https://newsletter.mw.creamermedia.com
Africa|Construction|Electrical|Exploration|Generators|Gold|Infrastructure|Mining|Power|Resources|Storage|Testing|Infrastructure
Africa|Construction|Electrical|Exploration|Generators|Gold|Infrastructure|Mining|Power|Resources|Storage|Testing|Infrastructure
africa|construction|electrical|exploration|generators|gold|infrastructure|mining|power|resources|storage|testing|infrastructure

Akobo completes processing plant, starts commissioning in Ethiopia

27th June 2024

By: Darren Parker

Creamer Media Senior Contributing Editor Online

     

Font size: - +

Scandinavia-based gold exploration and mining company Akobo Minerals has successfully completed the construction of its processing plant and has started commissioning activities at its operation in Ethiopia.

The company currently holds an extensive exploration licence encompassing 182 km2 and a 16 km2 mining licence with an active mining operation in the Gambela region and Dima Woreda, Ethiopia.

The company has confirmed the completion of a tailings storage facility, as well as the necessary diesel infrastructure, electrical work and piping.

Phased commissioning has been initiated at the site in collaboration with Universal Power Africa and Solo Resources, while the synchronisation, testing and operation of all generators has been successfully carried out.

The mill has also been commissioned and is now running, with the conveyer belts and crusher in process. Cold commissioning is expected to continue to the middle of July, with the first material to enter the plant from the middle to the end of July. First low-grade ore production is expected to start at the end of next month.

Going forward, an office and laboratory will still need to be built on site.

Akobo said advancement towards low-grade gold processing would occur in July, with gold ore expected to be reached in Eastern Winze shortly.

The company said its updated mine plan forecasts $20-million revenue in the early months of full production and a $9-million improvement in earnings before interest, taxes, depreciation and amortisation within the first 12 months.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.253 0.332s - 144pq - 2rq
Subscribe Now