The last four years saw the country’s flagship mine, which had been in operation for more than 100 years, placed under “care and maintenance”, in the face of its long held potential to uplift the local economy.
In October 2018, a $375-million, five-year underground mining contract was finalized
with Underground Mining Alliance Limited, a joint venture between African Underground Mining Services and Accra-based Rocksure International, a Ghanaian mining contractor, to revive the mine.
About 550 people, majority of them Ghanaians, have so far been employed, bringing the total number of people so far employed by AngloGold Ashanti and its contractors to 3,500 as of January this year.
The mine’s production in the first 10 years is expected to focus on upper ore bodies, with an average of 350,000 ounces (oz) to 450,000oz.
Speaking at a colourful ceremony at the Cricket Oval of the Obuasi Mine yesterday, President Nana Addo Dankwa Akufo-Addo said the day was a very happy one for him and all Ghanaians, especially residents of Obuasi.
A year ago, he said, “I was here to launch the Obuasi Mine redevelopment project whose aim was to signal a return to operation of the world-famous Obuasi Mine, which had effectively been closed since 2014. The shutdown of the mine brought in its wake some severe levels of hardships to communities whose major preoccupation is mining.”
He said employees, both direct and indirect, felt the brunt of the closure, with equally devastating effects on many actors along the value chain, including mine support service companies, security companies, telecommunication providers and financial institutions