HomeNewsShutting Down Maxam Company Limited Is Ill Advised - AngloGold Ashanti

Shutting Down Maxam Company Limited Is Ill Advised – AngloGold Ashanti

According to the Senior Manager in charge of mining at AngloGold Ashanti’s Iduaprim Mines, Steven Asante Yamoah, he and his employers are in full support of the mineral commission’s decision to put a barometer on the making and transportation of explosives on the back of the recent explosion in Appiatse in the Western Region, however, the shutting down of Maxam Company Limited, the company which was transporting the explosives which detonated in Appiatse, would be ill advised as it would negatively affect operations of more than six companies in the country.

“They (Maxam) supply AngloGold Ashanti, Chirano mines, Persus mines, Ghana Manganese Company, Adamus Mining Limited and Awaso Bauxite. So the directive will have significant impact on our industry if we do not put in remedial actions immediately. So we are working through the Minerals Commission and other explosive suppliers in the country to see how we close this gap during this period.”

“Our expectation as industry players is the enforcement of the regulation. Though the directive will have far-reaching consequences on the industry as far as production is concerned, we are in support of it because it is consistent with the laws of the land. We will work closely with the regulator and also the service providers to make sure that we reduce the impact of this directive to the barest minimum,” he said

Touching on the performance history of Maxam Company Limited, a Spanish outfit, the Senior Manager expressed that the company has been a provider ‘well guided mining support’ to many mining companies in the country, AngloGold Ashanti included therefore their shutdown will have a ripple effect in the industry

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