Yesterday we saw Teranga Gold announce a $400 million acquisition for a gold property in Senegal which sits literally several kilometers away from Axmin's property. After analyzing the news release again, I noticed something very important in the same article under the end notes. It states the highest grade undeveloped open pit gold projects in Africa. In this portion it mentions Passendro, Axmin's gold project in CAR. This is important because out of hundreds, if not thousands of gold projects across the African continent, AXM holds one of the best. The market will soon see the value unfold as joint venture talks are currently underway and a site survey as well (see last news release from the company). https://www.newswire.ca/news-releas...-as-low-cost-mid-tier-producer-886868683.html as per the end notes: The highest-grade undeveloped open-pit gold reserve in Africa statement is based on publicly filed data available on S&P Capital IQ as at November 15, 2019, and includes the following projects: Sanbrado project (Burkina Faso), Tulu Kapi project (Ethiopia), Passendro project (Central African Republic), Yaoure, (Côte d'Ivoire), Wa-Lawra project (Ghana), Baomahun (Sierra Leone), (Block 14) Sudan, (Bombore) Burkina Faso. Other companies may calculate their respective reserves base differently.
TGZ Announced an acquisiton of Barrick Gold's Massawa gold deposit in Senegal. But with that, they also mentioned several of the best open pit gold deposits in Africa. Below you can see exactly what Teranga Gold posted, along with a comparison chart of everything (2) The highest grade undeveloped open-pit gold reserve in Africa statement is based on publicly filed data available on S&P Capital IQ as at Nov. 15, 2019, and includes the following projects: Sanbrado project (Burkina Faso), Tulu Kapi project (Ethiopia), Passendro project (Central African Republic), Yaoure (Ivory Coast), Wa-Lawra project (Ghana), Baomahun (Sierra Leone), (Block 14) Sudan, (Bombore) Burkina Faso. Other companies may calculate their respective reserves base differently. Sanbrado project (Burkina Faso) - https://www.westafricanresources.com/projects/sanbrado-project/ Resource: 2.4 million ounces indicated at 1.9g/t Au + 684k ounces inferred Owner: West African Resources Ltd (ASX:WAF) – Market Cap $350 Million AUD Tulu Kapi project (Ethiopia) - https://www.kefi-minerals.com/projects/ethiopia/tulu-kapi/resources-reserves Resource: 1.72 million ounces indicated at 2.12g/t Au + very little inferred resource Owner: Kefi Minerals (AIM: KEFI) – Market Cap £13.60 Million Pounds Passendro project (Central African Republic) -http://www.axmininc.com/images/axmin_presentation_8jun2018.pdf Resource: 2.03 million ounces indicated at 2.0g/t Au + 1.1 million ounces inferred Owner: Axmin Inc. (TSXV: AXM / OTCBB: AXMIF / FRA: A4JN) – Market Cap $47 Million CAD Yaoure (Ivory Coast) - https://perseusmining.com/wp-content/uploads/2019/10/Fact-Sheet-Yaoure-Rev4.pdf Resource: 1.9 million ounces indicated at 1.4g/t Au + 1.5 million ounces inferred Owner: Perseus Mining Ltd. (TSXRU) – Market Cap $1.05 Billion CAD Wa-Lawra project (Ghana) - https://www.azumahresources.com.au/projects-reservesnresources.php Resource: 1.78 million ounces indicated at 1.8g/t Au + 982k ounces inferred Owner: Azumah Resources Ltd. (ASX: AZM) – Market Cap $33 Million AUD Baomahun (Sierra Leone) – Purchased by Perseus Mining in 2016 : https://www.juniorminingnetwork.com...seus-mining-limited-and-amara-mining-plc.html Block 14 project (Sudan) - http://orcagold.com/assets/docs/presentations/Orca-Gold_FS-PRESENTATION.pdf Resource: 2 million ounces indicated at 1.2g/t Au + 375k ounces inferred Owner: Orca Gold (TSXV: ORG) – Market Cap $66 Million CAD Bombore (Burkina Faso) - https://www.orezone.com/en/bombore-project/resources-reserves/ Resource: 4.17 million ounces indicated at 0.69g/t Au + 1.1 million ounces inferred Owner: Orezone Gold Corporation (TSXV:ORE) – market Cap $143 Million CAD
IMF Executive Board Approves US$115.1 Million Three-Year Extended Credit Facility (ECF) Arrangement for the Central African Republic https://www.einnews.com/pr_news/505...-arrangement-for-the-central-african-republic December 20, 2019 Board’s decision enables an immediate disbursement of SDR 11.936 million, about US$16.4 million Structural reforms will aim at improving the government’s capacity to design and implement policies and reforms, and enhancing governance, including through strengthening anticorruption institutions. Fiscal policy will focus on enhanced revenue mobilization, spending prioritization, and strengthened public financial management On December 20, 2019, the Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the IMF’s Extended Credit Facility (ECF) for the Central African Republic (CAR) equivalent to SDR83.55 million (about US$115.1 million, or 75 percent of the Central African Republic’s quota in the Fund). The IMF-supported program aims to maintain macroeconomic stability, strengthen administrative capacity, governance and the business climate, and address the country’s protracted balance of payment needs. The IMF Executive Board’s decision enables an immediate disbursement of SDR 11.936 million, about US$16.4 million. Disbursement of the remaining amount will be phased in over the duration of the program, subject to semi-annual reviews of the IMF-supported program by its Executive Board. Following the Executive Board’s discussion on Central African Republic, Mr. Mitsuhiro Furusawa, Deputy Managing Director and Acting Chair, made the following statement: “Despite significant progress under the ECF arrangement that expired last July, the Central