AGA Obuasi Empowers Employees With Entrepreneurial Skills

15th September, 2014. The Obuasi Mine of AngloGold Ashanti (AGA) has organized an education sensitisation programme, aimed at empowering former and current employees of the company to set up their own small scale businesses to improve their livelihoods.

The programme, which was dubbed the “Entrepreneurial Night”, was organized in collaboration with the traditional authorities of Obuasi. The one day event was attended by representatives from the National Board for Small Scale Industries (NBSSI), Technoserve Ghana, Ghana Chamber of Mines, local Non-governmental organizations, religious groups, the municipal assembly, the media and market women among others.

Addressing the participants, Senior Manager of Sustainability, Obuasi, Mr Aboagye Ohene Adu, said in spite of the numerous challenges confronting the mine, the company was still committed to its value of making the communities better off by continuously investing in the communities and its people.

He explained that the planned down -scaling of the Obuasi operation has had some effect on employees but assured that management was committed to the future viability and profitability of the mine.

Touching on the Obuasi Sustainability Rejuvenation Project, Mr Ohene Adu explained that a five man team had been formed which is currently collecting and collating information on the social and economic dynamics of the municipality and its surrounding environs as well as liaising with relevant stakeholders in the private and public sector.

“Their unanimous blessing of the project, has empowered us in a big way to work hard to put up a platform for the people to set up their own businesses, which in the long run, will reposition Obuasi as a leading hub for small scale business,” he said.

He said from Obuasi Adansi North and South to Amansie Central Districts, opportunities abound in sectors such as tourism, agro processing, infrastructural development, health, quarrying and many others and appealed to all stakeholders to join hands with the working committee to unlock these opportunities.

Mr Kwaku Awuku, Senior Manager, Human Resources, who chaired the function, urged both internal and external shareholders, to stand solidly behind the mine, “so that we can grow and develop the municipality and the mine for our mutual benefit”.

Contributions were made by Mr Ofori Agyemang, Municipal Chief Executive; Moses Parker of Medeama Football Club, representatives of NBSSI; Mrs. Yvonne Adomako Assebere , CEO of La Vie and Mr Joseph Amoako, CEO of Joe Amoako Auto Shop.

About AngloGold Ashanti

AngloGold Ashanti is a global gold mining company and the world’s third largest gold producer. Headquartered in Johannesburg, South Africa, AngloGold Ashanti has 20 operations on four continents and one of the gold industry’s most successful exploration teams which work across both the established and new gold producing regions of the world.

This includes land positions in Colombia, Guinea and Australia, among others. AngloGold Ashanti employed 61,242 people, including contractors, in 2011 and produced 4.33Moz of gold, generating $6.6bn in gold income. Capital expenditure in 2011 amounted to $1.5bn. As at 31 December 2011, AngloGold Ashanti’s Ore Reserve totalled 75.6Moz.

The primary listing of the company’s ordinary shares is on the JSE Limited (JSE). Its ordinary shares are also listed on stock exchanges in London and Ghana, as well as being quoted in New York in the form of American Depositary Shares (ADSs), in Australia, in the form of CHESS Depositary Interests (CDIs) and in Ghana, in the form of Ghanaian Depositary Shares (GhDSs)

Media Contact:

John Owusu Tel: +233 244 322 026

E-mail: [email protected]

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