AXM.V - Axmin Inc.

[Jack_Aster]

UN Summary Report For CAR (From June 15th 2018 to October 15th 2018) - In PDF Form



Note - This is a report from the UN(MINUSCA) and does not detail the effort and support from other groups such as the EU(European Union), Russia, AU(African Union), China, USA, France, etc. Opinions have not been posted below as this is just one perspective from an individual writing the report. The key notes below are meant to show actual events compared to what the writer is actually talking about or speculates.

I have condensed everything and taken out all the important key notes of events that have taken place over the four month period.

Total - 21 Pages (12-21 are personal opinions and have not been posted)

Page 3

The African Initiative is widely recognized among all stakeholders as the ma in
principle framework for the peace process in the Central African Republic, although
its operationalization has taken time and it lacks the required resources. One year
after the adoption of the Libreville road map, the Initiative’s panel of facilitators
concluded its “listening tours” with the 14 main armed groups. At the most recent
meeting, held in Bouar from 28 to 30 August, the panel helped to harmonize the
groups’ demands, which were subsequently submitted to President Touad?ra for
consideration by the Government. This represents an important preparatory step
towards dialogue between the Government and armed groups, tentatively scheduled
for November. The panel also consulted two exiled former Heads of State, Francois
Boziz? and Michel Djotodia. In July 2018, the Initiative, with support from the
Peacebuilding Fund, organized training sessions to prepare armed groups,
government representatives and political and social leaders for direct dialogue, with
the support of the Community of Sant’Egidio and the African Centre for the
Constructive Resolution of Disputes. The United Nations Entity for Gender Equality
and the Empowerment of Women (UN-Women) and the United Nations Development
Programme (UNDP) organized workshops and seminars to engage women and yo ung
people

On 28 August 2018, a meeting was convened in Khartoum with the three main
ex-S?l?ka factions and one anti-balaka faction, with the support of the Russian
Federation. That followed an earlier meeting in Khartoum on 10 July that only the
Front populaire pour la renaissance de la Centrafrique attended. The second meeting
resulted in a declaration, by which armed factions pledged their support for peace and
dialogue within the framework of the African Initiative.

In Bangassou, a local agreement was signed in April 2018, complemented by
the arrest of militia leaders, disarmament through community violence reduction
programmes, the deployment of units of the Central African armed forces trained by
the European Union Training Mission and intercommunal dialogue by local leaders.
Those efforts have produced a noticeable decline in attacks on civilians in recent
months. In Bangui, intercommunal dialogue in the city’s third district facilitated the
gradual return of people displaced following Operation Sukula. Local peace and
reconciliation processes in Markounda and Zemio have helped to reduce violence,

Page 4

(continued from page 3) increase freedom of movement and facilitate the return of State authorities. Similarly,
in Bouar, they have helped to eliminate illegal checkpoints, stop intercommunal
violence and secure a commitment from the armed group Retour, r?clamations,
r?habilitation to demobilize and disarm as part of the disarmament, demobilization
and reintegration programme. In July, that group and anti-balaka leaders in Bouar
destroyed 1,652 weapons that had been collected through community violence
reduction programmes, symbolizing their commitment to disarming. The
Government, with MINUSCA support, also established eight new local peace and
reconciliation committees across the country.

Page 5

Out of a total of 7,087 verified soldiers of the Central African armed forces, 243
have been deployed in Am Dafok, Boali, Bouar and Moungounba without MINUSCA
or partner support. A total of 612 personnel trained by the European Union Training
Mission have so far been deployed in Bangassou, Bouar, Dekoa, Obo, Paoua and
Sibut, working alongside MINUSCA. The Central African armed forces has received
contributions from bilateral partners, including armaments, vehicles, communications
and other equipment. MINUSCA is responsible for the ad hoc supplies of fuel in
Bangassou, Obo and Paoua, which it then receives in the same quantities by the
Government in Bangui. The majority of the 3,232 police and gendarme officers
remain in Bangui owing to a lack of essential equipment and logistics necessary to
deploy new recruits throughout the country as planned (new EU & Russia support will resolve this)

Page 7

During the reporting period, several initiatives were undertaken to help the
Government to re-establish the rule of law and State authority and to provide services
in response to citizens’ request. MINUSCA and the United Nations Children’s Fund
(UNICEF) supported the organization of the 2018 national baccalaur?at exams.
MINUSCA and UNDP worked with the Government to develop “Lisango 2.0”, a
software to facilitate the planning of civil servant deployments. In August, five new
prefects, including three women, were nominated to replace the retired prefects of
Bamingui-Bangoran, Basse-Kotto, Mbomou, Nana-Gribizi and Nana-Mamb?r?.

