|This article came out May 7th 2018(as per their website) and clearly shows more proof of improvemnt in the Central African Republic.|
Why is this important? Because it adds stability, security and confidence throughout CAR, and also means that the support given by the CAR government, UN, AU, MINUSA, to Axmin is legit and there should be no reason why we can't get back to the Passendro claim later this year.
AFRICAN DEVELOPMENT BANK GROUP
CENTRAL AFRICAN REPUBLIC
SUPPLEMENTARY GRANT TO THE SUPPORT PROGRAMME FOR
RECONSTRUCTION OF GRASSROOTS COMMUNITIES-PHASE 1
General Overview: The Support Programme for Reconstruction of Grassroots Communities –
Phase 1 (PARCB-1) was designed for implementation in several phases and in various areas of
the Central African Republic, as their security conditions improve. PARCB-1, which covers
mainly the city of Bangui and its environs, was approved on 24 June 2015 to the tune of UA 15
million. The programme’s completion is set for 31 December 2019. PARCB-1’s mid-term
evaluation (end 2017) showed that it has yielded significant results that can contribute quickly to
reducing fragility and strengthening resilience in the project impact area.
While waiting for a second complete phase of PARCB, it was essential to consolidate and
strengthen the mid-term achievements of the first phase by replicating them in another locality, in
this case the city of Bambari (situated 385 km from Bangui), with regard particularly to the
component on “sustainable socio-professional reintegration of unemployed and out-of-school
youths”. Indeed, in accordance with CAR’s 2017-2021 National Peace Recovery and
Consolidation Plan (RCPCA), Bambari is currently a pilot area for reducing the spatial exclusion
affecting the hinterland. An investment plan on Bambari was adopted with the support of partners,
and international (MINUSCA) and national forces were deployed there to facilitate the
implementation of activities.
With an overall cost of UA 6.36 million, financing for the Supplementary Grant to PARCB-1,
which is part of this initiative, will contribute to strengthening sustainable livelihoods and social
cohesion for the direct benefit of a population of about 123,150 inhabitants in Bambari and its
environs, including 52% of women and 61% of mostly unemployed and out-of-school youths.
These efforts will supplement those already made by PARCB-1, which benefits 500,000 people
directly and 1,528,985 people indirectly (representing 32% of the CAR population), including
500,000 unemployed and out-of-school youths in Bangui and its environs.
Needs Assessment: The Supplementary Grant, which covers needs in terms of
construction/rehabilitation and equipping of grassroots socio-economic infrastructure in Bambari and
its environs (notably National Pioneer Youth (JPN) centres, the cattle market, the slaughter area, the
Teachers’ Training School (ENI), drinking water and sanitation infrastructure) for the benefit of the
population and income-generating activities for women. For the city of Bangui and its environs, the
Supplementary Grant will consolidate health- and food security-related actions, especially through
the operationalization of the youth entrepreneurship promotion centre and the hemodialysis centre,
and the development of a cattle market.
Value Added for the Bank: The CAR Government and other partners consider PARCB as an
excellent multi-sector programme model, which meets real needs for socio-economic recovery and
peacebuilding. The Supplementary Grant to PARCB-1 seeks to consolidate PARCB-1’s
achievements and duplicate its experience in Bambari, as part of the government initiative to support
spatial reduction. This programme is consistent with the Bank’s High 5s (H-5s) and Ten-Year
Strategy as well as the strategy to remedy fragility and strengthen resilience in Africa.
Knowledge Building: The approaches and methods experimented through sustainable socioprofessional
reintegration activities for unemployed and out-of-school youths, skills development in
technical education and vocational training, women’s empowerment activities, and awarenessraising
activities on social cohesion and change of attitudes in the programme, produced results and
need to be replicated in other regions of the country. The programme will ensure knowledge
ownership by beneficiaries through the participatory monitoring-evaluation system, which involves
them in all phases of its implementation. The programme also has a Monitoring and Coordination
Unit, a Steering Committee and a community consultation process.
| Reply to Jimjones1972 - Msg #6155 - 05/07/2018 13:53|
Axmin earns $1.2-million (U.S.) in 2017
2018-05-07 11:33 MT - News Release
Ms. Lucy Yan reports
CHAIRMAN PROVIDES AXMIN'S YEAR END 2017 FINANCIAL AND OPERATIONAL RESULTS
Axmin Inc. has released highlights from its audited annual financial statements for the year ended Dec. 31, 2017, which have been filed on SEDAR (amounts are in U.S. dollars).
