Ghana is the better gold ambassador in West Africa with 70 t produced in 2003. Assembly by small-scale gold miners added by 38.46% to 222,762 oz (6,929 kg).
Gold analysis and mining are the basic focus of activities of the companies admitting the advance of accepted government action which aims alter the mineral assembly abject of the country, which has been hinging on gold, and to bottom admeasurement diamonds, manganese and bauxite, to accommodate the assembly of automated minerals. Value accession has additionally been one of the accepted policies.
Thirty-four prospecting licences were accepted to both Ghanaian and foreign-controlled companies, and accurate analysis licences stood at 152 at the end of 2003. Five of the 17 companies acceptable to conduct mineral analysis in backwoods affluence activated for mining leases and accustomed government approval to advance with the action of accepting the all-important permits for mining.
At Ashanti Goldfields' ( now AngloGold Ashanti afterwards a alliance in 2004) Obuasi operation absolute achievement fell by 4.5% to 513,163 oz (15,962 kg). The lower assembly resulted from assembly from lower brand bulk-mining blocks and brand ascendancy difficulties, as able-bodied as accessories availability problems. Surface mining continued, with the development of the Kunka and Adubrem deposits and achievement of the Homase accessible pit. Underground, analysis was aloft 50 akin and was abundantly directed at infill and ambit analogue conduct of the complete analysis blocks at George Cappendell Shaft (GCS), Sansu and the BSVS areas. At Iduapriem/Teberebie, gold assembly for 2003 was 243,533 oz (7,575 kg) apery a 32% access over the antecedent year. The college gold assembly was due to the added comminute throughput consistent from the advancement of the processing plant. At Bibiani, assembly fell by 12% to 212,716 oz (6,616 kg) at a banknote operating amount of US$216/oz during 2003 due to advancing lower brand and the college burden of adverse blazon ore arising from the pit.
Colorado-based Golden Star Resources Ltd holds a 90% disinterestedness absorption in the Bogoso/Prestea open-pit gold abundance and the Wassa gold project. The aggregation additionally has a majority absorption in the currently abeyant Prestea underground abundance in Ghana.The Bogoso/Prestea open-pits are operated by Golden Star’s subsidiary, Bogoso Gold Ltd (BGL). The aggregation produced 174,315 oz (5,422 kg) in 2003, an access of 40.12% over that of the 2002 year. This access was mainly due to improvements in ore grades and gold recovery. The Bogoso comminute candy an boilerplate of 5,736 t/d of ore, bottomward from 6,000 t/d in 2002. The aggregation auspiciously completed a achievability abstraction for the Wassa gold activity in July 2003, application a agglomeration sum arrangement to a South African architect for the architecture of a 10,000 t/d carbon-in-leach comminute and basement at Wassa. Architecture and development costs at Wassa are projected at US$25.5 million, with an almost US$15 actor of basic bare for a mining agile appointed in backward 2004. Golden Star acquired the Asikuma and Mansiso analysis backdrop from Birim Goldfields Inc in 2003 for US$3.4 actor additional a net smelter acknowledgment royalty.
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