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General News on Thursday, January 24, 2019
Source: X Y Z
2019-01-24
Tony Aubynn, former President and CEO of the Minerals Commission
Former Chief Executive Officer of the Minerals Commission, Dr. Tony Aubynn has refuted claims that the previous National Democratic Congress (NDC) government collapsed the AngloGold Obuasi (AGA) mine.
Dr. Aubynn, who was speaking on Ete Sen on Radio XYZ 93.1, said Wednesday morning that the Obuasi mine had been closed in 2014 due to problems with the concession and lack of capital.
"The company informed the government of the time of its intention to close the company for a while. We initially objected, but the technical details at stake demanded their closure, while the government would lose revenue, "he said, adding that" the previous government can not be held to responsible. "
Mr. Aubynn also stated that the reopening of the company was commendable, although this is anticipated from the day the company was closed, as this period was expected to allow him to do important work for an efficient mining operation. in 2019.
The mines before closure suspended essential services following clashes between illegal miners and some of its staff, resulting in the death of the company's communications director, John Owusu. men stationed in the company's concession
President Nana Akufo-Addo, joined by Otantehene, Otumfuo Osei Tutu II, cut the tape to reopen the mine on Tuesday, January 22, 2010.
"In order to help AngloGold Ashanti to secure the necessary investments for this project, the government had to provide a number of tax incentives and ensure the stability of the project against changes in the legal environment, in especially at the beginning of mine operation, "Mr. Akufo-Addo said.
The president announced that the initial investment in the redevelopment project amounted to $ 881 million, with a total investment of $ 1.6 billion planned for the entire life of the mine of 22 years, adding that "the overall investment has been approved by Parliament". he explained.
The government is expected to generate revenues of about 2.16 billion US dollars over the next 22 years, in the form of royalties, corporate taxes and withholding taxes.
The Obuasi mine is expected to create 2,500 jobs.
The Mine Workers Union has described the company's investment as good news, but there is still uncertainty about the number of jobs that will be created immediately.
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