Axmin Inc Insider/Institutional Holdings Mutual Funds PGIM Jennison Natural Resources Fund 666,158 USAA Precious Metals and Minerals Fund 200,000 Institutional Holdings Dickson Resources Limited British Virgin Islands 45,000,000 Shanghai Shenglin Trading Co., Ltd. China 20,000,000 AOG Holdings BV (3)The Netherlands 15,001,938 Consulting Group (October 10th 2018 News) 3,460,000 Director Holdings Common Shares - Does Not Include Options David De Jongh Weill 1,716,616 Total Insider/Institutional Holdings: 86,044,712 out of 134 million
World Bank Report For Central African Republic. Doing Business In CAR In 2019 http://documents.worldbank.org/cura...WP-DB2019-PUBLIC-Central-African-Republic.pdf About Doing Business: The project provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level. Doing Business The project, launched in 2002, looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle. Doing Business captures several important dimensions of the regulatory environment as it applies to local firms. It provides quantitative indicators on regulation for starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. also measures features of labor market regulation. Although does not present rankings of economies on the labor market regulation indicators or include the topic in the aggregate ease of doing business score or ranking on the ease of doing business, it does present the data for these indicators. Doing Business Doing Business Doing Business By gathering and analyzing comprehensive quantitative data to compare business regulation environments across economies and over time, encourages economies to compete towards more efficient regulation; offers measurable benchmarks for reform; and serves as a resource for academics, journalists, private sector researchers and others interested in the business climate of each economy. Doing Business In addition, offers detailed , which exhaustively cover business regulation and reform in different cities and regions within a nation. These reports provide data on the ease of doing business, rank each location, and recommend reforms to improve performance in each of the indicator areas. Selected cities can compare their business regulations with other cities in the economy or region and with the 190 economies that has ranked. Doing Business subnational reports Doing Business The first report, published in 2003, covered 5 indicator sets and 133 economies. This year’s report covers 11 indicator sets and 190 economies. Most indicator sets refer to a case scenario in the largest business city of each economy, except for 11 economies that have a population of more than 100 million as of 2013 (Bangladesh, Brazil, China, India, Indonesia, Japan, Mexico, Nigeria, Pakistan, the Russian Federation and the United States) where also collected data for the second largest business city. The data for these 11 economies are a population-weighted average for the 2 largest business cities. The project has benefited from feedback from governments, academics, practitioners and reviewers. The initial goal remains: to provide an objective basis for understanding and improving the regulatory environment for business around the world.
Diamond & Oil mineral sectors in the Central African Republic are in the midst of starting back up again. This means that the Gold sector where Axmin inc is based should be ready to go shortly as well. http://www.diamondworld.net/Content/Central-African-Republic-Appeals-to-International-Mining-Community-to-Engage-In-Responsible-Sourcing/16793 https://www.facebook.com/pg/centrafriquenews/posts/?ref=page_internal (converted to English from French via the CAR news page) MINISTER MBOLI FATRAN ATTENDS AFRICA OIL WEEK 2018 CAR Minister of Mines and Geology, Mr Leopold Mboli Fatran, attended with Mr Francis Sodea, Director General of Petroleum, the 25th edition of Africa Oil Week held from 5-9 November 2018 in Cape Town, South Africa. Addressing as a member of the ministerial panel on national energy strategies on Wednesday, 7 November, Minister Fatran gave an overview of the CAR oil sector while indicating its prospects for development. He then discussed with Ms Andrea Brown, CEO of the South African company DigOil, who was exhibiting at the American Association of Petroleum Geologists meeting the first promising of the bloc C she is being exploring in the southwestern region of CAR. On November 8, the Minister of Mines met on the sidelines of the conference, Mr Zhou Song, Executive Director and President of SINOPEC, already established in CAR as a service provider in oil exploration and who would to strengthen its presence in the country. Finally, on November 9, Minister Mboli Fatran met with his Sudanese counterpart, Honorable Azhari Abdalla Abdelgader, with whom they committed to strengthen the ties in the near future between their respective departments through the formalisation of their bilateral cooperation.
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
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.
China pledges to build capacity of Central African police http://news.abangui.com/h/66096.htm...YUypTYFiS3l5_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.
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 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
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/c...e-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.
AXM.V Q3 2018 Results (Financials + MD&A) Ending September 30th 2018 All information is available through Sedar. Numbers below are in US Dollars *NOTE* - October 10th Cash & Share Deal Was Completed After Q3 Ended. Will be reflected in Q4 balance sheet Tickers: AXM (CDN) & AXMIF (US) Price: $0.26 Common Shares: 130,497,381 - Increased by 3.46 million after Q4 share deal Options: 8,240,000 Insider/Institutional Holdings: 82,089,114 ASSETS Cash: $2,250,907 - Cash will drop $1.2 million after Q4 deal Receivables: $153,047 Prepaid Expenses: $2,105 Total Assets: $2,406,059 *NOTE - CAR property value has not yet been added to assets LIABILITIES Accounts Payable: $1,436,261 - Liabilities will drop $1.2 million after Q4 deal Due To Related Parties: $192,572 Liabilities Of Discounted Operations: 0 - only liability removed in Q3 Total Liabilities: $1,628,833 Asset/Debt Ratio: 1.48:1 - first time since 2012 when a positive ratio 9 Month Earnings Summary - Royalty Revenue: $1,214,682 - Total Expenses: $399,454 - Removal of $323,103 liability - Total Comprehensive Income: $1,125,731 - USD Earnings Per Share: $0.008 *NOTE* - Terenga still owes Axmin around $1 million USD in royalty payments. This is paid as Gora ore is processed and sold Management Discussion Highlights Third Quarter 2018 Highlights - During the three months ended September 30, 2018, the Company reported royalty income of $147,488 from Gora Projects, compared with $273,516 for the same time period of 2017. - The net income for the three months ended September 30, 2018 was $310,826 compared to $206,789 in the same period of 2017. Business and Summary of Activities AXMIN is a publicly listed corporation with its shares trading on the TSX Venture Exchange (“TSXV”) under the symbol AXM. The Company is an international mineral exploration and development company with a strong focus on the African continent. AXMIN, through its wholly-owned subsidiaries, has exploration projects in the Central African Republic (“CAR”) and Senegal. The Company’s primary asset is the Passendro gold project situated in the CAR. Due to escalating interreligious conflicts in the CAR, all in-country operations other than administrative functions, carried out in the capital city of Bangui, have been suspended. In June 2018, Axmin has received confirmation from Teranga that the Government of the Republic of Senegal has granted two new exploration permits under the 2016 Senegalese Mining Code for Sounkounkou and Bransan, encompassing the 17 target areas that the Company shares an interest in with Teranga. The initial term of the exploration permits is for a period of 4 years with a requisite minimum expenditure commitment during this initial period. Thereafter the exploration permits are renewable two times for consecutive periods not exceeding three years each provided that Teranga has satisfied its work and expenditure commitments. The Bransan perimeter is 337.3km2 and Sounkounkou is 291.7km2, which together cover roughly 90% of the prior permit areas. AXMIN holds a 1.5% NSR on 17 Royalty Target Areas (being Target Areas have been made Royalty Election on) in total and maintains 20% interests of Remainder Areas within the above Senegal permits. Axmin’s royalty rights are intended to continue and survive the Joint Venture Agreement and remain tied to the permits themselves, irrespective of title holder. Since August 2015, Axmin Inc. started to generate the 1.5-per-cent net-smelter-return royalty’s income from the Gora deposit. Royalty income in the amount of $4,033,360 has been recognized since Gora Deposit began production. The total royalty income for the nine months ended September 30, 2018 was $1,214,682 (for the nine months ended September 30, 2017 - $970,855). The royalty is applied to the production of gold from the Gora deposit, located in the Senegal Republic. The Gora deposit is operated by Axmin's joint venture partner, Sabodala Mining Company SARL, a wholly owned subsidiary of Teranga Gold Corp. Operations Central African Republic – Passendro Gold Project The Company’s primary asset is the Passendro gold project, which is situated in the centre of a 25-year Mining License (355 sq km) that was awarded to AXMIN in August 2010. At the same time, the Company was also awarded two, three-year renewable Exploration Licenses, Bambari 1 and 2 (1,240 sq km), which ring fence the Mining License and cover a 90 km strike along the highly prospective Bambari greenstone belt. The Company notes as reported in the world press that the Central African Armed Forces (FACA) have recently been deployed inthe city of Bambari and the vicinity. AXMIN regrets the violence that has taken place during this time, and believes that thecombination of the FACA and MINUSCA forces on joint patrols should