Gov’t To Discuss Future Of Obuasi With Anglogold

Obuasi MineThe government will today hold discussions with management of AngloGold Ashanti on the future of the Obuasi mine.

Briefing the press after a two-day working visit to the mine at obuasi, the Minister of Lands and Natural Resources, Alhaji Inusah Fuseini said the meeting would assist both parties to know whatever intervention the mine needed from the government to address its challenges.

The minister, accompanied by seven officials from the ministry, visited the mine to know at first-hand the myriad of challenges facing it.

Alhaji Fuseini said the Obuasi mine had tremendous potential and that all efforts should be made to make the mine profitable.

He said: “It is an important mine in the country contributing to the improvement of communities and the nation at large.”

The minister, however, said the Obuasi mine needed to be restrategised to help address the production challenges it was facing since the mine was not posting profit in its operations.

Alhaji Fuseini said illegal mining activities posed huge problems to the environment with many water bodies being polluted, adding “unplanned and unregulated small scale mining is like armed robbery”.

He said the government was committed to fighting the menace in the mining industry to bring sanity.

Mr Macombe, Senior Vice President of Anglogold Ashanti, admitted that the mine was facing challenges including decline in production.

He said today’s meeting would consider a number of options to improve the situation in the mine which had potential mine-life of over 20 years.

The Obuasi Gold Mine is an open-pit and underground gold mine situated near Obuasi in the Adansi North District of Ashanti Region of Ghana.

In 2008, AngloGold Ashanti’s Ghana operations, consisting of Obuasi and the Iduapriem Gold Mine, contributed 11% to the company’s annual production.

Both mines became part of AngloGold Ashanti when AngloGold merged with the Ashanti Goldfields Corporation in 2004. —GNA

 

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