AngloGold Ashanti in ongoing negotiations with Government

AngloGold Ashanti Ghana Ltd (AGA) has read with concern the front page story on the company published in the Daily Graphic’s issue of 6 November 2014 which has generated a lot of media and public discussion.

AngloGold Ashanti has not sacked 5,300 workers and is not shutting down the mine on 14th November 2014 as reported by the paper.

In compliance with the mining and minerals law, AGA early this year, submitted to Government and regulatory agencies, its Amended Programme of Mining Operations (APMO) which seeks to address key challenges facing the Obuasi mine and provide a roadmap to ensure its future viability. The proposed amendment includes undertaking downsizing operations to ensure sustainability. This involves some level of retrenchment of staff. Feasibility studies will also be undertaken. In connection with this, discussions are currently on going with Government and regulatory agencies.

AGA has to date shared the challenges of the Obuasi mine and the critical need for its transformation, with all its key stakeholders.
AGA is also in continued dialogue with workers, Ghana Mine Workers Union and the community to ensure that actions taken have their input and are in the best interest of the Obuasi mine and all concerned.

We wish to assure all stakeholders that any decision on the APMO concluded with Government on the future of the Obuasi mine will be promptly shared with them. The company requests the media to exercise restraint in putting out stories with no factual basis on the ongoing process.

Signed: Management

Media contacts: John Owusu 0244 322 026

Leave a Reply