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General
2020-09-30 16:45 | Report Abuse
Lots of updates from New Dimension Resources. These can all be found on www.sedar.com or www.stockwatch.com
Summary below
NDR now has 3 JV partners:
- YRI.T (Yamana Gold) For Domain (70/30)
- AGLD.V (Austral Gold) for Santa Cruz (80/20)
- ECC.V (Ethos Gold) for Savant Lake (70/30)
- Two more Argentina Assets (one of them has a 43-101 indicated resource of 400k ounces gold & 10 million silver)
- 3 Newly acquired Scandinavian Gold/Silver/Copper assets that are located next to major producing mines
Company is well financed as of recent:
- $3.62M raised, insider and institutional participation
- $512K shares for debt, mostly insiders. They had the choice for a cash payment and chose shares
- $800K sale for 80% of Santa Cruz
- $2M sale for 70% of Savant Lake
General
2020-08-09 12:11 | Report Abuse
Yamana Update Regarding NDR Joint Venture Domain Property (July 23rd 2020)
https://www.yamana.com/English/investors/news/news-details/2020/Yamana-Gold-Reports-Second-Quarter-2020-Financial-Results-Strong-Cash-Flow-Generation-a-Further-Reduction-of-101-Million-in-Net-Debt-Jacobina-Phase-1-Expansion-Complete-Increasing-Dividend-by-a-Further-12-to-0.07-Per-Share/default.aspx
Domain, Canada
The Domain project is located near Oxford Lake in northeast Manitoba, comprising a 20,000-hectare property that is 100%-controlled by the Company. Interpretation of regional airborne magnetics together with government geological survey till geochemistry support a highly prospective environment for folded iron formation hosted gold. The Company's property surrounds three claims totaling 576 hectares that are under a joint venture agreement with New Dimension Resources, which holds a 29.6% interest. The joint venture claims cover an area of historic drilling with significant gold intercepts hosted by iron formation that includes intervals reported by Rolling Rock Resources in 2008 and New Dimension Resources in 2017.
The Company recently signed an exploration agreement with the Bunibonibee Cree Nation (“BCN”) that provides a framework for a cooperative, mutually respectful agreement supporting the advancement of exploration within the Traditional Territory of the BCN while providing employment and business opportunities to the BCN.
General
2020-08-09 12:08 | Report Abuse
NDR.V Due Diligence Report
Price: $0.065
Common Shares: 66.8 million
Insider Holdings: 15% or 10 million (CEO owns roughly half)
Institutional Holdings: 19.9% or 13.3 million (Sandstorm Gold - SSL.T)
Options & Warrants: 11 million (Between $0.125-$0.25)
Website: www.newdimensionresources.com
Recent Company Presentation (June 2020): https://www.newdimensionresources.com/site/assets/files/13219/2020_06_ndr_final.pdf
NDR.V Property Ownership Breakdown
NDR owns 5 properties, one of them already have a very valuable proven resource. Below is the breakdown as per their company presentation
1) Savant Lake Gold Project(Owned 100%) - https://www.newdimensionresources.com/projects/canadian-projects/savant-lake-project/
2) Domain Gold Project (Owned 30% / 70% Yamana YRI.T) - https://www.newdimensionresources.com/projects/canadian-projects/domain-project/
3) Las Calandrias Project (Owned 100% - Has 400k ounces of Gold Proven) - https://www.newdimensionresources.com/projects/argentina-projects/
4) Sierra Blanca Project (Owned 20% - Sold 80% Recently for $800,000 USD) - https://www.newdimensionresources.com/projects/argentina-projects/
5) Los Cisnes Project (Owned 100%? Does not specify) - https://www.newdimensionresources.com/projects/argentina-projects/
6) Company has mentioned in the last MD&A that they are looking for other gold assets.
General
2020-08-09 12:03 | Report Abuse
NDR.V Due Diligence Report
Price: $0.065
Common Shares: 66.8 million
Insider Holdings: 15% or 10 million (CEO owns roughly half)
Institutional Holdings: 19.9% or 13.3 million (Sandstorm Gold - SSL.T)
Options & Warrants: 11 million (Between $0.125-$0.25)
Website: www.newdimensionresources.com
Recent Company Presentation (June 2020): https://www.newdimensionresources.com/site/assets/files/13219/2020_06_ndr_final.pdf
NDR owns 5 properties, one of them already have a very valuable proven resource. Below is the breakdown as per their company presentation
1) Savant Lake Gold Project(Owned 100%) - https://www.newdimensionresources.com/projects/canadian-projects/savant-lake-project/
2) Domain Gold Project (Owned 30% / 70% Yamana YRI.T) - https://www.newdimensionresources.com/projects/canadian-projects/domain-project/
3) Las Calandrias Project (Owned 100% - Has 400k ounces of Gold Proven) - https://www.newdimensionresources.com/projects/argentina-projects/
4) Sierra Blanca Project (Owned 20% - Sold 80% Recently for $800,000 USD) - https://www.newdimensionresources.com/projects/argentina-projects/
5) Los Cisnes Project (Owned 100%? Does not specify) - https://www.newdimensionresources.com/projects/argentina-projects/
6) Company has mentioned in the last MD&A that they are looking for other gold assets.
Recent news:
New Dimension arranges $3.7-million private placement
2020-08-06 11:33 MT - News Release
Mr. Eric Roth reports
NEW DIMENSION ANNOUNCES PRIVATE PLACEMENT FINANCING FOR THE PURPOSES OF EMBARKING ON A NEW DIVERSIFICATION STRATEGY
New Dimension Resources Ltd. has noted:
Commencement of a private placement financing for gross proceeds of up to a maximum of $3.7-million, with a lead order from Palisades Goldcorp Ltd. and significant participation by management;
Proceeds will assist with advancing the company's existing Canadian gold portfolio, and the acquisition and advancement of new high-grade gold and base-metal projects in favourable, highly prospective jurisdictions. Due diligence is currently under way on two regional opportunities;
New Dimension is seeking to enhance the company's growth strategy following the initial diversification out of Argentina (refer to news release dated April 1, 2020).
Subject to regulatory approval, New Dimension has initiated a private placement financing with a lead order from Palisades Goldcorp. The company intends to complete a non-brokered private placement of up to 60 million units at a price of six cents per unit for gross proceeds of up to $3.7-million. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at 12 cents per share for a period of 36 months.
Insiders will be participating in at least a minimum nine million shares.
Proceeds from this private placement will be used to advance the company's Canadian gold portfolio, and to acquire and advance new high-grade gold and base-metal projects in favourable jurisdictions, as well as for general working capital, which includes settlement of current liabilities.
The company may pay finders' fees in either cash, shares, share purchase warrants or a combination thereof, as permitted by regulators, on a portion of the private placements. Closing of the private placement is expected to occur on or before Aug. 19, 2020. All securities issued under the private placement will be subject to a hold period of four months from the date of issuance of the securities.
About New Dimension Resources Ltd.
New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade precious and base metal deposits. The Company's current focus is on the discovery through exploration and drilling of high-grade gold deposits on its 100%-owned Savant Lake project in Ontario and 29.6% interest in the Domain JV in Manitoba.
We seek Safe Harbor.
Additional news and information:
Yamana Update Regarding NDR Joint Venture Domain Property (July 23rd 2020)
https://www.yamana.com/English/investors/news/news-details/2020/Yamana-Gold-Reports-Second-Quarter-2020-Financial-Results-Strong-Cash-Flow-Generation-a-Further-Reduction-of-101-Million-in-Net-Debt-Jacobina-Phase-1-Expansion-Complete-Increasing-Dividend-by-a-Further-12-to-0.07-Per-Share/default.aspx
Domain, Canada
The Domain project is located near Oxford Lake in northeast Manitoba, comprising a 20,000-hectare property that is 100%-controlled by the Company. Interpretation of regional airborne magnetics together with government geological survey till geochemistry support a highly prospective environment for folded iron formation hosted gold. The Company's property surrounds three claims totaling 576 hectares that are under a joint venture agreement with New Dimension Resources, which holds a 29.6% interest. The joint venture claims cover an area of historic drilling with
General
2019-04-15 14:56 | 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)
General
2019-04-15 13:25 | Report Abuse
Canaf Investments registers South African subsidiaries
2019-04-15 10:50 MT - News Release
Mr. Christopher Way reports
CANAF ANNOUNCES NEW SOUTH AFRICAN SUBSIDIARIES
Canaf Investments Inc. has registered new South African subsidiaries as part of its growth and diversification strategy.
Canaf has registered a new wholly owned South African subsidiary, Canaf Investments Pty. Ltd., which wholly owns Canaf Estate Holdings Pty. Ltd.
The new subsidiaries have been registered as part of the corporation's strategy plans, with the intention of creating a diverse corporation focused on sustainable and long-term growth sectors within South Africa. Canaf Investments Pty. will be used to act as a holding company for new South African investment companies.
CEH will be used to invest in properties primarily within the suburbs of the old Johannesburg CBD; an area that is currently benefiting from significant investment and regeneration projects. The corporation sees investment in real estate in these suburban areas as an opportunity to acquire properties that should experience significant capital growth, whilst yielding healthy rental returns. Examples of major projects close to CEH's target area include Jewel City, Maboneng and Victoria Yards, and one of the major funds to invest in the area is Divercity, http://divercity.co.za.
The vision for CEH is to acquire, redevelop and hold properties targeting the student and affordable housing market, with the goal to purchase enough critical mass to uplift the entire area, thereby growing the capital value of the properties in the area.
The Corporation can also confirm the acquisition of CEH's first investment of approximately $150,000, which is expected to yield a 20-per-cent return when fully occupied. Funding is sourced organically through existing cash reserves and local lenders. Canaf plans to develop further opportunities using similar sources of capital.
About Canaf Investments Inc.
Canaf is a public company listed on the TSX Venture Exchange. Canaf's registered office is in Vancouver, B.C., Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African-based company that owns 70 per cent of Southern Coal.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
General
2019-04-15 12:50 | 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
General
2019-04-13 13:40 | 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.
General
2019-04-12 11:30 | 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.
