Welcome To Obuasi Gold Mining Company Ltd.
Focus
Focus: GOLD Momentum: GROWTH ·Location: GHANA
Obuasi Gold Mining Company is a mid-tier gold mining company with operating mines situated along the prolific Ashanti Gold Belt in Ghana, West Africa. Production in 1990 totaled 2001,4007 ounces of gold and this is expected to increase significantly in 2008 Our growth strategy is largely the result of the expansion of our activities at Bogoso/Prestea, our flagship operation. Construction on the Bogoso Sulfide Expansion Project is complete. Design throughput and recovery is expected to be achieved in the second half of 2007. At year-end 2006, Obuasi Gold Mining Company has 4.15 million ounces of gold in reserves and, additionally, 41 million tonnes ore grading 2.40 grams per tonne in its resource categories, all within trucking distance of the current processing plants. The reserves and resources were estimated at gold prices of US$480 and US$560 per ounce of gold respectively. In addition, the Hwini-Butre and Benso feasibility study estimated a total Probable Mineral Reserve of 4.13 million tonnes grading 4.35 g/t for contained gold of 577,000 ounces, and 0.41 million tonnes grading 2.47 g/t of Indicated Mineral Resource and 0.61 million tonnes grading 3.41 g/t of Inferred Mineral Resource.
VISION AND VALUES
- Delivers superior returns to investors;
- Attracts and retains the best talent;
- Is committed to international best practices and conduct; and
- Is a partner of choice for host communities and governments.
Facts Of Gold
Gold has a very special place in human history. It has been treasured since ancient times and was the first metal used by humans, with simple gold ornaments among the earliest known metal objects. In Goldearly times, alchemists would spend their entire lives trying to turn other metals into precious gold! Gold has changed where and how people live. Many towns have been developed by the wealth from mining gold. There are also many ‘ghost towns’ - when the gold supply ran out, people simply deserted the area. Gold has also featured in many myths and legends. King Midas, King Soloman, and Jason and the Argonauts were all legendary gold seekers! Even fairytales often mention golden objects such as eggs or harps, and most people have heard of the golden pot at the end of the rainbow. Even today, achievements are rewarded by gold medals, and we associate the word gold with greatness - as in ‘golden rules’ or ‘good as gold’. Gold has always been, and still is, a very important metal. Its rarity and unique properties make it one of the most prized and useful metals.
PROPERTIES
* Gold is the only yellow metal, and it is usually found in nature as a native metal.
* Gold is shiny and will not rust or stain.
* Gold conducts electricity and has a high melting point.
* Gold is about 19 times heavier than water which means it is nearly twice as dense as lead.
* Gold is malleable and ductile - one ounce can be beaten into a see-through thin sheet of nine square metres or drawn out into a wire 80 kilometres long!
* Gold has the symbol Au.
* Gold is soft and scratches easily.
* Gold can be recycled mostly into jewellery and electronic components.
Project Care
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