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.
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.
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.
http://www.imf.org/en/News/Articles...pletes-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.” 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: [email protected]
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/101773...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
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 – STRATEGY Home 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
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
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).
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.
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 - Axmin.pdf
52 week high today and not surprising given the news articles that came out. 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
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-...ntral-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.
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.
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
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/a...g-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/fe...eace-talks-russia-offers-to-get-more-involved 6) Russia To Train Central African Republic Armed Forces In Inked Military Deal https://intelligencebriefs.com/russ...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/
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-r...-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."
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
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/Article...f-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: [email protected]
https://www.thepeninsulaqatar.com/a...r,-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.
