anglogold ashanti
Feature image credit: Wikimedia

Ghana’s Environmental Protection Agency has issued environmental permits for AngloGold Ashanti’s Obuasi gold mine, another important milestone paving the way for the redevelopment of this large, high-grade ore body.

The environmental permits relate to the Obuasi Re-Development Project and its associated tailings and water infrastructure.

The award of the permits follows the parliamentary ratifications of the regulatory and fiscal agreements that cover the redevelopment of the gold mine.

“With the key permitting and regulatory process complete, we will continue to progress the
redevelopment of the mine as a modern, productive, operation that will benefit a range of key stakeholders for at least two decades,” says AngloGold Ashanti CEO,
Srinivasan Venkatakrishnan.

“We’d like to thank the Government of Ghana and its agencies for their responsive and
constructive approach to our negotiations and the regulatory process, showing the alignment of both parties in advancing this important investment into the country.”

Last week the Parliament of Ghana ratified the regulatory and fiscal agreements that cover the redevelopment of the Obuasi gold mine into a modern, productive mining operation.

The ratification of the Development Agreement and the Tax Concession Agreement is an
important step in progressing the redevelopment of Obuasi.

The board of directors at AngloGold Ashanti has approved spending of $31 million in February 2018, for front-end engineering and other preparatory work for the redevelopment of  Obuasi.