Akobo appoints South African company as mining contractor for Ethiopia mine
Scandinavia-based gold exploration and boutique mining company Akobo Minerals has reached an agreement with South African company IW Mining to operate the underground mine at Segele, in Ethiopia.
IW Mining is a highly experienced mining contractor with years of underground mining experience in the South African mining arena, Akobo says.
This fundamental agreement secures Akobo access to personnel and competence for mining of the Segele gold ore.
Mining is expected to start in October, with first gold extraction to begin in the first quarter of 2023. Full production is expected to be reached by the end of the second quarter of 2023.
In line with Akobo’s environmental, social and governance (ESG) guidelines, IW Mining will recruit and train Ethiopian personnel to work at the Segele mine.
Akobo says considerable planning and preparation have been undertaken together with IW Mining for the last few months ahead of the signing of the agreement.
Sourcing of mining equipment has already begun and first shipments are to be dispatched imminently. IW Mining will mobilise an experienced mining team from South Africa that will travel to Segele within weeks.
Akobo is now ramping up activities in all areas for preparation of mining operations.
With the newly secured convertible loan and signing of Solo Resources on plant design and production in May, all tasks are said to be on track.
Solo Resources has already completed design work, and the process plant is now under fabrication and deliveries of the parts will begin shortly.
The final project funding is also moving forward with several positive dialogues ongoing.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.
VISIT SHOWROOM
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
