least 14 different militia groups who often fight each other for revenue from extortion, roadblocks or mineral resources.

Violence since 2012 led to thousands of deaths. Nearly 700,000 people are displaced, 570,000 have fled the country and 2.9 million – 63 percent of the population – are in need of humanitarian aid, according to the U.N.


By mrduediligence

Posted: Wednesday Jan 30 10:44:37AM 2019

I have a good feeling about the embargo ending just because of the global pressure on it and local pressure. Russia and major players didn't arrive until after the embargo was extended last year and look at all the progress made. So to get some better military gear into the country, that would stabilize things quickly. I just want to see Axmin back on Ndassima, we're so close!


By Ken T

Posted: Wednesday Jan 30 9:37:12AM 2019

Ya if these talks fail, faca needs to over welm the remainders and move forward.  I think the embargo will end though.


By mrduediligence

Posted: Wednesday Jan 30 9:13:42AM 2019

When the UPC were booted out of Bambari, the rebel group had around 500 fighters. I read 3 reports about their deaths, captures and so forth. Then about 2 weeks ago I saw an article saying they lost all their bases and about 80% of their troops. So if FACA(which has around 8000 soldiers) did that to the second strongest rebel group without any sophisticated weaponry, then getting rid of the FPRC and other smaller groups won't be difficult. Right now everything is calm because of talks, but that can change quickly.


By mrduediligence

Posted: Wednesday Jan 30 8:59:29AM 2019

I figured that would be a key issue with the peace talks. They can't give amnesty to leaders of rebels. But even if the fighting continues and embargo doesn't drop, FACA has already gained back a significant amount of ground even with their basic weaponry thanks to the Russians. 

It's either the rebels give themselves up and make it easier for their groups, or die fighting against Russia/FACA. Bambari was under rebel control for several years until recently. Now based on the Axmin social media pages that re-post government material, it's a growing town again. 


By Ken T

Posted: Wednesday Jan 30 8:49:03AM 2019

By mrduediligence

Posted: Monday Jan 28 2:19:49PM 2019

Central African Republic Peace Talks 'Going Well' - Sudan Observer

https://www.urdupoint.com/en/world/central-african-republic-peace-talks-going-w-542163.html

KHARTOUM (UrduPoint News / Sputnik - 28th January, 2019) Talks in Khartoum to hammer out a peace deal between the government of Central African Republic and numerous armed groups are progressing, a Sudanese observer told Sputnik on Monday.

 

The African Union-brokered negotiations have been on since last Thursday. They are observed by the UN, Sudan, Gabon, Chad, Equatorial Guinea, and Congo.

"The talks are going well ... The African Union has listened to them [sides] and put forth its first document with proposals for different parties," Ata Al-Mannan, a state minister with the Sudanese Foreign Ministry, said to Sputnik.

The minister said observers were sifting through the union's recommendations, which will lay the groundwork for the future arrangement between all stakeholders in Central African Republic.

 

The landlocked country has been suffering from a drawn-out conflict since a coup in 2013. Much of the fighting in recent years has been between Muslim-majority Seleka and Christian Anti-Balaka militias.

The government has sent a delegation of senior ministers to Khartoum, led by the president's chief of staff, Firmin Ngrebada. Delegates from 14 armed militias are attending, as are religious leaders, human rights advocates and other civil society figures.


By mrduediligence

Posted: Monday Jan 28 9:17:55AM 2019

Bangui calls for UN arms embargo to be lifted

https://www.dailymail.co.uk/wires/afp/article-6640235/Bangui-calls-UN-arms-embargo-lifted.html


By AFP PUBLISHED: 08:35 EST, 28 January 2019 | UPDATED: 10:00 EST, 28 January 2019

The prime minister of Central African Republic led a rally of around 3,000 people on Monday calling for a global arms embargo to be lifted ahead of a UN meeting later this week.

The mineral-rich country, wracked by ethnic and religious conflict since 2013, has been subject to a UN Security Council arms and ammunition embargo for the past five years.

Speaking on a podium in Bangui's central Place des Martyrs, Prime Minister Mathieu Simplice Sarandji said: "This is a lock that deserves to be opened, this is an embargo which strikes our defence and security forces."

"The government respects the embargo while armed groups receive weapons! The people of Central African Republic can not understand this law of double standards," he said to cheers from the crowds in the capital.

The UN Security Council will on Thursday decide whether to renew the embargo, which bans weapon supplies to the country unless approved by a UN sanctions committee.

The authorities in Bangui have repeatedly called on the UN to lift the embargo.

The sanctions are aimed at ensuring imported weapons do not end up in the hands of militias in the corruption-prone country.

The committee has previously approved shipments of weapons from France and Russia but Chinese weapons deliveries have been blocked.

A UN report last year said "the recent acquisition of arms by the government has prompted factions" of militias to rearm.

Several protesters on Monday blamed UN Security Council member France for maintaining the embargo.

"We have soldiers who no longer work because of the embargo. It's because of France," said demonstrator Pierre.

"Only the army can ensure the security of CAR. We want Central African Republic to regain its sovereignty, we want the total lifting of the embargo," said another protester, Fiacre.

One of the world's poorest nations, Central African Republic 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 percent 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 been internally displaced and another 570,000 have fled abroad.
 


By mrduediligence

Posted: Saturday Jan 26 8:05:56AM 2019

CAR / Khartoum peace talks: Central African government and rebels actively seeking compromise to achieve lasting peace

https://africandailyvoice.com/2019/01/26/rca-pourparlers-de-paix-a-khartoum-le-gouvernement-et-rebelles-centrafricains-recherchent-activement-un-compromis-pour-parvenir-a-une-paix-durable/

2019-01-26 Central African Republic , POLITICS

Khartoum, Sudan (ADV) - At the end of a first day of exchange and contact between Central African rebels and the Bangui government, everything gives the impression that clashes and misfortunes will be the ills that will now befall any nobody lurking or not in the shadows who would try to destabilize the Central African Republic; the willingness of the various protagonists of the Khartoum dialogue has been shown and we can no longer manifest in the early hours of the talks prepared since 2017, under the auspices of the African Union and initiated at the end of August by the Russian Federation, always here at Khartoum.

In the sudden capital, on 25 January, the Central African armed groups said they were optimistic about the continuation of the dialogue that takes place in the presence of the organizers and all the delegations that came to support the Central African brothers in this important moment in their history, in the search for lasting peace and national reconciliation for all the children of the country ... In their words, we mean a will to make a clean sweep of the past and disputes that have lasted too long, as evidenced by these words of a political adviser of the FPRC, Abakar Salom. 
Extract.

 

For its part, the Central African government, through its head of mission in Khartoum, Firmin Ngrebado, hailed the fact that the representatives of the armed groups are all in favor of a peace agreement to get the country out of the deadlock and security. to truly rebuild.

The government and rebel groups will therefore actively and responsibly seek this compromise, a prerequisite for the return of peace in the Central African Republic.

An episode that promises to be difficult, according to some observers, to the extent that, according to them, the main demand made by the armed groups revolves around the division of power and the request for a government of national unity.

However, it is important to note that at this stage of the exchanges, the demands of the rebel groups have already been heard by the Central African government. The government will certainly share its answers in the hours or days to come ...

Meanwhile, all the actors and organizers of these meetings welcomed the first moments of this dialogue and especially the day of 25 January 2019 behind closed doors, marked by a presentation on the origin of the conflict in Central Africa, the government statement of the Central African Mission in Khartoum and exchanges between the two sides in a question-and-answer format.

 

The rest of the process is certainly to come, but in Khartoum for the moment, on the future of the CAR, it is the tranquility that reigns.


By mrduediligence

Posted: Thursday Jan 24 8:14:30AM 2019

Peace Talks Between Rebels & Central African Republic Have Begun

Before reading the article below, keep in mind that the CAR government has already taken back a significant amount of area through it's FACA forces, with the help of the UN and Russia. The peace talks and embargo only speed things up, but Axmin announced their update without any regards to the events taking place. The company will get back on the claim either way.

https://africandailyvoice.com/en/2019/01/24/central-african-republic-stakes-inter-central-african-talks-khartoum-sudan/

NEWSROOM (ADV) – Inter-Central African peace talks in Central Africa are opening on Thursday, January 24, 2019 in Khartoum, the Sudanese capital.

The armed groups and the government are scheduled to meet in the Sudanese capital from 24 to 30 January to discuss the issues of peace in order to truly initiate the disarmament of armed groups for an end of the crisis in the Central African Republic, which is sinking into violence for several decades.

Several personalities and representatives of armed groups are invited by the African Union. Almost all armed groups have agreed to take part in these exchanges, despite the context of tensions in some cities in the interior of the country.

These so-called “last chance” talks present several issues. They come a the government launched the process of justice, something that these groups do not admit and advocate amnesty yet denounced by all.

The division of power, especially the prime minister, is part of the demands of these armed groups, who then demand a government of national unity.