General
2019-04-12 09:36 | 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
General
2019-04-11 12:07 | Report Abuse
Spectra Inc. Reports Redemption of Preferred Shares
For Immediate Release – April 11, 2019
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports redemption of 100
Preferred Shares on March 31, 2019
Due to the strong results in 2018 and solid cash position at the end of the first quarter of
2019, the Corporation was able to redeem 100 Preferred Shares for $100,000 on March
31, 2019. This was three months ahead of the required redemption date of June 30,
2019.
With the 400 shares redeemed previously in 2017 and 2018 for $400,000, we will have
now redeemed $500,000 of the original balance of $750,000, leaving a remaining 250
shares with a value of $250,000 still outstanding. 125 of these shares are due for
redemption on December 31, 2019 and the final balance of 125 shares is due for
redemption on June 30, 2020.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke
indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Spectra Products Inc. distributes Zafety Lug LockÒ, a lug nut retainer that uses the
resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the
risk of wheel damage or wheel loss and Hub Alert™, an innovative heat sensing label that
provides an alert for overheating wheel ends, reducing the risk of bearing failure and
corresponding maintenance and repair costs.
Except for the historical information contained herein, this news release contains forward
looking statements that involve risks and uncertainties, including the impact of
competitive products and pricing and general economic conditions as they affect the
Corporation’s customers. Actual results and developments may therefore differ
materially from those described in this release.
On behalf of the Board of Directors,
Glen Campbell, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca
____________________________________________________
General
2019-04-11 12:00 | Report Abuse
Spectra Inc. (SSA.V) Nine Month Results. All Information Available On SEDAR
Ticker Symbol: SSA.V
Current Price: $0.03
Common Shares: 60,509,971
Insider Holdings: 8.61% - All held by CEO
Institutional Holdings: 30% (Dynamic Venture Opportunities Fund)
Spectra Inc. has recorded 16 straight quarters of profits, with revenue increasing year over year
Most Recent Financial Statements (September 2018)
*Note* - Year End Will be out in March 2019, followed by Q1 2019 results in April
ASSETS
Cash: $353,454
Accounts Receivable: $291,734
Inventories: $196,269
Prepaid Expenses: 4,737
Total Assets: $846,194
LIABILITIES
Accounts Payable : $214,884
Royalty Debenture: $639,940
Preferred Shares: $450,468
Total Liabilities: $1,305,292
9 Month Sales
Revenue: $1,601,377
Cost Of Sales: $672,497
Gross Profit: $928,880
Total G&A Expenses: $541,944
Net Income: $386,936 or $0.0064 cents per share. Fair value at 10 times earnings is 6 cents
Management Discussion Highlights
The Company continues to focus its efforts on expanding the present market for its products while
introducing those products into new markets as well as seeking out new products to complement our
current wheel end safety offerings.
The Company’s Signature Brake Safe® product is well established in the Canadian market and is gaining
sales momentum in the lucrative American market. The Commercial Vehicle Safety Alliance [CVSA] is a
nonprofit association comprised of local, state, provincial, territorial and federal commercial motor vehicle
safety officials and industry representatives. The CVSA holds brake-focused enforcement events
throughout the year to identify and remove commercial vehicles with dangerous brake issues from the
roadways. Brakes out of adjustment continue to be the number ONE out service violation in North America
as evidenced this year during International Roadcheck and Operation Air Brake.
A program has been developed to educate companies of these enforcement changes and the resulting
increased intervention by regulatory agencies in order to capitalize on sales opportunities for Brake Safe.
The Company’s Termin-8R® product continues to receive strong industry acceptance with a corresponding
growth in sales to the transportation segment. The private label arrangement made for a leading supplier to
the commercial transport industry is proving to be an excellent performer.
The Company will continue to form strategic distribution alliances in the United Sates to accelerate its
wheel end safety product sales outside the Canadian marketplace.
The Company may seek sufficient additional funds to provide working capital, inventory and capital
equipment as needs arise, but at the moment, cash flow from operations is sufficient to support current
needs
The Company’s authorized share capital consists of an unlimited number of common shares; an unlimited
amount of first, second, third and fourth preferred shares and 540,000 second preferred shares, Series 1.
As at September 30, 2018, there were 60,509,971 outstanding common shares. As at September 30, 2018,
the following is a description of the outstanding equity securities and convertible securities previously
issued by the Company
During the nine months ended September 30, 2018, the Company earned $423,643 in operating activities
compared to earning $215,721 from operations during the same period in 2017. In 2018 non-cash items
contributed $29,950 for the period compared to $15,035 for the nine months ended September 30, 2017.
The Company made preference share redemptions of $125,000 in the nine months ended September 30,
2018, compared to making loan repayments of $150,000 in the nine months ended September 30, 2017.
These resulted in a net increase in cash resources of $298,643 and a cash resources balance at the end of the
period of $353,454. During the equivalent period in 2017, the Company showed a net increase in cash
resources of $65,721 and a cash resources balance of $145,467 at the end of the period.
Revenue:
Three months ended September 30, 2018
Revenue for the three months ended September 30, 2018 increased by 29 percent to $559,181 compared to
revenue of $432,186 for the three-month period ended September 30, 2017. The increase in revenue is
attributable to increases in sales of Termin-8r® from $138,882 to $163,013; Brake Safe® from $193,172 to
$264,152; Brake Inspector® from $2,244 to $6,899; Hub Alert® from $5,248 to $6,700 and sundry income
from $29,244 to $60,228 offset by decreases in sales of Zafety Lug Lock® from $63,035 to $57,920 and
Arrow Logger® from $361 to $269.
Nine months ended September 30, 2018
Revenue for the nine months ended September 30, 2018 increased by 20 percent to $1,601,377 compared to
revenue of $1,332,592 for the nine-month period ended September 30, 2017. The increase in revenue is
attributable to increases in sales of Termin-8r® from $424,223 to $450,460; Brake Safe® from $583,4
General
2019-04-11 10:40 | Report Abuse
New CAR Articles: UN Embargo Lifting Criteria, Integration Of Rebels, & New Mining Job
UN Embargo Lifting Details: https://reliefweb.int/report/central-african-republic/security-council-announces-benchmarks-guide-decision-potential
Un Tells CAR To Integrate Rebels: https://www.france24.com/en/20190409-un-tells-c-africa-reintegrate-rebels
New Mining Application For Work In CAR: https://www.worldwide-rs.com/job/open-pit-mine-electrical-coordinator-jobid-j20102
General
2019-04-10 08:22 | Report Abuse
Axmin appoints Jiang as CEO of Somio, Aurafrique
2019-04-10 05:55 MT - News Release
Ms. Lucy Yan reports
AXMIN INC ANNOUNCES NEW SENIOR MANAGEMENT APPOINTMENTS
Axmin Inc. has appointed Lifei Jiang as chief executive officer of Somio Toungou SA and chief executive officer of Aurafrique SARL in Central African Republic and Jean Qian as board secretary and chief executive officer assistant of Axmin.
Mr. Lifei Jiang benefits form over fifteen years of senior operational experience in Africa in the investment, construction and mining industries. He has served as project manager, vice general manager and general manager for the Chinese states owned enterprises China Geo-Engineering Corporation (CGC) and CGCOC Group Company Limited in several African countries where he was directly responsible for project management, bidding, financial controls, team building, and market development.
Mr. Jiang is extremely familiar with local traditions and cultures, different applicable mining laws and effective operational procedures for delivering mining operations in Africa. For AXMIN, Mr. Jiang will be managing the in-country operations of the Company.
Mr. Qian benefits from experience in senior administration of Chinese companies working with international counterparties to manage projects within and outside of China. He has been responsible for coordination and international communication in large events, as well as corporate news releases and translations.
AXMIN's Chairman and CEO Lucy Yan sated:
AXMIN is very pleased to appoint Mr. Jiang and Mr. Qian to assist the company with our in-country operations and international co-ordination. We believe these key staff additions will assist the Company as we fully restart our operations in the Central African Republic in the near future. We are very excited to see the improving security developments in the region around our mining asset and will provide a further update in this regard.
About AXMIN
AXMIN is a Canadian exploration and development company with a strong focus on the African continent. AXMIN continues to closely monitor the security situation at its Passendro Gold Project in the Central African Republic. 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.
© 2019 Canjex Publishing Ltd. All rights reserved.
General
2019-04-09 13:34 | Report Abuse
Security Council Announces Benchmarks to Guide Decision on Potential Lifting of Arms Embargo against Central African Republic
9 APRIL 2019
https://www.un.org/press/en/2019/sc13769.doc.htm
Presidential Statement Expresses Readiness to Review Ban, Sets Terms for Removal
The Security Council expressed today its readiness to review the arms embargo it imposed on the Central African Republic, announcing a set of benchmarks to guide its decision as to whether it will suspend or progressively lift that restriction later this year.
Issuing presidential statement S/PRST/2019/3, Christoph Heusgen (Germany), President for April, recalled the Council’s intention to establish, by 30 April, “clear and well‑identified key benchmarks” to measure progress in reforming the security sector, on advancing the disarmament, demobilization, reintegration and rehabilitation process, and on managing weapons and ammunition.
More specifically, the benchmarks would require the Government of the Central African Republic to implement the National Programme for Disarmament, Demobilization, Reintegration and Repatriation, in particular the socioeconomic reintegration of former members of armed groups and the integration of vetted former members into all uniformed services; and to draft a planning document detailing its needs in terms of weapons and facilities for the storage of ammunition.
Other benchmarks would require the Government to finalize a protocol on the registration and management of armaments intended for the national defence and security forces, covering small arms, light weapons and ammunition; to operationalize a national commission to combat the proliferation of small arms and light weapons; and to establish a protocol on the collection and destruction — or transfer to the armed forces and internal security forces — of unregistered or illicitly held weapons and ammunition seized by the authorities.
The presidential statement reiterated the Council’s request that the Secretary-General conduct an assessment, no later than 31 July, of progress made on the benchmarks, in close consultation with the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA), United Nations Mine Action Service and the Panel of Experts on the Central African Republic. The Council further recalled its intention to review, by 30 September, the arms embargo in light of that assessment.
It also reiterated the Council’s request that the Central African Republic authorities report to the Committee established pursuant to resolution 2127 (2013), by 30 June, on progress relating to security sector reform; on the disarmament, demobilization, reintegration and rehabilitation process; and on the management of weapons and ammunition. Meanwhile, the Council acknowledged the urgent need of the Central African Republic authorities to train and equip their national defence and security forces.