-Revenue of $1.6 million (2016: $1 million);
-Net Income of $1.2 million (2016: loss of $0.25 million);
-Cash balance of $1.1 million (2016: $0.4 million);
-Revenue from NSR royalty with Teranga Gold Corporation ("Teranga") for the Gora Deposit has grown from $1 million in 2016 to $1.6 million in 2017. For the avoidance of doubt, at the moment only the Gora Deposit contributed the NSR royalty revenue of $1.6 million for the year 2017 to AXMIN.
-AXMIN staff are in discussions with Teranga regarding progress on developing other properties in which AXMIN has an interest.
-AXMIN holds an additional 16 target areas in conjunction with Teranga subject to future development with no further capital participation contribution required from AXMIN.
Central African Republic ("CAR")
-AXMIN is delighted to confirm that, on March 26, 2018, the Minister of Mining and Geology in the CAR issued an executive order No 073/18/MMG/DIRCAB/DGM ("Executive Order") to grant Somio Toungou an extension of the period of exemption from development and exploration under the Mining License for one (1) year, running from March 22, 2018 to March 21, 2019, relating to the Passendro Gold Project.
-By the Executive Order, Aurafrique also was granted a one (1) year extension, running from March 22, 2018 to March 21, 2019, of an exemption from exploration and research work on the Bambari 1 and 2 Exploration Permits.
-The situation in the CAR remains difficult, but AXMIN's in-country representative Mr. Boubacar Sidibe has recently visited Bambari and has met with the district commissioner, Prefect of Ouaka, Vice Mayor of Bambari, head of MINUSCA at Bakala, and representatives of the illegal miners who were at one time active on the Passendro Gold Project site. AXMIN is maintaining excellent relations at the regional level as well as at the central government level.
-AXMIN regrets the instability that has plagued the CAR but is confident that stability will return under the stewardship of the current government and looks forward to working with all stakeholders to develop a safe, rapid and profitable mining operation on the Company's mineral properties in the CAR.
Commenting on the 2017 annual results, Ms. Lucy Yan, AXMIN's Chairman, said: "During the past year of my tenure as Chairman, we are starting to see some positive developments in the CAR. We believe that the duly elected government working with MINUSCA will in time bring stability to the country and specifically to the region around Ndassima where our main asset is located. We have been in close communication with the senior ministers and officials of the governments both in Bangui and locally in Bambari and look forward to the time when we can reclaim the site to become operational again."
The Counsellor to the CAR President for Disarmament, Demobilization, Reinsertion and Repatriation ("DDRR") , Colonel Noel Bienvenu Selesson, wrote to AXMIN, "We thank you not only for the efforts made by your Company but also for the reaffirmation of its commitment and its determination to go to the operation. The DDRR process is evolving. After the successful completion of the DDRR/RSS Pilot project that ended on December 19, 2017, we are very actively preparing for the launch of the large DDRR. The provisions in this framework, will allow your Company to resume fairly quickly all its activities in the area as well as in the rest of the country."
The CAR Minister of Mining and Geology, Mr. Leopold Mboli Fatrane, also wrote to AXMIN, "... the Ndassima mine is one of the main projects on which the Government is setting out to revive the national economy. To this end, the Government and the Integrated Multidimensional Stabilization Mission of the United Nations in Central African Republic (MINUSCA) have already undertaken the restoration of the authority of the State in the Ouaka and its surroundings."
Mr. David Weill, lead independent director of AXMIN, commented, "Management has done a superb job during this time of adversity to firstly secure the financial situation of the company by strictly controlling costs and secondly develop the royalty revenue streams for the benefit of all shareholders. Management has also maintained an excellent relationship and ongoing dialogue with the government of the CAR so that, when the Company regains access to and control over the mining site, the Company may rapidly implement a pragmatic mining plan focusing on developing the extremely high-grade deposits that will provide operational security for our employees and contractors, require limited capital expenditures from the Company and hopefully achieve very profitable returns in a very timely fashion for our shareholders."
This press release should be read in conjunction with the Company's audited annual financial statements for the year ended December 31, 2017, together with its management's discussion and analysis for the year ended December 31, 2017, both of which are available from the Company's website and on SEDAR at www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00003164 .
AXMIN is a Canadian exploration and development company with a strong focus on central and West Africa. AXMIN is positioned to grow in value as it progresses its Passendro Gold Project towards development and builds on its project pipeline focusing on transitioning from an explorer to producer. For more information regarding AXMIN, visit our website at www.axmininc.com .
We seek Safe Harbor.
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