Your account has been succesfully created.

Subscribe now

CENTRAL AFRICAN REPUBLIC

Touadéra seeks compromise with Axmin over Ndassima goldmine

Central African President Faustin-Archange Touadéra. © Adrienne Surprenant/EFE/Newscom/MaxPPP

The Canadian mining firm and CAR have quietly begun talks to settle a dispute over the mine to avert costly arbitration. Moscow's shadow looms over the thorny case. [...] (534 words)

Issue dated 08/06/2021 Reading time 3 minutes

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

e-wallet

from EUR/USD 50

Only buy articles you are interested in

ANNUAL SUBSCRIPTION

Unlimited access to the website

See our rates

Choose the option that suits you best: Compare all of our offers!

Do you want a free trial before subscribing?

Create your free account

Do you want a free trial before subscribing?

create a free account

Mining

Set up email notifications for these topics

Aurafrique
Axmin
Constant Gouyomgbia Kongba-Zeze
Crepin Mboli-Goumba
Emile Bizon
Evgeni
Faustin-Archange Touadéra
Final Leandric Rabenatoandro
Flavien Mbata
International Chamber of Commerce
Jean-Paul Veketo
KGB
Laï Kamara
Léopold Mboli Fatran
Lobaye Invest
Lucy Yan
M-Finans
Midas Ressources
Prigozhin
Rufin Benam Beltoungou
Vladimir Kozhin
Wagner

Canada's Axmin sharpens its knives for Ndassima arbitration

After more than ten months of unsuccessful mediation between the CAR state and Axmin regarding the N'dassima gold mine, talks have reached an impasse.

CENTRAL AFRICAN REPUBLIC Mining 15/11/2021

Mediation set to continue over disputed Ndassima gold mine

The mediation that took place in Abidjan in October between the Central African government and the Canadian company Axmin over the Ndassima gold mine has been extended into January.

WEST AFRICA Mining 11/11/2021

Australian miners wary of Russian forays into West Africa

The Australian mining and petroleum community in West Africa is keeping a close eye on the growing Russian influence in the region.

CENTRAL AFRICAN REPUBLIC Mining 22/09/2021

After false start, fate of Ndassima mine could be settled in Abidjan on 25 October

The Ivorian economic capital will be the venue for an initial mediation over the Ndassima gold mine. Canadian firm Axmin is challenging Bangui's 2019 cancellation of its two licences there. Illustrating the tension between them, the two parties even had trouble agreeing on a date for the talks.

Russian businessman Yevgeny Prigozhin. © Sergei Ilnitsky/Pool/EPA/Newscom/MaxPPP

Spotlight

AFRICA Business 27/07/2021

Washington targets Wagner group coordinator Yevgeny Prigozhin's 'air force'

The US intelligence services have asked several African governments for help in halting the movements of private jets belonging to Russian businessman Yevgeny Prigozhin. A close associate of Vladimir Putin, he is a key figure in the Wagner group and has been targeted by US sanctions.

CENTRAL AFRICAN REPUBLIC RUSSIA Mining 14/07/2021

Bangui sparks fears of Russian hand in planned diamond trade nationalisation

The Central African Republic is preparing to overhaul its mining legislation. At the heart of the long-awaited reform is the creation of a controversial entity in control of all buying and selling of precious stones.

Ndassima gold mine near Djoubissi, north of Bambari, Central African Republic.

CENTRAL AFRICAN REPUBLIC RUSSIA Business 10/06/2021

PM Ngrebada flies in style aboard Prigozhin's jet

Despite Western concerns over Russia's growing influence in Bangui, the Central African leader had no qualms about taking the private jet of the oligarch Yevgeni Prigozhin to the recent Saint Petersburg business forum.

CAR Prime Minister Firmin Ngrebada at the Saint Petersburg Economic Forum, 3 June 2021.

CENTRAL AFRICAN REPUBLIC FRANCE Diplomacy 05/05/2021

Russia's presence further widens wedge in Paris-Bangui axis

Cuts to French aid, a freeze on military cooperation... relations between Paris and Bangui continue to cool. France suspects several of Touadéra's close advisors of waging anti-French campaigns while Russia is not far from the picture.

Central African President Faustin-Archange Touadéra and his Russian counterpart Vladimir Putin at the 2019 Russia-Africa summit in Sochi.

CENTRAL AFRICAN REPUBLIC Mining 04/05/2021

Comigem state counter still desperately awaiting privatisation

In March 2020, a decision was made to privatise the Central African Republic public gem buying office Comigem declared bankrupt years ago. A buyer was found but since then everything has gone quiet.

CENTRAL AFRICAN REPUBLIC RWANDA Business Diplomacy 07/04/2021

Kagame backs embattled Touadéra on all fronts

On top of diplomatic and military aid to the Central African Republic, Rwanda has quietly been placing its pawns in the country's mining sector and has its sights set on various infrastructure projects. This economic entryism is made possible by a handful of advisors close to the CAR president.

CENTRAL AFRICAN REPUBLIC Mining 06/01/2021

Set up email notifications for these topics

Aurafrique
Axmin
Constant Gouyomgbia Kongba-Zeze
Crepin Mboli-Goumba
Emile Bizon
Evgeni
Faustin-Archange Touadéra
Final Leandric Rabenatoandro
Flavien Mbata
International Chamber of Commerce
Jean-Paul Veketo
KGB
Laï Kamara
Léopold Mboli Fatran
Lobaye Invest
Lucy Yan
M-Finans
Midas Ressources
Prigozhin
Rufin Benam Beltoungou
Vladimir Kozhin
Wagner

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

Algerian secret services in survival mode in North Mali

As fight against M23 continues, Kigali and Kinshasa wage war of intelligence