The Council welcomed the consensus reached by the signatories to the Political Agreement for Peace and Reconciliation, signed in Bangui on 6 February between the Government of the Central African Republic and 14 non-State armed groups. It welcomed also the engagement of the African Union, Economic Community of Central African States (ECCAS) and the United Nations. Urging stakeholders to implement the peace agreement “in good faith and without delay”, the Council called upon neighbouring countries, regional organizations and all international partners to support its implementation and coordinate their actions with the aim of bringing lasting peace and stability to the country.
General
2019-04-09 09:33 | Report Abuse
KFG April 2019 Company Presentation: http://kfgresources.com/wp-content/uploads/2019/04/KFG-Resources-Ltd.-April-2019-Company-Presentation.pdf
General
2019-04-03 10:00 | Report Abuse
CAR President Promotes Diamond Leases & New Bangui Electric Project Funded By A Chinese Company
Although these articles are not pertaining to AXM, they are both very positive and show that the country is open for business. Getting support from Chinese companies reflects good on other ones in CAR like Axmin which are majority owned and controlled by Chinese investors/directors.
March 21st 2019 - China Electric Project In Bangui - http://en.ceec.net.cn/art/2019/3/21/art_138_1858149.html
April 2nd 2019 - CAR Invites DeBeers & Alrosa To Mine Diamonds - https://www.diamonds.net/news/NewsItem.aspx?ArticleID=63546
General
2019-03-31 21:25 | Report Abuse
AXM Technical Analysis - Bullish Buy Signal
http://www.stockta.com/cgi-bin/analysis.pl?symb=AXM.C&cobrand=&mode=stock
Symbol Last Trade Date Change Open High Low Volume
AXM.C 0.49 Mar-29-2019 0.01 0.5 0.51 0.475 117,208
Note: Canadian symbols now end in .c i.e SYMB.C
Analysis Overall Short Intermediate Long
Bullish (0.36) Neutral (0.12) Very Bullish (0.50) Bullish (0.46)
Support/Resistance
Type Value Conf.
resist. 0.64 2
resist. 0.54 4
supp 0.48 11
supp 0.40 3
supp 0.34 2
supp 0.27 32
supp 0.24 2
supp 0.22 8
supp 0.16 4
Chart Indicators
Ind. short Inter Long
EMA Bu VBu VBu
MACD N VBu VBu
RSI Bu
TDD Bu
Fibs Be VBu VBu
Highs Be N Be
Lows VBu N N
Trends N N N
Stoch. Bu
VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish
Printer friendly charts
Date=Mar-29-2019 Open=0.5 High=0.51 Low=0.475 Close=0.49 Volume=117208
image: http://www.stockta.com/cgi-bin/candle.pl?cobrand=&symb=AXM.C&size=analysis&support=0.16,4,0.22,8,0.24,2,0.27,32,0.34,2,0.40,3,0.48,11,0.54,4,0.64,2&trend=
Recent CandleStick Analysis
Bullish
Date Candle
Mar-28-2019 Inverted Hammer
Mar-27-2019 Bearish Harami
Mar-26-2019 Homing Pigeon
Open Gaps
Direction Date range
up Feb-25-2019 0.4 to 0.48
up Feb-13-2019 0.255 to 0.26
down Mar-28-2019 0.49 to 0.48
Read more at http://www.stockta.com/cgi-bin/analysis.pl?symb=AXM.C&cobrand=&mode=stock#0uYjQeeLx1uMW9FR.99
General
2019-03-31 19:27 | Report Abuse
A Conversation with Central African Republic President Touadéra
https://www.usip.org/events/conversation-central-african-republic-president-touadera
A Conversation with Central African Republic President Touadéra
Prospects for Peace in the Central African Republic
The Central African Republic (CAR) has recently taken a significant step toward peace after years of violence and instability. In February, negotiations convened under the auspices of the African Union led to a peace agreement between the CAR government and leaders of armed groups. Now President Faustin-Archange Touadéra must lead the implementation of the agreement to resolve the many complex issues that have driven violence in the country. Join the U.S. Institute of Peace on April 9 to hear President Touadéra discuss his priorities and vision for building peace in CAR.
Since gaining independence from France in 1960, CAR has experienced chronic instability and outbreaks of violent conflict. The most recent crisis began in late 2012 when a coalition of armed groups banded together to seize control of the country, ushering in an unprecedented level of violence that culminated in a bloody coup d'état. While a transitional government was able to hold the country’s first peaceful, democratic election in 2016, ongoing violence and instability threaten to erode this progress. In 2018, intensifying clashes and deepening divisions led to a record 1.1 million people displaced by the conflict and made CAR one of the deadliest countries in the world for aid workers.
The CAR government, in partnership with the international community, is working to address the longstanding grievances driving the conflict and the profound insecurity affecting many of the country’s citizens. Early this year, the African Union led peace negotiations between the government and armed groups in Khartoum, Sudan, the eighth attempt at a peace deal. With support from a wide range of stakeholders, the dialogue produced a new peace deal outlining steps to reduce conflict and build peace.
Take part in the conversation on Twitter with #TouaderaUSIP.
Panelists
His Excellency Faustin-Archange Touadéra
President, Central African Republic
Nancy Lindborg, moderator
President, U.S. Institute of Peace
Ambassador Lucy Tamlyn, opening remarks
U.S. Ambassador, Central African Republic
General
2019-03-27 14:33 | Report Abuse
Farmers, herders find common ground in Central African Republic
https://www.malaymail.com/news/life/2019/03/27/farmers-herders-find-common-ground-in-central-african-republic/1736918
BAMBARI (Central African Republic), March 27 — At the market in Awatche in the middle of the Central African Republic, fresh sides of beef hang in the sun, tempting village folk after a rare agreement in an age-old dispute.
“Since November 2018, the Fulani have come back to us here,” says Felicien Katiako, chief of the nearby village of Govobanda.
The cattle breeders, who maintain a semi-nomadic lifestyle, had fled their village homes in the region in 2014 for fear of attack by farming communities as violence swept across the country.
While the mistrust that divides settled farmers from migrating folk is a potential source of bloodshed in much of Africa, people of the Awatche region have forged peace.
“We eat beef each week with the Fulani and they can have some cassava,” said Gervais Koyobogui, a chief of the villages along the road linking Bambari, the main town of the region, with Kouango.
Clashes between rival communities remain frequent in the CAR, frequently triggered by cattle rustling or the trampling of crops in the fields.
In Awatche, one steer is worth 500,000 francs (about RM3,506), a fortune for poor country people in one of the world’s least developed nations.
Armed groups are greedy for livestock when cattle represent such a substantial financial gain.
‘Bloody reprisals’
Killings arising from the seasonal migration of herds spiked after a 2013 coup by a mainly Muslim rebel alliance, the Seleka.
The group’s forces from the north were driven out of the southern capital Bangui in about 10 months, but by then the “anti-Balaka (machete)” fighters had emerged to fight the Seleka in various parts of the CAR.
Some of the Fulani took up arms to carry out brutal reprisals over cattle-rustling and “taxes” imposed by the anti-Balaka and by armed groups that formed when the Seleka was officially dissolved.
“The presence of young (Fulani) in ex-Seleka ranks... led to confusion and provoked a cycle of bloody reprisals,” researchers Florent Ankogui-Mpoko and Thierry Vircoulon wrote in a March 2018 report on livestock migration in the country.
The village of Awatche was attacked three times in 2014 and 2015 by rebel forces who originated with the Seleka.
For fear of reprisals by the ethnic Banda farmers, Fulani families from the villages took refuge on territory controlled by ex-Seleka forces, but they did not find the security they hoped for.
“I came back to Awatche three months ago, because out there we suffered too much. I lost a lot of my family and cattle as well,” Mohammad told AFP.
With watchful eyes framed by his turban, he said he lost 280 animals, either stolen or taken by armed groups claiming their tax.
“Every month the Seleka took two or three head of cattle from me,” said Joden, another herder who came back to the village four months ago.
Men like them are returning gradually, encouraged by family initiatives and mediation sessions organised by the authorities.
Mediation, compensation
“We protect the village against thieves, the anti-Balaka and the UPC (Union for Peace in the Central African Republic),” said Simplice, a lanky member of Awatche’s self-defence group.
The village has sorted out a way to settle disputes arising from the destruction of fields by cattle.
“We bring the two sides together in the field, we make a survey, and now we go to the chief to find out how much compensation should be paid,” said mediator Philippe.
The conflict “made the village so very weak,” he said, adding: “It’s only with peace that development will come.”
Problems caused by migratory grazing and cattle thefts remain the norm in most of the rest of the CAR, where the peaceable balance struck in these villages has not taken hold.
In January, more than 13 people were killed at Zaoro Sangou in the west by Fulanis seeking revenge for the murder of stock-breeders a few days earlier.
The bloodshed provoked further reprisals against Muslims in nearby Carnot, who were assaulted, had their shops pillaged and saw a mosque razed to the ground. — AFP
General
2019-03-27 12:54 | Report Abuse
Canaf Investments Inc. Q1 2019 Results. Financials + MD&A
Ending January 31st 2019. All information can be found at www.sedar.com
TSXV Symbol: CAF - OCTBB Symbol: CAFZF
Price: $0.09
Common Shares: 47,426,195
Insider Holdings: 12,304,085 or 26% - Majority Owned By CEO & Family
Warrants/Options: 0
Financials (All In US Dollars)
ASSETS (Jan 31 2019)
Cash: $591,414
Trade Receivables: $1,521,001
Sales Tax Receivable: $463
Inventories: $622,443
Prepaid Expenses: $22,965
Property & Equipment: $870,984
Interest Bearing Borrowings: $1,287,458
Intangible: $1
Total Assets: $4,916,729
LIABILITIES
Trade Payables: $745,700
Sales Tax Payable: $37,844
Income Tax Payable: $84,206
Total Liabilities: $867,750
Asset/Debt Ratio: 5.67:1
Q1 2019 Performance
Sales: $2,419,633
Gross Profit: $329,519
Net Income: $187,367
Foreign Currency Gain: $401,214
Total Net Income For Q1: $588,581
2017 Net Income(after currency exchange & taxes): $439,664 USD
2018 Net Income(after currency exchange & taxes): $298,144 USD
2019 Q1 Net Income (after currency exchange & taxes): $588,581 USD
Total Net Income Added In 11 Quarters: $1,326,389 or $1,750,833 based on 1.32 exchange
MD&A Highlights
Whilst the Corporation reports another profitable and financially positive quarter, the board can confirm that it is actively looking for new opportunities that will offer long-term growth potential and stability of sales for shareholders, be it related to its existing anthracite calcining operation in South Africa or another new, and unrelated, sector.
