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15 Oct 2024

Guinea: AngloGold Ashanti agrees to financial settlement with "Area One" community displaced by its operations

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On 13 September 2024, following a six-year mediation process, parties to the Guinea-Nedbank-01 dispute resolution process under the auspices of the Compliance Advisor Ombudsman (CAO), reached a final agreement in the matter. This agreement, concluded after a final, three-day mediation session held in Guinea, resolves the complaint brought to the CAO in 2017 by families resettled from “Area One” the prior year in conjunction with the expansion of Societe AngloGold Ashanti de Guinée S.A. (SAG)’s Siguiri gold mine.

More than 360 families who were forcibly relocated to make way for the expansion of AngloGold Ashanti’s mine in Siguiri, Guinea will be compensated by the company. The agreement concludes a six-year mediation process facilitated by the World Bank Group’s Compliance Advisor Ombudsman.