Asset Report

Ashanti (Obuasi Operations) gold mine

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06 September 2018

Ashanti (Obuasi Operations) gold mine

Report summary

The mine was placed on care and maintenance in 2015 and since then limited work has been carried out. In February 2016, the mine lease area was invaded by up to 12,000 illegal miners. As a result all non-essential work was terminated. The area was only cleared of the illegal miners in October 2016. AngloGold states that the care and maintenance annual cost was US$70 million in 2016, and US$62 million in 2017. The redevelopmentĀ is planned to commence in 2019, with 20+ years LOM.

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