African Republic (C.A.R.) remains very fragile, with a volatile security environment, limited administrative capacity, poor governance, and lack of social cohesion. “The new three-year program supported by the IMF Extended Credit Facility (ECF) will support the implementation of the February 2019 peace agreement and of C.A.R.’s medium-term development strategy. It aims at maintaining macroeconomic stability, strengthening administrative capacity, governance and the business climate, promoting robust and sustainable growth, and reducing poverty. “Fiscal policy will focus on enhanced revenue mobilization, spending prioritization, and strengthened public financial management. This will ensure that C.A.R.’s considerable security, social, and infrastructure spending needs are sustainably met. Revenue mobilization measures will include the daily reconciliation of revenue data, the digitalization of tax returns and payments, and enhanced coordination between revenue administrations. The further strengthening of public financial management will involve the elimination of the remaining public agencies with no economic justification, the finalization of the audit of domestic arrears, and the strengthening of SOEs’ oversight and management. “Structural reforms will aim at improving the government’s capacity to design and implement policies and reforms, enhancing governance, including through strengthening anticorruption institutions, and removing bottlenecks and regulatory impediments to private investment. “Continued financial and technical support from development partners will be critical to the program’s success. Given its high risk of debt distress and limited revenue base, C.A.R. will have to continue relying heavily on grant financing to finance its most pressing spending needs. The authorities will work closely with their technical partners to ensure that capacity development focuses on priorities closely aligned with the program objectives and is efficiently delivered. “The C.A.R.’s program is supported by the implementation of policies and reforms by the CEMAC 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 program’s success.” Annex Recent Economic Developments The Central African Republic authorities’ program of economic policies and reforms implemented under the three-year ECF arrangement that expired in July helped to restore economic growth, reduce fiscal and external imbalances, and strengthen public administration. Recent economic developments have been broadly satisfactory, with growth expected to recover to 4 ½ percent this year, mainly driven by the mining, forestry and construction sectors. As the inflationary pressures that resulted from the blockade of the main trade route between Bangui and Cameroon in March have abated, inflation is expected to be limited to 3¼ percent on average this year and less than 3 percent next year. The current account deficit is expected to narrow to 5.6 percent of GDP in 2019, thanks primarily to an increase in official transfers. The banking sector remains well capitalized, liquid, and profitable although credit to the private sector declined by 3 percent year-to-year in September 2019. Some progress has also been made in the implementation of structural reforms. Progress under the peace agreement signed in February 2019 remains fragile. Overall, CAR remains in a very fragile situation, with a volatile security environment, limited administrative capacity, poor governance, and lack of social cohesion. Program Summary The program will support the implementation of the peace agreement and of CAR’s medium-term development strategy. Fiscal policy will focus on revenue mobilization, spending prioritization, and strengthening public financial management, with a view to allow, over the medium term, the sustainable financing of CAR’s considerable security, social, and infrastructure spending needs. Structural reforms will aim at improving the government’s capacity to design and implementing policies and reforms, at enhancing governance, and at removing bottlenecks and regulatory impediments to private investment. The medium-term outlook remains broadly favorable, provided security holds. Given the peace agreement’s slow implementation, the macroeconomic framework assumes no conflict resurgence but factors in only limited peace dividends at this juncture. Growth is expected to amount to 5 percent over the medium term, driven by the recovery in the mining sector, the implementation of structural reforms, and the gradual loosening of the energy and transportation bottlenecks. Inflation is expected to remain under the CEMAC ceiling of 3 percent over the medium term. The current account deficit would stabilize at about 5½ percent of GDP, as the improvement in the balance of goods and services would broadly offset the decline in official transfers. The domestic primary balance would stabilize at around 2½ percent, allowing a gradual reduction of the debt/GDP ratio. Facing lower-than-expected revenues, the authorities are committed to containing the domestic primary balance. The new arrangement will help catalyzing external concessional financing from other development partners, which is critical to support CAR’s path out of fragility. The IMF will also continue its extensive capacity development on priorities that are aligned with the program objectives. However, risks to the outlook remain high. Political pressures and uncertainty could weaken policy and reform implementation in the run-up to the 2020–21 presidential and general elections. A renewal of violence could also exacerbate the humanitarian crisis and political instability.
