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Mining

AngloGold Ashanti said it has received an offer for the purchase of Obuasi mine

Tuesday, 23 February 2016 03:52

(Ecofin Agency) - AngloGold Ashanti, subsidiary of AngloGold, Africa’s leading gold miner, said this Monday that investors were showing interest in buying and partnering its Obuasi mine in Ghana whose activity has slowed.

After the company published its results for 2015, its Chief Financial Officer Srinivasan Venkatakrishnan told journalits: “There is quite a lot of interest, even now, in terms of the Obuasi assets, even in the form of a joint venture.”

Earlier, the South African company said it would not look for a new partner for the mine until it had an investment agreement with the government.

In February, AngloGold’s head of corporate affairs in Ghana was killed during a riot.

In 2015, the firm’s total production fell 11% to 3.947 million ounces as insecurity settled in South Africa and activity at Obuasi mine slowed.

Louis-Nino Kansoun





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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