One of Ghana's major gold mining operations is changing hands after South Africa-based AngloGold Ashanti reached a $66.5 million (A$95 million) transition agreement with Australian mining services company Perenti, paving the way for the gold producer to take over mining operations at its Iduapriem mine.
The agreement, announced by Perenti, will see its subsidiary African Mining Services (AMS), operating through the AMAX joint venture with Ghanaian partner MaxMass, continue delivering surface mining and related support services at the Iduapriem open-pit mine for approximately six months before handing over operations to AngloGold Ashanti.
As part of the transition, AngloGold Ashanti will purchase the majority of AMS-owned mining equipment currently deployed at the site. The fleet sale is expected to generate between A$30 million and A$40 million (approximately US$21 million to US$28 million) for the Australian contractor once the contract concludes.
The agreement marks the end of an eight-year mining services partnership at Iduapriem, where AMS has operated since 2018.
The mine, located in Ghana's Western Region near Tarkwa, is one of AngloGold Ashanti's key producing assets and contains more than 2.1 million ounces of proven and probable gold reserves, underscoring its strategic importance within the company's African portfolio.
