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Obuasi
Mine has additional 25 years lifespan – MD
Obuasi, June 10, GNA – The Obuasi Mine may have additional
25 years life span, should AngloGold Ashanti (Obuasi)
overcome its present challenges,
Mr. John Miller, the Managing Director, has said.
Some of the challenges include the return of the mine to
profitability, addressing the legacy of social and
environmental problems and overcoming threats to operations,
including illegal mining (galamsey).
Mr. Miller, who was giving a presentation on the mine during
the visit to the Mine by the members of the Parliamentary
Select Committee on Mines and Energy, said improving
community engagement and participation also formed part of
the challenges that needed to be addressed.
“Obuasi can have a great future when the challenges are
addressed”, he said, adding; “we have to work for it”.
The Managing Director also said an Obuasi Turnaround Plan
had been adopted to prepare the mine for the future
operations and that the Plan would require additional
investment of 44 million dollars this year and 135 million
dollars over three years.
Mr. Miller stated that, in addition to capital, the process
would also require additional human resources and training,
adding that communication programme had already started and
was progressively expanded from the core areas to other
parties.
The Parliamentary Select Committee led by the chairman, Mrs
Gifty Kusi, was particularly concerned about the stability
agreement and demanded the commitment of the company on it
so far.
The MPs, as part of their visit, toured the company’s
acquaculture project at Homase.
GNA
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