Anglogold Ashanti’s Obuasi re-development has completed its first week of underground development blasting and signals it is on track for 2019 production, the company said in an announcement.
Early last year, AngloGold announced that it would invest $495m to $545m to recapitalise the Ghanaian mine. The project will see Obuasi producing an average of 350,000 to 400,000 oz a year in gold production at an all-in sustaining cost of between $725/oz and $825/oz during the mine’s first decade of operation.
Capital Drilling (LON:CAPD) provides specialised drilling services to mineral exploration and mining companies in emerging and developing markets, for exploration, development and production stage projects. The Company currently owns and operates a fleet of 91 drilling rigs with established operations in Botswana, Côte d’Ivoire, Egypt, Ghana, Kenya, Mali, Mauritania and Tanzania. The Group’s corporate headquarters are in Mauritius.