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AngloGold CEO Pays Visit to Prez Nana Addo, Sets to Invest US$1 billion in Ghana

M.Cby M.C
August 12, 2022
Reading Time: 3 mins read
M.Cby M.C
in Extractives/Energy, Sub Top Stories2
0
AngloGold CEO Pays Visit to Prez Nana Addo, Sets to Invest US$1 billion in Ghana

Alberto Calderon, the Group CEO of AngloGold, paid a courtesy call on President Nana Addo Dankwa Akufo-Addo at the Jubilee House.

President Akufo-Addo in a brief meeting with AngloGold and the Ministry of Lands and Natural Resources delegation expressed satisfaction with the operations of AngloGold Ashanti in Ghana, especially given that they are providing a service to the community through their activities at the Obuasi and Tarkwa mines.

The President also expressed appreciation for the company’s pledge to support the sector minister, Samuel A. Jinapor, to meet investors on the sidelines of the UN General Assembly slated for September this year.

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Mr. Calderon on his part, iterated the commitment of the company to mine responsibly and sustainably at all levels. He eaffirmed his strong financial commitment to Ghana by investing more in the sector.

“The board and executives have the trust and confidence to now invest more than US$1 billion in the mining operations in Ghana.”

Alberto Calderon

The CEO, meanwhile, hailed the country, highlighting the quality resources the country has in its disposal.

“Ghana is blessed with world-class human capital and natural resources and remains one of the mining industry’s most attractive destinations for investment.

“We are grateful for the continued support we have received from the President, Ghana government and its various agencies, and from Otumfuo Nana Osei Tutu II, who has been a champion of our investments in the country over many years.”

Alberto Calderon

AngloGold Ashanti’s Contributions to Ghanaians

Mr. Calderon pinpointed the role the AngloGold Ashanti is playing to better the lives of Ghanaians and the communities it is operating in.

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“We are proud of the contribution that our operations continue to make to Ghana and to our host communities through the royalties and taxes paid, as well as through a range of social investments in education, health, and infrastructure development, among others.”

Alberto Calderon

The Deputy minister responsible for mines, George Mireku Duker, told the delegation that the government through the ministry is creating the enabling environment for mining companies to thrive and AngloGold Ashanti remains an integral part.

The deputy minister noted that the government’s dealings with large scale mining firms will be anchored on transparency and accountability and will ensure there is a win-win situation for both parties.

The AngloGold delegation included Richard Jordinson, senior vice president (Ghana and Tanzania), Eric Asubonteng, MD for Obuasi Mine, and Samuel Boakye Pobee, MD for Iduapriem Mine

AngloGold Ashanti CEO, Alberto Calderon, was accompanied by senior members of his leadership team on a working visit to Ghana.

AngloGold Ashanti, through its wholly owned subsidiary operates the Obuasi and Iduapriem Gold Mines.

Last year, AngloGold Ashanti Ghana produced 310,000oz of gold from its two mines in Ghana. In 2021, $115.9 million was paid by AngloGold Ashanti in royalties and taxes to the government. The company employs 6,781 people (direct employees and contractors) and invested $2.6m in corporate social investment and initiatives in 2021.

READ ALSO: SEC Issues Warning to market operators Regarding Placement of Advert in Securities Industry

Tags: AngloGold AshantiCapital ResourcesHuman resourcesinvestmentPresident Nana Akufo-Addo
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