AngloGold Ashanti Receives Obuasi Environmental Permits

The environmental permits relate to the Obuasi Re-Development Project and its associated Tailings and Water infrastructure.

The precious metal producer signed the regulatory and fiscal agreements with the Government of Ghana which provide the framework for the redevelopment of the Obuasi Gold Mine into a modern, productive mining operation.

The redevelopment will establish Obuasi as a long-life, modern and mechanised underground mining operation. The redevelopment will deliver a mine that makes use of automation and controls for improved operational efficiencies and consistency in performance. It envisages a smaller but more skilled workforce that can operate in the planned mechanised and automated environment, the company said.

“With the key permitting and regulatory process complete, we will continue to progress the redevelopment of the Obuasi mine as a modern, productive operation that will benefit a range of key stakeholders for at least two decades,” said AngloGold Ashanti’s CEO, Srinivasan Venkatakrishnan (Venkat).

“We’d like to thank the Government of Ghana and its agencies for their responsive and constructive approach to our negotiations and the regulatory process, showing the alignment of both parties in advancing this important investment into the country.”