President reopens Obuasi Mine
The AngloGold Ashanti (AGA) Obuasi Mine bounced back into operation on Tuesday, January 22, 2019, with a major redevelopment after a four-year shut down.
An amount of $881 million was invested in the initial redevelopment project, with $1.6 billion projected for investment in the 22-year life span of the mine,
The project is expected to generate about 2,500 jobs.
President Nana Addo Dankwa Akufo-Addo, joined by the Asantehene, Otumfuo Osei Tutu II, cut the tape to reopen the mine, to rapturous applause from a gathering that included officials of the company, the chiefs and people of the Adansi area and well-wishers.
To the President, it was a promise come true, as he had made a pledge in the run-up to the 2016 general election to see to the revival of the one-time buoyant company whose operations, unfortunately, took a nose-dive, leading to its eventual closure in 2014.
For the people of Obuasi and, by extension, the Adansi area in the Ashanti Region, they have every reason to rejoice over the return of the company that was once the life blood of the area.
Addressing the gathering, President Akufo-Addo noted that when he assumed office, a series of discussions and negotiations took place, which resulted in the redevelopment project of the Obuasi Mine