DRAMATIC TURNAROUND: AngloGold’s Obuasi mine in Ghana maintains its Phoenix-like rise from the ashes

AngloGold Ashanti no longer has operational assets in South Africa, though the “Anglo” in its name speaks to its roots in Johannesburg, where it retains its primary listing on the JSE. The “Ashanti” in its name speaks to its presence in Ghana — “the Gold Coast” — where it seems determined to stay despite some serious setbacks in recent years.

A subsequent change of government saw a sleeping state wake up. In early 2017, AngloGold announced the Ghanian army had “largely cleared Obuasi of illegal miners, setting in motion plans to bring the mine back to life. The company’s activities have not been without controversy. A

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