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Akobo’s Segele in Ethiopia is WhyAfrica’s Pick Of The Week

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Akobo’s Segele in Ethiopia is WhyAfrica’s Pick Of The Week
Drill core at Akobo Mineral’s Segele gold project in Ethiopia. Image credit: Akobo Minerals

Akobo’s Segele in Ethiopia is WhyAfrica’s Pick Of The Week

Akobo Minerals is making excellent progress at their Segele gold project.

By Leon Louw owner of WhyAfrica and editor of the WhyAfrica magazine 

Scandinavian based Akobo Minerals holds an exploration license covering 182 square kilometres and a mining license covering 16 square kilometres in the Gambela region and Dima Woreda, Ethiopia.

Akobo has been on the ground in Ethiopia for more than 13 years. Its Segele mine has an Inferred and Indicated Mineral Resource of 68,000 ounces, yielding a world-class gold grade of 22.7 g/ton.

“Still open to depth, the gold mineralised zone continues to expand and will have a positive impact on future resource estimates and the life expectancy of the mine. The exploration license holds numerous promising exploration resource-building prospects in both the vicinity of Segele and in the wider license area,” says Jørgen Evjen, CEO, Akobo Minerals.

As one of the first movers in Ethiopia, Akobo is well positioned to become a major player in the future development of a very promising Ethiopian mining industry.

The government of Ethiopia and in particular the Ministry of Mines (MoM) has done a lot to improve aspects such as infrastructure and ironing out logistical challenges, which hampered the supply chain for companies like Akobo.

Diesel supply was a significant challenge for companies operating in Ethiopia earlier this year, while import procedures at customs resulted in substantial delays. It seems that these challenges have been addressed and companies like Akobo Minerals operating in the remote regions of Ethiopia has turned its supply chain system around.

Akobo says in a recent report that it is now able to import goods from around the world at much improved lead times.

Akobo’s Segele in Ethiopia is WhyAfrica’s Pick Of The Week
Siyathembana is a bronze sponsor of the 2024 WhyAfrica Road Trip

Akobo’s progress on site (Akobo’s Segele in Ethiopia is WhyAfrica’s Pick Of The Week)

Operationally Akobo is rapidly advancing towards proceeding stage by next month. Until now the company has done the following:

  • Completed the Tailings Storage Facility (TSF), diesel infrastructure, electrical work, and piping
  • Phased commissioning initiated at site in collaboration with Universal Power Africa and Solo Resources
  • Successful synchronisation, testing and operation of all generators
  • Mills, conveyer belts and crushers commissioned and running

Strategic achievements (Akobo’s Segele in Ethiopia is WhyAfrica’s Pick Of The Week).

According to Evjen Akobo has engaged DRA Global to optimise mine and processing plant operations. The company has also put in place partnerships with third party procurement enterprises Airland Logistics and DRA Global.

The company has further been awarded licenses for independent fuel sourcing and transportation, bolstered by a direct agreement with the Ethiopian National Oil Company.

Akobo’s Segele in Ethiopia is WhyAfrica’s Pick Of The Week

Akobo’s Segele in Ethiopia is WhyAfrica’s Pick Of The Week
If you want to be part of the WhyAfrica story e-mail leon@whyafrica.co.za

 

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