[ad_1]
(Kitco News) – Akobo Minerals, a Norway-based gold exploration and development company, today announced that it has applied for a large-scale gold mining license in Ethiopia.
The company said that after more than 10 years of exploration work, an application was submitted in close dialogue with the Ministry of Mines and Petroleum.
Akobo added that ongoing successful drilling and a high-grade mineral resource from Segele supports its view that mining will be an important and integral part of the company’s future.
The Minister of Mines Takele Uma said, “We are cooperating with Etno Mining/Akobo Minerals to finalize the mining license next week, the first week of the Ethiopian New year. Etno Mining has worked relentlessly since the beginning of its exploration activities.”
The mining license area applied for covers a large part of the existing exploration license. A large-scale mining license is normally granted for an initial period of 20 years, then for an additional 10 years, Akobo explained in its statement.
The company said that with the grant of the mining license, it will secure a long-term operation for the next 20 years and the opportunity to continue exploration work as it starts preparations for mining operations.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
[ad_2]
Source link