Randgold Says Century-Old Mine’s Reserves May Rise Fourfold

JOHANNESBURG – The amount of gold buried at Ghana’s Obuasi mine, an operation dating back to 1897, is so vast the site may hold four times current declared reserves, said Randgold Resources Ltd., the London-listed producer that’s agreed to help turn the project around.

 

Randgold, working on plans to rebuild the AngloGold Ashanti Ltd. mine, identified 6 million ounces of reserves at 8 to 12 grams a metric ton, Chief Executive Officer Mark Bristow said, compared with the estimate now of 5.6 million ounces at 6 grams of gold a ton.

Gold Fields Ghana Limited Pays $7 Million Dividend To Government On 2015

As has been reported by the official website Gold Fields in Accra, Oct 13, GNA - Gold Fields Ghana Limited has present a cheque for $7 million as interim dividend to government on its 2015 accounts. 

The amount is in respect of government's 10 percent shares in Gold Fields' Tarkwa and Damang Mines. Gold Fields Ghana pays $7 million dividend to government Accra, Oct 13, GNA - Gold Fields Ghana Limited has presented a cheque for $7 million...

Mr. Alfred Baku, Executive Vice President and Head of the Gold Field's West Africa Region, who presented the cheque said the payment was the company's demonstration of confidence in the country.

He said management recognized government's support to the company's operations and that it would continue to keep its commitment to the government.