AngloGold Ashanti's Obuasi Mine redevelopment project has produced its first gold after four years of limited operation.
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 Rock sure 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.