Latest news with #MininginMotionSummit.com
Zawya
16-04-2025
- Business
- Zawya
AngloGold Ashanti Sponsors Mining in Motion Amid Industry Expansion
Global gold mining company AngloGold Ashanti is implementing an expansion strategy in Ghana, targeting greater gold production across its projects. Amid this expansion, the company has joined the Mining in Motion 2025 summit as a Gold Sponsor, underscoring a commitment to advancing sustainable mining practices and economic growth in the country. AngloGold Ashanti is implementing a $500 million expansion project to enhance production at the 224,000 ounce-per-annum (koz) Obuasi mine. The mine was placed on limited-operations in 2017, but a redevelopment plan initiated in 2018 breathed new life into the development. Across two phases, AngloGold Ashanti is redeveloping the mine. The project will enable the exploitation of an additional 5.8 million ounces of gold reserves, extending production life at Obuasi with 20 years. Anglogold Ashanti also operates the 268 koz Iduapriem mine in western Ghana. The open-pit operation produces 5.2 million tons per annum, supporting Ghana's position as Africa's top gold producer. In 2023, AngloGold Ashanti and Gold Fields announced plans to create a joint venture between the Iduapriem mine and the Gold Fields-operated Tarkwa mine. Expected to extend the life of mine, increase production while lower costs, the venture is awaiting the requisite government approvals. AngloGold Ashanti's participation at the Mining in Motion 2025 summit will support the company's efforts to increase gold production, providing an opportunity for greater collaboration and deal-signing. Taking place on June 2-4, 2025, in Accra, under the theme Sustainable Mining&Local Growth – Leveraging Resources for Global Growth, the event unites Ghana's policymakers and mining stakeholders with global partners to discuss the future of gold mining. Mining in Motion is organized by the Ashanti Green Initiative in partnership with the World Bank, the World Gold Council and other international stakeholders. Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting For sponsorship opportunities or delegate participation, contact Sales@ Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
16-04-2025
- Business
- Zawya
AngloGold Ashanti to Champion Collaborative Mining at Mining in Motion Summit
Stewart Bailey, Chief Corporate Affairs&Sustainability Officer at Anglogold Ashanti, will speak at the upcoming Mining in Motion Summit, joining a high-level panel discussion on Fostering Synergies Between Artisanal and Small-Scale Miners and Large-Scale Miners: Maximizing Gold Value through Collaboration. He will be joined by representatives from the World Gold Council, Newmont Africa, the Ghana National Association of Small-Scale Miners and the ECOWAS Chamber of Mines. The panel will explore strategies for fostering collaboration between small-scale and large-scale miners to unlock greater value and growth in Ghana's gold sector. The discussion comes at a pivotal moment as Ghana works to realize the full potential of its gold industry by promoting infrastructure development and knowledge transfer across mining tiers. Bailey's participation is particularly noteworthy given AngloGold Ashanti's longstanding contributions to Ghana's mining sector and its global experience in gold project development. The company is currently undertaking a multi-phase, $500 million reinvestment strategy to fully restart and optimize production at the Obuasi mine, which holds an estimated 5.8 million ounces of untapped gold reserves. The revitalized project is expected to support a mine life of over 20 years. In western Ghana, AngloGold Ashanti operates the Iduapriem gold mine, a $142 million asset producing approximately 268,000 ounces annually, with a target of unlocking over 2 million ounces in reserves. The company has also proposed a strategic merger of Iduapriem with Gold Fields' Tarkwa Mine to extend mine life, boost production, reduce costs and enhance economic value for Ghana. As Ghana accelerates efforts to expand its gold mining industry, AngloGold Ashanti's presence at the Mining in Motion Summit highlights its commitment to sustainable development, cross-sector collaboration and long-term value creation for both local communities and the national economy. The company's active engagement in high-level dialogue reflects its belief that inclusive partnerships and shared expertise are essential to building a more resilient and responsible mining sector. Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting For sponsorship opportunities or delegate participation, contact Sales@ Distributed by APO Group on behalf of Energy Capital&Power.