The Special Criminal Court rules of procedure and evidence were promulgated
on 2 July 2018. The Court is actively working, with MINUSCA support, to develop
its prosecutorial and case selection strategy. The judiciary resumed criminal sessions
in several areas, with support from MINUSCA and UNDP. The Bangui Court of
Appeal held its second criminal session from 16 July to 31 August, in which 15 cases
were heard, including several related to the conflict. In August, the Bossangoa High
Court resumed its criminal sessions, which had been suspended since 2013. However,
in general the capacity and functioning of other national judicial and corrections
structures, particularly outside Bangui, remained limited.

The Mission continued to support the demilitarization of prisons, including the
recruitment of 150 out of a total of 300 prison officers. The Mission apprehended nine
high-profile individuals using its urgent temporary measures and supported the
transfer to Bangui of 54 detainees, including anti-balaka leader Pino-Pino, who had
been accused of involvement in attacks against civilians and peacekeepers in May
2017.

Page 8

MINUSCA is supporting the Government’s launch of its disarmament,
demobilization and reintegration programme, starting in the west with seven armed
groups, and continued to expand community violence reduction programmes in six
locations for 5,100 beneficiaries. The Government continued to engage with other
armed groups to reach further agreements and extend disarmament and
demobilization to other parts of the country

On 4 July 2018, the National Assembly adopted a law establishing a High
Council on Security to ensure greater accountability and civilian oversight over the
security sector. On 24 August, the President approved the Government’s proposal to
reserve 10 per cent of new posts in the Central African armed forces and security
forces for former combatants, until 2021. At the request of the Government,
MINUSCA started to support the recruitment of 1,023 Central African armed forces
personnel, using quotas to ensure fair geographic and gender balance. In August, the
European Union Training Mission concluded the training of the third infantry
battalion of the Central African armed forces. On 30 July, the mandate of the
European Union Training Mission was extended until 19 September 2020

The 500 new police and gendarmerie recruits were scheduled to complete their
general training and start specialized training by the end of October 2018. MINUSCA,
through the Mine Action Service, continued to support weapons and ammunition
management by assisting the national defence and security forces with infrastructure
planning and refresher training

Page 9

MINUSCA and the United Nations country team, along with other partners,
have supported the Government in the implementation of the National Re covery and
Peacebuilding Plan for the period 2017–2021, to which donors have pledged some
$2.2 billion. The biannual review in June and July showed an increase in the delivery
rate of funds to 49 per cent, although disbursement remained slow. The Mutual
Engagement Framework biannual review highlighted the need to strengthen national
capacities at all levels and to improve national ownership of the Plan and Framework.
It highlighted the urgent actions required to achieve peacebuilding priorities,
including the swift adoption of laws and regulations to launch the preparation for
elections and further deployments of the Central African armed forces and internal
security forces alongside MINUSCA. Efforts continued for the development of the
sectoral strategies, policies, plans and frameworks that were essential for accelerating
the programming and delivery of the resources mobilized so far and for translating
them into peace dividends for the population

The International Monetary Fund reviewed the country’s Extended Credit
Facility Agreement and approved in July a disbursement of $32.1 million. A portion
would be used to pay 2003 salary arrears of civil servants and the gradual settlement
of domestic debt with private companies. In June, the National Assembl y adopted a
revised finance bill that increased social spending and public investments.

