AngloGold Seeks Obuasi Ghana Solution This Year, CEO Says
- World's No. 3 gold producer needs partner for project
- Ghanaian government needs to finalize tax regime, mine laws
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AngloGold Ashanti Ltd., the world’s third-biggest producer of the precious metal, wants to find a solution for its aging Obuasi mine in Ghana by the second half of this year, Chief Executive Officer Srinivasan Venkatakrishnan said.
AngloGold cut workers and placed Obuasi on limited operations last year as costs spiraled to more than $1,500 an ounce. The mine needs investment to access its 5.29 million ounces of gold situated in high-grade ore yielding 6.7 grams a ton.