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Obuasi Data

Obuasi Information

  • General 2015-05-10
    Obuasi is located in Ghana's Ashanti Region, approximately 60km south of Kumasi. Mining operations are primarily underground, to a depth of 1.5km. Some surface mining in the form of open-pit and tailings reclamation occurs. Obuasi's processing plant, with a monthly capacity of 180,000t, treats both sulphide ores from an underground mine and sulphide tailings. A mine improvement process is underway to enhance production rates through the mechanisation of all mining blocks, and to improve the life of mine plan, taking account of organisational structure, water management, environment and community.

Related News

  • Randgold Resources: Kibali Delivers Progress Despite Challenges 2016-10-18

    JERSEY, CHANNEL ISLANDS--(Marketwired - Oct 18, 2016) -  Randgold Resources (LSE: RRS) (NASDAQ: GOLD)

  • AngloGold joins Saracen in Carosue Dam North gold search 2016-10-17
    Dual-listed gold miner Anglogold Ashanti could spend as much as A$25-million to gain a 70% interest in gold exploration tenements located west of its Sunrise Dam gold mine, in Western Australia. The Butcher Well and Lake Carey tenements form part of smaller rival Saracen Mineral Holdings’ Carosue Dam North project area and cover 339.5 km2.
  • ASX: Farm-in and Joint Venture Agreement with AngloGold 2016-10-16
  • Illegal miners in Ghana ignore deadline to quit AngloGold mine 2016-10-14
    Illegal miners operating at AngloGold Ashanti's Obuasi mine in Ghana have ignored a government deadline to leave, delaying company plans to restart production. Up to 5 000 miners were still working at Obuasi in the Ashanti region on Friday, four days after a deadline for them to leave, said Benjamin Annan, spokesperson for the Association of Small Scale Miners. He said relocation plans that would enable them to move were yet to be finalised.
  • Cash costs plunge below $700/oz at AngloGold’s Mponeng mine 2016-09-23
    Mponeng gold mine, near Carletonville, in the North West, currently the world’s deepest mine, was one of the lowest-cost producers in South Africa during the first half of 2016, states South African gold mining major AngloGold Ashanti in its earnings report for the six months ended June 30, released in mid-August. The gold miner highlights that, for the first half of the year, its South African flagship operation, which is undergoing a six-phase expansion project, achieved a cash cost of $692/oz, which reflected a 25% year-on-year improvement.

Obuasi News

  • Illegal miners in Ghana ignore deadline to quit AngloGold mine 2016-10-14
    Illegal miners operating at AngloGold Ashanti's Obuasi mine in Ghana have ignored a government deadline to leave, delaying company plans to restart production. Up to 5 000 miners were still working at Obuasi in the Ashanti region on Friday, four days after a deadline for them to leave, said Benjamin Annan, spokesperson for the Association of Small Scale Miners. He said relocation plans that would enable them to move were yet to be finalised.
  • Mothballed Ghana gold mine reveals risk of reliance on minerals 2016-08-30
    Two years after AngloGold Ashanti suspended production at its giant but loss-making gold mine in Obuasi, central Ghana, the boom of underground explosions has resumed. Lacking any alternative in an area devastated by the mine's closure and the loss of thousands of jobs, hundreds of people broke into the site, dug shafts by hand and grew so bold in their quest for gold they started using explosives.
  • Illegal miner progress at Obuasi ‘frustratingly slow’ – AngloGold 2016-08-15
    The occupation by illegal miners of part of the Obuasi gold mine, in Ghana, is slowing the feasibility work AngloGold Ashanti is undertaking for the modernisation of the troubled operation. Obuasi’s first half of 2016 has been dominated by the incursion of illegal miners on to the operating area, despite extensive engagements with the authorities at all levels to re-establish law and order.
  • Randgold walks away from Obuasi mine JV, says project would not meet internal investment goals 2015-12-21
    LSE- and Nasdaq-listed Randgold Resources has decided to terminate the investment agreement entered into with AngloGold Ashanti in September, to revive the struggling Obuasi gold mine, in Ghana, with immediate effect. Randgold had in September agreed to lead and fund a development plan designed to rebuild Obuasi as a viable long-life mining business, with an attractive cost structure and returns.
  • Randgold withdraws from Obuasi JV with AngloGold after failing to find way to meet 20% return on $1,000/oz. http://www.miningmx.com/page/news/gold_and_silver/1656153-Randgold-pulls-out-of-Obuasi-JV-wi 2015-12-21

    Randgold withdraws from Obuasi JV with AngloGold after failing to find way to meet 20% return on $1,000/oz. http://www.miningmx.com/page/news/gold_and_silver/1656153-Randgold-pulls-out-of-Obuasi-JV-with-AngloGold#.VneuaHv-PvE 

Nearby Locations

Nearby Location News

  • Asante Gold signs C$19.5m JV with Chinese-backed BXC to develop Ghana-based Kubi project 2016-10-18
    Ghana-focused project developer Asante Gold has partnered with China-owned BXC to form the Kubi Gold joint venture (JV), a 50:50 JV that will develop the Kubi mining leases to production. BXC is a subsidiary of Beijing Fuxing Xiao-Cheng Electronic Technology Stock, and has agreed to provide C$19.5-million in funding to earn a 50% stake in the Kubi Gold JV and a 30% equity interest in Asante.
  • Asanko Gold Announces Encouraging Initial Drill Results From New Exploration Target 2016-09-19

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 19, 2016) -

  • Asanko lifts H2 guidance 2016-09-17
    Since declaring commercial production on April 1, Canadian gold producer Asanko Gold reports that it has maintained steady-state production at its eponymous mine, in Ghana. The strong performance has prompted the company Friday to lift production guidance for the second half of the year to between 100 000 oz and 105 000 oz, up from between 90 000 oz and 100 000 oz forecast previously.
  • Perseus investment in Edikan hits a high 2016-09-07
    Dual-listed gold miner Perseus Mining’s reinvestment into its Edikan mine, in Ghana, would tip at more than A$40-million at the end of the 2018 financial year. MD and CEO Jeff Quartermaine on Wednesday told delegates at the Africa Downunder conference that as of the June quarter this year, some A$14.1-million had been spent at the gold mine, with a further A$20.9-million earmarked for 2017 and A$5.4-million for 2018.
  • Strong first commercial quarter for Asanko 2016-08-17
    In its first quarter of commercial production, Asanko Gold's namesake mine in Ghana is already ge...

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