New Ministry Of Mines Building In CAR + Pro Tourism Video https://www.facebook.com/axmininc/ New post from Axmin regarding a brand new building for the ministry of mines in CAR Major Youtuber with over 1.2 million followers who just visited Bangui.
CAR Mining Conference Video - February 27th to 29th From the government website gouv.cf This is the first mining expo in almost a decade. The country would not be able to put this on if there was still extreme turmoil. The significance is that if the country is open for business, then Axmin will be back to work shortly. We should be seeing an update on the survey and joint venture talks, mentioned in the last news release.
Former Central African Republic leader returns after six-year exile https://africa.cgtn.com/2020/01/10/...republic-leader-returns-after-six-year-exile/ By CGTN Africa -5 hours ago047 Former Central African Republic (CAR) rebel leader and president Michel Djotodia returned to Bangui on Friday, exactly six years after quitting as head of state, and pledged to support peace in the troubled country. Djotodia, 71, who resigned 10 months after seizing the presidency at the head of a Muslim rebellion in March 2013, landed onboard a Royal Air Maroc flight from Casablanca via Douala in Cameroon. He had been living in exile in Benin. He was welcomed at a hotel in the capital by about 30 of his supporters and given a security escort by police and army personnel, an AFP reporter saw. He was expected to meet later with President Faustin-Archange Touadera. “2020 will be a year of peace. I am no longer a man of war, I am a man of peace,” Djotodia told journalists. “I urge all the rebels to be patient,” Djotodia said separately in a brief interview with AFP. “There is a peace agreement which has been signed. It is time for all of us, fighters and all Central Africans, to stand up to pacify the country.” Djotodia’s rebel movement, known as the Seleka, plunged the CAR into violence in 2013. Sectarian fighting between the pro-Christian and Muslim militia sparked military intervention by France, the former colonial power, to stem the bloodshed. Djotodia quit as president under international pressure on January 10 2013. His successor, Touadera, was elected in 2016. He governs with the support of MINUSCA, a 14,700-person UN peacekeeping force. But most of the country lies in the hands of armed groups, who often fight over the country’s mineral resources. The long conflict has forced nearly a quarter of the country’s 4.7 million people to flee their homes. The United Nations estimates that two-thirds of the population depend on humanitarian aid to survive. The country is ranked next-to-last after Niger on the 2018 UNDP’s Human Development Index, which compares longevity, education, and income per capita. Life expectancy is just 52.9 years. There have been repeated peace agreements between the government and armed groups. The most recent, signed on February 6 last year, has lessened the intensity of the violence but not ended it. Bozize returned home on December 16 to be hailed by thousands of supporters. He arrived just in time to register as a candidate for the next presidential election due in 2020, but he has not disclosed his intentions. He is named in an international arrest warrant, filed by the CAR in 2013, for “crimes against humanity and incitement to genocide.”
Central African Republic Mining Expo Information https://semicacentrafrique.com/ That is the official website. If CAR is open for business then Axmin should have no issues getting the JV done and back to work. As per the early December news: Axmin has the requisite equipment in country to commence an initial site survey to further the previously defined site reclamation and rapid production plan. The implementation of this survey is in process and the company will provide timely updates on the social media platforms. The company has also identified several humanitarian projects that have high positive social impact but low capital expenditure that are being commenced at this time. It has always been the company's intention to work for the benefit of all stakeholders in the project and improving the lives of the residents in the village near the company's asset is clearly in line with these goals. The negotiations as to the choice of strategic partner have also been delayed slightly due to the security situation but talks are on going and meetings will be held in Beijing in early December in this regard.
