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106 comment(s). Last comment by ProfitableStocksOnly 2020-09-30 16:46
Posted by ProfitableStocksOnly > 2018-05-23 14:00 | Report Abuse
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.
https://content.usaa.com/mcontent/static_assets/MMF/MONHLD_FND0050.pdf
Posted by ProfitableStocksOnly > 2018-05-23 14:37 | Report Abuse
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
Posted by ProfitableStocksOnly > 2018-05-23 21:36 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-05-24 12:38 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-05-31 12:16 | Report Abuse
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
Posted by ProfitableStocksOnly > 2018-06-04 14:02 | Report Abuse
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
Posted by ProfitableStocksOnly > 2018-06-06 16:55 | Report Abuse
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
www.nai500.com
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.
Posted by ProfitableStocksOnly > 2018-06-12 10:45 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-06-18 23:53 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-07-04 11:00 | Report Abuse
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 at www.imf.org/external/country/CAF .
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: ISMAILA DIENG
PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG
Posted by ProfitableStocksOnly > 2018-07-07 11:29 | Report Abuse
Six recent articles on the Central African Republic:
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
Posted by ProfitableStocksOnly > 2018-07-28 00:00 | Report Abuse
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
Posted by ProfitableStocksOnly > 2018-07-28 21:50 | Report Abuse
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
Posted by ProfitableStocksOnly > 2018-08-02 10:05 | Report Abuse
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).
Posted by ProfitableStocksOnly > 2018-08-02 11:03 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-08-02 17:04 | Report Abuse
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
Posted by ProfitableStocksOnly > 2018-08-09 15:55 | Report Abuse
52 Week high reached today based on some encouraging news articles about stabilization in the Central African Republic and more support from other major countries:
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
Posted by ProfitableStocksOnly > 2018-08-21 13:44 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-08-31 13:58 | Report Abuse
new company presentation out now: http://axmininc.com/images/axmin_presentation_8jun2018.pdf
Posted by ProfitableStocksOnly > 2018-11-16 11:11 | Report Abuse
Axmin to settle $2M (U.S.) debt with shares, cash
2018-10-10 12:09 MT - News Release
Ms. Lucy Yan reports
AXMIN ANNOUNCES SETTLEMENT OF ACCOUNTS PAYABLE
Axmin Inc. has entered into an agreement to settle a long-standing accounts payable by the company.
As previously announced on Nov. 15, 2013, the company entered into a consultancy agreement to assist Axmin with securing its ownership of licences 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 $2-million (U.S.) and were duly recorded in the company's accounts payable. The company has benefited from the renewal of its respective licences 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 $1.2-million (U.S.) and issuing 3.46 million shares of Axmin at a price of 30 cents per share. 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-V.
The shares issued pursuant to the above-referenced settlement agreement will be subject to transfer restrictions under a two-year lock-up agreement, during which time the shares may not be sold. The transfer restrictions under the lock-up agreement will expire two years plus one day from the date of grant.
Lucy Yan, chairman of Axmin, commented: "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 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.
