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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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AngloGold Ashanti raises alarm over interference by illegal miners

bycitibusinessnews
April 11, 2016
in Business, Mining, Top Stories
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AngloGold Ashanti Ghana (AGA), has bemoaned the interference of illegal miners in the operations of the security detailed to protect the company’s Obuasi mine.

[contextly_sidebar id=”LJA4Jd8FquxpA0prTfB85QN1TtjhTgjL”]The company fears its mining site will be irreparably damaged if efforts are not stepped up to control the illegal miners.

Citi Business News understands military personnel assigned to the mining site are only directed to protect the sub entrances to the underground mine.

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The military is expected to discontinue the flashing out of the illegal miners. Newly appointed General Manager & Managing Director of AngloGold Ashanti Obuasi Mine, Eric Asubongteng explained,

“The military men carried themselves professionally and made the progress without any incident. Unfortunately, there has been some interference. We do not know where it is coming from as the military’s work has been interfered twice.”

“As we speak right now, the military is on order to only man sub entrances of our mine. Even the areas that the military cleared within four days of their arrival, the illegal miners have gone back there as the military has retreated.” He further stated.

Government ordered the return of the military to the site mid last month to clear illegal small scale miners who had taken over parts of the mining giant’s underground concession.

This also followed clashes between the illegal miners and staff of AngloGold Ashanti, leading to the death of one of its top managers.

AngloGold subsequently suspended its operations at the mine providing only essential services.

Eric Asubongteng further expressed worry about the company’s inability to continue supplying critical services to the Obuasi Mine and to local communities.

“Instead of AngloGold Ashanti spending the time and resources it has at the moment to try to restore the status quo, we rather want to be using the time to be bringing the mine back on its feet so that it can employ the thousands of the employees it had while creating jobs for the people in Obuasi and Ghana at large.” stated.

–

By: Norvan Acquah – Hayford/citibusinessnews.com/Ghana

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