Deal #4787 Version #69414

Gold mining began at Obuasi Gold Mine more than 112 years ago, in 1897 when it was originally known as the Ashanti Mine. Acquired following a merger between the former AngloGold Limited of South Africa and Ashanti Goldfields Company Limited of Ghana in 2004. In 2012, Anglogold had undertaken a modernization of the Obuasi mine program which included underground operations and infrastructure development. But in late 2014, the company limited its activity with a reduction in jobs and the cessation of underground production. Joint venture between Randgold and Anglogold in 2015. Randgold and AngloGold Ashanti will be jointly responsible for funding the redevelopment of Obuasi in line with the agreed development plan.