Page 10

As at 1 October, MINUSCA had deployed 11,170 military personnel, 3.17 per
cent of whom were women. That figure represents 95.88 per cent of the total
authorized strength of 11,650 personnel. The MINUSCA force currently comprises
10 infantry battalions, two quick-reaction battle groups, a reserve battalion, a special
forces company, a quick-reaction force company and several enabling units, including
a military police company, five engineering companies, a heavy transport company,
three level-II hospitals, a level-1-plus forward surgery module and three helicopter
units, including a combat helicopter unit. The Mission, with guidance from United
Nations Headquarters, is reviewing its capabilities and response procedures in order
to improve the casualty evacuation support

As at 1 October 2018, a total of 750 troops out of the 900 authorized by the
Security Council were operational. The remaining troops are expected to reach full
operational capability by end of November, with specialized equipment, including
reconnaissance and high-mobility armoured vehicles, as well as enablers, such as
engineering vehicles, logistics and medical equipment. MINUSCA will reinforce its
military posture with two highly mobile battalions, designed as joint task forces
composed of three companies, capable of deploying simultaneously and operating
autonomously, with integrated force multipliers. They will act as quick-reaction
forces, tasked to address particularly difficult security situations.

As at 1 October, MINUSCA had deployed 1,918 police personnel, representing
92.21 per cent of the authorized strength of 2,080. That number comprised 385
individual police officers, including 52 women, representing 96.25 per cent of the
authorized strength of 400. Ten formed police units and two protection support units
comprising 1,533 officers, including 102 women, were also deployed, representing
91.25 per cent of the authorized strength of 1,680. The transformation of the police
protection unit into a formed unit remained pending owing to equipment constraints
of the contributing country. Once addressed, the more mobile unit will deploy to
Berberati and Bossangoa

As at 1 October, MINUSCA had deployed 1,384 civilian personnel (1,151 staff
members and 233 United Nations Volunteers) representing 90 per cent of the total
1,524 authorized positions. Furthermore, 273 women constituted 23.7 per cent of the
civilian personnel, with 21.5 per cent in positions at the P-5 level or higher

The Mission continues to work closely with the Government to address a
number of violations related to the status-of-forces agreement, including the import
of critical equipment

Page 11

The Mission has strengthened its efforts to address performance in a series of
actions encompassing training, equipment, evaluation and leadership. The Mission is
serving as a pilot for the implementation of the Comprehensive Performance
Assessment System of the Department of Peacekeeping Operations, and is developing indicators to measure whole-of-mission performance against its strategic objectives.

Since the launch in September 2017 of the online military performance assessment
tool, MINUSCA has conducted evaluations of several units, which were mostly
assessed as satisfactory, and it is now implementing performance improvement plans
as needed, including on the basis of those evaluations. MINUSCA has been an early
adopter of innovative technologies in support of operations and force protection. It
has made progress in implementing the recommendations contained in the report on
the independent investigation by Brigadier General (Retired) Amoussou to improve
the Mission’s response to protect civilians, as well as the action plan to reduce
peacekeeper fatalities following the report by Lieutenant General (Retired) dos Santos
Cruz,1 which has already produced results, with six peacekeeper casualties in 2018
due to malicious acts, compared to 12 in the same period in 2017, although injuries
have increased to 34 in 2018 from 18 in 2017. MINUSCA has also made significant
improvements in personnel accommodation.


Notes - Pages 12-21 are personal notes and opinions and have been not been posted and these are the thoughts and expressions of one individual and do not take into the account the support from other countries and institutions (Russia, China, France, EU, AU, Sudan, etc). MINUSCA is a support group but does not have the full power or ability to change things. This is more in the hands of the other groups who have more influence and pull within CAR and work much closer to government officials

[Jack_Aster]

UN Summary Report For CAR (From June 15th 2018 to October 15th 2018) - In PDF Form



Note - This is a report from the UN(MINUSCA) and does not detail the effort and support from other groups such as the EU(European Union), Russia, AU(African Union), China, USA, France, etc. Opinions have not been posted below as this is just one perspective from an individual writing the report. The key notes below are meant to show actual events compared to what the writer is actually talking about or speculates.

I have condensed everything and taken out all the important key notes of events that have taken place over the four month period.