With zero long-term debt, a strong balance sheet, and a cash flow positive business in South Africa, the Corporation believes it is in a good position to do so.
Sales for the first quarter of 2019 were low compared to the previous quarter in 2018 at $2,419,633 (2018: $3,273,213), a 26% decline, however gross profits grew to $329,519, compared with $248,562 in the same quarter in 2018, a 33% increase. Net income for the quarter remained static at $187,367 (2018: $187,126), but increased from $108,996 the previous quarter. Despite sales reducing during the quarter, gross profit margin increased due to discounted feed material being purchased during the period as well as savings made through acquisition of machinery, which subsequently reduced rental costs for the Corporation. The Corporation expects profit margins to reduce next quarter, and remain squeezed throughout the rest of the year, as Southern Coal continues to manage increased input costs.
The Corporation expects revenues to be reduced in comparison to the year ended October 31, 2018, mostly due to global pressure on the steel and manganese markets, which subsequently filters back to demand for Southern Coal’s product. During Q1 2019, the Corporation is pleased to confirm that a trial load of its calcined product was delivered to a new potential, and significant, customer. The Corporation hopes to finalise a second trial during Q2 and Q3, and should this convert to an ongoing supply, the Corporation feels that there is potential to return to the revenue levels of the year ended October 31, 2018.
During Q1 2019, Southern Coal made its final payment for the 14 million Rand loan from ABSA bank, which was drawn down in February 2015. Repayment of this loan now releases Southern Coal from monthly installments of approximately 392,000 Rand (approx. C$37,000 or US$28,000). As of January 2019, the Corporation has zero long-term liabilities.
As part of Southern Coal’s B-BBEE transformation program, Amandla Amakhulu (Pty) Ltd, (“AAM”), a 100% black, privately owned, and ringfenced, company incorporated in South Africa, acquired 30% of the issued shares of Southern Coal, from Canaf’s wholly owned subsidiary, Quantum, for the value of 18 million Rand. The financial effective date for the transaction is 01 August 2018.
Quantum in return received cumulative, redeemable preference shares in AAM in the amount of the purchase price. These preference shares shall provide preferential dividends, until redeemed by AAM. These dividends will be secured by an irrevocable direction from AAM to Southern Coal to pay Quantum such dividends from any distribution to AAM. Dividends were declared during the first quarter of $135,441.52
Expenses for the quarter were $119,276 (2018: $167,892) a reduction of $48,616, 41%, although not separately reported in Q1 of 2018 there are a significant amount of increased costs in relation to BBEEE compared to Q1 ofthis financial year.
General
2019-03-26 21:28 | Report Abuse
Canaf Investments earns $187,367 (U.S.) in Q1
2019-03-26 09:53 MT - News Release
An anonymous director reports
CANAF ANNOUNCES FINANCIAL RESULTS FOR Q1 2019
Canaf Investments Inc. has released results of its financial statements, and management discussion and analysis for the three-month period ended Jan. 31, 2019.
Revenue for the quarter was recorded at $2,419,633 (U.S.) with a net income of $187,367 (U.S.) or $249,521 (Canadian) (2018 -- $187,126 (U.S.)) and an adjusted earnings before interest, taxes, depreciation and amortization of $319,241 (U.S.) (2018: $176,680 (U.S.)).
The corporation expects sales to remain as similar levels throughout the rest of the year, whilst it continues to explore opportunities to invest in new projects.
For more details and discussion on the results, the financial statements and management discussion and analysis can be viewed on SEDAR or the company's website.
About Canaf Investments Inc.
Canaf is a public company listed on the TSX Venture Exchange. Canaf's head office is in Vancouver, Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing, a South African-based company that owns 70 per cent of Southern Coal.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
General
2019-03-25 16:56 | Report Abuse
Three rebel chiefs named 'advisers' to Central African government
https://www.dailymail.co.uk/wires/afp/article-6848763/Three-rebel-chiefs-named-advisers-Central-African-government.html
By AFP
PUBLISHED: 14:32 EDT, 25 March 2019 | UPDATED: 14:32 EDT, 25 March 2019
Three top rebel chiefs have been named "special military advisers" to the Central African Republic government, the presidency said Monday as the volatile country sought to honour a February peace deal.
The three will be charged with setting up special joint units under the peace accord reached in the Sudanese capital Khartoum, the eighth since mainly Muslim rebels overthrew president Francois Bozize, a Christian, in 2013.
The accord, signed in Bangui on February 6, brought together President Faustin-Archange Touadera and the leaders of 14 armed groups who control some 80 percent of the country's territory.
The three rebel chiefs were named as Ali Darassa, head of Unity for Peace in Central Africa (UPC), Mahamat Alkatim, head of the Patriotic Movement for Central Africa (MPC), and Bi Sidi Souleymane, head of the 3R group (Return, Reclamation, Reconciliation).
They will help assure security alongside the national army.
Other rebel officials were also given roles including Adama Chaibou of the MPC, tasked with relations with the Arab world.
The announcement in early March of a new government in Bangui after the Khartoum accord sparked a wave of protest by armed groups demanding more ministerial positions.
The African Union set up a follow-up meeting to shore up the peace deal that resulted in a new agreement to form an inclusive government.
General
2019-03-23 13:24 | Report Abuse
Hillcrest produces 150 bpd of oil at West Hazel
2019-03-21 11:06 MT - News Release
Mr. Donald Currie reports
HILLCREST OIL PRODUCTION CLIMBS
Hillcrest Petroleum Ltd.'s upgraded West Hazel production facility is in operation, as previously announced, and production started from two wells on Jan. 13, 2019, and Jan. 15, 2019, respectively. Initial fluid production rates from both wells were as expected. Production from a third well was brought on-line in early March when weather conditions softened after an extreme record-breaking cold snap.
Production over the last five days from the three wells has averaged 150 barrels per day which meets the lower production estimates the company published in its previous releases, although those estimates considered production from all four wells. Hillcrest is encouraged by the early results, which are meeting or exceeding previous estimates. The company is focused on efforts to maximize the production from the current wells and is further upgrading the potential of the injector well, which in turn, if successful, could result in higher production numbers from the current three wells. A normalized sustained production rate is expected to take another three weeks to four weeks and will be released when achieved.
Hillcrest will move to work on and start production from the fourth well once current efforts have been completed, results reviewed and a rig is available.
As previously announced, under the terms of its joint venture agreement on the West Hazel property, the company will provide 100 per cent of reactivation costs to return the field to production to earn a 75-per-cent working interest, reverting to 50 per cent after recovery of reactivation costs.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
General
2019-03-23 13:15 | Report Abuse
New CAR Cabinet & UPC Congratulate Government
Note: UPC are the main rebel group around Ndassima/Bambari where Axmin operates
https://www.reuters.com/article/us-centralafrica-peace/central-african-republic-opens-cabinet-to-more-armed-groups-to-bolster-peace-idUSKCN1R32IR
WORLD NEWSMARCH 22, 2019 / 1:45 PM / UPDATED 21 HOURS AGO
Central African Republic opens cabinet to more armed groups to bolster peace
Crispin Dembassa-Kette
3 MIN READ
BANGUI (Reuters) - Central African Republic has included more rebel officials in an expanded cabinet, the president announced on Friday, in a bid to shore up peace efforts after several armed groups said they were not sufficiently represented following a deal last month.
Central African Republic reached an agreement with 14 armed groups in February, aimed at bringing stability to a country rocked by violence since 2013 when mainly Muslim Selaka rebels ousted the then President Francois Bozize, prompting reprisals from mostly Christian militia.
The diamond and gold-producing country has been ravaged by years of conflict that had shown little sign of abating until now.
President Faustin-Archange Touadera announced on Friday a new cabinet list of 39 members, in which all 14 armed groups were represented. Only 10 groups were represented in the previously announced list, which had 34 members.
The peace deal, signed in Sudan’s capital Khartoum, faced its first major setback a month after it was ratified, when several armed groups withdrew representatives from the new cabinet and demanded a more inclusive reshuffle.
The president’s announcement came two days after reconciliation talks arranged by the African Union in Ethiopia’s capital Addis Ababa.
The 14 rebel groups had said last week that they had not been sufficiently consulted over the original cabinet list.
In the new line-up, the major Selaka groups FPRC and UPC have three and two representatives, respectively.
“The UPC congratulates itself and congratulates Prime Minister Firmin Ngrebada for forming a government that now respects the Khartoum accord. We call on all ministers to get to work without delay to bring peace back to this country,” UPC political coordinator Hassan Bouba told Reuters via telephone.
Christian anti-balaka militia did not immediately respond to a request for comment.
Thousands of people have died because of the unrest and a fifth of the country’s 4.5 million population have fled their homes. The United Nations deployed a peacekeeping mission in 2014.
But prospects for a lasting peace remain uncertain, as agreements in 2014, 2015 and 2017 all broke down.
General
2019-03-20 17:49 | Report Abuse
CENTRAL AFRICAN REPUBLIC REACHES DEAL ON NEW GOVT: AFRICAN UNION
https://www.justiceinfo.net/en/live-feed/40657-central-african-republic-reaches-deal-on-new-govt-african-union.html?fbclid=IwAR3wDgUPXgSHTdyruU2SSCXEDLlQLMKiJzoz9W24OcMcf9e9vtZlgCJUev4
The government of the Central African Republic and armed groups that had joined it in a peace deal have reached an agreement to form an "inclusive government," the African Union said Wednesday.
"The Central African authorities and the 14 armed groups (that) signed the peace accord negotiated in early February in Khartoum agreed to an 'inclusive government' in Addis Ababa," the AU said.
The deal is the eighth attempt to bring peace to the conflict-wracked, impoverished state since 2012.
