Tag: Anglogold Ashanti
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AngloGold Ashanti on course to produce first gold from revamped Obuasi Mine by 2020
AngloGold Ashanti has said the company is on course to produce its first gold from the revamped Obuasi mine. The AngloGold Ashanti Obuasi mine was revamped in January this year after about four years of inactivity. Speaking to Citi Business News, Managing Director of AngloGold Ashanti, Eric Asubonteng said the move should help in retaining…
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Invest in Africa and AngloGold to enhance capacity of SMEs
Invest in Africa (IIA), a not for profit organisation, committed to creating prospering African economies, has been contracted by AngloGold Ashanti (Ghana) Limited (AGAG), to enhance capacities of 100 small and medium-sized enterprises (SMEs) in Obuasi. A statement from IAA said under the programme IIA would provide free business advisory support to selected businesses. …
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AngloGold Ashanti targets recruitment of over 2,000 workers for Obuasi mine
Mining giant, AngloGold Ashanti has revealed that it is planning to recruit about 2,500 workers following its resolve to resume full-scale operations at its Obuasi mine. The Managing Director of the company, Mr. Eric Asubonteng made this known at a Town Hall meeting organized by the mining giant with stakeholders in Obuasi. Mr. Eric Asubonteng…
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Ghana becomes Africa’s top gold producer
Ghana has become the largest gold producer in Africa, toppling South Africa in a recent data released by the World Bank. The data copied to the Ghana News Agency said Ghana exported 158 tonnes of gold in 2018, about 15% increase over the previous year. Ghana has thus dethroned South Africa, which produced 139.3 tonnes…
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AngloGold Ashanti dismisses fake recruitment for Obuasi, Iduapriem mines
Anglogold Ashanti is cautioning the public to be wary of a fake recruitment process for its Obuasi and Iduapriem mines. The company tells Citi Business News some unknown persons have succeeded in luring unsuspected persons into paying monies to secure employment in the mining company’s two mine sites. “These individuals and/or companies write to unsuspecting…
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Anglogold Ashanti appoints new CEO
Anglogold Ashanti has appointed Kelvin Dushnisky as the CEO and Executive Director of the company. His appointment takes effect from September 1st 2018. He replaces Srinivasan Venkatakrishnan who will be exiting the company by the end of August. Mr. Dushnisky joins Anglogold Ashanti from Barrick Gold Corporation where he serves as the President and Executive…
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$259m tax waiver: AngloGold moves to revamp Obuasi mine
AngloGold Ashanti has welcomed the tax waiver granted by Parliament paving the way for it to redevelop its Obuasi mine. The mining company believes the move will lead to increased production from the mine site for at least the next twenty years. Parliament, on Thursday, granted 259 million dollars in tax waivers to Anglogold Ashanti…
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Mining firms demand economic respite despite boost in revenue
Mining companies operating in Ghana have renewed their plea for government to reduce the relative high operational cost which they say is impacting their activities. They contend that the development has compelled some companies to relocate to neighbouring Ivory Coast while Burkina Faso and Mali continue to attract new exploration activities compared to Ghana. The…
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Mines Chamber urges caution on listing multinationals on the Stock Exchange
Mining industry players are calling for detailed discussions on the implementation of policies seeking to charge multinationals to list on the Ghana Stock Exchange (GSE). They have cautioned of possible concerns over the likelihood of a reduction in stake for major shareholders (dilution of ownership) of mining companies due to the new law. “I think…
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Refineries threaten boycott of Ghana gold over galamsey
Ghana risks a boycott of its gold by major refineries across the globe if it fails to tackle illegal mining activities in the short term. This is the caution from industry players. According to them, the country also risks huge revenue losses from small scale mining which accounts for about thirty percent of the total…