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AngloGold Ashanti, Obuasi Mine is Back!

AngloGold Ashanti, Obuasi Mine has been officially reopened after four years of limited operation. The reopening ceremony was attended by dignitaries and stakeholders including the President of the Republic of Ghana, Nana Addo Dankwa Akuffo Addo and the Asantehene, Otumfo Osei Tutu II.

Speaking at the event, Eric Asubonteng, Managing Director of the Obuasi Mine said the reopening is a “new beginning of the Mine”.

Addressing the Chiefs and people of Obuasi, on Tuesday, 22nd January, 2019, President Akufo-Addo noted that upon his assumption of office, a series of discussions and negotiations took place, the end-result being the re-development project of the Obuasi mine.

“In order to help Anglogold Ashanti secure the needed investment for this project, Government had to provide a number of fiscal incentives, and guarantee the stability of the project against changes in the legal environment, especially in the early years of the mine’s operations,” he said.

AngloGold Ashanti is operating on a concession area of 201 km2 since 2016. It initially had a concession of 475 km2 until it relinquished 60 percent to the government of Ghana. The Obuasi Mine has been in operation since 1897. It has 63 communities within its concession including one Municipal Authority and four District Assemblies in five Traditional Stool lands.

There were crisis between AngloGold Ashanti and illegal miners in 2016 which necessitated the need for government to bring in security reinforcement to boost the private security agencies already contracted by the mine. Attempts by illegal miners to intrude the working areas of AngloGold Ashanti have been a fight the Mine has been indulging for many years.

AngloGold Ashanti has started operations after almost five years of suspending underground mining. Since the merger between AngloGold and Ashanti Goldfields in 2004 which brought about the birth of AngloGold Ashanti, the Mine has pumped in $1.2Billion in capital investment.

The Mine is expected to provide jobs for 2500 people.

 

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