This dialogue will open in a context of Western interferences following the Russian presence which made a remarkable diplomatic breakthrough for two years, after having been authorized by the UN Security Council to deliver arms to the Central African Armed Forces and to train them in handling these weapons. Also without losing sight of geopolitical and geostrategic issues.

Already, in a statement, the government invites the peace-loving Central Africans to mobilize behind the negotiating team with the firm intention of reaching a compromise with the armed groups, in the strict respect of the Constitution, the National Unity, Territorial Integrity, Secular and Republican Form of the State and Conclusions of the Bangui National Forum.

This dialogue of Khartoum, which is the first step according to the AU calendar, comes five months after the Russian initiative that brought together the 5 most influential rebel leaders of the country, who signed an agreement to guarantee the success of the African Peace Initiative.


By mrduediligence

Posted: Tuesday Jan 22 5:25:26PM 2019

134.2 million common now with 63% insider/institutional holdings and then there's around 4 million options

https://web.tmxmoney.com/quote.php?qm_symbol=AXM

etailed Quote
Open:
0.185
High:
0.19
Shares Out.:
134,237,381
Beta:
-0.135864
Prev. Close:
0.185
Low:
0.18
Market Cap:
25,505,102
VWAP:
0.187342
<trclass="" style="box-sizing: inherit; text-rendering: optimizelegibility !important; -webkit-font-smoothing: antialiased !important;"></trclass="">Dividend:
N/A
Div. Frequency:
N/A
Total Shares:
134,237,381
P/E Ratio:
11.90
EPS:
0.020000
Yield:
N/A
Ex-Div Date:
N/A
Escrow Shares:
0.00
P/B Ratio:
19.00
Exchange:
TSXV


By Ken T

Posted: Tuesday Jan 22 2:50:02PM 2019

OK so figured out how I got the shares wrong.  SEDAR has a filing dated for 2018 but its actually a filing from 2006.

The correct number outstanding looks to be 138,000,000


By Ken T

Posted: Tuesday Jan 22 2:36:17PM 2019

OK so figured out how I got the shares wrong.  SEDAR has a filing dated for 2018 but its actually a filing from 2006.

The correct number outstanding looks to be 138,000,000


By Ken T

Posted: Tuesday Jan 22 12:24:45PM 2019

And of course an other question.  I see a presentation from 2012 that shows shares outstanding of 213M.  But then I see a presentation from 2018 with shares of 138M.....


By mrduediligence

Posted: Tuesday Jan 22 11:43:44AM 2019

Sounds about right to me. A far cry from where we are at, but I think we will end the year around $1 just getting back to Ndassima, announcing a JV partner and getting production started. From there on in it will take some more drilling of the expansion claims, along with larger profitable quarters from the sale of the gold from CAR and we can get to around $2.50 - $3 I think in 20-24 months assuming we get 6-7 quarters of at least 5-10 cents EPS per quarter. Then the other unknown is if when the other Teranga targets start producing. 


By Ken T

Posted: Tuesday Jan 22 11:35:16AM 2019

D

 So I did some quick math, and with 1300/dollar gold I get a NAV north of 3$.  That sound about right?


By mrduediligence

Posted: Tuesday Jan 22 7:52:58AM 2019

The price went from $0.10 to over $1 briefly, then pulled back. But I do believe with news about going back to Ndassima + a JV partner, the price can make it back to that $1 range pre-production. Keeping in mind that no royalty for Senegal existed back then, it was still spec land.


By mrduediligence

Posted: Tuesday Jan 22 7:51:58AM 2019

The chart is a strange one because of the rollback, but it was trading around $0.10 back in 2010, then the rollback for 10:1 in 2011 took the float from 600+ mil shares to 60+ mil shares. After everything fell apart, the Chinese did a few private placements to take the common shares to 130 million and recently a deal with the CAR government group added 3.46 million shares. But AOG/Chinese/Insiders still own almost two thirds of the common shares.


By Ken T

Posted: Tuesday Jan 22 7:17:27AM 2019

Hey D

An other question for you if I may?  I was looking back the full 17 years.  Was AXM actually trading 8 to 10 bucks for most of 2007?  They did a share consolidation in 2008 but looks like the chart is adjusted for that. I some how feel ike I'm fooling myself...


By mrduediligence

Posted: Tuesday Jan 22 6:26:10AM 2019

Hello Ken,

I agree, the presentation needs work for sure. But that's thanks to Jin, the prior CFO who was let go. She actually did a lot of damage in terms of PR work over the last few years. I couldn't even get a hold of the company, had to speak with the independent David who is now the new CFO. As that changed, so did the stock price.

Anyway, the diagrams were probably from some older presentations. Here are some older ones from 2010 to 2012 that should shed more information on drill results, more detail, etc. 

https://www.yumpu.com/en/document/view/29893170/passendro-gold-project-axmin-inc

This was the original promoter for AXM back before the crisis?


By Ken T

Posted: Monday Jan 21 7:42:16PM 2019

D

I noticed you posted the 2011 presentation.  Have you seen the 2018 pesentation?

http://www.axmininc.com/images/axmin_presentation_8jun2018.pdfpdf

Points out locations of illegal mining, and has other interesting graphics.  The bit that drives me nuts is they provide no legends for anything.  What are the red dots? Drilholes?  What are the yellow dots? Grab samples?  Purple dots, triangles, all kinds of coloured in areas.  Couldn't tell you what any of it means.  What I'm really curious about is the dark red shaded areas that are on the illegal mining graphic that overlaps their exploration permits. What could that possibly be?  Does someone else own that?  In the past I've had to put together presentations for management for multi-nationals. A presentation like this would get slaughtered...


By mrduediligence

Posted: Monday Jan 21 3:11:44PM 2019

Slowly but surely the UN/FACA/Russians/ will clear out these rebel groups. The UPC in Bambari are the second toughest group in the country and I read in a French article that they lost 80% of their troops and all bases. The leader Ali Darassa is on the run, so some underlings beneath him are running what's left of that group. FACA is now around 10,000 soldiers versus maybe 2500 rebels total between 14 groups and they all fight each other. I really believe this crisis will be resolved in 2019, but a peace deal with some rebel groups and the embargo dropping will speed things up significantly. 


By Ken T

Posted: Monday Jan 21 11:48:18AM 2019

Found some video of the Portuguese and I could hear some French so assume some embedded CAR military raiding some rebel strong holds. They look well equipped and trained.

Gaining more confidence there is commitment to clearing out the rebels.

https://www.euronews.com/2019/01/18/watch-portuguese-paratroopers-raid-rebel-base-in-central-african-republic


By mrduediligence

Posted: Sunday Jan 20 5:14:43PM 2019

Hey Ken,

Oh no, I didn't take it in any negative way whatsoever. There's a reason why AXM is still sub 20 cents even though it has dollars in value in gold assets. But I think that's the big risk/reward here for those that do the due diligence and are patient. Odds are in favour of peace and the billion dollar question is when is it time to go back. Based on the "near future" mention in their last news release, I don't think it should take longer than a couple months. Bambari is important, but at the same time they could always go the Balaka-Ippy access way which is west to east and bypass Bambari for now. A peace deal with some groups, embargo drops and training of more FACA soldiers will bring a solution to the country. Most of those armed men would rather die than give up their weapons which is unfortunate but it has to be done for the greater good of the Central African Republic. But we do have Senegal as a nice insurance policy, so it's not like a one hit wonder going on here.


By Ken T

Posted: Sunday Jan 20 9:56:39AM 2019

Hi D

Don't take my post wrong.  I see the aggressive rebel mining as a huge confirmation of near and at surface deposits with high enough grades that its visible to the naked eye.  The fact that so many people were killed tells me they were tunneling at the time.  You dont dig a tunnel chasing 4 g/t.  40, yes.  Losing 30,000 is nothing.  And the fact that they find veins to mine and tunnel after, just by looking, tells me they must be prolific in areas.

I think the weapons embargo is key, as well as continued direct support from Portugal/ The UN and who ever is is involved.  If the region continues to be stabilized, this will be huge.


By mrduediligence

Posted: Sunday Jan 20 8:47:18AM 2019

Hello Ken,

Very interesting, you probably know the potential more so than myself. Originally I bought AXM because it was an earnings based play from the Senegal royalty and the upside of additional targets. But over the last 10 months, I have come to understand the gold deposits and potential across Africa to be unreal. I myself am a mineral prospector with claims of my own and I would dream to find something even a fraction of what is available across the African continent in terms of ease of access, grades, etc. 

Yes, that was a very tragic event and likely they wanted the best strike zones to extract. 

The company still has all their assets, including the bambari 1 & 2 extension permits that border the current operation. They were suppose to do a 5000m drill campaign at the end of 2012 before the civil unrest started and that never happened. But I have read on some websites (french converted to english) that there were illegal miners in those areas, so perhaps the extension claims are already gold bearing and the illegal miners proved this? But I can't seem to find those sites anymore so can't really be sure. If the company has been extending the expansion claims for years, my guess is they have good insight as to if the gold deposit expands onto Bambari 1 & 2.

