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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/8566

Title: COMMODITY PRICE VOLATILITY RISK MANAGEMENT IN THE MINING INDUSTRY OF GHANA: A CASE STUDY OF ANGLOGOLD ASHANTI, OBUASI MINE (GHANA)
Authors: AYISHETU, SALAM
Issue Date: 8-Apr-2016
Abstract: Mining is a high risk activity and the success of a mining company such as AngloGold Ashanti, Obuasi Mine is a function of many and varied factors that range from the gold price to the suite of laws and regulations governing its business, from labour disruptions to environmental concerns and from diseases to fluctuations in the exchange rate. Against this backdrop, the study sought to examine the management of financial risk (Commodity price volatility). The study used a detailed single case study of a large mining corporation in Ghana to examine the management of corporate financial risk. The study established that there is a comprehensive risk management policy guiding the operations of the mining firm. It was further revealed that the company embarks on risk management with the aim of improving the interest of shareholders and other important stakeholders. The study found that even though AngloGold Ashanti is exposed to financial risks, the company refrains from managing these risks due to their minimal impact on the firm‘s cash flows. The study recommends, among other things that given the current decline in gold prices, AngloGold Ashanti cannot continue to ignore these impacts caused by the declining prices of gold but rather should consider choosing from the rich menu of risk management techniques to protect its current and future cash flows.
Description: A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of Master of Business Administration (Finance Option)
URI: http://hdl.handle.net/123456789/8566
Appears in Collections:College of Arts and Social Sciences

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