Total - 21 Pages (12-21 are personal opinions and have not been posted)

Page 3

The African Initiative is widely recognized among all stakeholders as the ma in
principle framework for the peace process in the Central African Republic, although
its operationalization has taken time and it lacks the required resources. One year
after the adoption of the Libreville road map, the Initiative?s panel of facilitators
concluded its ?listening tours? with the 14 main armed groups. At the most recent
meeting, held in Bouar from 28 to 30 August, the panel helped to harmonize the
groups? demands, which were subsequently submitted to President Touad?ra for
consideration by the Government. This represents an important preparatory step
towards dialogue between the Government and armed groups, tentatively scheduled
for November. The panel also consulted two exiled former Heads of State, Francois
Boziz? and Michel Djotodia. In July 2018, the Initiative, with support from the
Peacebuilding Fund, organized training sessions to prepare armed groups,
government representatives and political and social leaders for direct dialogue, with
the support of the Community of Sant?Egidio and the African Centre for the
Constructive Resolution of Disputes. The United Nations Entity for Gender Equality
and the Empowerment of Women (UN-Women) and the United Nations Development
Programme (UNDP) organized workshops and seminars to engage women and yo ung
people

On 28 August 2018, a meeting was convened in Khartoum with the three main
ex-S?l?ka factions and one anti-balaka faction, with the support of the Russian
Federation. That followed an earlier meeting in Khartoum on 10 July that only the
Front populaire pour la renaissance de la Centrafrique attended. The second meeting
resulted in a declaration, by which armed factions pledged their support for peace and
dialogue within the framework of the African Initiative.

In Bangassou, a local agreement was signed in April 2018, complemented by
the arrest of militia leaders, disarmament through community violence reduction
programmes, the deployment of units of the Central African armed forces trained by
the European Union Training Mission and intercommunal dialogue by local leaders.
Those efforts have produced a noticeable decline in attacks on civilians in recent
months. In Bangui, intercommunal dialogue in the city?s third district facilitated the
gradual return of people displaced following Operation Sukula. Local peace and
reconciliation processes in Markounda and Zemio have helped to reduce violence,

Page 4

(continued from page 3) increase freedom of movement and facilitate the return of State authorities. Similarly,
in Bouar, they have helped to eliminate illegal checkpoints, stop intercommunal
violence and secure a commitment from the armed group Retour, r?clamations,
r?habilitation to demobilize and disarm as part of the disarmament, demobilization
and reintegration programme. In July, that group and anti-balaka leaders in Bouar
destroyed 1,652 weapons that had been collected through community violence
reduction programmes, symbolizing their commitment to disarming. The
Government, with MINUSCA support, also established eight new local peace and
reconciliation committees across the country.

Page 5

Out of a total of 7,087 verified soldiers of the Central African armed forces, 243
have been deployed in Am Dafok, Boali, Bouar and Moungounba without MINUSCA
or partner support. A total of 612 personnel trained by the European Union Training
Mission have so far been deployed in Bangassou, Bouar, Dekoa, Obo, Paoua and
Sibut, working alongside MINUSCA. The Central African armed forces has received
contributions from bilateral partners, including armaments, vehicles, communications
and other equipment. MINUSCA is responsible for the ad hoc supplies of fuel in
Bangassou, Obo and Paoua, which it then receives in the same quantities by the
Government in Bangui. The majority of the 3,232 police and gendarme officers
remain in Bangui owing to a lack of essential equipment and logistics necessary to
deploy new recruits throughout the country as planned (new EU & Russia support will resolve this)

Page 7

During the reporting period, several initiatives were undertaken to help the
Government to re-establish the rule of law and State authority and to provide services
in response to citizens? request. MINUSCA and the United Nations Children?s Fund
(UNICEF) supported the organization of the 2018 national baccalaur?at exams.
MINUSCA and UNDP worked with the Government to develop ?Lisango 2.0?, a
software to facilitate the planning of civil servant deployments. In August, five new
prefects, including three women, were nominated to replace the retired prefects of
Bamingui-Bangoran, Basse-Kotto, Mbomou, Nana-Gribizi and Nana-Mamb?r?.

The Special Criminal Court rules of procedure and evidence were promulgated
on 2 July 2018. The Court is actively working, with MINUSCA support, to develop
its prosecutorial and case selection strategy. The judiciary resumed criminal sessions
in several areas, with support from MINUSCA and UNDP. The Bangui Court of
Appeal held its second criminal session from 16 July to 31 August, in which 15 cases
were heard, including several related to the conflict. In August, the Bossangoa High
Court resumed its criminal sessions, which had been suspended since 2013. However,
in general the capacity and functioning of other national judicial and corrections
structures, particularly outside Bangui, remained limited.

