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Business News of Thursday, 7 April 2016

Source: obuasitoday.com

Scary: AngloGold Ashanti to shut down completely?

Classified information reaching Obuasitoday.com indicates that, the AngloGold Ashanti Obuasi mine will formally shut down in the next few days for what it believes to be the inability of government to help secure their concession against illegal miners.

A top brass officer in the mine who spoke to Obuasitoday.com on condition of anonymity, said Management of the Obuasi mine are to shut down the mine indefinitely until further notice from the International Headquarters in South Africa.

“Boss, an email or something like that came in three days ago instructing our MD to shut down the mine and report to the Accra Office; we don’t know why but I suspect is all because of security issues”, he stated.
Government’s Failure.

Sources close to the mine tells Obuasitoday.com, the failure of the Government to fully stand behind the mine in these trying times of poor security which is having dire effect on their operations cannot be ruled out.

Investigations done by Obuasitoday.com have revealed that, the Ashanti Regional Minister and Chairman for the Regional Security Council (REGSEC) has been silent on this matter ever since the top brass approached him to use his high office to intervene.

Mr. Richard Ofori Agyemang Boadi, the Municipal Chief Executive for Obuasi has also not showed any sign of coming to the aid of the mine.
The two Members of Parliament for Obuasi East and West, Messers Kwaku Kwarteng Agyemang and Edward Ennin have all being mute on the matter.
Obuasi Must Live Coalition.

Obuasi must Live Coalition, a Pressure group which is made up of Journalists, Religious leaders, Civil Society Groups, NGOs, students and artisans are also calling on the President through the Regional Minister and Municipal Chief Executive to do all what they can to disallow AngloGold Ashanti from shutting down the mine.

Leader of the Coalition, Mr. Prince Kwame Aboagye, told Obuasitoday.com they will have a Press Conference come Tuesday, 12 April, 2016 to register all their grievances to the good people of Obuasi and Ghana.