mill head grade and tonnage curves from 1947/48 - 2003 26 years of +25g/t 46 years of +12.5g/t 1 ton...

Mill Head Grade and Tonnage Curves from 1947/48 - 200Mill Head Grade and Tonnage Curves from 1947/48 - 20033Mill Head Grade and Tonnage Curves from 1947/48 - 200Mill Head Grade and Tonnage Curves from 1947/48 - 20033

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26 Years of +25g/t

46 Years of +12.5g/t

1 Ton ScoopTrams Scrapes1 Ton Scoop

Trams Scrapes

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15 Years of +30g/t

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GCS ORESHOOT GCS ORESHOOT

Ashanti Goldfields Company Ltd., ObuasiAshanti Goldfields Company Ltd., ObuasiGold Production from March 1897 – December 2003Gold Production from March 1897 – December 2003

Ashanti Goldfields Company Ltd., ObuasiAshanti Goldfields Company Ltd., ObuasiGold Production from March 1897 – December 2003Gold Production from March 1897 – December 2003

FootnotesFootnotes : •Tailings Retreatment started in 1987•Heap Leach Treatment started in 1989•Oxide Treatment started in 1990•Sulphide Treatment(Biox) started in 1993•Underground Mining started in 1897

Additionally, 21,607 ounces has been recovered from the Kubi Project in the 2000 year as follows :

•20,242 ounces at the Obuasi OTP facility and•1,365 ounces at the Ayanfuri H/L facility respectively, during the year.

SOURCE SOURCE OUNCESOUNCESOUNCESOUNCES

Gold From Tailings Retreatment Gold From Tailings Retreatment 766,772766,772 766,772766,772

* Gold From Open Pit Mining* Gold From Open Pit Mining 3,486,1223,486,122 3,486,1223,486,122

** Gold From Underground** Gold From Underground 25,308,22725,308,22725,308,22725,308,227

TOTAL TOTAL 29,647,17929,647,17929,647,17929,647,179

* Includes 74 ounces from Trial Alluvial Mining with the Goldfields’ plant.** Includes 3,039 ounces of gold from PTP Clean-up

HUMAN RESOURCES POLICIES HUMAN RESOURCES POLICIES & &

COMMUNITY ISSUESCOMMUNITY ISSUES

Obuasi Gold Mine - Ghana

Human Resources Policies A

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CHALLENGE Strengthen our Human Resource

base by developing tomorrow’s workforce with

thorough understanding of the International Competitive

environment.



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Training and Re-trainingSuccession Planning ( Effective appraisal systems)Team WorkCreate conditions which enable employees to give of their best.



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•Ashanti places emphasis on Training and Re-training as a means of keeping its workforce on the cutting edge of modern management and technical practices to meet both the short-term and strategic needs.


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The Company runs an Engineering apprenticeship Programme to train and impart employable skills to over 100 local artisans each year.

Training Programme in session.



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Housing benefits:The Company provides residential accommodation to both Senior and Junior staff.

Company has a total housing stock of 3,384 units Medical Benefits Company operates 170 bed modern hospital with eight (8) medical doctors including a specialist. External consulting specialists are also engaged.

Free medical care for employees, their spouses and six (6) children.

Medical care is extended to communities in and around Obuasi area, on Cash & carry basis.

OBUASI HIV/AIDSOBUASI HIV/AIDSPOLICY AND PROGRAMMESPOLICY AND PROGRAMMES

The prevention and control programmes put in place seem to be working effectively as shown by the HIV/AIDS figures recorded on the mine.

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Obuasi - Yearly HIV/AID Trend Analysis1998-2002

Private Patients 171 196 167 103 59

Dependants 30 33 37 20 25

Staff 70 60 45 41 30

1998 1999 2000 2001 2002

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HIV/AIDS Control Programmes

AGC SPONSORSHIPSAGC SPONSORSHIPSCOMMUNITY DEVELOPMENT COMMUNITY DEVELOPMENT

PROJECTSPROJECTS

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Highlights of Community Assistance

Ashanti’s Statutory Obligations: To individuals within the concession - compensation in accordance with

Minerals and Mining Law 153, Section 71(1). About 23 Billion paid within the last Ten (10) years To Local Government – property rate payment in accordance with Local Government Act 462 Section (3) and sixth schedule. To Central Government – payment of taxes.(Royalties, Corporate tax, Income tax etc) Mineral and Mining Law 153, Part IV. Section 22(1) and 23(1) as amended. - Disbursement of Royalties District Assembly - 55% The Stool - 25% The Traditional council - 20%

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Forms of Community Assistance

URBAN DEVELOPMENT PROJECTS

The Company committed ¢250million into the Obuasi streetlights projects.