With the new JV partner announced this week, well one of several, my guess is they will be 50/50 and incur all costs on Passendro and AXM gets to sit back and let this larger company work on everything. Chinese own a majority of the stock and do not want to dilute and lose control. Dilution I feel will be very unlikely and debt equity could always be an option, but not sure.

Oh I'm sure we will see an update of the site. Now there's a large hold that the illegal miners made, but that's 1 of 6 areas of gold and by my calculations, they took at most 30,000 ounces over 5 years but saved the company money on removing overburden, so not a total loss. Plus when the resource is that large, 30K ounces isn't that bad.

The UPC(main rebel group in the area) is trying with all their might to get back Bambari, which they held from 2015 until the end of 2017. Now the CAR forces, Russians and UN are holding them off. I have some friends that live in Africa and have better access to information, but what they told me is the attack was a setup for "world food day" as they government intel knew the UPC would try and come back to ruin that day. So they used it as a way to draw in their forces and take them out. This week I read an article on one of French CAR websites saying that the UPC have lost over 80% of their fighters since November and all their close bases. Plus the leader Ali Darassa has fled. The UPC are suppose to be the second most powerful rebel group next to the FPRC in CAR and they had the best financing and weaponry. So if those guys got taken out, then the other groups should be just as easy?

Anyway we have two big events coming. January 24th are peace talks and if even a few groups surrender, that can speed up the overall stabilization. Then on January 31st the UN will vote to drop the weapons embargo. I believe CAR can get back to normal as is, but having a few groups surrender and have the embargo dropped would change the speed of things very quickly. 


By Ken T

Posted: Saturday Jan 19 11:49:31AM 2019

D

Not to put a damper on things, but read here https://reliefweb.int/report/central-african-republic/acled-regional-overview-africa-15-january-2019. that rebels attacked Bambari 10-11 Jan. 

Also read that rebels had been buying AKs, grenade launchers and ammo in Sudan as late as first week of Jan.  https://www.news24.com/Africa/News/car-rebels-buy-weapons-from-sudan-traffickers-un-report-20190102 .  This story is definitely interesting but I don't know that the rebel story is over yet.


By Ken T

Posted: Saturday Jan 19 10:49:04AM 2019

Sorry that last post referenced Senegal drill results, but this one is from CAR and has one drill result at 52.7 g/t....

http://www.axmininc.com/July292008.php


By Ken T

Posted: Saturday Jan 19 10:25:02AM 2019

MrD

I lived in Africa for a while so I have a bit of a unique perspective.  Your right, deposits are close to surface. Unfortunately the rebels had 2 mining collapses where they were most likely tunneling into the sides of open pits with deaths of 40 some and 25 people.  They would have been chasing high grade veins similar to the ones mentioned in this PR http://www.axmininc.com/May1010.php.

Thanks for the PDF.  Looks like things have been on hold for 7 or 8 years.  Do you know anything about permit extentions or financing?  They had something set up with standard bank SA but I imagine they would need to renegotiate that?

Do you think we will see an update on the condition of the site?


By mrduediligence

Posted: Friday Jan 18 7:42:44AM 2019

The Central African Republic gets set for free trade


https://www.uneca.org/stories/central-african-republic-gets-set-free-trade
 
Yaounde, 18 January 2019 (ECA) – A total of 83 leaders from the public and private sectors of the Central African Republic (CAR) have completed a three-day training to appropriate rules of origin procedures for accrediting national industrial products into the ECCAS-CEMAC Harmonized Preferential Tariff regime.

 

Facilitated by the Subregional Office for Central Africa of the UN Economic Commission for Africa (ECA), the training took place in Bangui as part of a series that has already benefitted local investors and administrative officials in Cameroon, the Republic of Congo, Gabon, Chad and the Democratic Republic of the Congo.

 

The series of training ultimately seeks to fully activate free trade within the ECCAS and help to operationalize the African Continental Free Trade Area (AfCFTA), whose legal instruments were signed on 21 March 2018 in Kigali, Rwanda.      

 

The trainees are expected to use the insights from the workshop to make better use of the current preferential tariff regime in place across ECCAS countries, given that current ECCAS arrangements have removed tariffs from the intraregional export-import of items that have been locally produced and transformed, yet were little known or applied on the field.

 

"In prelude to our exposure to the huge opportunities the continental marketplace (AfCFTA), the appropriation of the sub-regional market is a challenge that we must first tackle together as the public and private sector” said the CAR Minister of Trade and Industry – Mr. Come Hassan, who opened the training session.

 

“This training, which is an essential link in the chain leading us towards a free trade area, will therefore plug the knowledge gaps we face around the contours of intra-African trade,” he added.

 

He said it was high time the CAR worked to the extent that its “market becomes a supplier” of finished products to the Central African subregion and beyond.

 

For his part, Mr. Simon Fouda – Economic Affairs Officer and Representative of the Director of ECA's Subregional Office for Central Africa, called on the beneficiaries of the training to immerse themselves in the mastery procedures for benefitting from the CEEAC-CEMAC preferential tariff for local industrial products, as this will "concretely exude the benefits of the Central African Free Trade Area".

 

Tariff and non-tariff barriers as well as limited economic diversification and product complementarity among Central African states have contributed to the lower performance of the subregion in terms of intra-Africa trade, which stands at about 3% against the African average of 17%.

 

The Bangui training brings the number of persons trained to take advantage of the ECCAS-CEMAC Harmonized Preferential Tariff regime to boost intraregional trade in Central Africa to almost 400 across six countries of the subregion. Actors in the rest of the countries of the subregion will also be reached.

 

Funding for the activity was made possible thanks to a contribution agreement signed by the European Union (EU) and the UN Economic Commission for Africa (ECA) for the further harmonization of ECCAS and CEMAC trade policy instruments.

-ENDS-

 

Issued by:

The Sub-Regional Office for Central Africa 

UN Economic Commission for Africa (ECA)

P.O. Box 14935 Yaounde, Cameroon

Tel: (+237) 222504348 / 222504315 / 222504321

Email: sroca@uneca.org

 

Media Contacts

Abel Akara Ticha – Communication Officer

Tel: 237 222504348


By mrduediligence

Posted: Friday Jan 18 7:42:12AM 2019

Hello Ken!

Nice to see another poster for once. 

As far as I understand, the gold is near surface and this was also verified to me when I contacted Axmin management. As well, the illegal miners were also getting gold from the overburden and first few meters, so it's low cost and easy to access. 

To get the nitty gritty, best thing to do would be going through their news releases: http://www.axmininc.com/Newsnbsp.php

But perhaps sold older company presentations will have more details?

http://static.gowebcasting.com/documents/files/events/event_00000479_Of2P80wo.pdf

https://www.yumpu.com/en/document/view/29893170/passendro-gold-project-axmin-inc

The deposit is identical to what it was in 2011 when it was slated for production, so going back 6 years later will be exciting! Except management wants to do gravitational/placer style mining which is faster and cheaper to setup, the only setback being much less ore processed. But I'm ok with that, so long as the margins stay high.


By Ken T

Posted: Thursday Jan 17 4:06:11PM 2019

Hi MrD,

I looked at axm's website and could not find mention of ore body depth or intercept thickness. Have u seen this info? 2g/t is good but only if reachable.  Would be nice to see individual drill hole results.

Ken


By mrduediligence

Posted: Wednesday Jan 16 8:05:57AM 2019

ECCAS Ambassador Expects CAR Peace Agreement To Be Reached At Khartoum Meeting

https://www.urdupoint.com/en/world/eccas-ambassador-expects-car-peace-agreement-530913.html

MOSCOW (UrduPoint News / Sputnik - 16th January, 2019) The Economic Community of Central African States' (ECCAS) ambassador to the Central African Republic (CAR) told Sputnik on Wednesday that he believed the CAR government and the representatives of the country's militia groups would be able to reach a peace deal during their upcoming meeting in the Sudanese capital.

A week ago, the Sudanese Foreign Ministry announced that the next round of peace talks would be held in Khartoum on January 24.

"I expect an agreement between the CAR government and the 14 armed groups invited for the dialogue ... ECCAS does support an inclusive agreement for peace in CAR," Adolphe Nahayo, who will be part of the ECCAS delegation to the meeting, said.

 

The Central African Republic has been marred by clashes between the predominantly Muslim armed group Seleka, the Christian Anti-balaka militia, and the government forces since 2012.

In August 2018, Seleka and the Anti-balaka militia agreed to establish a platform for consultations on sustainable peace in the African nation. The groups then also called on the government to seek help from Russia, the European Union, and other regional and international players in the reconciliation efforts.


