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AngloGold Ashanti says its mine in Guinea is ‘operating normally’ despite coup

5 years ago
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AngloGold Ashanti says its mine in Guinea is ‘operating normally’ despite coup

Gold mining firm, AngloGold Ashanti, says its Siguiri gold mine in Guinea is currently operating normally despite the overthrow of the incumbent government.

The company said that it continues to monitor the situation in Guinea and remains in close contact with the leadership of the mine, which lies around 850 km northeast of the country’s capital, Conakry.

The mining firm says the safety of employees still remains a priority.

Read This: Lusaka stock exchange gains 3.35%; leads equity markets on the continent

According to the earlier report by Global News, special forces soldiers apparently ousted Guinea’s long-serving President Alpha Conde on Sunday, telling the West African nation they had dissolved its government and constitution and closed its land and air borders.

Siguiri gold mine produced 117,000oz at an all-in sustaining cost (AISC) of $1,225/oz for the six months ended 30 June 2021. For the full year 2020, the mine produced 214,000oz at an AISC of $1,397/oz.

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