Signed in the CAR capital Bangui on February 6 after negotiations in Sudan, it brings together the CAR government and 14 armed groups who control most of the country.
The agreement called for a series of confidence-building measures, such as establishing joint patrols and the creation of a truth and justice commission within 90 days.
General
2019-03-17 13:27 | Report Abuse
Bogdanov Discusses Moscow's Assistance In CAR's Development In Bangui - Foreign Ministry
https://www.urdupoint.com/en/world/bogdanov-discusses-moscows-assistance-in-car-572588.html
Faizan Hashmi 3 hours ago Sun 17th March 2019 | 05:20 PM
MOSCOW (UrduPoint News / Sputnik - 17th March, 2019) Russian Deputy Foreign Minister Mikhail Bogdanov has visited the Central African Republic (CAR) to discuss bilateral cooperation and Russia's assistance in boosting the republic's security and development with the country's leadership, the Foreign Ministry said on Sunday.
During his visit to CAR's capital of Bangui on Saturday, Bogdanov held meetings with President Faustin-Archange Touadera and the country's top diplomat, Samuel Rangba.
"A substantial discussion of topical issues related to the Russian-Central African relations and the prospects of further expansion of mutually beneficial cooperation, including Bangui's interest in Russia's assistance in CAR's socioeconomic development, the training of national personnel, enhancement of security and stability in this friendly African country, has taken place," the ministry said in a statement, published on its official website.
The Russian deputy foreign minister also reiterated Moscow's readiness to help promote the implementation of the 2018 Khartoum Declaration on the establishment of peace and security in the Central African Republic and the peace deal that was signed between the car government and armed formations in early February to end the armed conflict in the country.
In recent years, CAR has been struggling with the conflict between the Muslim-majority armed group Seleka and primarily Christian Anti-balaka militia. In August 2018, the armed groups signed a declaration of understanding as a result of Russia-brokered talks in the Sudanese capital, which was followed by a peace deal between the government and over a dozen armed formations, inked on February 6.
General
2019-03-16 11:25 | Report Abuse
Monday Talks On CAR Peace Process To Tackle Formation Of Gov't, Security - AU Commissioner
https://www.urdupoint.com/en/world/monday-talks-on-car-peace-process-to-tackle-f-572064.html
MOSCOW (UrduPoint News / Sputnik - 16th March, 2019) The upcoming consultation meeting on the peace process in the Central African Republic (CAR) will address outstanding concerns about government formation and security arrangements, Smail Chergui, the African Union (AU)'s peace and security commissioner, told Sputnik on Saturday.
The AU-organized meeting will be held in the Ethiopian capital of Addis Ababa on Monday. It is expected to follow up on the progress that has been made since the car government and 14 armed groups signed a peace agreement in early February.
"As you know, some movements raised the issue of the formation of the government ... This meeting really is to get stock, one month after we sign the agreement, of where we are and also address these issues and also take additional measures in implementing other articles, mainly those relating to the security arrangements in terms of deploying the security unit on the ground, and so on," Chergui said.
The commissioner added that the implementation of this agreement on CAR peace settlement appeared to be more successful than of the previous agreements.
"I think it's more or less ... positive way that we are dealing with the matter this time compared to the former agreements," Chergui said.
He added that the meeting would last for as long as necessary.
"Whatever is needed. We are starting on Monday, March 18, and [the meeting will] certainly [continue on] Tuesday, March 19, and hopefully we can address all the matters," Chergui said.
The Central African Republic has been suffering from a drawn-out conflict since a coup in 2013. Much of the fighting in recent years has been between Muslim-majority Seleka and Christian Anti-Balaka militias.
General
2019-03-14 11:57 | Report Abuse
Refugee's Return To Ndassima (Where AXM Has It's Gold Deposit) - Area Secured & Rebels Removed?
https://africandailyvoice.com/2019/03/14/centrafrique-retour-deplaces-observe-dans-plusieurs-villes-accord-paix-khartoum/
Central African Republic: Return of displaced people observed in several cities after Khartoum peace agreement
Bangui, Central African Republic, (ADV) - Several IDPs and refugees have been returning to their respective areas since February, following the lull after the peace agreement signed between the government and the country's armed groups.
Just one month after the signing of the peace agreement between the government and the 14 armed groups in the country, the security situation is gradually improving in the interior, favoring the return of displaced persons and refugees to their respective areas. . This return was recorded by the Office for the Coordination of Humanitarian Affairs in Central Africa (OCHA).
In the north of Paoua, more than 23,000 spontaneous returnees and 26,700 returnees were identified from 21 February to 7 March 2019, ie 4,351 households of 23,394 spontaneous returnees and 4,846 households of 26,713 returned to their respective villages. "This return is helped by the lull in the security situation. Humanitarian actors are mobilized for assistance to returnees and returnees, "reports OCHA's humanitarian bulletin.
These data are confirmed after the organization of 4 missions to monitor population movements in several villages in northern Paoua by UNHCR and humanitarian partners.
A little in the center of the country in Ndassima about 60 km north of the Bambari, 13,450 people returned to the Ndassima-Bambari axis, including 310 people in Ndassima 1,250 people in Ndassima 2, and 7,000 people or 430 households in Krandja and Djoubissi.
On the Bria IDP site, at least 2,060 people have returned to the 50,897 sites at 5 sites, a 3.88% reduction compared to February 2019 compared to December 2018. This return is also due to the lull observed in recent weeks in the region, according to humanitarian actors.
In the western zone, notably in Boukolo, 45 km from Berberati on the Gamboula road, the population welcomes daily the return of Fulani refugees to Cameroon. The presence of a hundred breeders in these regions testifies to the cohabitation between the communities.
These returns are also observed in Bakouma and Alindao, two cities that were affected by the violence towards the end of 2018. The return allowed the reopening of 70% of the schools. Of the 46 schools, 32 are operational and 30% or 9 schools are currently occupied by armed groups.
Although aid workers have observed the return to several cities, the management of transhumance remains a source of tension in Bocaranga and Ngaoundaye in the north of the country. At least 896 hectares of fields have been devastated by livestock in these areas. "1,200 households lost their fields because of transhumance, given that 73% of these households have only their fields as their source of income, while 27% of these households have spontaneous returns," commented one humanitarian actor.
The lull observed in recent weeks after the signing of the peace agreement between the government and the armed groups remains fragile, given the challenge of the new government following the Khartoum dialogue by some armed groups who demand more space in this inclusive government.
General
2019-03-07 09:17 | Report Abuse
United States Announces Additional Support to the FACA
https://cf.usembassy.gov/united-states-announces-additional-support-to-the-faca/?sfns=mo
BANGUI – The United States Embassy in Bangui announces the launch of an additional $3.5 million in security assistance training programs for the Central African Armed Forces (FACA). These funds for the Central African Republic (CAR) represent the next phase in the United States’ $12 million in funding to reform and redeploy the FACA.
“This tranche of equipment and training continues our investment in CAR’s security, and demonstrates our commitment to helping build a peaceful and prosperous Central African Republic. This will combine with the efforts of the government of and people of CAR to move forward on a path to peace and prosperity. This comes at a particularly important time as we are all working together to ensure effective implementation of the recently signed Khartoum accords,” Ambassador Lucy Tamlyn commented regarding the news.
The funding will provide comprehensive logistics, operations, and management training to the FACA to help maintain and grow Camp Kassai. It will also train FACA in valuable trade skills, including electrical repair, masonry, welding, plumbing, carpentry, and general mechanics. These skills will enable the FACA to maintain their own facilities, and repair their own equipment.
The UN Security Council Sanctions committee is aware of all U.S. training and equipment in full accordance with the arms embargo. The United States remains committed to abiding by the internationally approved sanctions process.
Since 2015, the United States has provided over $500 million to CAR, including $100 million in humanitarian assistance in 2018-2019 and $65 million in support to the justice, internal security, and military sectors.
The US Embassy in Bangui looks forward to continued close work with our partners in the CAR Government, in particular the Ministry of Defense, to build and strengthen a professional military force capable of responding to CAR’s security challenges.
By U.S. Embassy in Bangui | 5 March, 2019 | Topics: News, Press Releases
General
2019-03-06 18:03 | Report Abuse
Chinese Mining Companies Are Already Working In The Central African Republic
MEETING OF THE MINISTER OF MINES AND GEOLOGY WITH THE ACTORS OF THE MINING SECTOR
(Translated From French To English)
https://mines.gouv.cf/actualite/81/rencontre-du-ministre-des-mines-et-de-la-geologie-avec-les-acteurs-du-secteur-minier
Mon 25/02/2019 - 12:00
The Minister of Mines and Geology met the actors of the mining sector of Bozoum at the hotel of the said city. This meeting brought together the Minister, the members of the cabinet of the Ministry of Mines and Geology, the Honorable Members of the constituencies of Bozoum 1 and 2, the representative of the Chinese Society operating in the area and the artisanal miners.
This meeting gave the opportunity to the President of the Cooperative Minière de Bozoum to present in a brief way the difficulties of the mining artisans, his intervention was completed by his peers and followed by that of the deputies of Bozoum who presented the needs that they experience in the sector and their wish for a better collaboration.
Without passion, all the concerns raised were debated, the minister having brought in his staff, each in his field, to answer the questions that concern him. The Minister concluded the interventions by informing the co-operatives that all their concerns have been taken into account in a set of specifications that the Ministry has signed with the Corporation. Insisting on compliance with the terms of reference by the company, he announced the establishment in the near future of a tripartite monitoring committee (Ministry of Mines, Chinese society and representative of the population). A family photo has closed meeting to the satisfaction of all.
General
2019-03-06 12:44 | Report Abuse
Pope and CAR President satisfied for Framework Agreement between their states
https://www.vaticannews.va/en/africa/news/2019-03/pope-president.print.html
ope Francis on Tuesday afternoon received in private audience, the president of the Central African Republic, Mr. Faustin Archange Touadéra.
By Godfrey Kampamba
During their encounter, the Holy Father and Mr. Touadera focused their discussion on the existing good bilateral relations between the Holy See and the Central African Republic. Apart from looking at issues regarding the current situation in the country, the two leaders also expressed their satisfaction about the ratification of the Framework Agreement between the two states, underscoring the importance of the contribution of the Catholic Church in the construction of the Central African Republic, and acknowledged the role of Catholic institutions in the fields of education and healthcare.
