It is a big blow that the South African Anglogold mining group Ashanti has just struck at the time when gold courses explode. Present in Ghana for many years, the multinational has announced a gigantic expansion project of $ 500 million, the trifle of 288.6 billion FCFA, in order to increase the production of the Obuasi mine located in the south of the country to bring its capacity to 224,000 ounces, or 6.35 tonnes per year
“This project will make it possible to operate 5.8 million ounces of gold (164.42 tonnes), thus extending the duration of the 20 -year mine,” said a statement published on Wednesday April 16.
Simultaneously, Anglogold Ashanti confirmed to join the circle of major sponsors of the highly anticipated Mining in Motion 2025 summit which will be held from June 2 to 4 in Accra in a context where the courses of yellow metal reaches historical heights. This high mass organized by the Ashanti Green initiative with the support of the world Bank and the World Gold Council, Among other things, an appointment is to unite political decision-makers, mining companies and development partners, around a vision of the gold future of the African continent.
Ghana, number 1 of gold in Africa
It should also be noted that further west of Ghana, the Iduapriem mine, also operated by Anglogold Ashanti, is a world nugget in the sector with a capacity of 268,000 ounces (7.59 tonnes) to which must be added 5.2 million tonnes of various other minerals per year. This consolidates the position of Ghana as number 1 in the gold industry in Africa. Gold represents more than 90 % of Ghana’s mining exports, the production of which amounted to 114 tonnes in 2023.
Par Aj.sEditorial committee
