OSLO, 08 February 2023: Akobo Minerals (Euronext Oslo – “AKOBO”), the Scandinavian-based Ethiopian gold exploration and boutique mining company, today announces that it has won the prestigious 2023 ESG Nature award at Mining Indaba, Cape Town.
Mining Indaba is Africa's premier mining expo, and one of the largest mining events in the world. With over 15,000 attendees we are delighted to have been recognized on such a prestigious occasion
Jørgen Evjen, CEO of Akobo Minerals, said: “We are proud to have been recognized for our ESG efforts by winning this prestigious award for our ESG work by such an industry-respected organization. We understand that to be a successful company, ESG will always be at the heart of our activities at a community, country and global level and we are honored that Indaba has identified our program as meeting the highest standards in the mining industry.”
The 2023 Mining Indaba conference and exhibition will have an increased focus on ESG and sustainability issues. As ESG moves from strategy to implementation, the event will look at key issues such as ESG metrics, sustainable development goals (SDPs) and better community engagement.
Akobo Minerals is focused on delivering sustainable value for its employees, stakeholders and host communities, both now and into the future. The company believes that the protection of the health and wellbeing of staff employees, acting as a custodian of the local environment and being an advocate for sustainable economic empowerment in the Ethiopian host communities are both the right things to do and are a fundamental business imperative.
Akobo Minerals will be exhibiting at the Mining Indaba. Join the company on stand ES 22 to hear more about its activities as it gears up for commencing its Ethiopian gold production in early 2023.
For more information, contact:
Jørgen Evjen, CEO Akobo Minerals
Mob: +47 92 80 40 14
About Akobo Minerals
Akobo Minerals is a Scandinavia-based gold exploration and boutique mining company, currently holding an exploration license covering 182 km2 and with an ongoing mine development in the Gambela region and Dima Woreda, Ethiopia. The company has established itself as the leading gold exploration company in Ethiopia through more than 12 years of on-the-ground activity.
Akobo Minerals holds a 16 km2 mining license and is working to start up mining of its very promising Segele target. It has an Inferred and Indicated Mineral Resource yielding a world-class gold grade of 22.7 g/ton, combined with an estimated all-in sustaining cost (AISC) of 243 USD per ounce. Still open at depth, the gold mineralized zone continues to expand and will have a positive impact on future resource estimates and mine-life. The exploration license holds numerous promising exploration resource-building prospects in both the vicinity of Segele and in the wider license area.
Akobo Minerals has an excellent relationship with local communities all the way up to national authorities and it places environment, social and governance (ESG) at the heart of its activities – as demonstrated by an industry-leading community program.
Akobo Minerals has built a strong local foothold based upon the principles of sound ethics, transparency, and communication, and is ready to take on new opportunities and ventures as they arise. The company is uniquely positioned to become a major player in the future development of the very promising Ethiopian mining industry.
Akobo Minerals has a clear strategy aimed at building a portfolio of gold resources through high-impact exploration and mining, while adhering to a lean business operation. The company is headquartered in Oslo and is listed on the Euronext Growth Oslo Exchange under the ticker symbol AKOBO.
Akobo Minerals fully meets and complies with all parts of the JORC code, 2012. For further information, see https://www.jorc.org/