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Ghana's Obuasi Gold Mine to Be Redeveloped

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Ghana's Obuasi Gold Mine to Be Redeveloped Home Energy & Power Construction & Mining Transport & Logistics Manuf acturing Finance ICT Magazine BUILDINGS CEMENT MACHINERY EXCAVAT IO N Q UARRYING RO ADS EBvUeILnDtINsGS BCuEyMeErNsT' GuidMeACHINERY EXCAVAT IO N Q UARRYING RO ADS Search ... Search Home Construction & Mining Quarrying Ghana’s Obuasi gold mine to be redeveloped Ghana’s Obuasi gold mine to be redeveloped Created: Tuesday, 22 September 2015 04:47 USA-based Randgold Resources Limit ed and Sout h Africa’s AngloGold Ashant i Limit ed have have decided t o form a joint vent ure t o redevelop and operat e AngloGold Ashant i’s Obuasi gold mine in Ghana The two companies signed an investment agreement to forge a JV that would operate the Ghanaian gold mine. According to the agreement, Randgold will lead and fund a development plan which will aim to rebuild Obuasi as a long-life mining business with an attractive cost structure and returns. The Obuasi gold mine will be enabled with ramp Randgold chief executive Mark Bristow said, “Obuasi is access for better transportation of materials and workers. (Image source: a world-class resource. We now have to see if we can Calistemon/WikimediaCommons) convert it into a world-class mine. We have a long history of cooperation with AngloGold Ashanti and look forward to working with them again on charting a new course towards a viable future for Obuasi.” The gold mine is situated in the Ashanti region of Ghana, around 230 km northwest of Accra. Its a high- grade deposit with proven and probable ore reserves of 24.53Mt at 6.70g/t for 5.29Moz, according to AngloGold Ashanti. In 2012, AngloGold Ashanti initiated a programme to modernise the mine, mainly by developing ramp access that would ultimately run from surface to high-grade blocks of ore underground. The ramp was designed to support the current vertical infrastructure, and aid with reducing the congestion in underground operations by enabling greater ease in transporting people and materials from ore to surface. However, in 2014, the mine was converted to limited operations and underground production ceased. Despite this, AngloGold Ashanti continued process tailings and initiated a feasibility study on mine redevelopment, revealed the company. The new development plan is expected to create a more focused and efficient mine operation, which would take about four months to complete. Randgold and AngloGold Ashanti will be jointly responsible for funding the redevelopment of Obuasi in line with the agreed development plan. Tweet 0 Share LAT EST NEWS IN QUARRYING Ghana’s Obuasi gold Zambia Revenue New drill zones identified Rwanda to explore 10 Mining partnership hailed mine to be redeveloped Authority likely to begin in gold mine at Côte d’… mining concessions by British High Commissi site insp… … USA-based Randgold Resources Canadian company Endeavour Rwanda has signed mining USA-based Randgold Resources Canadian company Endeavour Rwanda has signed mining Limited and South Africa’s Mining companies in Zambia have Mining Corporation has found new contracts with six mining The British High Commissioner AngloGold Ashanti Limited have requested the Zambia Revenue zones to drill in the Agbaou Gold companies to exploit 10 mining James Thornton has commended have decided to form a joint Authority (ZRA) to consider Mine located in Côte d’Ivoire concessions that could the partnership between the venture to redevelop and conducting regular visits to potentially bring about profits to government of Zambia and the operate AngloGold Ashanti’s mining sites in a bid to improve the tune of US$45mn over the British gemstone exploration and Obuasi gold mine in Ghana tax collection next five years mining company Gemfields plc, citing it to be a “very good example” of a British company investing in Zambia OT HER RELAT ED ART ICLES - QUARRYING Exxaro to build US$21mn CGNPC begins mining for Angolan mining company Chinese consortium to Rockwell Diamonds to Latest News Most Read Video Box water treatment plant uranium in Namibia begins operations in begin work on Ugandan acquire properties in for … diamon… coppZeirm…babwe licenses US$250mSno wuotrhth A… solar power projects Nigeria plans projects to facilitate travel to landlocked neighbours Schneider Electric and Steelcor Power to make MV switchgears in South Africa Ancuabe graphite mineralisation to provide unique manufacturing opportunities China General Nuclear Power South African coal producer Holding Corp (CGNPC) has begun Angola’s Lucapa Diamond China’sG Thiabneat-’Hs iOmbau Inadsui sgtorlide smine to Cbaenada’s Rockwell Diamonds Inc redeveloped Exxaro has unveiled the first of mining for uranium at the Husab Company and its local mining Consortium is set to begin has signed a conditional three water treatment plants for mine, near Swakopmund in partners Endiama and Rosas & copperA mfDinBi nagp aptr otvhe sK iUleSm$b1e21mn loaang raenedm gernatn tto acquire specific the Matla coal mine in the western-central Namibia Petalas have commenced Mines itno Uimgapnrdoav ein U Mgaayn d20a1’s5 electriciatyllu avciacle dsisamond properties and country’s Mpumalanga province diamond mining in the Lulo Hydraform showcases producat srsaoncgiaeted equipment from diamond concession in Angola’s BAUMA CONEXPO AFRICA Bondeo 140CC in South Africa for Lunda Norte diamond province US$24mn Other Magazines Site Map News By Sector Contact Us African Farming About Us Construction & Mining Alain Charles Publishing Communications Africa Advertise Energy & Power University House, Far Eastern Agriculture Contact Us Event News 11-13 Lower Grosvenor HSS Review Middle East Event Listings Financial Place, Oil Review Africa Latest News IT London, SW1W 0EX, UK Oil Review Middle East Magazine Archive Manufacturing T: +44 20 7834 7676 Technical Review Middle East Privacy Policy Transport & Logistics F: +44 20 7973 0076 Travel Bulletin Subscribe W: www.alaincharles.com Terms of Use Copyright © 2015 Alain Charles Publishing Ltd..
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