Since the firm was featured in Business Enquirer in September 2023, in which the publication highlighted AngloGold Ashanti’s ten-year socio-economic development plan (SEDP) for its Obuasi mine, the mine has taken major steps forward in its redevelopment.

Currently, AngloGold Ashanti operates 12 mines across Africa, The Americas, and Australia. Production at Obuasi, an underground mine in Ghana’s Ashanti region, began in 1987 and stopped in 2014. A favourable feasibility study was completed in 2017 and indicated a strong technical and economic case with an anticipated 20-year life of mine.
Further to this, approval was received from the AngloGold Ashanti Board to proceed with its redevelopment project in 2018.

The redevelopment project began in early 2019 and first gold was poured during the Q4 of that year.

Now in Phase 3 of its redevelopment, the development of infrastructure necessary to support the planned ramp up in production to 5,000tpd is underway. Completion of Phase 3 is expected by the end of 2024.

www.anglogoldashanti.com/