Ashanti gold corp. Review

About Ashanti gold corp.

Ashanti Gold Corp.: A Leading Mining Company with a Rich History

Ashanti Gold Corp. is a Canadian-based gold mining company that operates in West Africa. The company has been in operation for over two decades and has established itself as one of the leading players in the mining industry. Ashanti Gold Corp. is committed to responsible mining practices and sustainable development, which has earned it a reputation as a socially responsible company.

History of Ashanti Gold Corp.

Ashanti Gold Corp. was founded in 1994 by Sam Jonah, who served as the CEO until 2003. The company's name was inspired by the Ashanti Empire, which was known for its wealth and gold production during its heyday in the 17th century.

The company's first major project was the Obuasi mine, located in Ghana's Ashanti region. The Obuasi mine had been operational since 1897 but had fallen into disrepair due to years of neglect and mismanagement under previous owners.

Under Jonah's leadership, Ashanti Gold Corp. invested heavily in modernizing and expanding the Obuasi mine, which led to increased production levels and profitability for the company.

In 2003, AngloGold Ashanti acquired a controlling stake in Ashanti Gold Corp., which led to significant changes within the organization.

Today, Ashanti Gold Corp.'s operations are focused on exploration and development projects across West Africa.

Mining Operations

Ashanti Gold Corp.'s primary focus is on gold exploration and production across West Africa. The company currently operates several mines across Ghana, Mali, Burkina Faso, Guinea-Bissau, Senegal and Cote d'Ivoire with plans to expand further into other African countries such as Tanzania or Kenya soon enough!

The Obuasi Mine

The Obuasi mine remains one of Ashanty’s most significant assets today despite being closed down temporarily due to some issues with illegal miners. The mine is located in the Ashanti region of Ghana and has been in operation since 1897. It is one of the world's largest gold mines, with estimated reserves of over 30 million ounces.

The Obuasi mine has undergone significant modernization and expansion under Ashanti Gold Corp.'s ownership. The company invested heavily in new equipment, infrastructure, and technology to increase production levels and improve safety standards.

Other Mining Operations

In addition to the Obuasi mine, Ashanti Gold Corp. operates several other mining projects across West Africa. These include:

- Kossanto East Project (Mali)
- Anumso Project (Ghana)
- Gourbassi West Project (Burkina Faso)
- Kenieba East Project (Mali)

All these projects are at different stages of development but have shown promising results so far.

Sustainability

Ashanti Gold Corp. is committed to responsible mining practices that prioritize environmental sustainability and social responsibility.

The company has implemented several initiatives aimed at reducing its environmental impact, including:

- Using renewable energy sources such as solar power
- Implementing water conservation measures
- Reducing greenhouse gas emissions through improved efficiency

Ashanti Gold Corp. also prioritizes community engagement and development through various programs such as education scholarships for local students, healthcare initiatives for communities near their operations sites among others.

Conclusion

Ashanti Gold Corp.'s commitment to responsible mining practices has earned it a reputation as a socially responsible company that prioritizes sustainability alongside profitability. With its rich history dating back over two decades ago when it was founded by Sam Jonah until now where it operates across West Africa with plans to expand further into other African countries soon enough!