The Mission continued to support the demilitarization of prisons, including the
recruitment of 150 out of a total of 300 prison officers. The Mission apprehended nine
high-profile individuals using its urgent temporary measures and supported the
transfer to Bangui of 54 detainees, including anti-balaka leader Pino-Pino, who had
been accused of involvement in attacks against civilians and peacekeepers in May
2017.

Page 8

MINUSCA is supporting the Government?s launch of its disarmament,
demobilization and reintegration programme, starting in the west with seven armed
groups, and continued to expand community violence reduction programmes in six
locations for 5,100 beneficiaries. The Government continued to engage with other
armed groups to reach further agreements and extend disarmament and
demobilization to other parts of the country

On 4 July 2018, the National Assembly adopted a law establishing a High
Council on Security to ensure greater accountability and civilian oversight over the
security sector. On 24 August, the President approved the Government?s proposal to
reserve 10 per cent of new posts in the Central African armed forces and security
forces for former combatants, until 2021. At the request of the Government,
MINUSCA started to support the recruitment of 1,023 Central African armed forces
personnel, using quotas to ensure fair geographic and gender balance. In August, the
European Union Training Mission concluded the training of the third infantry
battalion of the Central African armed forces. On 30 July, the mandate of the
European Union Training Mission was extended until 19 September 2020

The 500 new police and gendarmerie recruits were scheduled to complete their
general training and start specialized training by the end of October 2018. MINUSCA,
through the Mine Action Service, continued to support weapons and ammunition
management by assisting the national defence and security forces with infrastructure
planning and refresher training

Page 9

MINUSCA and the United Nations country team, along with other partners,
have supported the Government in the implementation of the National Re covery and
Peacebuilding Plan for the period 2017?2021, to which donors have pledged some
$2.2 billion. The biannual review in June and July showed an increase in the delivery
rate of funds to 49 per cent, although disbursement remained slow. The Mutual
Engagement Framework biannual review highlighted the need to strengthen national
capacities at all levels and to improve national ownership of the Plan and Framework.
It highlighted the urgent actions required to achieve peacebuilding priorities,
including the swift adoption of laws and regulations to launch the preparation for
elections and further deployments of the Central African armed forces and internal
security forces alongside MINUSCA. Efforts continued for the development of the
sectoral strategies, policies, plans and frameworks that were essential for accelerating
the programming and delivery of the resources mobilized so far and for translating
them into peace dividends for the population

The International Monetary Fund reviewed the country?s Extended Credit
Facility Agreement and approved in July a disbursement of $32.1 million. A portion
would be used to pay 2003 salary arrears of civil servants and the gradual settlement
of domestic debt with private companies. In June, the National Assembl y adopted a
revised finance bill that increased social spending and public investments.

Page 10

As at 1 October, MINUSCA had deployed 11,170 military personnel, 3.17 per
cent of whom were women. That figure represents 95.88 per cent of the total
authorized strength of 11,650 personnel. The MINUSCA force currently comprises
10 infantry battalions, two quick-reaction battle groups, a reserve battalion, a special
forces company, a quick-reaction force company and several enabling units, including
a military police company, five engineering companies, a heavy transport company,
three level-II hospitals, a level-1-plus forward surgery module and three helicopter
units, including a combat helicopter unit. The Mission, with guidance from United
Nations Headquarters, is reviewing its capabilities and response procedures in order
to improve the casualty evacuation support

As at 1 October 2018, a total of 750 troops out of the 900 authorized by the
Security Council were operational. The remaining troops are expected to reach full
operational capability by end of November, with specialized equipment, including
reconnaissance and high-mobility armoured vehicles, as well as enablers, such as
engineering vehicles, logistics and medical equipment. MINUSCA will reinforce its
military posture with two highly mobile battalions, designed as joint task forces
composed of three companies, capable of deploying simultaneously and operating
autonomously, with integrated force multipliers. They will act as quick-reaction
forces, tasked to address particularly difficult security situations.

