Akobo Minerals issued temporary gold mining permit

Akobo Minerals issued temporary gold mining permit

Akobo Minerals have been issued a temporary gold mining license by the government of Ethiopia. The company is a gold exploration company focusing on projects along the Akobo river in southwestern Ethiopia, a prolific area with extensive alluvial gold production.

Akobo was first granted a license to explore gold in the Akobo region in 2010. The company, headquartered in Sweden, has been doing exploration work since then. With the license it is issued to extract gold, it will be launching its gold mining in partnership with two Zimbabwe based companies, Peacock and Simpsons.

Metallurgical test work

The gold explorer has awarded the metallurgical test work contract at its Segele project, in Ethiopia, to Zimbabwean mineral processing companies. This, the company said on August 30, is an important step in preparations to start mining at the project and involves a series of laboratory tests to determine which series of equipment will most efficiently extract the gold from the mineralisation.

Akobo explained that the nature of gold deposits varies greatly in their complexity and that each deposit required the extraction equipment to be carefully selected. It has so far extracted 200 kilograms of gold, which is said to be shipped to Peacock and Simpsons for experimentation. Test work results are expected within weeks, and will result in a detailed plant design. After the test work, Akobo will advance immediately to plant design.

CEO Jørgen Evjen said the metallurgical test work forms a critical part of prefeasibility studies and that the miner is accelerating mining studies ahead of schedule.



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