hopefully bring stability to the region enabling the Company to become operational again at Ndassima near Bambari. Senegal Joint Venture On February 28, 2012, AXMIN and its joint venture partner and manager, Sabodala Mining Company SARL (“SMC”), a whollyowned subsidiary of Teranga Gold Corporation (“Teranga”) amended its 2008 joint venture agreement. At the time, Teranga had earned an 80% interest in the Sounkounkou, Heremokono and Sabodala NW explorations licenses (the “Project”) located in the Birimian belt of eastern Senegal, by spending US$6 million on exploration. AXMIN has retained a 20% interest in the Project. The amended joint venture and royalty agreement (the “Agreement”) supersedes and replaces the original joint venture agreement. The 2012 Agreement with SMC includes, among other things, the following terms: (a) both parties agree that their respective interests (Teranga–80% and AXMIN–20%) in the Project are divided into Target Areas (being areas subject to exploration) and Remainder Areas (areas not yet subject to exploration); and (b) that both parties will retain all respective interests in all of these areas, until an election is made by AXMIN to convert its 20% interest in a Target Area into a 1.5% NSR or Royalty Interest (“Royalty Election”). After AXMIN has made a Royalty Election with respect to the Target Area, SMC will solely fund all finance work costs for each of the Royalty Interests. Senegal JV – Gora Deposit (1.5% Royalty Interest) In February 2012, AXMIN elected to hold a 1.5% NSR royalty interest in the Gora deposit. Since August 2015, Axmin Inc. started to generate the 1.5-per-cent net-smelter-return royalty’s income from the Gora deposit. On November 1, 2018, Teranga released its nine months ended September 30, 2018 Financial Statements and MD&A which contain additional information including information on Gora’s reserve and resources as noted below: Exploration and Evaluation Assets and Expenditures AXMIN holds a 100% interest in the Bambari properties which consist of a 25-year Mining Licence (355 sq km), which was granted in August 2010 and remains valid up to date, and two Exploration Licences, Bambari 1 and 2 (1,240 sq km), which were also granted in August 2010 and remains valid up to date. The Bambari properties had been the subject of substantial exploration by AXMIN since the discovery of the Passendro project. The Passendro project is situated in the centre of the Mining License which is ring-fenced by the two Bambari Exploration Licenses. Impairment in the amount of $37,346,576 was recognized as at December 31, 2013 on the Bambari properties to reflect the decrease in their recoverable value as the result of the current political turmoil in CAR. The new government of the CAR might adopt different policies respecting foreign development and ownership of mineral resources. Any such changes in policy may result in changes in laws affecting mining policies, ownership of mineral assets and might extend to expropriation of mineral assets. The recoverable amount of the Company’s Bambari properties is $nil based on management’s estimate of the asset’s fair value less costs to sell (“FVLCD”). As at September 30, 2018, there has been no significant change in the assumptions used to determine the FVLCD since the impairment loss was recognized in 2013 but as stated above the Board may re-evaluate the FVLCD once the Company is back on site and operational. Subsequent Events The Company settled an accounts payable of $2.0 million by making a payment of US$1.2 million and the issuance of 3.46 million shares at a price of C$0.30 per share. A settlement agreement has been entered into (the "Settlement Agreement") and the transaction relating to the Settlement Agreement has received final approval from the TSX Venture Exchange. Subsequent to the period end, the US$1.2 million was paid and the 3.46 million shares were issued extinguishing this accounts payable in its totality. The shares issued pursuant to the above-referenced Settlement Agreement are subject to transfer restrictions under a two (2) year lock-up agreement, during which time the shares may not be sold. The transfer restrictions under the lock-up agreement will expire two (2) years plus one day from the date of grant. Subsequent to the period end, 280,000 stock options were exercised. Concentration of Share Ownership As at the date of this report, AOG Holdings BV holds approximately 12.38% of the issued and outstanding common shares of the Company on a non-diluted basis, Shenglin Trading holds approximately 15.32% of the issued and outstanding common shares of the Company on a non-diluted basis and Dickson holds approximately 34.48% of the issued and outstanding common shares of the Company on a non-diluted basis.
