mining sector
We have also seen considerable progress in the mining sector. In addition to Ashanti Goldfields, we have obtained private participation into the Tarkwa, Dunkwa and Prestea mines. Both exploration and production have increased dramatically at the Tarkwa Mines. For example, since handover in July 1993, production has increased from 26,000 to 40,000 ounces per annum. So far US$145m has been invested and US$4.9m has also been paid as royalties and taxes to government. Project investment of nearly USD$250m is expected to take production up to 200,000 ounces per annum by the year 2000.