The Obuasi Gold Mine is an underground gold mine situated near Obuasi, in the Ashanti Region of Ghana. It was one of the top-10 largest gold mines on Earth.The mine is in Obuasi Municipal District, 39 miles (59.4 kilometers) south-west of regional capital Kumasi.In 2008, AngloGold Ashanti’s Ashantiland operations, consisting of Obuasi and the Iduapriem Gold Mine, contributed 11% to the company’s annual production.
There is a long history of mining in the area, with mining from the Ashanti region providing the gold for which the Gold Coast got its name. Large scale commercial and industrial mining began at Obuasi in 1897 with the formation of Ashanti Goldfields Corporation.
In 2004, Ashanti Goldfields merged with AngloGold to form AngloGold Ashanti. Following heavy losses mining was suspended in late 2014 with about 5,000 employees being laid off and the mine put into care and maintenance. During this time a large security force remained on site due to heavy pressure from local illegal miners. In 2016 an Obuasi employee was killed by a mob of illegal miners.
In 2018, after approvals were received from the Ghanaian Government, the decision was taken to recapitalise the Obuasi gold mine, with work beginning in 2019. The new mechanised mine had its first gold pour in December 2019 and began commercial production on 1 October 2020. It is planned to reach full production in 2022.