April 25th 2019 - China, Central African Republic vow to deepen cooperation http://www.xinhuanet.com/english/2019-04/26/c_138010216.htm BANGUI, April 25 (Xinhua) -- Zheng Jianbang, vice chairperson of the National Committee of the Chinese People's Political Consultative Conference, and Faustin-Archange Touadera, president of the Central African Republic (CAR), vowed on Wednesday in Bangui to deepen cooperation. Zheng conveyed warm greetings and good wishes from Chinese President Xi Jinping to Touadera. The relationship between China and the CAR has been progressing smoothly, the mutual political trust has been strengthening, and pragmatic cooperation in areas such as economy and trade, and exchanges between people on various levels are moving forward in an orderly fashion, Zheng said. Zheng reiterated China's commitment to supporting CAR's peace process and its nation building. He said that China is willing to deepen relations of friendly cooperation with the CAR amid efforts to implement the important consensus reached by the two heads of state and the outcomes of the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), so as to bring more benefits to the people of both countries. For his part, Touadera asked Zheng to convey his sincere greetings and good wishes to President Xi. He said the CAR will, like before, resolutely adhere to the one-China policy, and is willing to work with China to consolidate the friendship and cooperation between the two countries. On the same day, Zheng also met with Laurent Ngon-Baba, speaker of the National Assembly of the CAR, and Firmin Ngrebada, CAR's prime minister.
Chairman Lucy Yan Provides AXMIN's Year End 2018 Financial Results Vancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") AXMIN releases highlights from its Annual Report for the year ended December 31, 2018, which has been filed on SEDAR (amounts are in U.S. dollars). 2018 highlights Financial: Revenue of $1.5 million (2017: $1.6 million); Net Income of $1.5 million (2017: $1.2 million); Shareholder Equity $0.9 million (2017: deficit $1.2 million) Cash balance of $1.0 million (2017: $1.1 million); Operational: Senegal with Teranga Gold Corporation (Teranga) NSR royalty from Teranga for the Gora Deposit was largely unchanged at $1.5 million from $1.6 million the previous year. Work at Gora is now completed, but as of December 2018 there was remaining ore in stockpile to be processed by Teranga. AXMIN holds an additional 16 properties in conjunction with Teranga subject to future development with no further capital participation contribution required from AXMIN. AXMIN staff are in discussions with Teranga regarding progress on developing other properties in which AXMIN has an interest. The Central African Republic (CAR) AXMIN is delighted with the progress made in the Central African Republic to establish a lasting peace that will bring stability and development to the country. The Company is looking forward to being back on site and working at its Passendro gold asset near Ndassima in the near future. AXMIN has appointed Mr Lifei Jiang as CEO of the two subsidiary companies of AXMIN in the CAR in preparation for our imminent return to operations. Mr Jiang benefits from a great deal of experience in mining and construction projects in Africa. He has worked for and with large Chinese state-owned enterprises and is very familiar with the laws and regulations in our jurisdiction. Commenting on the annual results, Ms. Lucy Yan AXMIN's chairman, said: "During the past year AXMIN has made excellent progress on many fronts. Internally, we have resolved a long-standing account payable and now benefit from a clean balance sheet with positive Shareholder Equity. We are pleased with the revenue we have received from the Gora deposit in conjunction with Teranga and look forward to future target properties being developed. "In the CAR, we have seen positive steps taken by all of the stakeholders in the CAR with active support from international organizations such as the African Union and the United Nations as well as the neighboring countries to the CAR. We look forward to a continuation of this trend and a security solution to be implemented in Ndassima. "In my report in January, I presented the way forward for AXMIN in 2019 building on the strong results in 2018. I am happy to confirm that we are on track to deliver the key milestones highlighted in my report. The appointment of Mr Jiang as CEO of Somio Toungou S.A and of Aurafrique SARL is a key development that will enable our successful development of the Passendro gold asset. We have also already identified and commenced dialog with several potential strategic partners to assist with developing our assets before even commencing the formal selection process. "Also, as I stated in my January report the Company will be more communicative with the market going forward. AXMIN looks forward to updating its shareholders and the financial markets as a whole with operational developments in the CAR in the near future." This press release should be read in conjunction with the Company's audited annual report and accounts for the year ended December 31, 2018, together with its annual information form and management's discussion and analysis for the year ended December 31, 2018, all of which are available from the Company's website and on SEDAR. We