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“Central to our alliance is the profound alignment of MKS PAMP’s core values with our own. Every stride in our gold exploration and mining odyssey is meticulously undertaken while upholding the pinnacles of ethics and transparency, serving as an integral facet of our lauded ESG program. Over the annals of time, MKS PAMP has consistently showcased an unwavering dedication to upholding identical ethical and transparent benchmarks within its operations, rendering it a symbiotic fit for our shared ambitions. I am ardently enthused by the prospect of nurturing an enduring and robust rapport in the years that lie ahead.”
Chief Executive Officer,
Akobo Minerals AB.
Akobo Minerals AB, the distinguished Scandinavian-based Ethiopian enterprise specializing in gold exploration and boutique mining endeavors, has unveiled a momentous alliance by formally entering into a strategic accord with MKS PAMP. This prestigious partnership involves a spectrum of gold refinery-related services. MKS PAMP, an esteemed player in the realm of precious metals, operates autonomously as a refining and fabricating entity within the illustrious MKS PAMP GROUP.
With this alliance, MKS PAMP is poised to orchestrate comprehensive and turnkey refining solutions for Akobo Minerals. This intricate process begins with the collection of doré, a semi-pure gold alloy material emanating from Akobo Minerals’ mine situated in the picturesque landscapes of southwest Ethiopia. MKS PAMP will meticulously oversee the seamless transportation of this precious material through the bustling thoroughfares of Addis Ababa, navigating its journey to the pinnacle of its purification at the renowned MKS PAMP refinery nestled in the Swiss heartlands. The gamut of MKS PAMP’s offerings extends beyond refining to encompass essential services such as assaying, hedging, and the global distribution of meticulously crafted metal bars, catering to clients spanning the globe.
The choice of MKS PAMP as the strategic partner was no trivial matter for Akobo Minerals. It was underpinned by MKS PAMP’s unwavering commitment to the triad of Environmental, Social, and Governance (ESG) principles. Among a plethora of refineries, MKS PAMP stood out as an exemplar, being the solitary establishment earnestly dedicated to diminishing its carbon footprint. This steadfast commitment has gained the imprimatur of the Science-Based Targets initiative (SBTi), an independent entity that has verified and attested to MKS PAMP’s ecological pledge.
Jørgen Evjen, the astute CEO of Akobo Minerals, voiced his elation at the newly forged partnership, deeming it a pivotal piece in the unfolding mosaic of Akobo Minerals’ journey toward production. As the organization sets its sights on the imminent production from the venerable Segele mine, the felicity of securing a partner of MKS PAMP’s stature to shepherd their gold from source to the global market cannot be overstated. This affiliation stands as a resounding endorsement, emanating from one of the most esteemed LBMA-approved refineries across the globe.
He further articulated, “Central to our alliance is the profound alignment of MKS PAMP’s core values with our own. Every stride in our gold exploration and mining odyssey is meticulously undertaken while upholding the pinnacles of ethics and transparency, serving as an integral facet of our lauded ESG program. Over the annals of time, MKS PAMP has consistently showcased an unwavering dedication to upholding identical ethical and transparent benchmarks within its operations, rendering it a symbiotic fit for our shared ambitions. I am ardently enthused by the prospect of nurturing an enduring and robust rapport in the years that lie ahead.”
Marwan Shakarchi, the sagacious CEO at MKS PAMP, supplemented this discourse by conveying his satisfaction in contributing to Akobo Minerals’ ESG trajectory, lauding their steadfast commitment to ethical boutique gold mining endeavors in the Ethiopian landscape. In selecting Akobo Minerals as a collaborative ally, MKS PAMP resonates with their own ethos of fostering synergies with entities that foreground ESG considerations.
An additional instrumental catalyst for Akobo Minerals’ inclination toward partnering with MKS PAMP is the latter’s Provenance program. A novel traceability solution, Provenance leverages blockchain technology to meticulously trace precious metals as they traverse the intricate tapestry of the supply chain. This revolutionary endeavor ensures the sanctity of responsible sourcing on a global scale. As the global demand for ethically sourced gold surges, Akobo Minerals positions itself as a vanguard of conscientiousness, expending considerable efforts to harvest ethical gold from its unique Segele gold reservoir.
In the wake of this momentous union, Akobo Minerals is poised to entrust its invaluable material to MKS PAMP, one of the trifecta of “Approved Good Delivery Referees” acknowledged by both the venerable London Bullion Market Association (LBMA) and the distinguished London Platinum and Palladium Market (LPPM). This distinction signifies MKS PAMP’s pivotal role in the quality assurance mechanisms stipulated by LBMA for the global bullion trading community.
A hallowed LBMA accreditation designates a precious metals refinery’s adherence to exacting standards, having been vetted and endorsed by the London Bullion Market Association, the paramount trade association encompassing the global over the counter (OTC) arena for gold and silver bullion. LBMA-accredited refineries are held to the strictest benchmarks of quality and integrity, pivotal to the production of good delivery bars, universally recognized and accepted across the global bullion landscape. This acclaim obliges these refineries to subject themselves to periodic audits and inspections, ensuring the perpetual maintenance of their esteemed accreditation.