Sunday, February 1, 2009

ANGLOGOLD URGED TO INVEST MORE IN OBUASI MINES (BACK PAGE, JAN 24)

THE Asantehene, Otumfuo Osei Tutu II, has called on the management of Anglo Gold Ashanti to put more investment into the Obuasi Mines as the mines are still viable.
He stated that the present production of about 350,000 ounces annually at the Obuasi Mines was far below the targets that management had itself set.
“It is, therefore, through a massive injection of capital into the operations of the mines that things would be put right,” Otumfuo Osei Tutu said at the Manhyia Palace when the outgoing Managing Director (MD) of the Obuasi Mines, Mr John Miller, and the Vice-President of the West Africa Division of Anglo Gold Ashanti, Mr Christian Rampa Luhembre, paid a courtesy call on him.
A statement signed by Mr G.B. Osei-Antwi, Public Relations Manager at the Manhyia Palace, said the Asantehene was very interested in seeing the Obuasi Mines operate at full capacity.
The newly appointed MD, Mr Keith Faulkner, was introduced to the Otumfuo at the meeting.
The Asantehene pointed out that the old system of rehabilitating equipment at the mines might not be effective, and called on management to devise modern ways of doing things.
Otumfuo Osei Tutu called for teamwork at the mines, stressing that what appeared to be a master-servant relationship did not work in modern operations, especially in an establishment such as the Obuasi Mines.
He referred to the cordial relations between Mr Miller and his management as well as with the workers at Obuasi, expressing the hope that this would continue under the new MD.
Mr Luhembre told the Asantehene that Anglo Gold Ashanti was strategising to take advantage of new opportunities.
He said changes were being introduced in the management structure to ensure effective discharge of duties.

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