Obuasi mine returned to productivity after first gold pour since 2014 – Akufo-Addo

President -Addo has expressed his delight at the return to creation, efficiency, and profitability of the Anglogold Ashanti Gold mine, six (6) several years soon it was properly shut down.

In accordance to President Akufo-Addo, the coming back on stream of the mine signals to the rest of the planet “new beginnings for , which will support in spurring on the growth of our country”.

Speaking at an party commemorating the initially gold pour of the Anglogold Ashanti Mine, on Wednesday, 29th January 2020, the President recounted how, on 22nd January 2019, he released the Obuasi Mine Redevelopment Job, whose aim was to sign a return to procedure of the Obuasi mine, which had been correctly shut given that 2014.

In accordance to President Akufo-Addo, “the shutdown of the mine brought in its wake serious concentrations of hardship to a local community whose main preoccupation is mining. Personnel, both immediate and indirect, felt the brunt of the closure, with similarly devastating outcomes to various actors along the worth chain, be they mine help support organizations, protection and telecommunications suppliers or fiscal establishments.”

In fulfilment of a 2016 campaign pledge to the people today of Obuasi, he indicated that his assumption of business office saw the holding of a sequence of discussions and negotiations and the provision of a range of fiscal incentives, which led, for starters, to the institution of the Re-Enhancement Job of the Obuasi mine, “and brought us, secondly, to this working day when we effect the ceremonial celebration of the gold pour of the mine.”

Addressing the collecting, the President mentioned that the vision of the Job has been to deliver a fashionable, condition-of-the-art, mechanized underground mine, that will allow AngloGold Ashanti Restricted to mine its 30-million-ounce ore body in excess of the up coming two many years.

“I am also recommended that this mine, mining at the price of two thousand (2,000) tons per working day, and scaling-up to 4 thousand (4,000) tons for each working day by yr-conclusion, would be creating an regular of a few hundred and fifty thousand (350,000) ounces of gold for every annum for the first ten yrs, and about four hundred thousand (400,000) ounces per annum over the remainder of the daily life of the mine. Successful manufacturing will make it a successful venture,” he claimed.

The President ongoing, “So, I congratulate the promoters and management of the mine for this big milestone, and I anticipate the to start with gold pour to mark also a ‘Year of Return’ to winning strategies for not just Obuasi and AngloGold, but for the mining sector in Ghana as a whole. As I have stated prior to, I am counting on this mine to pull the adjoining communities out of poverty, and enable them to reflect the prosperity that their soils have produced.”

Past its typical corporate contributions, he indicated that it was gratifying to note that, as agreed with AngloGold Ashanti Limited, the corporation will contribute $2 for every ounce of gold developed into a Local community Trust Fund, over the existence of the mine, to facilitate progress tasks in the area communities.

In addition, ahead of the graduation of gold generation, a a person-off contribution of two hundred and fifty thousand US Bucks (USD$250,000) has presently been compensated into the Rely on.

“Government will also perform with AngloGold Ashanti Constrained to make sure that all social and environmental issues, with respect to the reclamation and restoration of the mine web pages, are satisfactorily addressed, and these places set again to excellent use for the advantage of the communities in just the catchment spots,” he explained.

In line with the agenda of Governing administration to enhance regional content material in the mining sector in Ghana, President Akufo-Addo unveiled that Federal government is partaking closely with the business to guarantee that the Obuasi Redevelopment Venture areas a quality on community information, with greater share of money becoming invested in-country.

“Preference really should be presented to Ghanaian providers in the procurement of merchandise and services in the offer worth-chain, from the large-price underground mining contracts, by petroleum source, to catering and stability contracts. Ghanaian experts will have to also be prioritised for employment prospects, and localisation insurance policies absolutely applied to the letter. I am informed that the recent promoters of this mine are dedicated to this aim,” he said.


Supply: Ghana/Starrfm.com.gh/103.5FM/Wilberforce Asar

Leave a Reply

Your email address will not be published. Required fields are marked *