Posted by ProfitableStocksOnly > 2018-11-21 12:34 | Report Abuse
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
Posted by ProfitableStocksOnly > 2018-11-23 12:05 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-11-23 15:02 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-11-24 12:56 | Report Abuse
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 20
More
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
Posted by ProfitableStocksOnly > 2018-11-27 10:45 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-11-28 18:04 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-11-28 20:26 | Report Abuse
Quarter Oz Mined By TGZ Price Of Gold Per Quarter (USD) Estimated Payment (1.5%) Actual Payment
Q3 2015 2,414 $1,104.44 $39,991.77 $0.00
Q4 2015 20,401 $1,090.19 $333,614.49 $252,721.00
Q1 2016 27,560 $1,165.76 $481,925.18 $457,259.00
Q2 2016 14,517 $1,226.34 $267,041.67 $232,045.00
Q3 2016 8,570 $1,334.77 $171,584.68 $165,794.00
Q4 2016 17,301 $1,217.09 $315,853.11 $125,282.00
Q1 2017 22,286 $1,218.57 $407,355.77 $310,684.00
Q2 2017 21,402 $1,258.65 $404,064.41 $386,655.00
Q3 2017 11,123 $1,277.64 $213,167.85 $273,516.00
Q4 2017 60,587 $1,275.84 $1,159,489.77 $614,723.00
Q1 2018 58,384 $1,329.77 $1,164,559.38 $490,551.00
Q2 2018 29,052 $1,306.97 $569,551.00 $576,643.00
Q3 2018 1,608 $1,212.58 $29,247.43 $147,488.00
Totals 295,205 $1,232.20 $4,958,648.08 $4,033,361.00
Owed To AXM From TGZ (USD)
$925,287.08
Gold Average Price Per Quarter:
https://www.denvergold.org/precious-metal-prices-charts/gold-quarterly/
AXM.V All Numbers In USD
Year Total Assets Total Liabilities Total Revenue Gain/Loss Asset/Debt Ratio Common Shares
2007 $79,216,000 $3,200,000 nil -$5,930,000 24.76 213,436,657
2008 $85,461,000 $889,999 nil -$8,619,999 96.02 235,908,368
2009 $35,989,999 $1,283,000 nil -$54,450,000 28.05 292,137,709
2010 $71,040,000 $8,627,000 nil -$6,687,000 8.23 437,281,437
2011 $46,502,000 $5,068,000 nil -$9,633,000 9.18 62,767,410
2012 $39,471,000 $3,301,000 nil -$6,409,000 11.96 63,160,312
2013 $568,000 $2,639,000 nil -$44,264,000 0.22 92,998,258
2014 $297,677 $2,598,169 nil -$20,220 0.11 110,529,109
2015 $347,504 $2,520,590 $252,271 $135,408 0.14 126,000,445
2016 $516,121 $2,952,285 $980,380 -$272,296 0.17 130,497,381
2017 $1,738,742 $2,954,278 $1,585,578 $1,141,752 0.59 130,497,381
2018(Q1-Q3) $2,406,059 $1,628,833 $1,214,682 $1,125,731 1.48 130,497,381
Notes: 1) TGZ.T has not processed all Gora Ore. Close to $1 million USD still to be paid
2) 16 other potential producing targets to be opened up in 2019
3) Asset/Debt ratio positive the first time since 2012.
4) October 10th 2018 deal for balance sheet clean up won't show until Q4 results( Apr 2019)
Posted by ProfitableStocksOnly > 2018-11-28 21:47 | Report Abuse
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/
Posted by ProfitableStocksOnly > 2018-12-03 12:44 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-12-03 14:09 | Report Abuse
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
Posted by ProfitableStocksOnly > 2018-12-05 11:14 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-12-05 12:51 | Report Abuse
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
Posted by ProfitableStocksOnly > 2018-12-05 22:37 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-12-07 11:34 | Report Abuse
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
African Union Says Ready to Organize CAR Peace Talks, Host City to Be Chosen- Commissioner
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.
Posted by ProfitableStocksOnly > 2018-12-07 19:56 | Report Abuse
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
Posted by ProfitableStocksOnly > 2018-12-08 13:37 | Report Abuse
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
Posted by ProfitableStocksOnly > 2018-12-08 14:31 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-12-10 13:37 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-12-11 12:20 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-12-12 12:29 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-12-13 09:41 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-12-13 17:55 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-12-15 12:07 | Report Abuse
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
Posted by ProfitableStocksOnly > 2018-12-18 11:26 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-12-21 16:37 | Report Abuse
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.
T
Posted by ProfitableStocksOnly > 2018-12-25 10:04 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-12-26 16:51 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2018-12-26 16:51 | Report Abuse
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.
Posted by ProfitableStocksOnly > 2019-01-02 22:24 | Report Abuse
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 ·
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Image may contain: 1 person, sitting and suit
Gouvernement de la Centrafrique
Government Organization
Posted by ProfitableStocksOnly > 2019-01-04 15:07 | Report Abuse
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.
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Posted by ProfitableStocksOnly > 2018-05-17 17:47 | Report Abuse
AXM.V Year End Results. (Finacials + MD&A) Ending December 31st 2017 All Information Can Be Found On www.Sedar.com Price: $0.14 Common Shares: 130,497,381 Options: 8,240,000 Insider/Institutional Holdings: 82,089,114 – 63% Financials For 2017 – All Numbers Are In USD. 2016 Comparison Numbers Added Multiply By 1.28 To Get CAD Value ASSETS($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 Januar