OSLO, NORWAY: Akobo Minerals has carried out a ceremony to put the basis stone for its Segele mine in Ethiopia. This marks the begin of the company’s subsequent phase towards mining and gold production.
Initial manufacturing is anticipated to commence by the finish of 2022, ramping-up into 2023. Once fully operational, the corporate estimates an annual manufacturing at Segele of round 45,000 ounces of gold. Over time, this can increase relying on future discoveries and upgrades of the processing plant.
Akobo Minerals’ long-term goal is the invention of 1.5- 2 million ounces of gold. According to the JORC standard that the corporate reports by, the corporate can solely state the estimated volume, and by no means the possible gross sales worth of the gold. At the present second gold trades round 1,970 USD per ounce.
Present on the ceremony were Minister of Mining, Takele Uma, President of the Gambella region, Omod Ojulu, members of parliament and different representatives from the Gambella regions, in addition to staff and friends.
The significant attendance shows solid native and nationwide support for the project and, together with the company, they’ve excessive expectations for the nice success of the project.
In his speech on the ceremony, Jørgen Evjen, CEO of Akobo Minerals, said: “I really feel honoured, privileged and proud to be right here today. Honoured to see you all right here participating on this ceremony; privileged to have had the chance to work with Akobo Minerals for so many years; and proud of everything we have achieved.
I am particularly happy with the efforts of our staff and supporters who’ve made this possible. It has not always been easy, however we have by no means given up. We listen, we discover solutions, we take motion and we set goals. We have created relationships, however additionally partnerships. We believe in a native and nationwide presence.”
He added: “We adhere to worldwide requirements and ethics in any respect times, and we aim to become the main exploration and mining firm in Ethiopia within the approaching years. This is simply the begin for us. And last, however not least, I need to convey particular thanks to the Minister of Mining, Takele Uma, for his leadership, visions and religion within the project.”
With the support and cooperation of the federal authorities and native authorities, good progress is being made. Akobo Minerals has lengthy stated that it’s moving from a pure exploration firm to commencing mining. The newest reports leave little doubt that there’ll now be a significant mining in Segele for Akobo Minerals within the close to future.
www.akobominerals.com