AXMIN Inc V.AXM.H

Alternate Symbol(s): AXMIF

Metals & Mining Gold

AXMIN Inc. is a Canadian exploration and development company with a focus on Central and West Africa. The Company, through its wholly owned subsidiaries, has exploration projects in the Central African Republic (CAR) and Senegal. The Company’s primary asset is the Passendro Gold Project situated in the CAR. It holds a 100% interest in the Bambari properties, which consists of a mining license (355 square kilometers) and two exploration licenses, Bambari 1 and 2 (1,240 square kilometers). The Passendro Gold Project is situated in the center of the mining license, which is ring-fenced by the two Bambari exploration licenses. The Company, through its joint venture partner and manager, Sabodala Mining Company SARL (SMC) owns approximately 20% interest in Sounkounkou, Heremokono and Sabodala NW exploration licenses (the Project) located in the Birimian belt of eastern Senegal. The Company's subsidiaries include AXMIN Limited (BVI), Aurafrique SARL (CAR), SOMIO Toungou SA (CAR), and others.

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AXMIN Inc

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Comment by sgandzaon Jan 07, 2013 4:53pm

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Post# 20807289

RE: RE: RE: More on WSA deal

Joe - I don't think there will be a new government - especially with South African troops there now. The UN is now paying attention to this country - and the UN believes that peace will come through increased prosperity. The best way to do that is to create jobs for people, and the best way to do that is build a strong industry that can support itself - in this case natural resources are the quickest way. Ultimately they need private money, and that wont come if that money thinks the rules will change. I have said from day one, it is in the best interests of everyone (from a socioeconomic standpoint) that this mine is built. The WSA is a UN agency, and I wouldn't be surprised if this is a way to start that process. Like Sven said, there isn't another resources project that can bring jobs fast.

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