19.10.2022

New Flyer prepared for bauma gives Overview of the new GeoResources Portal - Download

19.10.2022

Metso Outotec introduces complete Flotation Plant Units for maximized metallurgical Performance

Metso Outotec is introducing yet another innovative plant concept, Flotation Plant Units, to its unique minerals processing portfolio. The solution provides unparalleled metallurgical performance by seamlessly integrating functional design with a comprehensive scope, leading to high operational reliability and a fast return on investment. Compared to the traditional delivery, Flotation Plant Units result in the earliest time-to-volume.  

Market-Place-4.0 Akobo Minerals IW Mining Services

18.10.2022

Akobo Minerals starts Mine Development

Training on how to set up the drilling system (Credits: Akobo Minerals)

Akobo Minerals (Euronext Oslo – “AKOBO”), the Scandinavian-based Ethiopian gold exploration and boutique mining company, announced that its mining contractor IW Mining Pty (Ltd) has arrived at site.
Jørgen Evjen, CEO of Akobo Minerals, stated: “With the arrival of this highly experienced team, the moment of first ore extraction is getting closer. Mining of ore will be highly significant for us, our host communities and for the Ethiopian mining industry. We are very pleased with the partnership which we have developed with the IW Mining team which has overcome the inevitable hurdles which all mining companies face. We are ahead of schedule with fabrication of the processing plant which will be assembled at site in beginning of 2023, with gold production thereafter.”
Key points

• One of the founders of IW Mining has arrived at site with a dedicated South African team with decades of experience in underground mining
• IW Mining has begun their work to recruit an Ethiopian team, which will grow progressively as the project advances through the various stages of mining
• Surface preparation to begin within days, leading to underground mine access development in December

Shipment of the equipment and consumables needed for underground mining is underway and expected to arrive soon. Surface mining operations will begin within days using equipment already available, which will allow for preparation of three portals through which the incline shafts and winzes will be operated. Akobo Mining’s mining consultants have completed a geotechnical study of the portal area to help plan the support needed for efficient and safe operation.

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.

#Ethiopia (ET) #gold #Africa #Akobo Minerals #IW Mining Services #Mining #underground mining #Mining services #exploration #specialist mining contracting

                     

17.10.2022

The City of Fribourg supplements Rockfall Protection with Remote Monitoring

The city of Fribourg secures various roads that lie below rock faces with rockfall protection barriers. To monitor the condition of these barriers, it is installing 16 GUARD monitoring devices. With the new safety concept, the city can effectively and specifically protect the routes that are well used by local recreationists.  

12.10.2022

SMT Scharf AG expects Revenue and Earnings in 2022 to exceed the Year before

• Revenue and earnings in financial year 2022 likely to exceed current market expectations
• Business in core international markets is developing better than expected