By Editorial Staff
ANGLOGOLD Ashanti said on Thursday it expected its Obuasi gold mine in Ghana to produce at a rate of 2,000 tonnes per day in 2020, after achieving its first pour of gold since it was suspended five years ago.
The initial capital expenditure for the mine, which has been in the process of redevelopment since last year, remains in the range of $495 million to $545 million, the company said.
AngloGold said it expected the rate to climb to 4,000 tonnes per day by the end of 2020.
‘Producing first gold on budget and on a tight schedule is a significant achievement for the Company, for the community at Obuasi and for Ghana as a whole,’ said AngloGold Ashanti Chief Executive Officer Kelvin Dushnisky in a statement posted on the miner’s website Thursday. ‘Restarting this important mine is testament to the focused execution by our team on the ground, as well as the clear investment framework and supportive environment created by the President of Ghana and his government, and the King of Ashanti,’ he added.