Axmin Delays Mine as War in Central African Republic Resumes
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Axmin Inc., a Canadian gold explorer, delayed plans to open a mine in the Central African Republic by at least a year as rebel fighters started a push toward the capital, Bangui.
Progress in securing financing for the Passendro Gold project near Bambari, about 280 kilometers (174 miles) northeast of Bangui, stalled after the insurgents overran the site last month, said Chief Executive Officer George Roach. The government and rebels are scheduled to hold peace talks Jan. 10 in Gabon.