By mrduediligence

Posted: Tuesday Jan 15 5:33:47PM 2019

Note: The UPC was the main rebel group that controlled Bambari, Ndassima and the surrounding area. That group has now been removed, thus giving the government room to move in and secure everything. Axmin's gold deposit is in Ndassima. Despite Ali Darassa escaping, he has no force to command and his funding sources are now gone.

https://corbeaunews-centrafrique.com/centrafrique-combat-de-gbokologbo-comment-ali-darassa-a-pu-sechapper/?fbclid=IwAR0cn_nzEOe_FVVkOE263WDkHO3xklcxPWuqEoSgfCpagbzIycISpYWJAfQ

Sunday, January 13, 2019 around 6 am, after the complete destruction of the UPC military bases, the Portuguese forces left Bambari for the village Gbokologbo , second stronghold of the UPC in Ouaka , 60 kilometers on the Alindao axis . The objective according to the Minusca , clear the rebels in all the sector close to Bambari .

Meanwhile, Rwandan soldiers from Minusca , based in the Alindao sub-prefecture , have been alerted of the next operation that will take place in the second stronghold of the UPC in Ouaka . Immediately, they spent the night from Saturday to Sunday, January 13 25 kilometers from Gbokologbo , blocking the northern exit of the rebels to Alindao .

At the same time, the Portuguese forces , which are progressing from Bambari, begin to confront the rebels of the UPC 40 kilometers from Bambarito Digui village .

As the fight progressed , the Portuguese advanced dangerously from Gbokologbo . Only 5 kilometers away, rebel leader Ali Darassa and his friend Hassa BOUBA , former advisor to President Faustin Archange TOUADERA , called for a cease-fire to negotiate.

While the Minusca poses its conditions, including the dismantling of all the barriers, as well as

the non-circulation of rebels with guns in the corner , Ali Darassa accepts all these imposed conditions.

As a good rogue, rebel leader Ali Darassa and some of his men, including Hassan Bouba quietly left the village.

As if that were not enough, some rebels came out behind the Rwandan soldiers and opened fire.

Immediately, the Portuguese and Rwandan forces entered the Gbokologbo village to drive out the rebels.

Here too, all the UPC bases were destroyed by the Minusca forces .

While rebel leader Ali Darassa and his friend Hassan BOUBA fled to the town of Ngakobo , much to everyone's surprise, Hassan BOUBA was released on Tuesday (January 15th) in Ndélé , the provincial capital of Bamingui-Bangoran . Immediately, he is summoned by gde to leave the city. Since then, he is no longer visible.

For the time being, no rebel, at least in weapon or outfit , is no longer visible in Bambari and Gbokologbo .


By mrduediligence

Posted: Monday Jan 14 4:37:10PM 2019

AXMIN Chairman and CEO Provides Update for 2019

https://www.newsfilecorp.com/release/42166/AXMIN-Chairman-and-CEO-Provides-Update-for-2019

Vancouver, British Columbia--(Newsfile Corp. - January 14, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") Chairman and CEO Lucy Yan provides an update for 2019 commenting as follows:

2018 was a transformational year for our Company. Royalty payments together with the resolution of the long-standing accounts payable have placed AXMIN on a strong foundation and we intend to build on this foundation in 2019. Our main focus will be to become operational in the Central African Republic (CAR) to develop the Passendro asset.

AXMIN has maintained a constant presence in country during this difficult time and enjoys an excellent relationship with the authorities in Bangui and also in Bambari. We are monitoring the security situation carefully and when security returns, we have plans in place to renew our operation. We note that the CAR arm forces (FACA) have been deployed to Bambari and are now being deployed in surrounding areas. We are informed by the authorities in Bangui that we should anticipate being operational again in the near future.

To this end, we are expanding our presence in country and will add additional senior staff to assist this process. AXMIN has been approached by several potential strategic partners to assist with the development of the asset. The Company will commence a formal process to select the strategic partner once we have clarity on timing the return to Ndassima. We have completed an online data room for this purpose. The selection criteria will favor very large well capitalized companies with mining and infrastructure construction experience in Africa. The first objective will be to complete a site survey and then commence a phased development plan with rapid production being the priority.

Going forward, AXMIN will have two distinct parts to our operation in that we anticipate having royalty income from our assets and having operational income from the CAR asset. In order to better facilitate transparency and maximize shareholder value, the Company is investigating how best to structure these two separate activities. AXMIN is taking advice in this regard and may create a separate entity for the purpose of realizing royalty income from Senegal and other potential assets that may be added.

In 2019, the Company looks forward to being more communicative with our shareholders. We have commenced a presence on social media and will be providing an updated company presentation as well. Management is looking forward to another strong year for the Company in 2019 and will keep the market updated with further press releases on each of the matters above when appropriate.

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. Please also visit us on Facebook.

For additional information, please contact AXMIN Inc.:

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

General Enquiries 
David de Jongh Weill
Chief Financial Officer and Corporate Secretary 
david@axmininc.com

+65 9781 8281

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


By mrduediligence

Posted: Friday Jan 11 8:42:59AM 2019

Central African Republic: the army gradually resumes its provisions before the crisis


 
https://africandailyvoice.com/2019/01/09/centrafrique-armee-reprend-peu-a-peu-dispositions-avant-crise/?fbclid=IwAR3l19xpxnyFE5NNEp_qa3Y6ZPI_KXkqipQJ5p3hXVJWgxbDgglSAHkC0bg


 
Bangui, Central African Republic (CAR) - The Central African army is becoming more powerful and regaining control of several cities once occupied by rebels. The city of Bocaranga in the Northeast is taken over without a fight on January 7, 2019.


 
The Central African Armed Forces (FACA), dislocated since the seizure of power of the Seleka rebellion in 2013, began to restructure with the support of the European mission EUTM-RCA but especially the Russian instructors, who train them in handling weapons and fighting techniques.


 
Even though several cities still remain controlled by rebels, who continue despite the UN embargo on arms to rearm, the national army, which launched the reconquest of cities is moving forward in its project, a wish the most money of the population, already bruised by the crisis.


 
The city of Bocaranga, a sub-prefecture of Ouham Pendé in the north, formerly occupied by the rebels of 3R Sidiki Abbas, returns under the control of the army, after a first attempt last December. According to ADV information, the warlord Sidiki has entrenched himself 40 km from the city. Angry, his elements attacked, looted and robbed some residents near Bouar in the prefecture of Nana-Mambéré.


 
"The population is jubilant to welcome its army, after six years of absence in the city. But we do not want a joint operation with Minusca, "said a resident joined by ADV.


 
After Paoua, Bangassou, Sibut, Bambari, Bouar Amdafok, Obo, Mobaye, Alindao, Ippy ... there remain only three sensitive cities namely Bria, Kaga-Bandoro and Ndélé, controlled by the Séléka, so that the army restores its supremacy .


 
Security observers told ADV that the task is difficult but not impossible. "There are too many manipulations of rebel groups, who are fighting to control the natural resources for the benefit of some foreign powers, as denounced in his speech to the nation, the Central African President, on the occasion of the New Year . The CAR remains sovereign and will triumph, "said the observer.


 
The Central African Army, expects more than 4,000 weapons from Russia, several thousand others and equipment from China, Belgium but remains under the embargo imposed by the UN Security Council while rebels, continue to arm themselves under the helpless eye of the United Nations, which only denounces reports.


By mrduediligence

Posted: Thursday Jan 10 10:10:58AM 2019

Recent articles about the central african republic


C. Africa army head came to Russia for training: minister - https://finance.yahoo.com/news/c-africa-army-head-came-russia-training-minister-103935828.html
 
Central African Republic Open to Russian Military Base - https://themoscowtimes.com/news/central-african-republic-open-to-russian-military-base-64091
 
CAR sets peace talks for January 24: AU - https://www.news24.com/Africa/News/car-sets-peace-talks-for-january-24-au-20190110
 
Sudan in favor of a permanent return to peace in CAR - https://www.youtube.com/watch?v=xkWGk9aee8g


By mrduediligence

Posted: Wednesday Jan 9 9:12:11AM 2019

Important Dates Regarding The Central African Republic Over The Next 3 Weeks

January 10th-11th - Bambari Food Festival. National Holiday and will promote the freedom of Bambari. This town is located just south of Axmin's gold deposit and has been under rebel control since 2013 until recently. Very important strategic location.
 
January 24th - African Union & United Nations will host a meeting in Khartoum(Sudan) between the CAR government and all rebel groups. This should be the final signing of peace. Even getting half of the groups to agree is a major boost to stabilization
 
January 30th-31st - United Nations will either renew or let expire the weapons embargo that has been in place since 2013. There is a strong consensus that the embargo will drop and FACA soldiers will get high end military equipment to help finish off any rebels left
 
All this information can be found on the Axmin facebook page. However some of it might need to be translated into english.


By mrduediligence

Posted: Monday Jan 7 9:01:04AM 2019

Central African Republic : the African Union on the footsteps of Russian-Sudanese efforts for peace
 
https://africandailyvoice.com/en/2019/01/07/central-african-republic-african-union-footsteps-russian-sudanese-efforts-peace/
 
2019-01-07 Central African Republic, POLITICS
 
NEWSROOM (ADV) – An international peace mission composed of UN officials, the African Union (AU), and diplomats from bordering countries of the Central African Republic (CAR) is expected next Tuesday in the Central African capital Bangui, said Sunday the press spokesman of the Central African Presidency.

