AngloGold has cleared its Ghana’s asset of illegal miners

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AngloGold Ashanti said it has cleared its Ghana’s mining asset of illegal miners who have turned the mine into a toxic asset.

The company’s spokesperson who goes by the name¬†Srinivasan Venkatakrishnan (Venkat for short) said the evacuation was done by the Ghanaian military without any loss of life.

“The military have done it without any injury or loss of life,” Srinivasan Venkatakrishnan, who goes by the name Venkat, told Reuters on the sidelines of an African mining conference.

Venkat said he had a constructive meeting in January with Ghana’s new President Nana Akufo-Addo and the company was in early talks with the government about the future of the loss-making mine, where operations were closed over two years ago.

Venkat said the company was now looking at three options: selling the mine or redeveloping it as a mechanised operation, with or without partners.There have been other signs of renewal in the mining sector in Ghana.

South Africa’s Gold Fields said in October that it would invest $1.4 billion to extend the life of its Damang mine in Ghana.