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There is a long history of mining in the area, with mining from the Ashanti region providing the gold for which the Gold Coast got its name. Large scale commercial and industrial mining began at Obuasi in 1897 with the formation of Ashanti Goldfields Corporation. [6] In 2004, Ashanti Goldfields merged with AngloGold to form AngloGold Ashanti.
AngloGold Ashanti was formed on 26 April 2004, after the High Court of Ghana approved the merger of AngloGold and the Ashanti Goldfields Corporation three days earlier. [4] AngloGold had been a gold mining company based in South Africa, majority-owned by the Anglo American group. This came almost a year after the merger was announced on 16 May ...
The Ashanti Goldfields Corporation is a gold mining company based in Ghana that was founded by Joseph Ellis and Joseph Biney both from Cape Coast. [1] The Ashanti Mine , located at Obuasi , 56 km south of Kumasi , has been producing since 1897.
The region is home to some of the largest gold mining companies in the country, including AngloGold Ashanti at Obuasi. Obuasi produced more than 35 million ounces of gold since its discovery in the late 19th century [ 27 ] [ 28 ] Additionally, the Ahafo South and Ahafo North in the Ashanti Region, home to Newmont Ghana's Ahafo Mine , is also a ...
[33] [34] The Ashanti Gold Belt, in particular, is home to some of the most notable gold mines in the country, including the Ahafo and Akyem mines, both operated by Newmont. The Obuasi mine, one of the oldest gold mines in Ghana, is also situated within this region and is operated by AngloGold Ashanti. The mine has been in operation since the ...
In 2008, AngloGold Ashanti's Ghana operations, consisting of Iduapriem and the Obuasi Gold Mine, contributed 11% to the company's annual production. Both mines became part of AngloGold Ashanti when AngloGold merged with the Ashanti Goldfields Corporation in 2004. [3] In 2009, the mine employed 1,447 people. [1] The mine has been fatality-free ...
AngloGold Ashanti (NYSE:AU) has announced an intent to acquire Centamin (OTC:CELTF) in an all-share deal valued at $2.5 billion. The combined entity will be the fourth-largest gold producer globally.
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