 

The mission includes UN Under-Secretary-General for Peacekeeping Operations Jean-Pierre Lacroix, AU Commissioner for Peace and Security Smaïl Chergui and Foreign Ministers from neighboring countries. According to the communication advisor and spokesperson of the Central African presidency, Albert Yaloké-Mokpème, the purpose of this mission is to agree with the Central African State of the places and dates of the various meetings between the Central African Government and the armed groups active across the country.

 

At the end of this meeting under the auspices of the AU, the parties concerned will have to proceed to the final signing of the documents, in Bangui.

 

The disarmament, demobilization and reintegration into civilian life of armed groups will be on the agenda of the meeting, Yaloké-Mokpème said.

 

As a prelude to this meeting of national reconciliation, the Central African President Faustin-Archange Touadéra consulted with the political, religious and social entities of the country.

 

According to the exchanges, it emerged that the planned discussions must be held in strict compliance with the Constitution and that there should be no amnesty for perpetrators of crimes committed in the territory, with a view to ensure zero impunity.

 

d© Bur-csa – A.H / N.A – African Daily Voice (ADV) – Follow us on Twitter : @ADVinfo_eng
 
 


By mrduediligence

Posted: Friday Jan 4 12:06:03PM 2019

United Nations Job Offer For Gold Mining Projects In Central African Republic

https://uncareer.net/vacancy/program-officer-gold-focus-m2m-206890
 
Added Date: Wednesday, 02 January 2019
Deadline Date: Thursday, 28 March 2019
Organization: Pact
Country: Central African Republic
At the heart of Pact is the promise of a better tomorrow. A nonprofit international development organization founded in 1971, Pact works on the ground in nearly 40 countries to improve the lives of those who are challenged by poverty and marginalization. We serve these communities because we envision a world where everyone owns their future. To do this, we build systemic solutions in partnership with local organizations, businesses, and governments that create sustainable and resilient communities where those we serve are heard, capable, and vibrant. Pact is a recognized global leader in international development. Our staff have a range of expertise in areas including public health, capacity development, governance and civil society, natural resource management, poverty, fragile states, monitoring and evaluation, small-scale and artisanal mining, microfinance and more. This expertise is combined in Pact’s unique integrated approach, which focuses on systemic changes needed to improve people’s lives.


Department


Mines to Markets (M2M) - Pact’s Mines to Markets Signature Initiative assists mineral-dependent communities to gain lasting benefits from the more sustainable use of the natural resources around them. Pact takes an integrated approach to its work in the mining sector: we link mining to livelihoods, governance, health, environment, and the strengthening of local, regional and national institutions. The M2M program is currently active in eleven countries, working with all scales of mining from large scale industrial operations (LSMs) to individual Artisanal and Small-scale Miners (ASMs) and their communities, in remote areas. For more information on current and some past projects at www.pactworld.org/mining.


Position Overview


Pact is seeking a Program Officer to support our expanding work gold mining communities, particularly in the African continent. While Pact has programs in several different mineral supply chains, this position will focus principally on artisanal and small-scale gold mining (ASGM) projects.


The chosen candidate will support the design, development and delivery of Pact’s work with companies, communities and governments in the global mining sector to contribute to the achievement of Pact’s overall strategy. The candidate will provide technical support and mentorship to Pact staff around the world, and provide leadership and oversight to program design, including proposal writing, and program implementation.


The candidate will be required to keep abreast of opportunities, regulations, actors, and best practices in the mining sector and to contribute to positioning Pact as a thought and practice leader in the field of mining, ASM formalization, and development. The Program Officer will be responsible for contributing to the development, implementation, and monitoring of project work plans, and liaising with country-based project teams to ensure adherence to best practices and standards. The candidate will be required to represent Pact at technical meetings and forums with key donors. The position will report to Daniel Stapper, Senior Program Office.


Key Responsibilities


Designing and implementing, with support from the M2M team, development programs focusing on the diverse needs of the ASGM sector. Contribute to Pact’s technical excellence in relation to working on gold in all stages of the mineral supply chain, and with diverse stakeholder groups.
Represent Pact’s technical capabilities and promote Pact’s programming at donor meetings, internal events and national/international gold, mercury, and cyanide conferences.
Contribute to the development of popular and peer-reviewed publications as well as communications materials for delivery through multiple media channels.
Remain abreast of trends and research findings regarding mining sector issues, corporate responsibility, regulatory frameworks, industry standards and best practice in the mining sector and participate in disseminating them to country offices and relevant communities of practice.
Contribute to Pact’s due diligence programs - to ensure engagement with gold mining companies & organizations meets international standards, especially OECD guidance.
Support field offices in identifying, assessing, and mitigating risks involved in working with the mining sector, including human security and health risks associated with gold mining.
Play a role in business development by providing technical and business expertise and guidance, networking with donors to gather intelligence on up-coming funding opportunities, ensuring proposals are technically sound, and capitalizing upon Pact’s worldwide knowledge base.
Ensuring quality programming


Provide technical support and ongoing oversight to projects in the mining sector.
Share best practices with project staff on regular basis using multiple communications channels and mechanisms, and support the integration of best practices into Pact’s programming.
Contribute to synergizing and mentoring Pact’s dispersed talent in country offices.
Provide technical assistance to field offices so that they better understand and are better able to meet industry standards and expectations of donors.
Support implementation of the M2M portfolio by sourcing consultants, interviewing program staff, developing or reviewing SOWs/TORs, and reviewing reports and project documentation.
Offer technical guidance to country offices to support effective and efficient spending of project funds on programming and integrated learning.
Provide technical oversight to, and management of gold related programs, as assigned.
Develop and monitor implementation of project work plans; support skills development and mentoring; and participate in self and peer performance assessments.
Innovative program design, monitoring and evaluation
Contribute to technical learning across Pact on gold mining issues by staying up-to-date on best practices and research, networking with global technical stakeholders, and sharing learning in relevant and actionable ways across the organization.
Contribute to ensuring the mining sector is part of our Integrated Approach to maximize quality programming and impact and on the sharing of learnings across the organization and externally.
Work closely with technical staff to ensure integration across sectors and core competencies.
Contribute to technical aspects of proposal development (e.g. design workshops, technical reviews, bid reviews, and donor strategies).
Participate in scoping trips, proposal design meetings, recruitment of partners, responses to donor questions, and presentations to donors, when appropriate.
Under the guidance of the Senior Program Officers and M2M leadership, forge partnerships during pre-positioning and proposal development, building on previous strategic and technical experience with partners.
Basic Requirements
Bachelor’s degree (at minimum) in Geosciences, Engineering, Mining, or related field. Preference will be given to candidates with technical skills in exploration, engineering, mine development or similar technical areas.
5 years’ experience working in international development and/or corporate responsibility (3-4 years of experience if candidate has a Master’s or higher degree).
Experience working within ASGM contexts or on ASGM projects. Please list or describe these projects in your CV or cover letter.
Strong planning and management skills, with evidence provided in cover letter.
Ability and willingness to multitask, balancing and adapting to frequently changing priorities.
Ability to establish and sustain interpersonal and professional relationships with donors, local partners, host governments and other implementing organizations, as well as Pact staff.
Experience in fund raising (proposal writing) and project management (evidence to be provided in cover letter).
Experience with the mining sector, to be explained in cover letter: could include mineral extraction and processing; chemical-free gold processing; health and safety; environmental regulation; mining governance instruments and bodies; best practice and international standards (especially OECD); trade, supply chains and market access, etc.
Knowledge and experience in mercury reduction in ASGM contexts, is highly desired, and should be evidenced in cover letter.
Proficiency with Microsoft Office programs, especially word, excel and PowerPoint (at minimum).
Excellent written and oral communications in English, and preferably (at least) 1 additional language.
Professional writing experience: experience in writing technical reports or similar.
Travel time required for this position is estimated to be 30%, but can be up to 50%. If this will be a challenge for applicant, relevant details should be indicated in cover letter.
Pact provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, gender, gender identity, sexual orientation, genetic information, age, national origin, marital status, disability status, political ideology, military or protected veteran status, or any other characteristic protected by applicable federal, state, or local law.


 
Please apply here at https://careers-pactworld.icims.com/jobs/1126/program-officer-%28gold-focus%29%2c-m2m/job


By mrduediligence

Posted: Wednesday Jan 2 7:25:59PM 2019

New CAR Mining & Geology Website Promoting Investment
 
If you go to the website and translate it from French To English, you'll see that there's a big push from the government to invest in the country. Lots of projects are oil & gas based, but I bet they add Passendro sometime this year.


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


https://mines.gouv.cf/


Gouvernement de la Centrafrique is with Louis-Firmin Kongoubé and 35 others in Bangui, Central African Republic.
3 hrs · 
Dear all
I welcome you to the official portal of the ministry of mines and geology https://mines.gouv.cf/. this site to meet public expectations for information on the mining sector of the central African Republic. Indeed, the mining sector that could have brought economic growth very high, given the immense potential of the central African Republic, has not been at the meeting since the country's accession to independence. This is a matter of concern to which the government of the March 2016 elections attempts to provide a lasting response through the consolidation of the acquis and to draw up new guidelines on innovation and diversification.


