Akobo Minerals has announced that the Ethiopian Council of Ministers has accepted its Large Scale Mining Licence application.
The application was developed in close dialogue with the Ministry of Mines and Petroleum, with whom the company intends to continue its successful partnership.
The success of this process gives Akobo Minerals great confidence to bring forward mining plans for the high-grade Segele gold mineralisation. The future Segele Mine will a be positive development for Ethiopia and the community near the project.
The final stage in the process is the signing of a Mining Agreement, which is scheduled for the end of September. Upon signing Akobo Minerals will release more information covering key clauses.