Obuasi street light.

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Len Clay Sports Stadium constructed to facilitate sports development in the Obuasi Municipality.

Len Clay Sports Stadium

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One of the Old Bidiem residence

The Company carried out the resettlement of an entire community (old Bidem Village) at the cost of US$1 million.

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One of the New Bidiem resettlement houses.

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Binsere village community school.

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Obuasi Government Hospital

HEALTH AND SANITATIONThe Obuasi Government Hospital was built and furnished by the Company.

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Forms of Community AssistanceHEALTH AND SANITATION

To assist in the beautification of Obuasi township, the Company funds the cleaning of

Obuasi streets at a yearly cost of ¢ 120million

Obuasi street cleaning in action.

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Community Development Projects

RURAL ELECTRIFICATION PROJECTS

To date the company has procured over 3,000 treated teak poles and provided over 10,000 untreated poles from its Teak plantations to assist some 36 local communities in the Obuasi, Bekwai , New Edubiasi and Mansonkwanta districts in their Rural Electrification Projects at a cost of 600 million . Five (5) transformers have been donated to Six (6) Communities in the Obuasi and Bekwai District to assist them in their Rural Electrification Projects at the cost of ¢ 100 million. Two Communities namely Sanso and Anyinam benefit from free electricity power from AGC/VRA mains at an average annual cost of About US$77,000.

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Community Development ProjectsRoads and Bridges Rehabilitation

Many Old mining and Exploration routes, which now serve as feeder roads linking farming communities to major roads or markets centers are rehabilitated regularly using services of company equipment.

The Company assists in constructing and rehabilitating foot bridges over major rivers to link farmers to their farms and pupil’s to their schools.

Wamase footbridge.

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Community water supply

To date the company has provided 95 water systems to a total of 82 Communities in three districts at the cost of US $980,000

: 70% of the number was provided as goodwill gestures; while the remaining

30% are restitutions for traditional sources of water impacted upon by our

operations. : In extreme situations, the Company assists in the repair of some broken down water systems to restore water supply. : The benefits include less dependency on surface streams and less incidence of water borne diseases.

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Jimiso water system.

Type of water systems provided include:

i. Borehole and Manual pump system.

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G.M. HR donating to Adullam orphanage.

Material assistance are given and Corporate donations made to support development projects of Orphanages and Institutions of the Physically challenged.

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Community Development ProjectsThe Company financed the construction of a 40 rooms and 2 flats Student Hostel (Gold Hostel) as a residential facility for the School of Medical Sciences of the Kwame Nkrumah University of Science and Technology in Kumasi .

Hostel provided by AGC to Medical School – Kumasi.

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The Jimi river dam overlooking the PSI Land.

ALTERNATIVE LIVELIHOOD PROJECTS I• The Company has released a 2000 acres of arable land close to a water source for the President’s Special Initiative (PSI) project on cassava starch production.

To further demonstrate the Company’s commitment to the implementation of the PSI Project, the Company has released 14 units of its residential quarters at Watreso for the Technical staff that will manage the project.

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The Company has engaged the services of the Center for Biodiversity Utilization and Development (CBUD) of KNUST to carry out baseline studies leading to the implementation of some of its income generating projects like mushroom and snail farming, grass-cutter rearing, batik and tie & dye, gari processing etc. in communities impacted upon by the Company’s operations.

ALTERNATIVE LIVELIHOOD PROJECTS II

ConclusionConclusion

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Focus on SHE

Geology- Current & Deeps exploration

U/G Production - Increase Dev’t; fastrack New Blocks.

Continuous Improvement

REDUCING COSTS.

IMPROVING PRODUCTIVITY. (Tonnes/Metre; Recovery;

U/G Fleet Rationalisation)

HIV

COMMUNITY DEV’T

EndEnd

EndEnd

THANK YOU FOR YOUR THANK YOU FOR YOUR

ATTENTION.ATTENTION.

Daniel Owiredu Daniel Owiredu

mill head grade and tonnage curves from 1947/48 - 2003 26 years of +25g/t 46 years of +12.5g/t 1 ton...

Documents

obuasi gold production

ounces of gold

obuasi area

obuasi municipality

obuasi streetlights

obuasi hivaids policy

goldfields plant

obuasi otp facility