Akobo Minerals AB (DE:643) has released an update.
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Akobo Minerals AB, a Scandinavian-based Ethiopian gold exploration and mining company, has successfully completed the construction of its processing and begun commissioning activities, with significant advancements including the initiation of low-grade gold processing. Strategic partnerships and a supportive governmental environment have facilitated these developments, positioning the company for substantial revenue and EBITDA growth in the near term. The company also emphasizes its commitment to ESG principles and local community engagement as it continues to grow its presence in the Ethiopian mining sector.
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