seek Safe Harbor. About AXMIN AXMIN is a Canadian exploration and development company with a strong focus on central and West Africa. AXMIN is positioned to grow in value as it progresses its Passendro Gold Project towards development and builds on its project pipeline focusing on transitioning from an explorer to producer. For more information regarding AXMIN visit our website at www.axmininc.com. Please follow us on Facebook https://www.facebook.com/axmininc. This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact included herein, including without limitation, statements regarding future plans and objectives of AXMIN; and statements regarding the ability to develop and achieve production at Passendro are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from AXMIN's expectations have been disclosed under the heading "Risk Factors" and elsewhere in AXMIN's documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities. AXMIN disclaims any intention or obligation to update or revise any forward-looking statements whether resulting from new information, future events or otherwise, except as required by applicable law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Lucy Yan CEO and Chairman [email protected] General Enquiries David de Jongh Weill Chief Financial Officer and Corporate Secretary [email protected] +65 9781 8281 Investor Relations [email protected] www.axmininc.com
AXM receives $500K USD payment from TGZ for Q1 2019 Royalty (From TGZ results today) TGZ Financials Page 9: Includes royalties to Axmin Inc. on account of their 1.5 percent net smelter royalty on the Gora deposit. During the three months ended March 31, 2019, the Company incurred $0.5 million of Axmin royalties (2018: $0.5 million).
IMF Staff Completes Mission to the Central African Republic https://www.imf.org/en/News/Article...-african-republic-imf-staff-completes-mission IMF Staff Completes Mission to the Central African Republic May 3, 2019 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision. The recent peace agreement is a unique opportunity to improve the Central African Republic’s (C.A.R.) security and create the conditions for sustained and inclusive growth, poverty reduction, and job creation. Good progress was made in discussions with the authorities on economic and financial policies that could support completion of the sixth and final program review. C.A.R.’s macroeconomic performance remains favorable with increasing economic growth and contained inflation. An International Monetary Fund (IMF) team, led by Mr. Édouard Martin, visited Bangui from April 24 through May 3, 2019 to conduct discussions for the sixth and final review of the Central African Republic’s economic reform program supported by an Extended Credit Facility (ECF). The team met with President Touadéra, President of the National Assembly Ngon-Baba, Minister of Finance Dondra, Minister of Economy Moloua, National Director of the BEAC Chaibou, and other senior government officials. The team also met with parliamentarians and representatives of the business and donor communities. At the end of the visit, Mr. Martin issued the following statement: “The peace agreement signed on February 6, 2019 by the government and representatives of 14 armed groups represents a unique opportunity to improve the Central African Republic’s (C.A.R.) security situation and create the conditions for sustained and inclusive growth, poverty reduction, and job creation. “C.A.R.’s macroeconomic performance remains favorable. Economic growth is estimated at around 4 percent in 2018 and is projected to reach 4½ percent in 2019. Inflation was subdued at 1.6 percent in 2018 and is expected to remain contained. The current account deficit (excluding grants) would decline from about 12 percent in 2018 to around 11 percent in 2019. The banking sector remains well capitalized and liquid, with the share of non-performing loans decreasing significantly thanks to the repayment of commercial arrears by the government. Risks to the outlook remain significant, relating on the downside to the volatile security environment and rising oil prices and on the upside to the implementation of the peace agreement. “The implementation of the ECF-supported program—which will expire on July 19, 2019, as initially envisaged—is broadly on track. Program performance at end-December 2018 is satisfactory overall: all quantitative performance criteria were met, except for the domestic primary deficit, reflecting higher-than-expected current spending, and the repayment of domestic arrears, which was slightly delayed. Domestic revenue in the first quarter of 2019 was lower than expected, owing mainly to the forced closure in March of the main road from Cameroon and delays in the transfer on budget of the parafiscal taxes collected by public agencies. Most structural reforms have also been implemented, except for the elimination of parafiscal taxes without economic justification, which will require more time than initially estimated, and the submission to parliament of the draft law on public agencies, expected in the coming days. “The Central African authorities and the IMF team made good progress in discussions on a set of economic and financial policies needed for the completion of the sixth and final review under the ECF. Discussions focused on the parameters of a revised