In 2008, AngloGold Ashanti's Ashantiland operations, consisting of Obuasi and the Iduapriem Gold Mine, contributed 11% to the company's annual production.

At its temporary closure in 2014 Obuasi had past gold production plus current resource of 62 million troy ounces.

Large scale commercial and industrial mining began at Obuasi in 1897 with the formation of Ashanti Goldfields Corporation.

During this time a large security force remained on site due to heavy pressure from local illegal miners.

[7][8] In 2018, after approvals were received from the Ghanaian Government, the decision was taken to recapitalize the Obuasi gold mine, with work beginning in 2019.