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AXM.V - Axmin Inc.

Posted by ProfitableStocksOnly at May 17, 2018 5:47 PM | Report Abuse
106 comment(s). Last comment by ProfitableStocksOnly at Sep 30, 2020 4:46 PM
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ProfitableStocksOnly
151 posts

Posted by ProfitableStocksOnly > Apr 12, 2019 9:36 AM | Report Abuse

Central African Republic: Six armed groups sign peace agreement in Bria

Note: This is an important agreement due to the fact that Bria is a few hours away from Ndassima and directly on the same access road.

https://reliefweb.int/report/central-african-republic/central-african-republic-six-armed-groups-sign-peace-agreement-bria

Six armed groups (the UPC, MPC, RPRC, MLCJ, Anti-Balaka (Mokom faction) and the FPRC)* signed an important peace agreement Tuesday 9 April in Bria, in the Central African Republic (CAR), which is expected to put an end to more than six years of violent conflict in the eastern region of Haute-Kotto.

The Accord is the result of talks convened by the Centre for Humanitarian Dialogue (HD) between the groups from 1-9 April 2019 in Bria. It also marks the culmination of months of intensive local mediation efforts led by HD to bring an end to violence across the Haute-Kotto region. Repeated attacks by the groups in the area since 2013 have led to the loss of many lives, widespread destruction of property and the displacement of thousands of people. The violence has also increased the divide between the Christian and Muslim communities which has been instrumentalised by the armed groups.

The Bria Agreement builds on the Accord for Peace and Reconciliation in the CAR (APPR), which was signed on 6 February 2019 between the Government and fourteen armed groups, including the six Bria Agreement signatories.

Under the terms of the Bria Accord, the parties have committed to:

Putting an end to violence;
Ensuring peace and security throughout the region;
Resolving grievances peacefully;
Refusing the instrumentalisation of differences based on politics, ethnicity or religion ;
Ensuring the safe return of refugees and internally displaced persons; and,
Guaranteeing the free movement of persons, goods and services, and humanitarian personnel. The follow-up committee set up under the APPR will be in charge of monitoring implementation of the Bria Accord.

“This Agreement represents an important step in strengthening the APPR and turning Central African people’s hope for peace and reconciliation into reality.” said Freddy Nkurikiye, HD’s Special Representative for Central and West Africa.

HD has been working in support of peace in the CAR since 2007, assisting both the country’s National Political Dialogue and community-based mediation efforts. HD played a key role in the 2008 Inclusive Political Dialogue, the 2015 Bangui Forum, the 2016 electoral process and more recently, the 2019 APPR process. The organisation has also been involved in the facilitation of local agreements such as the 2017 Bouar Agreement between the 3R and anti-Balakas armed groups which enabled the stabilization of parts of the Nana Mambéré province.

HD would like to thank the parties, the United Nations Multi-dimensional, integrated and stabilization Mission (MINUSCA) as well as the local administrative, traditional and religious leaders for their support to the mediation process which led to the Bria Agreement.

The organisation would also like to express its gratitude to the European Union for its financial support which has enabled HD to support peace efforts in CAR since 2014.

END

For any further enquiries, please contact HD’s Special Representative for West and Central Africa, Mr Freddy Nkurikiye, by phone on +41 79 388 35 31, or by email: nkurikiye@hdcentre.org

For further information about HD, please send an email to: pr@hdcentre.org

*UPC: Unité Pour la paix en Centrafrique; MPC: Mouvement Patriotique pour la Centrafrique; RPRC: Rassemblement Patriotique pour le Renouveau de la Centrafrique; MLCJ: Mouvement des Libérateurs Centrafricains pour la Justice; FPRC: Front Populaire pour la Renaissance de la Centrafrique


ProfitableStocksOnly
151 posts

Posted by ProfitableStocksOnly > Apr 12, 2019 11:30 AM | Report Abuse

US Department of State: Secretary Pompeo’s Meeting With Central African Republic President Faustin Archange Touadera

https://www.stl.news/us-department-of-state-secretary-pompeos-meeting-with-central-african-republic-president-faustin-archange-touadera/272830/

04/11/2019Marty SmithNo Comments
WASHINGTON (STL.News) – The US Department of State release the following:

The below is attributable to Spokesperson Morgan Ortagus:‎

Secretary Michael R. Pompeo met today with Central African Republic (CAR) President Faustin Archange Touadera in Washington, D.C. The Secretary affirmed U.S.-CAR relations and underscored strong support for President Touadera’s efforts to bring lasting stability and security to the Central African people by implementing the recently signed peace agreement. The two leaders exchanged views on a variety of key issues, including institutionalizing democratic reforms, creating a more inclusive and transparent business environment to revitalize the CAR economy, and ensuring justice for victims of war crimes. President Touadera also expressed his commitment to building an inclusive government and fighting impunity.