AXMIN Announces Letter of Intent with First Strategic Partner Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") AXMIN signs Letter of Intent. AXMIN is pleased to announce that it has signed a Letter of Intent for the development of its Passendro Gold Asset in the Central African Republic (CAR) with AU Metals Limited (AU Metals) a subsidiary of the AU Group Limited. AU Metals is a gold and copper mineral focused venture capital firm established in 2015 in Hong Kong, SAR and the BVI. AU Metals through its related company AU Ventures Limited operates venture capital funds. AU Metals have been involved with numerous mining companies. AU Metals' team also has operational experience in projects throughout Asia, Africa, North America, and Australia. AU Metals is well connected in the mining industry and has close relationships with corporate and state-owned enterprise mining operations and investors in the Asia region. AU Metals maintains offices in Hong Kong, Beijing, Sydney, Melbourne, Perth, and Brisbane. AXMIN has agreed with AU Metals to work together on the results of the ongoing site survey to define a scoping study based on the situation on site, the results and implications of illegal mining activity and the past exploration and geological analysis performed by the company. The Company will work with AU Metals to define what equity capital and debt facility will be required to implement the project in the CAR Dr. Wei Jin, executive president and managing partner of AU Metals stated, "We are excited with the prospect of collaborating with AXMIN on its Passendro Gold Asset. AU Metals has the expertise to help bring the asset to the next level and we feel that our networks in the mining industry can help this partnership realize success." AXMIN Chairman and CEO Lucy Yan said, 'We are delighted to be working with AU Metals to accelerate the development of the Passendro Gold Asset. The Company values the extensive track record and expertise of AU Metals and are confident that working with this strategic partner will ensure a successful realisation of the project for the benefit of all shareholders and stakeholders concerned.' 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 the 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 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/51630
Interesting development here. Last night I decided to try googling "Central African Republic" in Chinese "中非共和国" and what I got were some amazing results. Despite not finding much activity when searching CAR in English, there are many Chinese websites showing companies, deals, etc. going on over there and how much more active of a participant China is in CAR. Why is this important for Axmin Inc. Well AXM/AXMIF is majority owned by major Chinese investors, run by Chinese Directors mostly, just announced JV news with a Chinese company that has connections to a SOE(State Owned Enterprise). What it boils down to is that Axmin will successfully get back to Passendro because we likely have much stronger support from Beijing than the market really understands. Articles below are all less than a year old, some are from this week. China-Africa diamond export policy changes, World Diamond Council issues notice : https://www.thediamondloupe.com/zh-hans/compliance/2019-12-06/中非钻石 Groundbreaking Ceremony for China-Africa Photovoltaic Power Plant : http://www.chinca.org/CICA/info/20012110330111 Zhongjiang International Group signs "Mining Agreement" with the Ministry of Mines and Geology of the Central African Republic : http://www.zjgj.com/news/2725.html Yu Weiguo Tang Dengjie Meets with Minister of Agriculture and Rural Development of China and Africa Fei Zulei : http://fjnews.fjsen.com/2019-12/15/content_30095071.htm Chinese New Year in Central African Republic : http://www.gzbgj.ceec.net.cn/art/2020/1/28/art_7618_2060134.html China Railway 11th Bureau 5th Company China Africa Co., Ltd. - http://www.wpinjobs.com/company/company-show-19238-.htm (The company is a branch of the China Railway Eleventh Bureau and the fifth company in the Central African Republic. The current task is the China-Africa Bangui Airport Security Emergency Project with a contract value of 9 billion CFA.) (Video) Chinese New Year In CAR - https://rmh.pdnews.cn/Pc/ArtInfoApi/video?id=11064299 Chinese New Year at Bangui Friendship Hospital : http://world.people.com.cn/n1/2020/0128/c1002-31563462.html Central African Republic Mining Association Creates New Situation in China-Africa Mining : http://www.cnwnews.com/biz/2019/0528/05284255.html Li Dejin, Vice Governor of Fujian Province, led a delegation to visit the Central African Republic : http://world.people.com.cn/n1/2019/0422/c1002-31041539.html Interview: "Belt and Road" is an important topic of China-Africa cooperation-a visit to the China-Africa Republic : http://www.emmfilms.com/a/keji/20190712/226.html China-Africa "old friend" walks into Luochuan oil terminal : http://www.elucy167.com/info/1008/3805.htm Central African Republic ( China ) Tianbao Mining Company - https://www.mining120.com/com/tianbaofafafa/introduce/ http://www.bjresource.com/archives/539 Welcome to Ruishangsi (Beijing) Technology Consulting Co., Ltd! Recent Major Projects : Central African Republic (China) Tianbao Mining Release time: 2019-1-29Shareto: Completion time: June 2018 Project Content: Field Investigation and Exploration Suggestions for the Abba Gold Mine, Carnot and Gadzi Diamond Sand Mine in the Central African Republic
