HomeGoldAngloGold Ashanti signs multi-year service agreement in Ghana

AngloGold Ashanti signs multi-year service agreement in Ghana

Metso has signed a multi-year service agreement with the AngloGold Ashanti Iduapriem mine in Tarkwa in Ghana. The contract includes the supply of maintenance management services and spare and wear parts for AngloGold Ashanti’s new crushing and screening plant delivered by Metso. The agreement was signed in the second quarter of 2009 and its value exceeds five million Euros.

In addition to maintenance management and technical support, Metso will supply hands-on training for staff at the Iduapriem mine. Backed up by the company’s global service functions, an on-site team of six Metso service technicians will support operations at the crushing and screening plant, which has an annual output of 4.3 million tonnes. Metso is also committed to converting the agreement into a cost per tonne-based service over time.

AngloGold Ashanti is the world’s third largest gold producer and is listed on the Johannesburg Stock Exchange. In addition to Iduapriem, the company operates five other mines in Western Africa. In 2008, gold production at the Iduapriem Mine totalled 200,000 ounces.

Metso has cooperated closely with AngloGold Ashanti in Ghana for 10 years. “This agreement is a vindication of our strategy of expanding the range of services we offer in this region,” Seth Quaye, regional manager, West Africa, mining business line, Metso, says. “It will leverage new services business by serving as a reference for our capabilities as a total solution provider.”