Visible gold in core samples Visible gold in core samples

Akobo Minerals

is a gold exploration company focusing on projects along the Akobo river in southwestern Ethiopia, a prolific area with extensive alluvial gold production. Our story starts in 2009 with the launch of alluvial production as well as exploration in the Akobo area. The initial alluvial mining continued until 2013 when the decision was taken to focus on exploration rather than production. Since then Akobo Minerals has been a pure exploration company and our team has gathered extensive data from the area. Extensive and successful drill programs have been planned and started.


Competent Person’s Report

The Akobo gold project is located in southwestern Ethiopia, south of the Akobo River, roughly 720 km SW from the Ethiopian capital Addis Ababa. The project area currently covers 182 km2 of highly prospective geology within to the Arabian-Nubian Shield. The area is considered as lowland by Ethiopian standards, the elevation varies between 600 and 800 meter above sea level and is made up of a gently rolling savanna landscape.

Between 2010 and 2017 more than 4000 soil samples have been collected and analyzed, 7.5 line kilometers of trenching has been completed and over 3000m of reverse circulation drilling has been performed. This has led to the successful identification of two main targets Segele and Joru. Additionally, numerous smaller targets have been identified based on soil-sampling, only two of these smaller targets have been investigated by trenching and drilling. The two main targets exhibit remarkable differences in style of mineralization, inherent variability grades and size.

To find out more about our exploration field work, read the whole Competent Person’s Report here.


Corporate social responsibility

We support the local community.



We maintain an excellent relationship with the local community by following high international standards on corporate governance and social responsibility.


We are developing several local initiatives in order to achieve a good working relationship with the local community and population.


We seek to comply with Scandinavian corporate governance standards, including the proper direction and control of all activities.

Do you want to read an article about the Akobo project from

Meet the team

People of behind work

Jørgen Evjen
Jørgen Evjen


Morten Often
Morten Often

Head of Operations and Chief Geologist

Befekadu Balcha
Befekadu Balcha

General Manager Ethiopia

Investors and Shareholders

We have more than 3.500 shareholders, whereof 80% of shares are held by Norwegian investors, 10 % by Ethiopian management and 10% are held by Swedish investors.


our story starts in


meters drills


meters trenches


samples analyzed

Latest news

From the Akobo Minerals

Resolutions passed at EGM 12-10-2020

Aktieägarna i Akobo Minerals AB (publ) (”Bolaget”) har den 12 oktober 2020 hållit extra bolagsstämma i Göteborg, varvid följande huvudsakliga beslut fattades. Stämman beslutade

Read More

New number of shares in Akobo Minerals after registration of directed share issue

Registrering av riktad nyemission hos Bolagsverket innebär nytt antal aktier i Akobo Minerals Akobo Minerals AB (publ) (”Bolaget”) meddelar att det totala antalet aktier ökat med 1 177

Read More

Do you want to work with us?

Let’s do something better together!