As at 1 October, MINUSCA had deployed 1,918 police personnel, representing
92.21 per cent of the authorized strength of 2,080. That number comprised 385
individual police officers, including 52 women, representing 96.25 per cent of the
authorized strength of 400. Ten formed police units and two protection support units
comprising 1,533 officers, including 102 women, were also deployed, representing
91.25 per cent of the authorized strength of 1,680. The transformation of the police
protection unit into a formed unit remained pending owing to equipment constraints
of the contributing country. Once addressed, the more mobile unit will deploy to
Berberati and Bossangoa

As at 1 October, MINUSCA had deployed 1,384 civilian personnel (1,151 staff
members and 233 United Nations Volunteers) representing 90 per cent of the total
1,524 authorized positions. Furthermore, 273 women constituted 23.7 per cent of the
civilian personnel, with 21.5 per cent in positions at the P-5 level or higher

The Mission continues to work closely with the Government to address a
number of violations related to the status-of-forces agreement, including the import
of critical equipment

Page 11

The Mission has strengthened its efforts to address performance in a series of
actions encompassing training, equipment, evaluation and leadership. The Mission is
serving as a pilot for the implementation of the Comprehensive Performance
Assessment System of the Department of Peacekeeping Operations, and is developing indicators to measure whole-of-mission performance against its strategic objectives.

Since the launch in September 2017 of the online military performance assessment
tool, MINUSCA has conducted evaluations of several units, which were mostly
assessed as satisfactory, and it is now implementing performance improvement plans
as needed, including on the basis of those evaluations. MINUSCA has been an early
adopter of innovative technologies in support of operations and force protection. It
has made progress in implementing the recommendations contained in the report on
the independent investigation by Brigadier General (Retired) Amoussou to improve
the Mission?s response to protect civilians, as well as the action plan to reduce
peacekeeper fatalities following the report by Lieutenant General (Retired) dos Santos
Cruz,1 which has already produced results, with six peacekeeper casualties in 2018
due to malicious acts, compared to 12 in the same period in 2017, although injuries
have increased to 34 in 2018 from 18 in 2017. MINUSCA has also made significant
improvements in personnel accommodation.


Notes - Pages 12-21 are personal notes and opinions and have been not been posted and these are the thoughts and expressions of one individual and do not take into the account the support from other countries and institutions (Russia, China, France, EU, AU, Sudan, etc). MINUSCA is a support group but does not have the full power or ability to change things. This is more in the hands of the other groups who have more influence and pull within CAR and work much closer to government officials

[Jack_Aster]

Two more updates signaling additional support for the Central African Republic. Keeping in mind that the faster things get secured, the sooner Axmin can go back to work on it's proven multi million ounce gold deposit

Russia ready to send more military instructors to Central African Republic -

Engility to support logistics training in Central African Republic -

[Jack_Aster]

(Barchart.com) - AXM.VN Shows 96% Buy Rating From Technical Indicators



Axmin Inc (AXM.VN)
0.290 unch (unch) 10/19/18 [TSX Venture]
BARCHART OPINION for Mon, Oct 22nd, 2018 Alerts Watch Help
Overall Average:
96% BUY
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.

0
100
Current Strength



Maximum
0
100
Current Direction



Strengthening
Barchart Opinion
INDICATOR
Opinion Strength & Direction
Composite Indicator
TrendSpotter
BUY
Short Term Indicators
7 Day Average Directional Indicator
BUY
10 - 8 Day Moving Average Hilo Channel
BUY
20 Day Moving Average vs Price
BUY
20 - 50 Day MACD Oscillator
BUY
20 Day Bollinger Bands
HOLD
20 - Day Average Volume: 149,523 Average: 80% BUY
Medium Term Indicators
40 Day Commodity Channel Index
BUY
50 Day Moving Average vs Price
BUY
20 - 100 Day MACD Oscillator
BUY
50 Day Parabolic Time/Price
BUY
50 - Day Average Volume: 129,915 Average: 100% BUY
Long Term Indicators
60 Day Commodity Channel Index
BUY
100 Day Moving Average vs Price
BUY
50 - 100 Day MACD Oscillator
BUY
100 - Day Average Volume: 127,174 Average: 100% BUY
Barchart Opinions show traders what a variety of popular trading systems are suggesting in terms of going long or short the market. The Opinions takes up to 2 years' worth of historical data and runs these prices through thirteen different technical indicators. After each calculation, the program assigns a buy, sell or hold value for each study, depending on where the price lies in reference to the common interpretation of the study.

