AngloGold Ashanti says Randgold to help develop Ghana mine
JOHANNESBURG, Sept 16 (Reuters) - Africa's biggest gold producer AngloGold Ashanti (Xetra: AOD.DE - news) said on Wednesday it has signed a deal with Randgold Resources to develop and mechanise its Obuasi mine in Ghana.
Randgold will lead and fund a development plan to rebuild the mine which is expected to take around four months, AngloGold said in a statement.
"This is a necessary step ahead of the envisaged transformation of the mine into a modern, mechanised operation," the company said.
In November AngloGold stopped production and cut jobs at Obuasi, which holds 5 million ounces of gold reserves. (Reporting by Zandi Shabalala; Editing by Joe Brock)