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AngloGold to Invest $200 Million in Obuasi Mine, B&FT Reports

AngloGold Ashanti Ltd. will invest $200 million to boost productivity at its Obuasi mine after years of falling output at the biggest underground mine in Ghana, Business and Financial Times reported.

The mine will get new equipment to reduce downtime, develop ore reserves and improve safety, the Accra-based newspaper reported, citing Senior Vice President Peter Anderton.

To contact reporter on this story: Moses Mozart Dzawu in Accra at +233-302-258-797 or mdzawu@bloomberg.net.

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