budget for 2019—to be submitted to parliament before mid-June—with a view to optimize the use of the additional budget support provided by international partners to help sustainably meet the new priority spending needs generated by the peace agreement. Additional measures to improve and sustain revenue mobilization—including strengthening imports and export valuation—are also key to meeting these needs. “The team urged the authorities to accelerate the integration of parafiscal taxes in the treasury single account and the implementation of the planed elimination of taxes and fees with no economic justification to support private sector development. The authorities are also encouraged to continue the strengthening of public expenditure management, to promote transparency and good governance. The authorities requested an IMF governance diagnostic mission and confirmed their commitment to limit borrowing—including concessional loans—to safeguard debt sustainability. “The team thanks the authorities for their warm hospitality, cooperation, and constructive discussions." IMF Communications Department MEDIA RELATIONS PRESS OFFICER: GEDIMINAS VILKAS PHONE: +1 202 623-7100EMAIL: [email protected]
Axmin begins formal process to choose Passendro partner 2019-05-06 05:50 MT - News Release Ms. Lucy Yan reports AXMIN ANNOUNCES COMMENCEMENT OF A PROCESS TO SELECT A STRATEGIC PARTNER Axmin Inc. is commencing a formal process for the selection of a strategic partner (or partners). With the improving security and stability in the Central African Republic (CAR), AXMIN is now moving forward into a selection process for the development of the Passendro asset. Potential Strategic Partners should:Be large multinational corporations that have experience with large scale construction, mining and infrastructure development in Africa.Be capable of dealing with in country logistics and liaising with various security services.Have an established track record of delivering projects on time and on budget.Enjoy an impeccable record for health, safety and environmental protection. Be sensitive to AXMIN's strict focus and adherence to Corporate Social Responsibility. Commenting on the commencement of the formal process, Ms. Lucy Yan AXMIN's chairman, said: 'We are delighted to now commence the formal selection process for a Strategic Partner or more broadly a team of Strategic Partners. As we have communicated before, AXMIN is already in discussions with several potential candidates; but as we now have clarity on returning to work on our asset in the CAR, it is appropriate to broaden this process and facilitate an open playing field for this development opportunity.' Interested parties should contact AXMIN's CFO, Mr. David Weill at [email protected] to progress the requisite documentation for access to the Company's online dataroom and be included in the process. About AXMIN AXMIN is a Canadian exploration and development company with a strong focus on central and West Africa. AXMIN is positioned to grow in value as it progresses its Passendro Gold Project towards development and builds on its project pipeline focusing on transitioning from an explorer to a producer. For more information regarding AXMIN visit our website at www.axmininc.com. Please follow us on Facebook https://www.facebook.com/axmininc. We seek Safe Harbor.
Central African Republic: Ten armed groups provide list of their members for the peace process http://french.xinhuanet.com/afrique/2019-05/18/c_138068934.htm BANGUI, May 17 (Xinhua) - Three months after the signing of a peace agreement between the Central African State and the 14 armed groups active on the territory, ten of them have handed the list of their members on Friday. likely to be eligible for the peace process in the Central African Republic (CAR), found on Friday in Bangui a Xinhua correspondent. This took place at the 17th Ordinary Session of the Advisory and Follow-up Committee of the National Program for Disarmament, Demobilization, Reintegration and Repatriation (DDRR). From now on, almost a thousand ex-combatants are on the list of eligible candidates for the DDRR program, either by integrating the Central African Armed Forces (FACA) or by choosing a socio-economic activity for which they will have to be trained and then provided. in installation kits in the field of their choice. In a response to the press, DDRR Minister Noël-Bienvenu Sélesson said lists of members of armed groups are essential for planning DDRR activities. The latter were officially launched by Central African President Faustin-Archange Touadéra from the Central African city of Paoua (extreme north-west) last December. Mr. Sélesson also added that the lists are necessary for the constitution of the special mixed security units (USMS), recommended by the peace agreement and to regroup the regular forces that are the FACA, the policemen and gendarmes, as well as some ex-combatants rebel groups.
Axmin Inc updates on Facebook are very positive regarding the Central African Republic https://www.facebook.com/pg/axmininc/posts/?ref=page_internal FACA(CAR forces) have entered an area north of where Axmin's gold deposit is for the first time in 5 years, as stated by the CAR government facebook page. This means it's highly likely that they have secured the Ndassima region or at the very least will be headed there shortly.