Barchart Opinions are not a recommendation to buy or sell a security. Your decision whether or not to make a purchase should be based on your own due diligence and not on any representation we make to you.

[Jack_Aster]

UN Welcomes Russia For CAR Defense & UN Sees CAR Stabilizing

MINUSCA Chief Welcomes Russia's Support Of CAR Defense, Security Forces Reform -

CAR's Current Stability Level Sufficient To 'Envisage Dialogue' - MINUSCA Head -

[Jack_Aster]

Axmin's Sept. 30 cash at $1.39-million (U.S.)

2019-11-29 06:28 MT - News Release


Ms. Lucy Yan reports

AXMIN ANNOUNCES FINANCIAL RESULTS FOR THE NINE MONTHS ENDING SEPTEMBER 30, 2019 AND OPERATIONS UPDATE

Axmin Inc. has released highlights from its unaudited interim financial report for the nine months ended Sept. 30, 2019. All amounts included in this news release are in U.S. dollars.

Financial results:

During the three months ended Sept. 30, 2019, the company did not receive royalty income as the Gora project is now complete. For the nine-month period, Axmin received royalty income of $563,028.
The net loss for the three months ending Sept. 30, 2019, was $817,006 of which $689,955 was due to accounting for the issuance of share options to directors and management during the quarter. Net of this allowance, the net loss was $127,051.
Liquidity and capital resources:

As at Sept. 30, 2019, the company had cash on deposit in the amount of $1,396,303.
Operations update

Axmin and the government of the Central African Republic (CAR) have been in extensive discussions over the last several months as to the development of the company's Passendro deposit. Both the company and the government of the CAR wish to see a rapid development of the asset, however the security situation in the area surrounding the company's development area has unfortunately not stabilized as quickly as the government and the company anticipated. This is expected to improve in the near term, and in the interim the company is starting activities that are practicable given the current situation.

Axmin has the requisite equipment in country to commence an initial site survey to further the previously defined site reclamation and rapid production plan. The implementation of this survey is in process and the company will provide timely updates on the social media platforms.

The company has also identified several humanitarian projects that have high positive social impact but low capital expenditure that are being commenced at this time. It has always been the company's intention to work for the benefit of all stakeholders in the project and improving the lives of the residents in the village near the company's asset is clearly in line with these goals.

The negotiations as to the choice of strategic partner have also been delayed slightly due to the security situation but talks are on going and meetings will be held in Beijing in early December in this regard.

About Axmin Inc.

Axmin is a Canadian exploration and development company with a strong focus on central and West Africa.

We seek Safe Harbor.

? 2020 Canjex Publishing Ltd. All rights reserved.

[Jack_Aster]

Axmin signs Passendro development LOI with Au Metals

2020-01-20 07:12 MT - News Release


Ms. Lucy Yan reports

AXMIN ANNOUNCES LETTER OF INTENT WITH FIRST STRATEGIC PARTNER

Axmin Inc. has signed a letter of intent for the development of its Passendro gold asset in the Central African Republic (CAR) with Au Metals Ltd., a subsidiary of the Au Group Ltd.

Au Metals is a gold and copper mineral focused venture capital firm established in 2015 in Hong Kong, special administrative regions, and the British Virgin Islands. Au Metals, through its related company Au Ventures Ltd., operates venture capital funds. Au Metals has been involved with numerous mining companies. Au Metals' team also has operational experience in projects throughout Asia, Africa, North America and Australia. Au Metals is well connected in the mining industry, and has close relationships with corporate and state-owned enterprise mining operations and investors in the Asia region. Au Metals maintains offices in Hong Kong, Beijing, Sydney, Melbourne, Perth and Brisbane.

Axmin has agreed with Au Metals to work together on the results of the continuing site survey to define a scoping study based on the situation on site, the results and implications of illegal mining activity, and the past exploration and geological analysis performed by the company. The company will work with Au Metals to define what equity capital and debt facility will be required to implement the project in the CAR.

Dr. Wei Jin, executive president and managing partner of Au Metals, stated: "We are excited with the prospect of collaborating with Axmin on its Passendro gold asset. Au Metals has the expertise to help bring the asset to the next level and we feel that our networks in the mining industry can help this partnership realize success."