Happy and happy year 2019 and
Good navigation


Leopold Mboli-fatran


Minister of mines and geology


 · See original · Rate this translation

Gouvernement de la Centrafrique
Government Organization


By mrduediligence

Posted: Wednesday Dec 26 1:50:48PM 2018

Article: Central African Republic Returning Back To Normal

https://www.voaafrique.com/a/les-pr%C3%A9paratifs-des-f%C3%AAtes-de-fin-d-ann%C3%A9e-battent-leur-plein/4713957.html
The preparations for the end of year celebrations are in full swing


December 25, 2018
 
After several years of violence, the CAR is starting to return to its old-fashioned atmosphere. The preparations for the end of year festivities are going well and Bangui is vibrating with the Christmas celebration. Markets and streets are teeming with toys and the world.


 
Almost all markets, department stores and avenues are full of toys of all kinds.


To avoid any overflow on the avenues of the city center, the central city hall decided this year to create a common Christmas market. A soccer field in the 1st arrondissement houses this place, " quickly become attractive" according to Emile Gros-Raymond Nakombo, mayor of Bangui.


The existence of this common market has created a real competition between toy merchants. Those who benefit are the customers who come in droves. For some, prices are affordable this year, others think the opposite.
According to the vendors, the restoration of security on the Bangui-Douala axis has allowed the mass arrival of toys, which has considerably lowered prices, as confirmed a trader at VOA Africa.


Even if a common market selling toys and other objects exists in the 1st arrondissement, the markets, streets and neighborhoods of other boroughs vibrate to the sound of trumpets, whistles, blows of horns.


In short, the Central African capital is recovering its atmosphere before the security crisis.


By mrduediligence

Posted: Tuesday Dec 25 7:02:32AM 2018


https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/axmin-finances-geopolitical-turnaround-drove-gains/

AXMIN CFO Says Finances, Turnaround in CAR Drove 2018 Gains


Olivia Da Silva - December 24th, 2018
 
Despite staying quiet on the news front in 2018, AXMIN (TSXV:AXM) had a wildly successful yearwith regard to its share price, which is currently up nearly 700 percent year-to-date.

In a conversation with the Investing News Network (INN), AXMIN CFO David Weill shared insight on the spike, which he says was driven by three main factors, including a royalty stream in Senegal with miner Teranga Gold (TSX:TGZ) for the Gora deposit.

“If you just look at our accounts, we’re cashflow profitable [and] accounting profitable, just on the royalty stream that we have now from Teranga on one site, which is the Gora site, and we have 17 more potential sites to be developed with Teranga,” Weill said. “The second factor is definitely the Central African Republic (CAR) geopolitical situation turning the corner.”

The company, whose Passendro gold project is located in the CAR, has faced hiccups over the last year due to a turbulent time in the the country with relation to local security issues. However, according to Weill, things have started to simmer down in the country through avenues like military reforms and support from countries like France and Russia.

As for the third factor pushing AXMIN ahead, Weill pointed to the company cleaning up its balance sheet and being in a “very strong financial situation.” This stems in part from the company’s royalty agreement with Teranga, mentioned above, which still stands to expand.

“We had numerous properties in Senegal that we basically farmed out to Teranga where we would do a joint development and, since we’re focusing really on the CAR property, we opted to go for a NSR — net smelter return royalty — so we simply take 1.5 percent off the top,” Weill said.

“The first property that came into production was the Gora deposit, which was a huge winner, but we have 17 more. We don’t know what Teranga is planning to do with the additional properties. They do look highly prospective to us, but the fundamental decision now as to exploration and then eventual production lies with Teranga,” he explained.

As mentioned, despite its major share price gain AXMIN put out minimal press releases throughout the year. In fact, the company released a statement in August explaining it was unsure of any specific reason for increased market activity.

However, at the time, AXMIN had been working to settle a drawn-out accounts payable issue with a consultant that helped secure its ownership of licenses in the CAR. Weill told INN that the statement was a standard way of informing the TSX that nothing with the dispute had been officially resolved yet, but also said he feels the growth in activity came from the market re-evaluating the CAR’s profitability.

“We were in the process of getting TSX approval for eliminating the accounts payable, which we did by issuing shares of about three times the market price, and also paying a certain amount of cash,” he said. “But that transaction was not complete, and the market had no knowledge of it. What the market was doing, in my opinion, was reassessing the prospects of the CAR as a country.”

With the CAR’s geopolitical situation now on the rise and AXMIN’s check book being a clean slate, the company has plans in 2019 to step up its online presence and further develop its assets.

“I think you’re seeing the very beginning of it in that we’re going to be highly communicative,” Weill said.

“We’re going to be far more proactive in our press releases and we’re basically looking to develop our in-country staff, further our relationship with the government and the government agencies that will be directly involved with our operation. We’re going to be actively soliciting strategic partners to assist us in developing the assets and we’re really just going to take it from there.”

As of Monday (December 24) at 1:00 p.m. EST, AXMIN’s share price was sitting at C$0.235, up 683.33 percent year-to-date.

Don’t forget to follow us @INN_Resource for real-time news updates!

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


By mrduediligence

Posted: Friday Dec 21 1:37:11PM 2018

IMF Executive Board Completes Fifth Review Under Extended Credit Facility Arrangement for Central African Republic and Approves US$31.6 Million Disbursement

https://www.imf.org/en/News/Articles/2018/12/21/pr18487-central-african-republic-imf-exec-board-comp-5th-rev-ext-cr-fac-arr-and-approves-disburse


December 21, 2018

IMF Executive Board also concludes the 2018 Article IV consultation.
The Central African Republic authorities implement a comprehensive economic reform program to entrench macroeconomic stability, buttress inclusive growth, and reduce poverty.
Growth is estimated at 4.3 percent in 2017 and is expected to remain broadly unchanged.
On December 19, 2018, the Executive Board of the International Monetary Fund (IMF) completed the fifth review under the Extended Credit Facility (ECF)arrangement for the Central African Republic. Completion of this review enables the disbursement of SDR 22.84 million (about US$31.6 million).

The three-year ECF arrangement was approved by the IMF Executive Board on July 20, 2016 and access has been augmented twice to a total of SDR 133.68 million (about US$185.2 million or 120 percent of the Central African Republic’s quota).

Following the Executive Board’s discussion on the Central African Republic, Mr. Mitsuhiro Furusawa, Deputy Managing Director and Acting Chair, made the following statement:

“Central African Republic’s performance under the ECF‑supported program has been satisfactory despite a challenging security environment and difficult humanitarian conditions.

“The authorities remain committed to maintain fiscal policy consistent with macroeconomic stability, which is critical for economic growth and poverty reduction. The 2019 budget is anchored to the domestic primary balance objective while allowing a scale-up of social and capital spending. The integration in the budget of previously excluded revenues and expenses of government agencies and funds is an important step to enhance fiscal transparency.

“Strong efforts to mobilize domestic revenues, which remain weak, will be critical to sustainably finance an increase of public services. To that end, the authorities will step up the use of IT tools and modernize the customs and revenue administration. 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, create jobs, and reduce poverty.

“Structural reforms have progressed, contributing to the strengthening of the treasury single account, streamlining of quasi-fiscal taxes, 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 strengthening financial oversight of public institutions and state-owned enterprises, reducing exceptional payment procedures, improving the business climate, and strengthening the asset declaration regime. It will also be important to follow through on commitments to strengthen governance and transparency in the management of natural resources.

“Central African Republic’s program continues to be supported by the implementation of supportive 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.”

The Executive Board of the IMF also concluded the 2018 Article IV consultation with the Central African Republic.

Growth is estimated at 4.3 percent in 2017 and is expected to remain broadly unchanged driven by a dynamic forestry sector, construction and externally financed investment projects. Inflation fell on the back of price declines for food and manufacturing products. Growth could increase to 5 percent in the medium term. However, risks are on the downside, mainly due to the volatile security situation. The projections are predicated on progress in peace and reconciliation efforts under the African Union Initiative, the gradual extension of security forces and public services in provinces, and steadfast implementation of reforms.

In July 2018, the Parliament passed a revised budget to reflect the fiscal performance in the first half of the year. Data through end-September confirms that the fiscal deficit remains contained and that the fiscal program is on track. The current account deficit is estimated at 8.3 percent of GDP in 2017. Currently available information suggests it will remain at a similar level in 2018. While the oil import bill is set to increase, higher timber exports and the sale of stockpiled diamonds will offset the effect on the trade balance. The banking sector remained stable and credit growth to the economy has picked up to 5.2 percent (y-o-y) at end-September 2018.

