Ashanti Goldfields Corp Ltd

Sectors:

  • Extraction Gold extraction

Notes:

Established 1897 in London as a public company to acquire concession to mine gold in Ghana (Gold Coast). Promoters led by Edwin Cade of the London merchants, Smith & Cade. In late 1960s acquired by Lonrho (London & Rhodesia Mining & Land Co Ltd) and delisted. 1972 Ghana government acquired a majority shareholding and headquarters moved from London to Accra. 1994 company refloated in London and also in Accra, later New York, when government disposed of c25% of its interest. Continues

Groups: