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The Obuasi gold mine, located 200km north-west of Accra in Ghana, was the major asset of Ashanti Goldfields Company AGC, established in London in 1897. AGC started underground mining in 1907. Lonrho purchased AGC in 1969 and the Ghanaian Government reduced its holding in 1994, leaving Lonrho now Lonmin with a 33 stake and corporate plus ...
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