Akobo Minerals AB, the Scandinavian-based gold producer operating in Ethiopia, provides an operational update for May 2026.
Prospect drive 4 before blasting and after continued blasting, with visible build-up of blasted material in the drive. Image Credit: Akobo Minerals AB
Following the fuel supply disruptions that temporarily impacted operations during April, key activities progressively resumed during May as diesel availability improved. This enabled a phased restart of mining, processing and development activities. By the end of May, operations had largely returned to normal levels, and the company entered June on a business-as-usual basis.
The company currently maintains sufficient fuel inventories on site, with additional deliveries in transit to support ongoing operations. While fuel availability has stabilized, regional supply constraints may still affect future deliveries, and the company continues to monitor the situation closely.
Key Highlights
- Gold production in May: 0 kg (processing of newly mined ore will commence in June)
- Cumulative doré production to date: approx. 124 kg
- Stockpile of lower-grade material available for processing: approx. 300 tons
Mining Restart and Vertical Shaft Development Update
Mining activities resumed towards the end of May following successful dewatering of the underground workings.
Development of the vertical shaft continued in parallel. Following completion of the remaining collar works and advancement of the shaft into competent hard rock, blasting activities resumed during May. Shaft sinking is expected to accelerate as development now progresses below the collar section.
The operational disruption in April and early May resulted in a temporary loss of momentum. However, the site team managed the situation effectively, maintaining control of critical activities and minimizing the overall impact on production and development. With all core activities now fully resumed, the company entered June under normal operating conditions.
Shama Village Water Project
A small inauguration ceremony was held for the Shama village water project, providing access to clean and reliable freshwater for the nearest local village and surrounding community.
The project is expected to improve access to safe drinking water, reduce reliance on bottled water, and contribute to a reduction in associated plastic waste, with positive health and broader community benefits.