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Mill Head Grade and Tonnage Curves from 1947/48 - 2003 26 Years of +25g/t 46 Years of +12.5g/t 1 Ton Scoop Trams Scrapes 1 Ton Scoop Trams Scrapes Mech.

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Presentation on theme: "Mill Head Grade and Tonnage Curves from 1947/48 - 2003 26 Years of +25g/t 46 Years of +12.5g/t 1 Ton Scoop Trams Scrapes 1 Ton Scoop Trams Scrapes Mech."— Presentation transcript:

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2 Mill Head Grade and Tonnage Curves from 1947/48 - 2003 26 Years of +25g/t 46 Years of +12.5g/t 1 Ton Scoop Trams Scrapes 1 Ton Scoop Trams Scrapes Mech. Cut & Fill Open Stoping (OS) Intr. Mech. Cut & Fill Open Stoping (OS) Intr. OS Intensified 24-26L Out ETS SLC INTR 15 Years of +30g/t SLC INTR FNOB GCS ORESHOOT

3 Ashanti Goldfields Company Ltd., Obuasi Gold Production from March 1897 – December 2003 Ashanti Goldfields Company Ltd., Obuasi Gold Production from March 1897 – December 2003 Footnotes Footnotes : 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 OUNCESOUNCES Gold From Tailings Retreatment 766,772 * Gold From Open Pit Mining 3,486,122 ** Gold From Underground 25,308,22725,308,227 TOTAL 29,647,17929,647,179 * Includes 74 ounces from Trial Alluvial Mining with the Goldfields plant. ** Includes 3,039 ounces of gold from PTP Clean-up

4 HUMAN RESOURCES POLICIES & COMMUNITY ISSUES

5 Obuasi Gold Mine - Ghana Human Resources Policies ASHANTI Goldfields Company Ltd OBUASIS CHALLENGE Strengthen our Human Resource base by developing tomorrows workforce with thorough understanding of the International Competitive environment.

6 Obuasi Gold Mine - Ghana Human Resources Policies ASHANTI Goldfields Company Ltd ACHIEVING OBJECTIVE Training and Re-training Succession Planning ( Effective appraisal systems) Team Work Create conditions which enable employees to give of their best.

7 Obuasi Gold Mine - Ghana Human Resources Policies ASHANTI Goldfields Company Ltd IN-HOUSE TRAINING 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.

8 Obuasi Gold Mine - Ghana In-House Training ASHANTI Goldfields Company Ltd The Company runs an Engineering apprenticeship Programme to train and impart employable skills to over 100 local artisans each year. Training Programme in session.

9 Obuasi Gold Mine - Ghana Human Resources Policies ASHANTI Goldfields Company Ltd 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 C ompany 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.

10 OBUASI HIV/AIDS POLICY AND PROGRAMMES

11 The prevention and control programmes put in place seem to be working effectively as shown by the HIV/AIDS figures recorded on the mine. ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana HIV/AIDS Control Programmes

12 AGC SPONSORSHIPS COMMUNITY DEVELOPMENT PROJECTS

13 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Highlights of Community Assistance Ashantis 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%

14 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Forms of Community Assistance URBAN DEVELOPMENT PROJECTS The Company committed ¢ 250million into the Obuasi streetlights projects. Obuasi street light.

15 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Forms of Community Assistance Len Clay Sports Stadium constructed to facilitate sports development in the Obuasi Municipality. Len Clay Sports Stadium

16 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Forms of Community Assistance 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.

17 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Forms of Community Assistance One of the New Bidiem resettlement houses.

18 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Forms of Community Assistance Binsere village community school.

19 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Forms of Community Assistance Obuasi Government Hospital HEALTH AND SANITATION The Obuasi Government Hospital was built and furnished by the Company.

20 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Forms of Community Assistance HEALTH 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.

21 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana 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.

22 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Community Development Projects Roads 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 pupils to their schools. Wamase footbridge.

23 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Community Development Projects 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.

24 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Community Development Projects Jimiso water system. Type of water systems provided include: i. Borehole and Manual pump system.

25 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Community Development Projects 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.

26 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Community Development Projects The 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.

27 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Community Development Projects 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 Presidents Special Initiative (PSI) project on cassava starch production. To further demonstrate the Companys 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.

28 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Community Development Projects 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 Companys operations. ALTERNATIVE LIVELIHOOD PROJECTS II

29 Conclusion

30 ASHANTI Goldfields Company Ltd Obuasi Gold Mine - Ghana Community Development Projects Focus on SHE Geology- Current & Deeps exploration U/G Production - Increase Devt; fastrack New Blocks. Continuous Improvement REDUCING COSTS. IMPROVING PRODUCTIVITY. (Tonnes/Metre; Recovery; U/G Fleet Rationalisation) HIV COMMUNITY DEVT

31 End End THANK YOU FOR YOUR ATTENTION. Daniel Owiredu


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