Obuasi Redevelopment Project – Details The project implementation will be undertaken in two distinct phases, with stage one comprising project establishment, mine rehabilitation and development, plant and
"Obuasi now has the mine and labour plan, geological understanding and social model to match its world class high grade ore body.The project metrics show a high return, long life project that not only brings ounces to account quickly and profitably but also offers attractive returns on …
AngloGold Ashanti is pleased to announce finalisation of a five-year underground mining contract at the Obuasi Re-Development Project with Underground Mining Alliance Limited (UMA), a joint venture between African Underground Mining Services (AUMS) and Accra-based Rocksure International, a wholly-owned Ghanaian mining contractor ('Rocksure').
The project remains on track to produce its first gold by the end of this year, with ramp up expected during 2020. AngloGold Ashanti said that it has committed to ensuring significant local content in the mine's development and operation, through employment at all levels and procurement - notably through the creation of a joint venture between ...
Obuasi is a key asset in AGA's portfolio and to the Ghanaian mining industry. "The mine will benefit many stakeholders for at least two decades. This contract award is a major milestone towards recommencing production at Obuasi and delivering on outcomes that will benefit the national, regional, and local economies."
President Nana Addo Dankwa Akufo-Addo has launched the Obuasi Mine Redevelopment Project amid ecstatic scenes and the expression of joy by the people in the mining town. The re-opening of the mine is expected to create employment for many and boost the local economy. This was a key election campaign
Location of the Obuasi Project: The Obuasi Gold Project comprises three contiguous Prospecting Licences (Kyereboso No.2 and No.3 and Meduma) covering an aggregate area of approximately 290 square kilometres (centroid located at one degree thirty-two minutes longitude west and six degrees seventeen minutes latitude north).
Obuasi Gold Mine is 65 km by road from Kumasi or 200 km north-west of Accra amid the township of Obuasi. Mining at Obuasi has been active for over 110 years and currently producing an approximate 300k oz. per annum.
The Obuasi Re-Development Project remains on track to produce its first gold by the end of 2019. Obuasi Redevelopment Project – Details The project implementation will be undertaken in two distinct phases, with stage one comprising project establishment, mine rehabilitation and development, plant and infrastructure refurbishment to enable production at a rate of 2,000t per day for the first ...
The Obuasi Gold Mine is an open-pit and underground gold mine situated near Obuasi, in the Ashanti Region of Ghana. It is one of the top-9 largest gold mines on Earth. The 'land' is customarily owned by the Asantehene King Osei Tutu II.
The redevelopment project is scheduled to take approximately 30 months to deliver with an approximately 22-year life of mine to produce four hundred thousand ounces of gold per annum. The project phase also includes the redesigned underground mine, refurbished and upgraded underground and surface infrastructure to support efficient operations.
AngloGold Ashanti's Obuasi gold mine is located in the Ashanti region of Ghana, 200 km north-west of Accra. It was acquired by AngloGold following a merger with Ashanti Goldfields in 2004. It was acquired by AngloGold following a merger with Ashanti Goldfields in 2004.
The project delivers IRRs of between 16% and 23% at real gold prices of between $1,100/oz and $1,240/oz, and is highly leveraged to the gold price. Initial project capital expenditure anticipated over the first two and half years is expected to be between $450 to $500 million, excluding pre-production capital of $64 million.
AngloGold Ashanti has announced the Obuasi Redevelopment Project in Ghana is on track to pour its first gold by the end of the year. Underground development blasting has begun. The first blast, at about 7pm on Friday, February 1, advanced development by around 4.2 metres on the 2,700 level, which