Cooperation Between CAR & Chinese Officials For Mining https://mines.gouv.cf/mission/90/cooperation-centrafricano-chinoise Wed 17/04/2019 - 12:00 The Minister in charge of Mines and Geology, Leopold MBOLI FATRAN conferred on 17 April in Bangui with the Vice Governor of the Chinese Province of FUJIAN on a working visit of a few days in the Central African Republic. The Vice-Governor of FUJIAN Province, Mr. Li-DEJIN, at the head of a strong delegation exchanged with the member of the Government on the issues of economic cooperation and investment in the field of mining and geology. This visit, which is part of a friendly and cooperative relationship, further strengthens ties between China and the Central African Republic. This relates to the exploration and exploitation of Mineral Resources. A visit of the officials of the Department in the Chinese province is planned for the coming months. It should also be noted that young Central African graduates have just left for China for a two-year period as part of a Master's degree course in Petroleum Project Management.
AXMIN Announces Financial Results for the Three Months Ending March 31, 2019 and Recent Operational Highlights 2019-05-30 08:04 MT - News Release Vancouver, British Columbia--(Newsfile Corp. - May 30, 2019) - AXMIN Inc.(TSXV: AXM) ("AXMIN" or the "Company") AXMIN releases highlights from its un-audited interim Financial Report for the quarter ended March 31, 2019. All amounts included in this news release are in United States dollars. Financial Results: During the three months ended March 31, 2019, the Company realized royalty income of $494,411 from the Gora Project, compared with $490,551 for the same time period of 2018. The net income was $322,505 compared to $373,527 in the same period of 2018. Liquidity and Capital Resources: As at March 31, 2019 the Company had cash on deposit in the amount of $1,190,421, accounts and other receivables of $506,627, and prepaid expenses of $9,978. Royalty income receivable of $494,411 has been received subsequent to the period ended March 31, 2019. As at March 31, 2019, the Company had working capital of $1,283,718 compared to a working capital of $935,823 as at December 31, 2018. The change in working capital reflects a higher balance of cash and a lower balance of accounts payable and accrued liabilities. Operational Highlights: On January 14, 2019 AXMIN released an update for 2019 providing a road map for development of the Company during this year with the main focus being to become operational again in the CAR. This announcement highlighted the deployment of the CAR armed forces (FACA) in Bambari and surrounding areas. The Company also stated it would when appropriate appoint additional senior staff and commence a process to select a strategic partner or partners to assist with the development of the Passendro asset. On April 10, 2019 AXMIN announced the appointment of Mr. Lifei Jiang as CEO of Somio Toungou S.A and CEO of Aurafrique SARL in Central African Republic and Mr. Jean Qian as Board Secretary and CEO Assistant of Axmin Inc. Subsequent to the appointment of Mr Jiang, the Company has prepared and presented a Site Recovery and initial project plan to the Executive and to the Ministry of Mines in the CAR. Axmin is working directly with the Government to return to work at Passendro imminently. The Company is fully prepared to recommence activities immediately as soon as the Government of the CAR is confident of the security solution that is being put in place at this time. On May 6, 2019 AXMIN announced that it has commenced the formal process for the selection of a strategic partner or partners for the development of the Passendro asset in the CAR as the company had clarity on its return to operations in the CAR. The Company is pleased to announce that this process is proceeding well. On May 20, 2019 the Government of the CAR announced that it had successfully established a FACA military base at Kaga Bandoro without violence after an absence of 5 years from this area. The Company is delighted with this development as it should provide a key strategic base to establish security in the Bambari, Djiboussi, Katsia and Ndassima corridor in which the Passendro asset is located. Commenting on the quarterly results, Ms. Lucy Yan AXMIN's chairman, said: The Company is very pleased with the progress made by the Government of the CAR toward a lasting peace and a security solution for the area of our mining asset, the Passendro deposit. We are also delighted to be on course as per our January guidance as to our expectations for 2019. The Company has met the key milestones we anticipated and once back on site we will commence the site survey and development of a phased rapid production plan with a strategic partner or partners. Given the deployment of FACA at Kaga Bandoro, we expect this return to site will be imminent. We seek Safe Harbor. About AXMIN AXMIN is a Canadian exploration and development company with a strong focus on central and West Africa. AXMIN is positioned to grow in value as it progresses its Passendro Gold Project towards development and builds on its project pipeline focusing on transitioning from an explorer to producer. For more information regarding AXMIN visit our website at www.axmininc.com. Please follow us on Facebook https://www.facebook.com/axmininc.