The meeting between the pope and Mr. Touadera came just two days after the inauguration of the Bangui Pediatric Hospital, constructed with the sponsorship of Pope Francis, for which president Touadera expressed his and the gratitude of the people of his country.
Ratification of Framework Agreement between Holy See and CAR
Soon after his meeting with the pope, Mr. Touadera went on to meet with the secretary of State, Cardinal Pietro Parolin, who was accompanied by the Secretary for Relations with States, Archbishop Paul Gallagher. During this occasion, the secretary of State gave President Touadera the Instrument of the Ratification of the Framework Agreement between the Holy See and the Central African Republic. The Framework Agreement was signed on 6 September 2016 in Bangui and concerns matters of mutual interest. A communique from the Vatican later on Tuesday announced the entry into force of the Framework agreement.
Meeting with St. Egidio Community
From the Vatican, the central African Republican president visited the Sant’Egidio Community in Rome, where he was received by the founder, Prof. Andrea Riccardi, and other leaders of the Community.I have come here because this is a house of peace that has come to mean a lot for my country, said president Touadera, underlining the strong links of friendship that have united the Central African Republic and the Sant'Egidio Community, even in the darkest hours of the country.
Touadera also expressed his gratitude for the work of the Sant’Egidio Community in the cure of HIV and AIDS through a programme known as DREAM, and through which a centre has been opened to take care of the sick.
06 March 2019, 13:21
General
2019-03-04 12:05 | Report Abuse
UNODC opens project office in Bangui, Central African Republic
http://www.unodc.org/unodc/en/frontpage/2019/March/unodc-opens-project-office-in-bangui--central-african-republic.html
Bangui, Central African Republic, 4 March 2018 - Following the "Political Agreement for Peace and Reconciliation in the Central African Republic" finalized in Khartoum and signed on 6 February by the Government of the Central African Republic and 14 armed groups, the United Nations Office on Drugs and Crime (UNODC) officially announced the opening of a project office in Bangui.
The announcement was made by the UNODC Regional Representative for West and Central Africa, Pierre Lapaque, during a visit to the Central African Republic from 19 to 22 February. He said that "urgent action is needed to maintain the momentum created by the recently concluded peace agreement" because "we cannot build a State and a nation without effective, transparent and accessible justice for all."
The UNODC office in Bangui opened in June 2018 following the signing of an agreement with the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA). This partnership between UNODC and MINUSCA aims to support the operationalization of the Special Criminal Court (SCC) in the Central African Republic.
The SCC was established by law in 2015 as a national court to judge cases of serious violations of human rights and international humanitarian law committed in the Central African Republic territory since 1 January 2003. In this context, UNODC's mandate is more specifically to assist the SCC in the development of its legal aid and victim and witness protection services.
UNODC provided input to the development of legal and regulatory instruments on both victim and witness protection as well as legal aid that have been successfully adopted. These include the Loi portant Règlement de Procédure et de Preuves (May 2018), the SCC Règlement interieur (October 2018), and the Arrete portant organisation et fonctionnement de l'Organe paritaire chargé de l'admission des candidats au Corps special d'avocats près la Cour penale spéciale (December 2018).
During his visit to the Central African Republic, the UNODC Regional Representative also met with national authorities interested in UNODC'S mandate, including the Prime Minister, and ministers of the Interior, Justice, Mines and Water and Forestry. These exchanges show a strong political will to collaborate with UNODC to combat serious crimes such as corruption, trafficking in natural resources, firearms, money-laundering, among others, that hinder peace, stability and development in the country.
The opening of the project office in the Central African Republic and UNODC's various activities in the country contribute to the development of a Regional Strategy that UNODC aims to implement in Central Africa to better respond to the interconnected challenges posed by transnational organized crime on the African continent.
It also contributes to the achievement of the Sustainable Development Goals, in particular Goal 16 on promoting peace, justice and transparent and effective institutions.
General
2019-03-03 14:00 | Report Abuse
New, inclusive gov't formed in C.A.R
http://www.africanews.com/2019/03/03/new-inclusive-gov-t-formed-in-car//
A new and inclusive government has been formed in the Central African Republic.
The new regime was announced on Sunday with no changes to holders of some ministries, a month after a peace deal was signed between authorities and armed groups.
The Defense, Finance, Justice, Foreign Affairs, Communication, Interior and the Economic Ministries remained unchanged.
Maxime Mokom, leader of the armed anti-balaka group has become Minister for Disarmament, De-mobilization, Re-integration and Repatriation. Souleymane Daouda, Spokesperson for the armed group, Unity for Peace in the Central African Republic is now Minister for Livestock.
Hamza Guismala, right-hand man of Noureddine Adam, leader of the armed group, Popular Front for the Renaissance of the country, is now in charge of the Development of Energy and Hydraulic Resources Ministry.
The Patriotic Movement for the Central African Republic has one of its important members, Adama Chaibou, as Minister for Modernization.
Bertin Béa, Secretary General of Kwa Na Kwa, party of former president François Bozizé, exiled in Uganda, has been appointed Minister for Public Service.
On February 6, an agreement was reached after weeks of negotiations in Khartoum, Sudan. The formation of this new government comes after the appointment of Firmin Ngrebada as Prime Minister.
The Central African Republic is struggling to recover from the conflict it has been entangled since 2013.
So far eight agreements have been signed by warring parties to try to bring the country out of the chaos.
General
2019-03-02 13:07 | Report Abuse
Canaf Investments Inc. 2018 Year End Results. Financials + MD&A
Ending October 31st 2018. All information can be found at www.sedar.com
Q1 2019 result will be released end of March 2019.
TSXV Symbol: CAF - OCTBB Symbol: CAFZF
Price: $0.09
Common Shares: 47,426,195
Insider Holdings: 12,304,085 or 26% - Majority Owned By CEO & Family
Warrants/Options: 0
Website: www.canafgroup.com
Financials (All In US Dollars)
ASSETS
Cash: $552,351
Trade Receivables: $1,240,730
Sales Tax Receivable: $4,559
Inventories: $836,551
Prepaid Expenses: $21,896
Property & Equipment: $868,059
Due From Non-Controlling Interest: $1,250,290
Intangible: $1
Total Assets: $4,774,437 (2017 - $3,315,232)
LIABILITIES
Trade Payables: $1,088,227
Income Tax Payable: $11,958
Bank Loan: $78,412 - Paid Jan 2019 as per the company press release
Total Liabilities: $1,178,597 (2017 - $1,406,594)
Asset/Debt Ratio: 4.05:1
2018 Performance
Sales: $14,673,658
Gross Profit: $1,171,328
Net Income: $298,144
Canaf Investments has added $737,808USD ($959,150CAD @ 1.30 Exchange) in net income over the last 8 quarters, established new business relationships with the acquisition of their BBEEE certificate that took a long time to receive, are diversifying the company as per the MD&A below, yet the price is still where it was two years ago, thus the price/earnings ratio is also very low. It says below in the MD&A that shareholders equity was pegged at $4.6 million CAD, which is today’s current market cap value. Almost all companies on the TSX/TSXV/CSE trade far beyond this value, thus giving Canaf an even bigger discount for no reason. Read all MD&A information below as there are numerous things happening with the company in 2019. There were also one time expenses such as BBEEE and company name change that increased expenses just for 2018.
MD&A Highlights (Management Discussion)
The Corporation reports another strong year of sales and earnings with revenues for the twelve months of $14,673,658 (2017: $10,699,117) a 37.1% increase, and gross profits of $1,171,328 (2017: $1,223,110) a 4.1% decrease. Net income for the year increased 15.1% to $623,884 (2017: $541,808).
An important achievement of the Corporation during the year was the sale of 30% of Quantum’s shares in Southern Coal for 18 million Rand, which enabled, and contributed, to Southern Coal achieving a Level 4 Broad-Based Black Economic Empowerment (“B-BBEE”) rating. Achieving this rating will enable Southern Coal to engage in long-term supply contracts with its customers. The Corporation can confirm that long-term (24 month) contracts with both its existing main customers should be renewed during Q2 and Q3, 2019.
During Q1 2019, the Corporation is pleased to confirm that a trial load of its calcined product was delivered to a new potential and significant customer. Trials will be ongoing into Q2 2019, and should this convert to an ongoing supply, the Corporation feels that there is potential to return to the revenue levels of the year ended October 31, 2018.
The Corporation expects to continue to operate profitably into 2019, however management expects revenues to be significantly reduced in comparison to the year ended October 31, 2018, mostly due to global pressure on the steel and manganese markets, which subsequently filters back to demand for Southern Coal’s product.
While revenues and net income have grown, gross margin suffered as Southern Coal experienced increased costs of production primarily due to increased cost of its anthracite feedstock material. The Corporation expects its gross margins to remain squeezed into next year. In addition to pressure from suppliers, the Corporation carried out major essential maintenance and re-commissioning during the year on one of its old calcining plants.
During Q1 2019, Southern Coal made its final payment for the 14 million Rand loan from ABSA bank, which was drawn down in February 2015. Repayment of this loan now releases Southern Coal from monthly installments of approximately 392,000 Rand (approx. C$37,000 or US$28,000), which the Corporation plans to allocate to future diversification or expansion projects. As of January 2019, the Corporation has zero long-term liabilities.
Whilst the Corporation reports another profitable and financially positive year, the board can confirm that it is actively looking for new opportunities that will offer long-term growth potential for shareholders, be it related to its existing anthracite calcining operation in South Africa or another new, and un-related, sector. With zero long-term debt, a strong balance sheet, and a cash flow positive business in South Africa, the Corporation believes it is in a good position to do so. In the meantime, the Corporation will continue to grow its shareholder’s equity, which as of October 31, 2018, stands at approximately $3.5 million (C$4.6 million).