The Central African Republic authorities have implemented a comprehensive economic reform program to entrench macroeconomic stability, buttress inclusive growth, and reduce poverty. The parliament adopted a 2019 budget consistent with macroeconomic stability. The 2019 budget enhances fiscal transparency by integrating previously excluded fiscal revenues and expenditure. The authorities also envisage to increase social spending. To bolster growth prospects, resilience, and poverty reduction, the authorities have committed to strengthen fiscal revenue mobilization, enhance good governance, promote gender equality and improve the business climate.

Executive Board Assessment [1]


Executive Directors agreed with the thrust of the staff appraisal. Given the persistent insecurity and the large humanitarian needs of the population, they recognized the Central African Republic’s efforts to implement its economic program and the satisfactory performance under the ECF arrangement. Directors stressed the importance of rebuilding sound institutions and maintaining macroeconomic stability, which provide an important opportunity toward exiting fragility. Against this difficult backdrop, Directors welcomed the authorities’ continued commitment to the program objectives, and underscored the need to implement the National Recovery and Peacebuilding Plan and the development agenda to boost economic prospects. Directors emphasized that higher and inclusive growth will be critical to create jobs and reduce poverty. They underlined the importance of continued Fund engagement through ongoing technical assistance and close coordination with other development partners, paying due regard to the country’s absorptive capacity.

Directors welcomed the authorities’ commitment to ensure that fiscal policy remains consistent with macroeconomic stability while stepping up social spending. They underscored the importance of further improving domestic revenue mobilization to sustainably expand the provision of public services. In this regard, Directors encouraged the authorities to further strengthen customs and tax administration, enhance information exchange between government agencies, modernize payment systems, and use IT systems more comprehensively. They commended the authorities for integrating in the 2019 budget previously excluded expenditures and revenues from government agencies and funds, as well as for increasing the budget allocation for key ministries providing social services. Directors welcomed the recent simplification of the oil price structure that would limit the fiscal impact of higher global oil prices.

Directors noted the progress in improving public financial management, including regular and timely budget execution reporting and reduced use of exceptional spending procedures. They encouraged the authorities to further streamline quasi‑fiscal taxes and levies. Directors underscored the importance of good governance and the fight against corruption. They encouraged the authorities to strengthen the asset declaration regime, implement the United Nations Convention against Corruption, and improve the management of natural resources, including by adhering to the principles of the Extractive Industries Transparency Initiative.

Directors noted the staff assessment that the external position appears weaker than implied by medium‑term fundamentals and desirable policies. They pointed out that the insecurity, high transportation cost, and a weak judicial system undermine the country’s attractiveness for investment. Noting the high risk of debt distress, Directors recommended limiting borrowing and seeking instead to mobilize grant financing to its fullest extent. They also called for continued efforts to resolve external arrears. Directors welcomed progress to clear domestic arrears and encouraged steadfast implementation of the strategy while ensuring transparency and accountability of the process.

Directors noted that the Central African Republic’s program continues to be supported by the implementation of policies and reforms by the regional institutions, which are critical to the program’s success. These comprise the implementation of the three policy assurances provided in the June 2018 Letter of Policy Support, as updated with respect to the assurance on NFAs by the December 2018 Letter, and as discussed in the December 2018 union‑wide background paper. Completion of the sixth review will be conditional on the implementation of these policy assurances.

It is expected that the next Article IV consultation with the Central African Republic will be held in accordance with the Executive Board decision on consultation cycles for members with Fund arrangements.


Table 1. Central African Republic: Selected Economic and Financial Indicators, 2016–23


 
2016
 
2017
 
2018
 
2019
2020
2021
2022
2023
 
 
Est.
 
Est.
 
4th. Rev.
Proj.
 
Proj.
 
 
(Annual percentage change; unless otherwise indicated)
 
National income and prices
 
 
 
 
 
 
 
 
 
 
 
 
 
GDP at constant prices
4.5
 
4.3
 
4.3
4.3
 
5.0
5.0
5.0
5.0
5.0
 
GDP per capita at constant prices
2.6
 
2.4
 
2.4
2.4
 
3.1
3.0
3.0
3.1
3.1
 
GDP at current prices
11.2
 
8.1
 
8.4
7.4
 
8.2
7.6
7.6
7.6
7.6
 
GDP deflator
6.3
 
3.6
 
3.9
3.0
 
3.0
2.5
2.5
2.5
2.5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CPI (annual average)
4.6
 
4.1
 
4.0
3.0
 
3.0
2.5
2.5
2.5
2.5
 
CPI (end-of-period)
4.7
 
4.2
 
3.6
2.5
 
2.3
2.7
2.4
2.6
2.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Money and credit
 
 
 
 
 
 
 
 
 
 
 
 
 
Broad money
5.8
 
10.3
 
8.5
2.3
 
11.6
7.6
7.6
7.6
7.6
 
Credit to the economy
17.5
 
-0.1
 
5.9
5.5
 
3.3
7.7
7.3
8.7
11.0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External sector
 
 
 
 
 
 
 
 
 
 
 
 
 
Export volume of goods
52.3
 
42.5
 
9.3
10.0
 
10.4
8.1
8.6
8.6
5.5
 
Import volume of goods
13.4
 
-2.5
 
6.7
5.2
 
6.2
5.4
5.7
5.3
5.7
 
Terms of trade
-0.4
 
-19.0
 
-11.4
-13.4
 
0.2
1.2
2.7
0.6
0.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Percent of GDP; unless otherwise indicated)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross national savings
8.2
 
5.5
 
6.9
7.3
 
9.0
9.9
10.6
11.3
12.0
 
Of which: current official transfers
3.7
 
1.9
 
3.3
3.1
 
2.8
2.0
1.8
1.6
1.4
 
Gross domestic savings
-3.3
 
-3.7
 
-3.0
-2.9
 
-0.3
1.2
2.0
3.0
4.0
 
Government
-1.0
 
-1.5
 
-0.1
-0.5
 
0.3
0.5
0.8
1.1
1.4
 
Private sector
-2.3
 
-2.2
 
-2.9
-2.4
 
-0.6
0.7
1.2
1.8
2.5
 
Consumption
103.3
 
103.7
 
103.0
102.9
 
100.3
98.8
98.0
97.0
96.0
 
Government
7.3
 
7.5
 
7.0
7.3
 
7.5
7.7
7.7
7.7
7.7
 
Private sector
96.0
 
96.2
 
96.0
95.5
 
92.8
91.1
90.3
89.3
88.3
 
Gross investment
13.7
 
13.8
 
15.3
15.9
 
16.6
16.8
16.2
16.2
16.6
 
Government
3.1
 
4.8
 
6.3
6.9
 
7.5
7.8
7.2
7.2
7.1
 
Private sector
10.6
 
9.0
 
9.0
9.0
 
9.0
9.0
9.0
9.0
9.5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External current account balance
 
 
 
 
 
 
 
 
 
 
 
 
 
with grants
-5.5
 
-8.3
 
-8.4
-8.6
 
-7.6
-7.0
-5.7
-4.9
-4.7
 
without grants
-10.7
 
-11.7
 
-13.2
-13.3
 
-11.7
-10.6
-9.2
-8.4
-8.0
 
Overall balance of payments
0.9
 
3.1
 
-1.6
-1.8
 
-0.2
1.4
1.6
1.9
2.1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Central government finance
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenue (including grants)
14.1
 
13.7
 
16.6
17.5
 
18.8
18.3
17.9
18.0
18.1
 
of which: domestic revenue
8.2
 
8.3
 
9.2
9.3
 
10.7
10.9
11.2
11.5
11.8
 
Total expenditure 1
12.6
 
14.8
 
15.8
16.8
 
18.1
18.4
17.7
17.7
17.7
 
of which: capital spending
3.1
 
4.8
 
6.3
6.9
 
7.5
7.8
7.2
7.2
7.1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Overall balance
 
 
 
 
 
 
 
 
 
 
 
 
 
Excluding grants
-4.4
 
-6.5
 
-6.6
-7.6
 
-7.4
-7.4
-6.5
-6.2
-5.9
 
Including grants
1.6
 
-1.1
 
0.9
0.7
 
0.7
-0.1
0.1
0.3
0.4
 
Domestic primary balance 2
-1.1
 
-2.2
 
-1.4
-1.4
 
-1.2
-1.2
-0.9
-0.6
-0.3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Public sector debt
56.0
 
52.8
 
47.0
48.5
 
42.2
39.2
36.4
33.8
31.5
 
Of which: domestic debt 3
26.3
 
25.1
 
21.2
22.5
 
18.0
16.6
15.3
14.0
12.9
 
Of which: external debt
29.6
 
27.8
 
25.8
26.0
 
24.2
22.6
21.1
19.7
18.6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PPP per capita (PPP dollars)
651.8
 
676.9
 
705.9
705.9
 
735.8
765.0
795.0
824.8
855.9
 
Nominal GDP (CFAF billions)
1,041
 
1,126
 
1,218
1,209
 
1,308
1,408
1,515
1,630
1,754
 
Sources: C.A.R. authorities and IMF staff estimates and projections.
 
