AngloGold Says Illegal Miners Control Richest Deposits at Obuasi

  • Miner may consider options as investor if takeover continues
  • Government must restore law, order at Obuasi gold mine

AngloGold Ashanti Ltd. said illegal miners have taken control of areas at its Obuasi mine in Ghana that hold the richest deposits of gold, slowing efforts to redevelop the facility.

The Johannesburg-based company may consider its options as an investor if the illegal takeover continues , Eric Asubonteng, general manager of the facility, told reporters in the capital, Accra, on Wednesday.

The company fears “serious and lasting consequences if this situation is allowed to continue,” he said. “If this becomes continuous AngloGold as an investor will consider other options.”

Hundreds of men invaded Obuasi, once one of the world’s largest gold mines, in February, demanding access to unused portions of the mine to dig for the metal illegally. The violence left one person dead. AngloGold ended underground mining at Obuasi and fired workers in 2014 as costs surged and the price of gold dropped. The company is seeking a partner to redevelop the mine. Talks with Randgold Resources Ltd. fell apart in December.

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