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Old 05-30-2019, 10:55 AM   Nav to Top  #181
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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 Welcome to AXMIN Inc. (TSXV:AXM). Please follow us on Facebook https://www.facebook.com/axmininc.
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Old 06-04-2019, 01:40 AM   Nav to Top  #182
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World Bank Provides $100 Million for the LONDO Project in the Central African Republic

https://reliefweb.int/report/central...entral-african

World Bank Provides $100 Million for the LONDO Project in the Central African Republic

WASHINGTON, May 30, 2019 - The World Bank Board of Executive Directors today approved a $100 million grant from the International Development Association (IDA)* for the LONDO project in the Central African Republic (CAR).

This additional financing will provide temporary employment to vulnerable persons and facilitate access to basic services nationwide. Known as “LONDO+,” this financing will help triple the number of labor-intensive public works beneficiaries, providing close to 5 million paid work days in the country.

“While it will take time for the formal private sector to establish itself across the entire country, the project will continue to fill an important gap by providing temporary jobs in all of the CAR’s districts, including the most remote areas. It will also provide access to basic services, especially in isolated areas where neither humanitarian nor development actors operate,” says Jean-Christophe Carret, World Bank Country Director for the Central African Republic.

LONDO+ will directly support implementation of the peace agreement signed in Bangui on February 6, 2019. Under this agreement, development projects will provide basic socioeconomic infrastructure, jobs, and labor-intensive public works programs. LONDO+ has five components: (i) local governance; (ii) public infrastructure; (iii) socioeconomic integration; (iv) project management; and (v) contingency emergency response.

Sophie Grumelard, World Bank Senior Social Protection Specialist and Task Team Leader for the project, explains that “the project will gradually promote a bottom-up approach to development to allow communities to articulate their needs to the central government through the local authorities that will represent and defend their interests. It will increase the Government’s logistical and technical capacity and agility to respond to crises in provinces with extremely poor and vulnerable communities.”

The new closing date for the LONDO project is July 30, 2024.

*The World Bank’s International Development Association (IDA), established in 1960, helps the world’s poorest countries by providing grants and zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people’s lives. IDA is one of the largest sources of assistance for the world’s 75 poorest countries, 39 of which are in Africa. Resources from IDA bring positive change to 1.5 billion people. Since its inception, IDA has supported development work in 113 countries. Annual commitments have averaged around $18 billion over the past three years, with about 54 percent going to Africa.
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Old 06-14-2019, 11:34 AM   Nav to Top  #183
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Central African Republic - Rebels Complete Disarmament
https://allafrica.com/stories/201906110707.html

The Revolution Justice was one of the 14 signatories of the February 5, 2019 Khartoum, Sudan peace accord with the government.

In spite of the difficult security situation in the Central African Republic, CAR, which last month saw the massacre in Paoua of 30 civilians by 3R rebels, progress is being made in restoring peace. Some 14 armed groups on February 5, 2019 in the Sudanese capital, Khartoum, reached a peace deal with the government of President Faustin-Archange Touadéra. Agency reports say the RévolutionJustice, RJ rebel movement of Armel Ningatouloum Sayo, which operated in the far north-west and west of the country, last week completed the disarmament of its combatants.

"There are no more RJ fighters in the localities we visited," noted Captain Guy-Sylvain Goné, head of the disarmament and demobilization mission that visited the area. He added that the last fighter to hand in his weapon was Luther Bétoumbam, Chief of Staff of the defunct RJ rebel movement. Révolution-Justice leader, Armel Ningatouloum Sayo, was one of the re presentatives of 14 armed groups who signed the peace agreement with government last February. He was later appointed High Commissioner in charge of National Pioneer Youth, with rank of a cabinet minister.

All disarmed combatants have two choices - join the military or learn a trade and be reintegrated into society. Meanwhile, Mankeur Ndiaye, the Special Representative and head of the UN Multidimensional Integrated Stabilization Mission in the Central African Republic, MINUSCA, will on June 15, 2019 brief the United Nations Security Council on the SecretaryGeneral's MINUSCA report. The Chair of the Peace-building Commission's Central African Republic configuration, Ambassador Omar Hilale of Morocco, may also brief the Council. MINUSCA's mandate expires on November 15, 2019.
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Old 06-17-2019, 11:11 AM   Nav to Top  #184
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University Research Report Shows Positive Impact Of China-CAR Relations (Released June 2019)

*Please note that Axmin is majority owned and directed by a Chinese business team, hence the purpose of posting this report*

https://www.scirp.org/journal/PaperI...?PaperID=92850

Note: This is a very long research report and only the briefing is posted.

In this article, we highlight people’s appreciation of the positive impact of South-South relations. This study is based on data collected from a survey conducted in 2018 with 624 people. Through this study, we study how the actions led by China in the field of natural resources in CAR have impacted in the country and on local people. We note that the presence of a foreign power in the field of natural resources is conditioned by the achievement of certain actions in quite diverse fields. Also, no results indicate that China has conducted many actions in CAR that have had a positive impact on the sample. Through this study, we show the importance of diversifying part- nerships through South-South relations. We found that China does not condition its interventions by political or social requirements. China’s relations with CAR, as with all other African countries, are based on the principle of win-win cooperation. Beyond France and China, this article concerns others states wishing to invest in the Central African Republic (also in all Africa countries). It invites them to adopt the principle of mutually beneficial cooperation in the development of a poor country.

Example of successful mining deal:

In 2017, the Central African Government and the Chinese company ThienPaoSarl signed a contract for five mining exploration permits mentioned above. This contract involved the exploitation of natural resources in western CAR (Krock, 2017). The Chinese company DEWEY has planned to rehabilitate school and administrative buildings, as well as the construction of new roads and a health center (Mbaye, 2017). DEWY operates in a semi-mechanized manner, the mineral resources (diamonds and gold) in the sub-prefecture of Gadzi (southwest), on the Lobaye River in the region between Boda and Carnot. We have seen a huge influx of Chinese investors in CAR for the exploitation of natural resources these last times
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Old 07-02-2019, 12:04 AM   Nav to Top  #185
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IMF, China, and EU announce three new sources of funding for the Central African Republic:

EU mobilises over €18 million for the Central African Republic in 2019 -

https://moderndiplomacy.eu/2019/06/2...ublic-in-2019/

Central African Republic: China Donates 16 Billion FCFA - Centrafrique : La Chine fait un don de 16 milliards de FCFA - abangui.com

IMF Executive Board Completes Sixth Review - https://www.imf.org/en/News/Articles...s-disbursement

Close to $80 million USD between the three sources.
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Old 07-04-2019, 11:48 AM   Nav to Top  #186
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Axmin grants options to buy 3.75 million shares

2019-07-04 05:40 MT - News Release


Ms. Lucy Yan reports

AXMIN GRANTS STOCK OPTIONS

Axmin Inc. has granted stock options to directors, officers and advisers of the company for an aggregate of 3.75 million stock options of the company exercisable at 60 cents, effective July 2, 2019. The options shall expire and terminate on July 2, 2024.

These stock options have been granted in accordance with the company's stock option plan 2005. Immediately following this award of stock options, the company has issued and outstanding stock options for 11.65 million common shares of the company and there were 1,773,738 stock options of the company available for future grant.

About Axmin Inc.

Axmin is a Canadian exploration and development company with a strong focus on Central Africa and West Africa. Axmin is positioned to grow in value as it progresses its Passendro gold project toward development and builds on its project pipeline focusing on transitioning from an explorer to producer.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.
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Old 07-18-2019, 11:11 AM   Nav to Top  #187
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Hundreds of militia fighters disarm in C. Africa peace plan

https://www.yahoo.com/news/hundreds-...183407555.html

Hundreds of militia fighters disarm in C. Africa peace plan

July 17, 2019

Bangui (Central African Republic) (AFP) - Hundreds of fighters from several militia groups in conflict-torn Central African Republic have laid down their weapons, the United Nations said on Wednesday, as the impoverished country struggles to end bloodshed among armed groups that control vast swathes of territory.

The nation, gripped by crisis since a 2013 coup, is striving to disarm and demobilise some 14 rebel groups as part of its latest peace efforts, which are supported by the UN peacekeeping mission MINUSCA.

So far, "five groups are already engaged in the process, disarming more than 450 fighters" in the west of the country, MINUSCA's deputy chief Kenneth Gluck told a press conference in the capital Bangui.

Among these he highlighted the Democratic Front of Central African People (FDPC), which he said had been "completely disarmed", adding that fighters of the Revolution and Justice (RJ) and the UFR-anti-Balaka militias had also given up arms.

He said the 3R militia group, blamed for the massacre of more than 50 civilians in May, has also pledged to lay down its arms.

The bloodshed in villages near the northwestern town of Paoua, close to the border with Chad, was the worst single loss of life since the government and the 14 militias signed the deal in February aimed at restoring peace to one of Africa's most troubled countries.

The largely Muslim Seleka ("alliance") coalition that ousted president Francois Bozize 2013 was officially dissolved the same year before fragmenting into separate groups including the 3R.

Nominally Christian militias called the anti-Balaka emerged in response to the coup, accelerating a cycle of sectarian violence.

UN envoy Mankeur Ndiaye stressed the importance of dialogue in ending the unrest, saying: "There is no military alternative to the Central African crisis."

With some 11,650 troops and 2,080 police deployed, according to the United Nations, MINUSCA's top priority is to protect civilians and stem the daily violence.

Former colonial power France intervened militarily from 2013 to 2016 to expel the Seleka, and then wound down the operation.
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