General
2019-03-02 11:41 | Report Abuse
Russian Instructors Trained Over 2,000 Troops, Law Enforcement Officers In CAR - https://www.urdupoint.com/en/world/russian-instructors-trained-over-2000-troops-562490.html
Support for the peace agreement in the Central African Republic: the World Bank could unlock $100 million - http://www.adiac-congo.com/content/soutien-laccord-de-paix-en-centrafrique-la-banque-mondiale-pourrait-debloquer-cent-millions
The Cameroonian group of transport "Tourist Express" is setting up soon in Central African Republic - https://africandailyvoice.com/2019/03/01/groupe-camerounais-transport-touristique-express-implante-bientot-centrafrique/
CAR Participation in MINING INDABA 2019 FORUM - https://mines.gouv.cf/mission/80/participation-de-la-delegation-du-ministere-des-mines-et-de-la-geologie-de-la-republique
- Additional info on mining forum: https://www.miningindaba.com/ehome/index.php?eventid=283869&
General
2019-02-28 11:51 | Report Abuse
Canaf Investments earns $623,884 (U.S.) in fiscal 2018
2019-02-28 08:24 MT - News Release
Mr. Christopher Way reports
CANAF ANNOUNCES FINANCIAL RESULTS FOR YEAR ENDED 31 OCTOBER 2018
Canaf Investments Inc. has released its financial statements, and management discussion and analysis for the year ended Oct. 31, 2018.
For the year, revenue increased to $14,673,658 (U.S.) from $10,699,117 (U.S.) the previous year, and the corporation recorded a net profit of $623,884 (U.S.) in comparison to $541,808 (U.S.) the previous year. Earnings before interest, taxes, depreciation and amortization for the year was recorded at $1,028,094 (U.S.) or approximately $1.35-million.
Christopher Way, chief executive officer, states: "The annual results reflect another solid performance from the corporation's majority owned subsidiary, Southern Coal. During they year we successfully completed a strategic and important Broad-Based Black Empowerment transaction and we are now a cash-flow-positive business with zero long-term liabilities. The corporation will continue to focus its attention at making efficiencies within its South African business, as well as looking for new markets and diversification opportunities."
For more details and discussion on the results, the financial statements and management discussion and analysis can be viewed on SEDAR or the company's website.
About Canaf Investments Inc.
Canaf is a public company listed on the TSX Venture Exchange. Canaf's registered office is in Vancouver, B.C., Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African-based company that owns 70 per cent of Southern Coal.
About Southern Coal
Southern Coal produces calcined anthracite, a product used primarily as a substitute to coke in sintering processes. Southern Coal produces calcined anthracite by feeding washed anthracite coal through rotary kilns, at temperatures between 900 and 1,100 degrees centigrade; the volatiles are driven off and the effective carbon content increased.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
General
2019-02-28 10:35 | Report Abuse
CAF numbers are out. Asset/Debt ratio keeps looking better and better, yet we trade at a lower price compared to last year? Some USD/Rand fluctuations, but we know that they paid off all the bank debt in Q1 2019 so odds are another profitable quarter will be announced next month.
Year Revenue($USD) Profit/Loss $USD) Assets ($USD) Liabilities ($USD) Asset/Liability Ratio Net Asset Value ($USD)
2007 $6,193,884 -$721,465 $7,203,120 $4,822,980 1.49 $2,380,140
2008 $9,038,397 -$2,639,324 $3,134,842 $3,336,654 0.94 -$201,812
2009 $4,561,417 -$539,609 $3,270,899 $3,239,579 1.01 $31,320
2010 $11,807,383 $551,552 $3,734,633 $3,006,923 1.24 $727,710
2011 $13,336,725 $574,766 $3,704,897 $2,673,936 1.39 $1,030,961
2012 $10,882,074 $126,169 $4,029,063 $2,871,933 1.40 $1,157,130
2013 $14,969,633 $557,797 $4,141,224 $2,426,297 1.71 $1,714,927
2014 $13,257,224 $201,330 $3,597,561 $1,681,304 2.14 $1,916,257
2015 $9,156,927 -$285,218 $3,512,225 $1,881,186 1.87 $1,631,039
2016 $4,703,528 -$162,065 $2,729,318 $1,260,344 2.17 $1,468,974
2017 $10,699,117 $439,664 $3,315,232 $1,406,594 2.36 $1,908,638
2018 $14,673,658 $298,144 $4,774,437 $1,178,597 4.05 $3,595,840
General
2019-02-27 12:00 | Report Abuse
Central African Republic : the appointment of the new prime minister hailed by the main representatives of rebel groups
https://africandailyvoice.com/en/2019/02/27/central-african-republic-appointment-new-prime-minister-hailed-main-representatives-rebel-groups/
2019-02-27 Central African Republic, POLITICS
NEWSROOM (ADV) – In accordance with the commitments made on February 6 by the Central African authorities and the main rebel groups, President Faustin Archange Touadéra on Monday (February 25th) appointed a new Prime Minister, Firmin Ngrebada. The task of the new head of government is delicate. He needs to form an inclusive government without delay.
The Political Bureau of the Popular Front for the Renaissance of the Central African Republic (FPRC) and the National Coordination of the Anti-Balaka Patriot Movement, in a joint statement obtained by ADV, welcomed the appointment of Mr. Firming Ngrenada and at the same time renewed their commitment to peace under the leadership of the President of the Republic, Mr. Faustin Archange Touadera.
The signatories of this declaration, Noureidine Adam and Maxime Mokom, on behalf of their movements, thank the President for this move which goes hand in hand with the commitments of the concluded Khartoum agreement.
The FPRC and the Anti-Balaka wish to see the new Prime Minister continue in this positive dynamic.
General
2019-02-25 19:49 | Report Abuse
Axmin Inc Has Been Added To CAR Government Mining Site
https://mines.gouv.cf/page/32/les-projets]https://mines.gouv.cf/page/32/les-projets
https://mines.gouv.cf/projet/78/projet-or-axmin-inc-rca]https://mines.gouv.cf/projet/78/projet-or-axmin-inc-rca
Translated from French to English:
AXMIN GOLD PROJECT INC.-RCA
Axmin Inc. is a Canadian company operating in the gold sector in the Central African Republic for an industrial mine.
•
Gold exploration and exploitation object
• Legal basis
Convention signed on 27/01/2006 with the Central African State for a period of 25 years.
License to mine the Passendro Gold Mine: Somio Toungou (357km²) awarded by Decree No. 10.231 of August 05, 2010.
Research Permit: Bambari 1 & 2 (913km²) awarded by Decree No. 10.233 of August 07, 2010, of which objective is to increase the resources and extend the duration of mine operation.
• Location: Prefecture of OUAKA (Bambari)
• Work done
Somio Toungou - Feasibility studies completed but need for a re-evaluation of the resources at the restart of the project.
Aurafrique: geophysics, drilling research (DD, RC, etc.)
• Current situation
After a suspension of activities since the year 2012 for reasons of "Force Majeure" Axmin Inc. - RCA has brought together all administrative conditions for the resumption of its activities.
She is currently waiting for deployment.
• Outlook
Construction of infrastructure for an industrial gold mine.
General
2019-02-24 20:09 | Report Abuse
CAR Gov't, Armed Groups Commit To Ending Recruitment In Armed Formations Under Peace Deal
https://www.urdupoint.com/en/world/car-govt-armed-groups-commit-to-ending-recr-558895.html
KHARTOUM (UrduPoint News / Sputnik - 24th February, 2019) The government of the Central African Republic (CAR) and armed formations, which have recently signed a peace deal to end the armed conflict in the country, have pledged to refrain from recruiting people, in particular minors and foreigners, into armed formations, according to the text of the agreement seen by Sputnik on Sunday.
"The parties reaffirm their commitments to ... immediately put an end to all forms of recruitment, including that of children and foreigners, into armed groups," the text said.
The parties also agreed to give up illegal exploitation of natural resources and illicit traffic of arms and munitions, and committed to not hindering the free circulation of people and goods and the deliveries of humanitarian aid.
The long-sought peace accord was signed in the CAR capital of Bangui in early February.
General
2019-02-24 19:54 | Report Abuse
KFG Insider Buying:
Filing date: 2019-02-22
Transaction: 2019-02-22 $KFG
KFG Resources Ltd Grassi, Giacomo
4 - Director of Issuer
Common Shares
10 - Acquisition or disposition in the public market $11,055
+201,000 vol
$0.055 each 1,500,000
Filing date: 2019-02-22
Transaction: 2019-02-22 $KFG
KFG Resources Ltd Haney, Kevin
3 - 10% Security Holder of Issuer, 4 - Director of Issuer
Common Shares
10 - Acquisition or disposition in the public market $3,025
+55,000 vol
$0.055 each 7,110,000
Filing date: 2019-02-06
Transaction: 2019-01-31 $KFG
KFG Resources Ltd KFG Resources Ltd.
1 - Issuer
Common Shares
38 - Redemption, retraction, cancellation, repurchase $840.00
+21,000 vol
$0.04 each 21,000
Filing date: 2019-02-06
Transaction: 2019-01-31 $KFG
KFG Resources Ltd KFG Resources Ltd.
1 - Issuer
Common Shares
00 - Opening Balance-Initial SEDI Report
Filing date: 2018-12-11
Transaction: 2018-12-10 $KFG
KFG Resources Ltd Kadane, Robert Andrews
4 - Director of Issuer, 5 - Senior Officer of Issuer
Common Shares
11 - Acquisition or disposition carried out privately $1,621.312
+50,666 vol
$0.032 each 896,668
General
2019-02-22 15:01 | Report Abuse
October 2018 presentation from Hillcrest explaining the potential of West Hazel: https://www.youtube.com/watch?v=6NH-PzrlIX4
General
2019-02-22 12:44 | Report Abuse
KFG Resources purchases interest in West Hazel assets
2019-02-22 07:52 MT - News Release
Mr. Robert Kadane reports
KFG RESOURCES LTD. PURCHASES PRODUCTION IN SASKATCHEWAN
KFG Resources Ltd. has completed a production purchase in western Saskatchewan. A financial partnership was formed with Hillcrest Petroleum whereby the company purchased 15 per cent of Hillcrest's position in its West Hazel assets, which amounts to 75 per cent of the total interest available. Total consideration paid by the company to Hillcrest was $150,000 (approximately $113,000 (U.S.)). Four shut-in wells are being re-entered and returned to production after being shut in for four years. It will take a few weeks to ascertain how much production will be recovered (what the daily rate from all four wells will be). In addition, other potential on the lease is being evaluated (consisting of 220 acres) and KFG Resources has the right to participate in any further development of the assets at a level equal to its current percentage of Hillcrest's ownership.