 
 
 
 
 
 
1 Expenditure is on a cash basis.


 
 
 
 
 
 
2 Excludes grants, interest payments, and externally-financed capital expenditure.


3 Comprises government debt to BEAC, commercial banks and government arrears.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


[1] At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country's authorities. An explanation of any qualifiers used in summings up can be found here:http://www.imf.org/external/np/sec/misc/qualifiers.htm .

IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: GEDIMINAS VILKAS

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


By mrduediligence

Posted: Tuesday Dec 18 8:24:51AM 2018

Russian Efforts Toward CAR Crisis Settlement In Line With African Union Policy - Moscow

https://www.urdupoint.com/en/world/russian-efforts-toward-car-crisis-settlement-509368.html

 
 Fakhir Rizvi  4 hours ago  Tue 18th December 2018 | 04:52 PM

MOSCOW (UrduPoint News / Sputnik - 18th December, 2018) Russian efforts toward resolving the crisis in the Central African Republic (CAR) are in line with the African Union's policies, and the West's attempts to prove otherwise are groundless, Andrei Kemarsky, the director of the RussianForeign Ministry's Department of Africa, told Sputnik.

"I'd like to emphasize that Russian and Sudanese efforts that contributed to the signing of the Khartoum Declaration do not in any way contravene the African Union's steps. Moreover, the declaration stresses that the measures that it envisages are directly linked to the African peace initiative. Our Western partners' attempts to contrast Russian efforts with the African Union policy are absolutely groundless," Kemarsky said.

The senior diplomat specified that Russia considered the African Initiative for Peace and Reconciliation in CAR, which the African Union approved in January 2017, as the basis of the peace process.

He added that it was within this initiative that Russia-brokered peace talks between the major warring parties were held in the Sudanese capital of Khartoum, which resulted in the signing of the Khartoum Declaration. Kemarsky also called on the country's authorities to launch a national reconciliation process that is mediated by Russia, the European Union, and regional and international organizations.

On August 28, the same day when the two-day talks finished, a meeting within the African Initiative for Peace and Reconciliation in CAR started, during which representatives of 14 armed groups made an effort toward creating a common platform for talks with the government.

 

Kemarsky voiced his belief that western states, including France, were jealous of Russia's increasing role in the CAR settlement process.

"Although terror acts continue, as well as confrontations between armed groups and governmentforces, the process is generally becoming more and more positive. Russia's contribution is quite substantial, while western states' involvement has clearly become less efficient," the diplomat said, specifying that France failed to achieve positive changes in spite of being historically present in CARdue to its colonial past.

He said that Russia's engagement in the settlement process had yielded progress, and that the country's role was becoming more dominant even though it had been present in CAR for only just a year.

"This causes concern and jealousy of the countries that were traditionally influential in CAR and regarded the state as their patrimony," Kemarsky specified.

The diplomat added that since the West was concerned over Russia's strengthening position, they were spreading misinformation, pursuing slanderous campaigns, introducing sanctions and also trying to hamper Russian business.

CAR has been struggling to stop the conflict between the mainly Muslim armed group Seleka, Christian Anti-balaka militia and government forces since 2012.


By mrduediligence

Posted: Saturday Dec 15 9:09:24AM 2018

MEPs approve ratification of military cooperation agreement between Central African Republic and Russia

https://africandailyvoice.com/2018/12/14/deputes-approuvent-ratification-accord-cooperation-militaire-entre-centrafrique-russie/

MEPs approve ratification of military cooperation agreement between Central African Republic and Russia

2018-12-14 Central African Republic , POLITICS

Bangui, Central African Republic (ADV) - The elected officials of the nation voted yesterday by acclamation the bill to ratify the defense agreement between the Central African Republic and Russia, a new partner in the security environment in the Central African Republic.

"The Russian military is currently with our military in some provincial towns. And this Defense Agreement will further strengthen our military cooperation, "said Marie Noëlle Koyara, Central African Minister of Defense.

This vote of the people's elected representatives comes in a context where the Russian presence in the Central African Republic was not at all appreciated by some Western powers who consider the Russian instructors here as mercenaries. The vote of the deputies of the national assembly formalizes this military cooperation.

This military cooperation agreement with Russia completes the list of other agreements with countries and partners such as France, China, the European Union and the United States in several areas of common interest.

"We are delighted to see the members of this House vote in favor of this Defense Agreement that will allow our military and our homeland security forces to protect us and to have a different dimension and to respond to the challenges that lie ahead. impose on us, "said the Minister Delegate of Foreign Affairs, Chancel Sékodé Ndeugbayi.

According to ADV information, this agreement will also allow Russia to support the Central African armed forces in the field of intelligence and provides for the training of Central African military in Russian military academies and military assistance between the two countries in case of foreign aggression . Russia could increase the number of its troops in the country as well as its material and military equipment.

This parliamentary exercise comes after the signing of a memorandum of understanding on August 21, 2018, between the Central African Republic and Russia, on the sidelines of the Armaments Forum in Russia.

© Bur-csa - From our regional correspondent Fridolin Ngoulou - African Daily Voice (ADV) - Find us on Twitter: @ADVinfo_en


By mrduediligence

Posted: Thursday Dec 13 2:57:48PM 2018

UN extends Central African Republic peacekeeping mission

https://www.washingtonpost.com/world/europe/un-extends-central-african-republic-peacekeeping-mission/2018/12/13/9ba76186-ff22-11e8-a17e-162b712e8fc2_story.html?noredirect=on&utm_term=.0a588c2333ce


UN extends Central African Republic peacekeeping mission


By Associated Press
December 13 at 5:01 PM
UNITED NATIONS — The U.N. Security Council has approved a resolution extending the mandate of the 14,600-strong U.N. peacekeeping mission in conflict-wracked Central African Republic.

The French-drafted resolution adopted Thursday urges all militias and armed groups in the country “to lay down their arms, cease all forms of violence and destabilizing activities.”

It calls on President Faustin-Archange Touadera to advance talks with armed groups and national reconciliation “without delay.”

Russia and China abstained from voting.

Russian Ambassador Vassily Nebenzia said Moscow supports the peacekeeping force but he sharply criticized France for not including Russian concerns in the resolution. Russia wanted the U.N. force to support its training of Central African Republic troops.

The country has faced interreligious and intercommunal fighting since 2013, and violence has intensified and spread in the past year.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


By mrduediligence

Posted: Thursday Dec 13 6:42:21AM 2018

Vladimir Putin To Visit The Central African Republic
 
http://news.abangui.com/h/66337.html


Central African Republic: Russian President Vladimir Putin is planning an official visit to Bangui in very soon!
 
Posted on Thursday December 13th 2018 |  The Central African Potential
 
Russian President Vladimir Putin will visit the capital of CAR, Bangui, with an official visit to strengthen relations between the two countries. As Kremlin sources have shared, the Russian leader plans to discuss during his visit the security problems of the CAR and the development issues of the country.

It is nice that our Russian partners are seeing the progress of mutually beneficial relations between CAR and Russia. Moscow understands that the dialogue with our country should not be based on the position of force, they do not try to impose their point of view, they know that African problems require an African solution. Russia is close to us in spirit. Russia has never subjugated anyone, for centuries it has defended its territories from foreign incursions. Our Russian friends know that it is the struggle for independence. Even today, when many defense documents are in force, Russia is oppressed by economic sanctions.

The visit of Russian President Vladimir Putin means that Russia is ready for dialogue at the highest level. The talks of the Russian leader with Faustin-Archange Touadéra will be a mark in the modern history of our country. It is not excluded that the Presidents will enter into mutual agreements with each other. 

We would like to remind you that Russian Minister of Foreign Affairs Sergei Lavrov held talks with RCA President Faustin-Archange Touadera earlier. The Russian Minister and the CAR leader had an "on the spot" meeting of the 73rd session of the UN General Assembly New York. The parties discussed issues of humanitarian partnership, trade and economic interaction, and up-to-date political relations issues.

Sergei Lavrov and Faustin-Archange Touadéra discussed the prospects for the national regulation process in CAR. During the meeting, it was agreed that it is very important to harmonize the international efforts aimed at stabilizing the situation in the Central African Republic within the framework of the African Union Peace Initiative.

It is important to note that the friendly country, Russia, has already made a great contribution to the process of peaceful settlement in CAR. With the help of Russian diplomats members of the "Antibalaka" and Ex-Seleka groups sat down at the negotiating table with representatives of the Central African Republic authorities and signed the Khartoum Declaration. It is noted in the document that all parties to the dialogue are interested in establishing peace and stabilizing the situation in CAR throughout the country. 


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.
The 3 Strengths of NAI500
Extensive Experience in the Business
With 15 years in the IR business, NAI excels in the field of investor relations and market intelligence. Our professional team is specialized in targeting companies and connecting promising opportunities with investors.
Comprehensive Coverage of the Market
NAI hunts for investment opportunities from the perspective of an investor. Our extensive experience in the industry has helped build a vast network and ensures our access to the best market information in quantity and quality.
Precise Positioning
Our expertise in aggregating and distributing information has made us one of the most trusted sources to obtain company updates and analyses that are most important and relevant to investors.


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.


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