Ashanti Goldfields Corporation
The Ashanti Goldfields Corporation is a Ghanaian gold mining company, which by Edwin Cade was founded 1897th
location
The Ashanti gold mine is located near Obuasi , 56 kilometers south of Kumasi , the still young capital of the Ashanti region .
meaning
The Ashanti gold mine was one of the top ten gold mining sites in the world with the highest occurrences. In 2014 it was shut down for safety reasons. The preparations for the renewal and recommissioning of the plants were impaired by illegal gold prospectors.
Forward-looking decisions
The Ghanaian government, as the majority shareholder, decided in 1994 to sell between 20 and 25 percent of its stake in AGC in favor of the establishment of shares. The newly founded corporation was listed shortly afterwards on the London Stock Exchange (LSE) and on the Ghana Stock Exchange (GSE) and was the largest AG founded by a gold mining company up until then . Planning and advising this project alone required a team of over 200 people. After the successful IPO, each of the more than 10,000 employees worldwide received five shares or securities from the company.
To ensure new capital investments, the AGC went to the New York Stock Exchange in 1996 . This made it the first African company on Wall Street .
In 2004 AGC merged with the South African group AngloGold , a subsidiary of Anglo American plc . Since then, the company has been called AngloGold Ashanti , making it the third largest gold producer in the world.
See also
Web links
- AngloGold Ashanti website
- History of the Ashanti Goldfields Corporation. (PDF; 117 kB; English)
- Anglo American website
- Early documents and newspaper articles on the Ashanti Goldfields Corporation in the 20th Century press kit of the ZBW - Leibniz Information Center for Economics .