ProfitableStocksOnly
151 posts

Posted by ProfitableStocksOnly > Apr 13, 2019 1:40 PM | Report Abuse

Central African Republic: $ 45 Million from World Bank for Solar Field Construction

https://africandailyvoice.com/2019/04/10/centrafrique-45-millions-dollars-banque-mondiale-construction-champ-solaire/

Bangui, Central African Republic (CAR) - The Central African government and the World Bank signed a $ 45 million multilateral agreement in Washington on April 9 for the construction of a solar field near the capital Bangui.

The Central African government represented by the Ministers of Economy, Planning and Cooperation, Félix Moloua and that of Finance and Budget Henri-Marie Dondra, sealed this agreement in a context where it places the energy issue at the center. of his concerns for this year 2019.

According to the government, with this project, the Central African Republic wants to increase energy capacity by 25 megawatts in order to boost the economy, in line with Pillar 3 of the National Recovery and Peacebuilding Plan (RCPCA). The start of work is scheduled for August 2019.

With a rate of access to electricity that is 4% against an African average of 16%, the Central African government intends to raise this level with several projects. The extension works of the Boali 2 plant have just been launched thanks to the financial support of the African Development Bank for an amount of 23 billion FCFA to have 10 megawat more.

Central African energy will also benefit this year from another 10 megawat that will come from the installation of a thermal power plant with financing from the Saudi fund. This project includes a public lighting component for 14 avenues in the city of Bangui. The executory phase of the work is also planned for the second semester, the contract being already awarded.

"We will continue with the support of our partners to invest heavily in energy infrastructure, very important for our development," said the head of state Faustin Archange Touadera on March 30 on the occasion of his year 3 in power.

Several affluent investors, the Central African Republic after the signing of the peace agreement and Khartoum, is made possible thanks to the support of the Russian Federation, which further strengthens its cooperation with this country friends long abused by the Western powers.


ProfitableStocksOnly
151 posts

Posted by ProfitableStocksOnly > Apr 15, 2019 12:50 PM | Report Abuse

African Development Bank approves strategy for Central Africa – “crucial for the economic integration of the region”

https://africandailyvoice.com/en/2019/04/15/african-development-bank-approves-strategy-central-africa-crucial-economic-integration-region/

2019-04-15 Central African Republic, POLITICS

Johannesburg, South Africa (ADV) – The Board of the African Development Bank (AfDB) on Monday approved the Central Africa Regional Integration Strategy Paper 2019 – 2025, adopting the Bank’s multinational operations in Central Africa over the indicated period, African Daily Voice has learnt.

According to a statement issued by AfDB, the Central Africa Regional Integration Strategy Paper (RISP) for 2019 – 2025 builds on the lessons learned from the implementation of previous regional development initiatives. It also lists the Bank’s plans to accelerate intra-regional trade, inclusive economic growth and structural transformation of the Central African region.

“It will guide the Bank’s regional operations in seven member countries of the Economic Community of Central African States (ECCAS), namely Cameroon, Chad, Congo, Equatorial Guinea, Gabon, Democratic Republic of Congo (DRC), and the Central African Republic – a combined population of some 130 million people,” reads a statement Chawki Chahed, Chief Communications Officer, Communication & External Relations Department, African Development Bank.

“The cooperation, integration and economic development goals of the 2019 – 2025 Central Africa regional strategy will be achieved from the basis of two pillars: the first strengthens regional infrastructure (focusing on electricity networks, transport and ICT), while the second supports reforms for intra-regional trade development and cross-border investments and builds the institutional capacity of regional organizations, especially ECCAS and the Economic and Monetary Community of Central Africa (CEMAC).”

Ousmane Dore, Director-General of the Bank’s Central Africa Regional Development and Business Delivery Office said in 2018, the GDP growth rate in Central Africa doubled to 2.2 % from 1.1% in 2017, but remained below the sub-Saharan average of 3.5%.