© 2019 Canjex Publishing Ltd. All rights reserved.
General
2019-02-22 10:29 | Report Abuse
TGZ numbers are out. I estimated they would be getting around $300k for the quarter. Teranga still owes around $600-700K in payments which will likely paid over the next two quarters. Given Axmin's strict costs, the company should earn around $140-150K USD net profit for Q4 2018 and over $1 million USD for 2019. Again we are waiting for CAR to get going, but Senegal is a nice added bonus in the meantime. Plus we could be working on new targets right now given that Gora mining is completed and there are advanced stage targets within 1-3km's.
TGZ Year End - Feb 2019
AXM Year End - Apr 2019 (Books will be cleaned as per October 2018)
TGZ Q1 2019 - Apr 2019
AXM Q1 2019 - May 2019
TGZ Q2 2019 - Jul 2019
AXM Q2 2019 - Aug 2019
Another note, for any new possible targets on the 337km2 lease, Axmin still owns a 20% interest. However the 17 targets currently identified, the company has a 1.5% NSR.
From page 36 of TGZ year end results:
The joint venture partner of the exploration permit has elected a 1.5 percent net smelter royalty on all currently identified targets within the original Sounkounkou permit and including the Gora project in exchange for its fully participatory 20 percent interest. The joint venture partner retains a 20 percent participatory right for any new exploration targets identified or to elect the royalty.
General
2019-02-22 09:44 | Report Abuse
Axmin Receives $300K Royalty Payment From Teranga Gold
TGZ numbers are out. I estimated they would be getting around $300k for the quarter. Teranga still owes around $600-700K in payments which will likely paid over the next two quarters. Given Axmin's strict costs, the company should earn around $140-150K USD net profit for Q4 2018 and over $1 million USD for 2019. Again we are waiting for CAR to get going, but Senegal is a nice added bonus in the meantime. Plus we could be working on new targets right now given that Gora mining is completed and there are advanced stage targets within 1-3km's.
TGZ Year End - Feb 2019
AXM Year End - Apr 2019 (Books will be cleaned as per October 2018)
TGZ Q1 2019 - Apr 2019
AXM Q1 2019 - May 2019
TGZ Q2 2019 - Jul 2019
AXM Q2 2019 - Aug 2019
Another note, for any new possible targets on the 337km2 lease, Axmin still owns a 20% interest. However the 17 targets currently identified, the company has a 1.5% NSR.
From page 36 of TGZ year end results:
The joint venture partner of the exploration permit has elected a 1.5 percent net smelter royalty on all currently identified targets within the original Sounkounkou permit and including the Gora project in exchange for its fully participatory 20 percent interest. The joint venture partner retains a 20 percent participatory right for any new exploration targets identified or to elect the royalty.
General
2019-02-20 09:46 | Report Abuse
Good to see NAI finally putting out articles about AXM on QQ:
https://mp.weixin.qq.com/s/hXE1fv5B2UIeJGOxTKduJQ
Translated to English:
This junior gold stock rose 60% in 2019!
From Wendy Zhang NAI500Yesterday
In the article on why pennies should be included in your portfolio , we have mentioned that junior mining companies are a very important category, although most of the junior mining companies’ stocks are in a state of low trading and price all the year round, but grasp At several specific points in time, investing in junior mining companies can still quickly achieve ultra-high returns, which is unmatched by other types of stocks.
In the current trend of resource market, many companies are expected to rise, especially as gold prices are optimistic, gold mining stocks are worth looking forward to.
Recently, Toronto-based gold primary exploration company AXMIN (TSXV: AXM ) stocks are amazing (with photos), doubling the gains in four trading days, bringing investors a gratifying return.
Stock price trend (January 22, 2019 - February 19, 2019)
AXMIN is principally engaged in the exploration and development of gold projects located in Africa. In fact, in the past 2018, the company's share price has been launched from the bottom, and the stock price has nearly doubled in the whole year. That is to say, if an investor holds AXMIN stock in early 2018, its assets have been turned over. Ten times, this is an impossible income for ordinary stock investment.
Moreover, all of this happened when the company's news was relatively calm, indicating that the source of the increase was not the company's public relations hype, but the changes in the relevant environment and the improvement of the company's own cash flow.
In the interview, David Weill, the company's chief financial officer, mentioned three main factors driving the stock price increase: First, benefit from the flow of royalties generated by the company's Gora deposit jointly developed by Teranga Gold (TSX:TGZ) in Senegal, the company's The cash flow is excellent and the profit of the accounting accounts is realized. The company also has 17 potential deposits developed with Teranga that are expected to generate more revenue for the company.
The second factor is that the geopolitical situation in the Central African Republic is improving. AXMIN's main asset is the Passendro Gold Project, located in the Central African Republic, where AXMIN acquired a 25-year mining permit area (355 square kilometers) in August 2010. At the same time, the company also obtained two three-year, renewable exploration licenses: Bambari 1 and 2 (1,240 square kilometers), which surround the mining permit area and cover a 90-kilometer trend along the vast expanse of the Bambari Greenstone Belt. With ..... [unfinished]
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General
2019-02-18 14:16 | Report Abuse
https://www.businessincameroon.com/wood/1802-8858-the-port-of-kribi-becomes-main-wood-export-channel-to-car
https://www.bollore-ports.com/en/worldwide-network/africa/port-of-kribi-cameroon.html
The Port of Kribi becomes main wood export channel to CAR
(Business in Cameroon) - Timber export conditions at the port of Douala, Cameroon’s economic capital, have been improving since the beginning of the year, the International Tropical Timber Organization (ITTO) noted.
However, despite this upturn which is the result of a slowdown in Chinese demand, ITTO said, some timber exporters now ship cargoes through the deep-water port of Kribi, commissioned in March 2018 in the southern region.
In a memo covering the period Feb.1-15, 2019, ITTO revealed that despite the improvement situation at the port of Douala, “exporters of sawn timber and logs to the Central African Republic shipped their cargoes through the port of Kribi”.
“It is logical that part of the traffic from the port of Douala should be redirected to the port of Kribi. This will allow to ease traffic,” Patrice Melom, MD of the autonomous port of Kribi (PAK), said at the end of a seminar held April 19-20, 2018 with players of the timber sector to discuss ways to carry out export activities within the Kribi port platform.
Wood exports at the Kibri port are carried out by Kribi Containers Terminal (KCT), a company controlled by the Franco-Chinese consortium Bolloré-CHEC-CMA CGM in partnership with the Chinese shipowner Cosco.
Brice R. Mbodiam
General
2019-02-12 09:09 | Report Abuse
The Government of the Central African Republic (CAR) Announces a Peace Agreement with Armed Groups
Vancouver, British Columbia--(Newsfile Corp. -February 12, 2019) - AXMIN Inc.(TSXV: AXM) ("AXMIN" or the "Company") notes the following news release.
OnSaturday February 2, 2019 the Government of the CAR announced on social media that an agreement for peace had been made at the talks taking place in Khartoum. The Government stated that the agreement would be initialed on Sunday February 3, 2019 and thereafter it was signed in Bangui onFebruary 6th.
The agreement comes after discussions that were facilitated in Khartoum by the African Union and the Untied Nations with assistance from Russia. The key points of this agreement are:
An immediate cessation of violence by the armed groups against defense and security forces, UN personnel, humanitarian workers and the general population.
The armed groups will respect the legitimacy of the CAR's institutions and will disband.
The Government will analyse the reintegration of the leaders of the armed groups who previously served as civil servants or in the military.
The Government will set up a Truth, Justice, Reparation and Reconciliation Commission within 90 days.
The parties to the agreement will undertake to set up mixed security units that will include both the defense and security forces as well as former members of the armed groups.
A Prime Minister will be appointed drawn from a representative of the former armed groups.
The former armed groups will have the right to start political parties without hindrance.
Ambassador Smail Chergui, the African Union Commissioner for Peace and Security stated on social media:
… I am humbled to announce that with the exemplary cooperation I received from both the Government of the CAR(@GouvCF) and the 14 armed groups, we have secured a#peaceagreementtodayin the interest of the people of#CAR.
Separately onThursday January 31, 2019 the United Nations Security Council voted unanimously on a resolution drafted by France that provides for a road map to lift the arms embargo on the CAR. This resolution states that the Council will establish requisite benchmarks byApril 30, 2019 and will assess progress on these benchmarks byJuly 31, 2019. The Council will then review the arms embargo measures bySeptember 30,2019.
The resolution welcomes 'the significant efforts made by the CAR authorities' to advance security sector reform, including by developing a national defense plan and national security policy. This resolution acknowledged 'the urgent need for the CAR authorities to train and equip their defense and security forces to be able to respond proportionately to threats to the security of all citizens in the CAR.' The Council stated that it had granted several exemptions to allow shipments of weapons from France, Russia, China, the United States and Belgium for the CAR's army.
AXMIN's Chairman and CEO Lucy Yan stated:
AXMIN is delighted to hear that a peace agreement has been reached in Khartoum and hope that this agreement will be honored and bring security and stability to the CAR. The Company believes that the combination of the agreement together with the eventual lifting of the arms embargo should provide both the framework for stability and also the effective method of enforcement by equipping and deploying the military forces of the Government of the CAR. We look forward to being back on site and working on developing the Passendro asset as soon as conditions allow in the near future.
A further press release regarding the security situation in Ndassima, the location of the Company's Passendro asset, will be made when appropriate to do so.
About AXMIN
AXMIN is a Canadian exploration and development company with a strong focus on the African continent. AXMIN continues to closely monitor the political situation at its Passendro Gold Project in the Central African Republic. For more information regarding AXMIN visit our website atwww.axmininc.com. Please also follow us on Facebook.https://www.facebook.com/axmininc
For additional information, please contact AXMIN Inc.:
Lucy Yan
Chairman and CEO
ceo@axmininc.com
AXMIN Inc.
General Enquiries
David de Jongh Weill
Chief Financial Officer and Corporate Secretary
david@axmininc.com
+65 9781 8281
Investor Relations
ir@axmininc.com
www.axmininc.com
AXM.V - Axmin Inc.
2020-09-30 16:46 | 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.