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

Feb. 29 (Bloomberg) -- 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 the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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