Accra, Ghana
36°C

GSE Feed

Forex Rate

Tag Archives: Anglogold Ashanti

AngloGold Ashanti dismisses fake recruitment for Obuasi, Iduapriem mines

AngloGold

Anglogold Ashanti is cautioning the public to be wary of a fake recruitment process for its Obuasi and Iduapriem mines. The company tells Citi Business News some unknown persons have succeeded in luring unsuspected persons into paying monies to secure employment in the mining company’s two mine sites. “These individuals and/or companies write to unsuspecting job seekers either on a ...

Read More »

Anglogold Ashanti appoints new CEO

Kelvin Dushnisky

Anglogold Ashanti has appointed Kelvin Dushnisky as the CEO and Executive Director of the company. His appointment takes effect from September 1st 2018. He replaces Srinivasan Venkatakrishnan who will be exiting the company by the end of August. Mr.  Dushnisky joins Anglogold Ashanti from Barrick Gold Corporation where he serves as the President and Executive Director. A statement from Chairman ...

Read More »

$259m tax waiver: AngloGold moves to revamp Obuasi mine

file photo

AngloGold Ashanti has welcomed the tax waiver granted by Parliament paving the way for it to redevelop its Obuasi mine. The mining company believes the move will lead to increased production from the mine site for at least the next twenty years. Parliament, on Thursday, granted 259 million dollars in tax waivers to Anglogold Ashanti following a request by the ...

Read More »

Mining firms demand economic respite despite boost in revenue

Eric Asubonteng

Mining companies operating in Ghana have renewed their plea for government to reduce the relative high operational cost which they say is impacting their activities. They contend that the development has compelled some companies to relocate to neighbouring Ivory Coast while Burkina Faso and Mali continue to attract new exploration activities compared to Ghana. The 1st Vice President of the ...

Read More »

Mines Chamber urges caution on listing multinationals on the Stock Exchange

Gold

Mining industry players are calling for detailed discussions on the implementation of policies seeking to charge multinationals to list on the Ghana Stock Exchange (GSE). They have cautioned of possible concerns over the likelihood of a reduction in stake for major shareholders (dilution of ownership) of mining companies due to the new law. “I think it is difficult to tell ...

Read More »

Refineries threaten boycott of Ghana gold over galamsey

File Photo

Ghana risks a boycott of its gold by major refineries across the globe if it fails to tackle illegal mining activities in the short term. This is the caution from industry players. According to them, the country also risks huge revenue losses from small scale mining which accounts for about thirty percent of the total gold output. “We risk losing ...

Read More »

We will flush out all ‘galamseyers’ at AngloGold Obuasi mine – MCE

File photo

Government agencies mandated to evacuate the illegal miners occupying the Obuasi concession of AngloGold Ashanti, are optimistic they will accomplish their task by the new date scheduled. It follows the review of the deadline date for eviction after the illegal miners resisted the initial attempts by the moving committee to get them out of the site. The Municipal Chief Executive ...

Read More »

Illegal miners must leave AngloGold’s Obuasi site – Minerals Commission

illegal mining

The Minerals Commission has given the strongest indication yet for illegal miners still occupying the Obuasi concession, of AngloGold Ashanti, to evacuate the site or suffer ejection. This comes on the back of the insistence of some of the informal miners not to relocate to the new site allocated by the Commission. “I am not in the security service but ...

Read More »
Left Menu Icon
Citi Business News
Right Menu Icon