Axmin chairman and chief executive officer Lucy Yan said: "We are delighted to be working with Au Metals to accelerate the development of the Passendro gold asset. The company values the extensive track record and expertise of Au Metals, and are confident that working with this strategic partner will ensure a successful realization of the project for the benefit of all shareholders and stakeholders concerned."

About Axmin Inc.

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

We seek Safe Harbor.

? 2020 Canjex Publishing Ltd. All rights reserved.

[Jack_Aster]

While we wait for AXM's Q2 financial/MD&A results to come out shortly(unless it's delayed like last quarter), Teranga Gold filed a new 43-101 and it clearly shows in the maps on Sedar(link below) that they added 4 new targets on the JV claim with Axmin. Those four targets are 20% unless converted to a 1.5% NSR. We are also waiting for results from their drill program. This means AXM has 20 targets now, compared to 16(all 1.5% NSR).

AXM should hopefully have an update on it's CAR legal case as well in the next MD&A

TGZ Sedar link -

[Jack_Aster]

Q2 results came out last friday and it looks like progress is being made on Passendro and the Bambari expansion leases, as per the MD&A highlight below. Also keep in mind that Axmin Inc has updated their website which is nice to see, so hoping for a new company presentation soon. Teranga Gold is drilling/sampling on our JV claim and we have 4 new targets, with a total of 20 now.

Page 6 on the 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, C?te d’Ivoire.

[Jack_Aster]

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:



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, C?te d’Ivoire.

[Jack_Aster]

Axmin has a brand new company presentation. But this site has url issues. You can find this on their website.

[Jack_Aster]

Axmin Inc's JV Partner, Teranga Gold, To Be Acquired By Endeavour Mining

Endeavour Mining to acquire rival Teranga Gold for $2.44 billion

- Good to see this transaction happen. Teranga Gold has not been able to move fast enough in Senegal due to financial constraints. Now with the combined company, Endeavour can assist better in proving up the JV Sounkoukou claims with Axmin.



Endeavour Mining Corp., the acquisitive gold producer backed by Egyptian billionaire Naguib Sawiris, agreed to buy Teranga Gold Corp. in the latest deal to reshape the sector.

After Barrick Gold Corp. and Newmont Corp. two years ago created behemoths that dwarf the rest of the industry, other gold miners are trying to consolidate to remain relevant to shareholders. Helped by record gold prices, that’s led to a flurry of deals across the sector as smaller producers beef up their scale.

Endeavour said last week it was discussing a “merger of equals style” deal with Teranga after the talks were first reported by Bloomberg. Endeavour is offering 5.1 per cent premium to Teranga’s closing price on Friday, valuing its equity at C$2.44 billion (US$1.86 billion), according to Bloomberg calculations.

The combined company will produce about 1.5 million ounces of gold a year across West Africa, making it one of the 10 largest producers. It also plans to seek a listing on the London Stock Exchange, a long-term goal of Endeavour Chief Executive Officer Sebastien de Montessus.

London has become a go-to destination for gold-miners in the past year as companies seek to fill the gap left by Randgold Resources Ltd., a former investor favorite that delisted when it was bought by Barrick in a deal that set the tone for low or zero premium combinations in the industry.

Since Randgold left, Yamana Gold Inc. and Wheaton Precious Metals Corp. have both secured listings in London, though unlike Endeavour they have not sought premium listings that make them eligible for the FTSE 100 index.

“The combined entity will become a new senior gold producer and enjoy an improved capital markets profile, underpinned by a healthy balance sheet and strong cash flow capabilities to support a sustainable dividend,” de Montessus said in Monday’s statement.

Endeavour is offering 0.47 of its own shares per Teranga share. That means existing Endeavour and Teranga shareholders will own approximately 66 per cent and 34 per cent, respectively, of the combined company.

La Mancha, the vehicle which Sawiris holds his stake in Endeavour, will invest a further US$200 million into the combined company, leaving it with a 19 per cent stake. Teranga’s biggest shareholders, including Barrick, support the deal.

A successful deal would extend a years-long transformation by Endeavour, which has replaced high-cost mines with two new flagship projects that produce more gold and will operate for much longer. Teranga has assets in Senegal, Burkina Faso and Ivory Coast, including the Massawa project it bought from Barrick.

The deal is expected to close in the first quarter of 2021.