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Anglogold Ashanti rules out shutdown of operations

Feb 17
10:02 2016

Anglogold Ashanti says it has no intention of moving out of Ghana despite the current challenges with illegal miners at its Obuasi concession.

The illegal miners have been encroaching on the company’s concessions.

The firm has been forced to shut down part of its operations at the mine and has also asked some staff to go home after the death of the company’s Communications Manager.

Group Head of Investor Relations at Anglogold Ashanti, Stewart Bailey, says although the situation is unfortunate the firm has not thought about leaving the country.

He says the firm is working to resolved the challenges.

The mining firm says it has begun the search for a new partner to help re-redevelop the Obuasi mine after one of its partners, Randgold backed out of an agreement to re-develop the concession.


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