Accra, Ghana — MININGREVIEW.COM — 01 October 2010 – AngloGold Ashanti “’ the world’s third largest and Africa’s top gold miner “’ expects its Obuasi mine in Ghana to produce around 400 000oz of gold per year by 2012.
Revealing this here, Obuasi managing director Kwesi Enyan said this would be up from 383 000oz last year. Current annual production is lower at 350 000oz, as the mine recovers from a temporary output suspension earlier this year.
“We are working around the challenges and it is my determination to fix the mine and stabilise it at around 400 000oz,” he told Reuters on the sidelines of an AngloGold event here.
AngloGold’s other Ghanaian mine, Iduapriem, produces an average 190 000 ounces of gold, which the company expects to keep stable for the remaining 10 years of the mine’s life.
The two Ghanaian mines together accounted for 14% of the firm’s total output of 4.6 million ounces of gold in 2009.