INFRASTRUCTURE

Akobo starts development at Segele

The company said that it would produce approximately 45,000 ounces of gold a year once the mine site

 Jørgen Evjen, chief executive officer of Akobo Minerals, lays stone at mine

Jørgen Evjen, chief executive officer of Akobo Minerals, lays stone at mine

Akobo Minerals, a Swedish, Africa-focused gold mining company, has laid the foundation stone at its under-construction prospective mining and gold production facility in Segele, Ethiopia.

The company said that it would produce approximately 45,000 ounces of gold a year once the mine site is fully operational.

It noted that future production rates might increase depending on future innovations and upgrades of the processing plant; the long-term goal is to produce between 1.5 - 2 million ounces of gold.

Akobo Minerals, traditionally a pure exploration company, will use the Segele mine site to launch its mining business, for which it was supported by the national government and local authorities. It said the latest studies and reports show there will be "significant" opportunities for mining in Segele in the near future.

Jørgen Evjen, chief executive officer of Akobo Minerals, said it aims to become the leading exploration and mining company in Ethiopia in the coming years.

In December 2021, Akobo Minerals acquired three second-hand Diamec 262 drill rigs, including spare parts, from Swedish drilling equipment manufacturer Protek Norr AB.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions