Akobo Minerals AB (Euronext & FRA: AKOBO, OTCQX: AKOBF), a Scandinavian-based gold exploration and mining company, has officially inaugurated its Segele mine in Ethiopia, marking a significant milestone for both the company and the local economy. The ceremony was graced by Ethiopian Prime Minister Abiy Ahmed, who participated in a symbolic gold pour that yielded an impressive 6.5 kilograms, showcasing the mine’s high-grade ore and production capabilities.
The inauguration event brought together key dignitaries, including Gambella Region President Alemitu Umod and Minister of Mines Habtamu Tegegne, along with Akobo Minerals staff. During the event, Prime Minister Abiy Ahmed emphasized the transformative potential of the Segele mine, highlighting its role in Ethiopia’s economic diversification and its positive impact on local communities. He stated, “The Segele mine is a testament to Ethiopia’s vast potential in the mining sector and the importance of international partnerships to realize this potential.”
Akobo Minerals CEO Jørgen Evjen expressed his gratitude to all stakeholders involved in bringing the project to fruition. “The inauguration of the Segele mine is a defining moment for Akobo Minerals. This project is the result of years of dedication, collaboration, and innovation,” he remarked. Evjen acknowledged the support from the Ethiopian government and local communities, which has been instrumental in achieving this milestone.
Gambella Region President Alemitu Umod also spoke at the event, emphasizing the regional benefits of the mine. She noted that it would create jobs, improve infrastructure, and enhance opportunities for local residents. Umod thanked Akobo Minerals for its commitment to regional growth and development.
The Segele mine is strategically located in the Gambella region and is poised to make a substantial contribution to Ethiopia’s gold production and export revenues. With an inferred and indicated mineral resource of 68,000 ounces and an exceptional gold grade of 22.7 grams per ton, the mine has significant potential for future resource estimates and extended operational life.
Akobo Minerals has invested heavily not only in mining operations but also in community development initiatives. These include local job creation, educational support, healthcare improvements, and infrastructure enhancements aimed at ensuring long-term success and positive impacts on surrounding communities.
As a company with over 14 years of experience in Ethiopian gold exploration, Akobo Minerals is well-positioned to become a major player in the region’s mining industry. The firm operates under strict environmental, social, and governance (ESG) principles, maintaining strong relationships with local communities and government authorities. With its unwavering commitment to ethical practices and community engagement, Akobo Minerals is poised to play a pivotal role in advancing Ethiopia’s mining sector while fostering sustainable development within local communities.
