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Akobo Minerals renews license

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Global Mining Review,

Akobo Minerals has renewed its existing exploration license of 182 km2 in the Akobo region. This will secure a strong long-term position for both mining and exploration activities for the company.

The renewal came through many years of positive relationships with the Ministry of Mines, and is a result of Akobo’s continued efforts to develop and progress its in-country activities.

The renewal gives the company:

  • A three-year exploration period, plus yearly renewals of up to 10 years in total.
  • A solidified future presence in the Akobo project and removes any concerns regarding the license’s length.
  • The ability to think long-term around how to maximise exploration activities.
  • The freedom to drill and mine the best targets across the entire 182 km2 license area.

Jørgen Evjen, CEO of Akobo Minerals, stated: “The renewal of this license establishes a very strong long-term position for the company for both mining and exploration activities in the Akobo region. It ensures that we can secure additional highly prospective targets that we will be able to feed into our Segele processing plant for years to come.”

“Securing the license for an extended period is a much-appreciated sign of good faith in Akobo by Ethiopia’s Ministry of Mines and we thank them warmly for their ongoing support.”

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African mining news Gold mining news