President Nana Addo Dankwa Akufo-Addo has announced plans to redevelop and expand the country’s oldest gold mine at Obuasi in the Ashanti Region.
He said the lost-making mine, which was shut down in 2014, by its owners, AngloGold Ashanti, would be revived under his administration to become a profit making entity.
President Akufo-Addo said this when a delegation from the Adansi Traditional Council called on him at his office in Accra yesterday.
He said the Chief Executive Officer of Randgold Resources, Mark Bristow, had expressed interest in the mine and had promised to submit a proposal on the redevelopment of the mine to the government for further discussions.
Randgold Resources, a British multinational gold mining company,in September 2015, announced a potential joint venture with AngloGold Ashanti to reopen and expand the Obuasi mine. The company said it would fund and lead a plan to modernise the mine.
However, Randgold later abandoned the plan to redevelop the mine, which has some 5m ounces of gold reserves below ground.
President Akufo-Addo told the delegation that the redevelopment of the mine was a major task which would be fulfilled by his government and promised to consider all available options to get the mine working again.
“We have oil now but cocoa and gold had kept the country going for decades. We will continue to protect all our resources for the benefit of all Ghanaians.”
“We did not seek the mandate of the people for nothing. We are not here to fold our arms and do nothing. We will work hard to improve the living condition of Ghanaians,” he said.
The President promised to manage the economy well with his team of ministers to create jobs and improve the wellbeing of citizens.
He thanked the chiefs and people of Adansi for their overwhelming support they gave him during last year’s election and promised to fulfill all the promises he made to them.
The Adansihene, Opagyakotwere Bonsra Afriyie II, commended the President for his victory and appealed to him to work to improve the standard of living in the country.
“We know the government has good intentions and we will help the President to succeed. There are seven divisions in Adansi and we shall all support him,” he said.
He appealed to the government to fulfil his promise to redevelop the Obuasi Mine and all the various promises he made to the people and added that the chiefs would make lands available for the government’s one-district, one-factory policy.
By Yaw Kyei