Axmin Inc (fka AXM.V)

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Ndassima mining case: an arbitration between the Central African Republic and Axmin will be held in Abidjan

https://www.rfi.fr/fr/afrique/20210920-dossier-minier-de-ndassima-un-arbitrage-entre-la-centrafrique-et-axmin-se-tiendra-%C3%A0-abidjan

Ndassima mining case: an arbitration between the Central African Republic and Axmin will be held in Abidjan

Published on : 09/20/2021 - 04:55

In the Central African Republic, the case concerning the mining permits of Ndassima, the only mines in the country known to be industrially exploitable, continues. The permit was withdrawn from the Canadian Axmin consortium at the end of 2019 because the authorities accused it of not having met the legal deadlines to start operations. Axmin opposes its inability to operate because of the security conditions and in particular the presence of armed men on the site.

It took several weeks for a date to be set. It is therefore on October 20 that the arbitration will be held between the Canadian junior Axmin and the Central African State. The meeting will take place in Abidjan. The mediator has been appointed but his identity is kept confidential. The objective is to find a way out of the crisis from this situation. But for the company Axmin, the goal is clear, it is to recover the two licenses withdrawn two years ago now. A withdrawal that she considers illegal.

Contacted the Minister of Mines did not wish to comment, specifying to prepare for the meeting at the end of October. Rufin Benam Beltungou, recently appointed to this post, was before that the advisor on natural resources to President Touadéra. In a note addressed to the Head of State, he advised at the time to " go back purely and simply on this decision to withdraw " considering that this decision lacks " legal basis ".