https://www.570news.com/2020/01/31/un-slightly-eases-arms-embargo-on-central-african-republic/ UN slightly eases arms embargo on Central African Republic CAMEROON, Cameroon — The U.N. Security Council voted Friday to slightly ease the arms embargo against the Central African Republic, with Russia and China abstaining because they wanted a greater easing of the weapons ban to help the government’s forces combat armed groups and protect the population. The vote on the French-drafted resolution — 13-0 with the two abstentions — followed contentious negotiations in the 15-member council over the extent the arms embargo should be eased. At one point Russia presented a rival draft resolution, diplomats said. Acting U.S. Deputy Ambassador Cherith Norman Chalet expressed deep concern after the vote that Russia’s ambassador to Central African Republic had publicly stated that council members that disagreed with Moscow’s position opposed peace in the country and were against the interests of its people. “In fact nothing could be further from the truth,” she said. While council members differ over the elements of an effective sanctions regime, Chalet said, “all of us are engaged on this matter because we want to see peace and security in the Central African Republic and elevate the interests of the Central African people.” Central African Republic has faced deadly interreligious and intercommunal fighting since 2013, when predominantly Muslim Seleka rebels seized power in the capital, Bangui. Mostly Christian anti-Balaka militias fought back, resulting in thousands of people killed and hundreds of thousands displaced. The impoverished country saw a period of relative peace in late 2015 and 2016 but violence intensified and spread afterward. In February 2019, the government signed a peace agreement with 14 armed groups. In response to the peace agreement and progress in reforming its security sector, the Security Council gave a green light last September for the country’s security forces to be supplied with weapons with a calibre of 14.5 mm or less, and ammunition for them, with at least 20 days advance notification and specific requirements including that they not be transferred or sold. The resolution adopted Friday goes further, allowing the government forces to be supplied with military vehicles and vehicles mounted with weapons with a calibre of 14.5 mm or less, with the same notification procedures. The previous arms embargo was extended for one year but Friday’s resolution only extends it for six months, until July 31, 2020. It requests Secretary-General Antonio Guterres, in close consultation with the U.N. peacekeeping mission in the country and the panel of experts monitoring sanctions, to report by June 30 on the government’s progress in implementing benchmarks that could guide a review of the arms embargo. These include security sector reform, the demobilization and reintegration of combatants, and the management of weapons and ammunition. France’s Deputy Ambassador Anne Gueguen told the council after the vote that “against a security backdrop which is still unstable” it’s important that the council assist Central African authorities toward meeting the benchmarks, which is “a key element for enduring peace and security” in the country. Niger’s U.N. Ambassador Abdou Abarry, speaking on behalf of the three African council members including South Africa and Tunisia, said the resolution “will pave the way for armed forces to reequip themselves so they can regain control over the entire country and push back the armed groups that continue to threaten peace and security.” The Central African Republic’s government has called for the lifting of the arms embargo. Russia’s Deputy Ambassador Dmitry Polyansky and China’s Deputy Ambassador Wu Haitao said the Security Council should have gone further in easing sanctions. “The arms embargo against the Central African Republic might have been beneficial at the early stages,” Polyansky said. “However, currently it is, de facto, an obstacle to the rearming of the national army and the security forces — the very institutions that bear the primary responsibility for ensuring security and peace of their own citizens. Meanwhile, the spoilers of the peace process have no obstacles when it comes to obtaining arms through trafficking.” He said Russia intends to review the sanctions in July when the arms embargo must be renewed again “with a view to their easing and ultimately their full lifting.” Wu said the council should lift sanctions “at an early date,” citing improving security in the country and progress on meeting the benchmarks. Edith M. Lederer, The Associated Press
