AngloGold Ashanti, Randgold Agrees To Help Develop Ghana Mine

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Africa’s biggest gold producer AngloGold Ashanti has signed a deal with Randgold Resources to develop and mechanise its Obuasi mine in Ghana.

Reuters reports that Randgold will lead and fund a development plan to rebuild the mine which is expected to take around four months, AngloGold said in a statement.

“This is a necessary step ahead of the envisaged transformation of the mine into a modern, mechanised operation,” the company said.

In November AngloGold stopped production and cut jobs at Obuasi, which holds 5 million ounces of gold reserve.

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