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18.04.2007 Business & Finance

Anglogold Ashanti Increases Investment In Obuasi Mine

By ISD Reporter

AngloGold Ashanti Executive Officer of Africa Underground Mines, Mr Robin Lazare, has said that a lot of money and resources would be invested into the Obuasi Mine in order to increase its production.

Mr Laraze was speaking at a road show held in Accra yesterday. He stated that Obuasi had less ore reserves that made it difficult to mine gold. He added that “although Obuasi had a wonderful future there was the need to mine deep underground to enable the company increase its production”.

The Executive Officer further sated that, if the company increased its production it would go a long way to enhance its community infrastructure development.

He regretted that illegal miners, cable theft, water and power shortages are some of the challenges the company was facing. Feasibility study, cost management, social and community programmes were also key challenges of the company.

He explained that his company was collaborating with sister gold mining companies, government and the Volta River Authority (VRA) to buy a new power generation unit to enable it sustain its production.

The Chief Executive Officer of the Ghana Chamber of Mines, Miss Joyce Aryee, called on mining companies to desist from imposing their will on mining communities but rather treat them with respect and regard their cultural values as well.

She stated that there was the need for mining companies and communities to collaborate to enhance infrastructure development in order to better the lives of the people.

She advised the mining companies to organise regular training programmes for their staff who are foreigners so as to avoid the incidence of racism with the mining communities.

Miss Aryee encouraged the mining companies to help the youth in the mining communities acquire skill training adding that it would help them to be independent after the mining companies have left.

Nana Bawua Afiamoa Kotokuo, Chief of Saaso, exhorted AngloGold Ashanti to ensure that racism does not destroy the relationship between the mining companies and the communities in which they operate.

He also advised AngloGold Ashanti to adopt good environmental approaches in its operations and help institute sustainable developmental programmes in the mining communities to ensure the prevalence of mutual peace and tranquility.