“The region’s growth was driven primarily by global commodity prices, principally oil. Other countries within the ECCAS region continued to grapple with the vicious circle of instability and fragility, weak human and institutional capacity, and infrastructure deficits in the transport, energy and ICT sectors.

“Central Africa has significant oil resources, deposits of precious metals and minerals, huge transboundary water resources, and the continent’s greatest hydropower potential. Implementation of the Central Africa integration strategy will encourage regional and national authorities to ensure that cross-border programs and initiatives are embedded into public resource planning and administration,” said Dore.

The bank further stated that implementation of the Central Africa RISP will require investments amounting to US$ 4.421 billion, corresponding to 30 regional operations over the seven-year period. About 88% of the planned funding would be devoted to strengthening regional infrastructure. The infrastructure and institutional capacity-building components of the plan will also support the resilience of the countries in the region. Specific operations will also strengthen resilience to food insecurity, enable the socio-economic reintegration of vulnerable groups, and conserve ecosystems in the Congo Basin.

“The African Development Bank’s ongoing support for Central Africa is crucial for the successful economic integration of the countries in the region. The new Regional Integration Strategy Paper continues this tradition of supportive interventions in critical economic sectors. Ultimately, it will be a huge boost to intra-regional trade and a much needed structural transformation of the policy and business environment,” said Moono Mupotola, the Bank’s Director of Regional Development and Regional Integration.


The RISP is in conformity with the Bank’s new Regional Integration Strategy Framework (RISF) which was approved in March 2018, and the Ten-Year Strategy of the African Development Bank Group (2013-2022). It also aligns with the regional priorities from ECCAS and CEMAC and the Bank’s High 5priorities


ProfitableStocksOnly
151 posts

Posted by ProfitableStocksOnly > Apr 15, 2019 2:56 PM | Report Abuse

April 15th 2019: Russia to Send Soldiers to Central African Republic as Part of U.N. Force: Decree

https://www.nytimes.com/reuters/2019/04/15/world/europe/15reuters-africa-russia.html

MOSCOW — Russia will send up to 30 military personnel to Central African Republic as part of a U.N mission to help stabilize the country, according to a decree signed by President Vladimir Putin on Monday.

The decree said the Russian contingent would include military observers, staff officers and military communications specialists.

Moscow has already sent military equipment to CAR and Russian instructors are on the ground helping train the country's armed forces.

(Reporting by Polina Devitt; Editing by Andrew Osborn)


ProfitableStocksOnly
151 posts

Posted by ProfitableStocksOnly > Sep 30, 2020 4:46 PM | Report Abuse

Here is an update on Senegal and CAR, with regards to Axmin's involvement.

Senegal - As mentioned last time, Teranga Gold announced an updated mineral report. This report did show 4 new targets that AXM owns 20% interest in(Page 88 in the 43-101 from Teranga), unless convereted to a royalty. But on top of that, if you look closer at the report, there is still 50,000 ounces of gold left at Gora, which is a target that has already produced over 400,000 ounces of gold and paid Axmin millions in royalties(see Page 256 in the 43-101 from Teranga). So at $2,000 gold, this is another $1.5 million USD in revenue that Axmin still has to collect.

CAR - Today an important article came out which shows the United States sanctioning Russian companies in the Central African Republic. This is important because the transaction that would of occured in regards to the sale of Passendro to Midas(Russian Company) can no longer occur. This puts Axmin in a stronger negotiating position with regards to getting back both the Passendro mine and expansion leases. Only Russia and China have worked in CAR for the last several years, making Axmin one of the only true feasible options of getting the gold mine in production.

Link to new article: https://home.treasury.gov/news/press-releases/sm1133

From the last MD&A: On June 8, 2020, Aurafrique and Somio Tongou, through its lawyers, Cabinet Mboli-Goumba & Associes, filed a request for arbitration with the government of the Central African Republic and the Chambre Arbitrale Internationale de Paris for its permits On July 24, 2020, the Ministry of Mines and Geology of the Central African Republic accepted the request from Aurafrique and Somio Tongou for arbitration with the Chambre Arbitrale Internationale de Paris for the status of their properties. On August 18, 2020, the parties agreed that the location of the arbitration be the city of Abidjan, Côte d’Ivoire.

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