HISTORY OF ADVANTAGEOUS ACQUISITIONS
ADVANCING WEST AFRICAN MINING
CAngela List, Founder and CEO of Nguvu Mining, details the group’s advantageous acquisitional history and exciting future developments that will solidify its position at the forefront of West Africa’s mining landscape
Writer: Lucy Pilgrim | Project Manager: Thomas Arnold
urrently, Africa’s mining industry thrives with potential as significant advancements in technology and sustainability make it an increasingly exciting environment to work in.
Namely, innovations such as artificial intelligence (AI), automation, and data analytics are revolutionising mining operations, making them safer and more efficient.
Additionally, businesses are adopting eco-friendly practices, including renewable energy projects, to reduce their environmental impact and enhance productivity.
The industry’s upward trajectory also presents opportunities for economic development, job creation, and mining innovation across the continent. Examples include the Kibali gold mine in the Democratic Republic of the Congo (DRC), and Newmont’s Ahafo mine in the Sefwi Volcanic Belt and Gold Fields’ Tarka and Damang mines in the Ashanti Belt, Ghana.
These projects have bought community development to the fore by building schools, health centres, and roads, alongside providing scholarships and vocational training to Indigenes.
Therefore, whilst the industry faces challenges such as regulatory hurdles and environmental concerns, collaboration between governments, companies, and communities is helping to drive sustainable growth.
“Africa is poised to become a global leader in mining with rich mineral resources,” introduces Angela List, Founder and CEO of Nguvu Mining (Nguvu), which has grown over the last nine years to become a distinguished mining conglomerate and a formidable force in the region’s mining sector.
POWERFUL ACQUISITIONS
Historically, Nguvu’s strategic acquisitions have not only enabled its position as one of the largest and
Angela List
most attractive mining investment opportunities in the West African subregion, but strengthened it.
“Over the years, we’ve acquired high-value assets and companies, enhancing our production capacity and providing us with the opportunity to integrate advanced technologies and best practices into our operations,” List informs.
At the forefront of its diverse portfolio is Adamus Resources Limited (Adamus), whose Nzema gold mine project was the first mine to be acquired in Q4 2016.
Two years later, the company acquired Segala Mining, expanding its presence further across West Africa to Mali. In 2019, Nguvu went a step further when it purchased Société des Mines du Liptako (SML) and its mining project, a significant venture in Niger.
The following year, the company’s operational footprint expanded with the acquisition of Northern Ashanti
Mines (Northern Ashanti), based in Konongo, Ghana.
These two notable acquisitions have given the company the opportunity to incorporate cutting-edge technologies, such as automation and AI, into its future operations.
More recently, Nguvu’s geographical expanse reached Burkino Faso, home to the company’s Poura Resources gold project.
Acquired in 2021, this mine is in its advanced stages and expected to commence production towards the end of 2025.
On top of this, Nguvu also controls smaller projects such as the Ankamu gold project in the Central Region of Ghana and JB Precision Engineering in Tarkwa in the Western Region of the country.
The company is additionally expanding its horizons with exploration projects in Ivory Coast
and Guinea, making it a powerful force in the region’s mining field.
This is reflected by the unparalleled and highly impressive amounts of gold recovered, produced, and sold across its four sites, totalling a staggering 250,000 ounces of gold per year.
“By continuously identifying and acquiring valuable assets, Nguvu strives to stay ahead of industry trends, delivering value to our stakeholders and maintaining our position as a trusted player in the mining sector,” List prides.
INDUSTRY-LEADING POSITION
Nguvu’s leading position is driven by its bold response to the needs of both the company and industry.
“Our proactive approach to growth and innovation helps us to remain a preferred partner for investment,” List elaborates.
The SML project in Niger, for instance, represents a key step
“OUR PROACTIVE APPROACH TO GROWTH AND INNOVATION HELPS US TO REMAIN A PREFERRED PARTNER FOR INVESTMENT”
– ANGELA LIST, FOUNDER AND CEO,
NGUVU MINING
in Nguvu’s growth strategy. The continuous development of the site will significantly expand the company’s production capacity, enabling it to meet the increasing demand for minerals.
Conversely, Nguvu faces considerable challenges in the project’s development, such as Niger’s recent security circumstances, which have posed significant difficulties in mobilising the necessary equipment and parts.
“The need for military escorts often results in operational delays. This situation discourages transporters whilst those willing to take the risk are charging higher fees to compensate for potential issues,” List explains.
Despite these obstacles, the company remains committed to overcoming them through strategic planning and collaboration with local authorities.
AFRICA OUTLOOK: AS THE FOUNDER OF NGUVU, WHAT CHALLENGES DID YOU OVERCOME TO ESTABLISH THE COMPANY AND WHAT ADVICE WOULD YOU GIVE TO WOMEN HOPING TO ENTER THE INDUSTRY?
Angela List, Founder and CEO: “Starting Nguvu came with its fair share of challenges, from securing initial funding to navigating the complexities of the mining industry.
“I vividly remember the early days, which were filled with uncertainty but also immense determination. However, perseverance, a clear vision, and dedicated team helped us overcome these obstacles.
“To women aspiring to enter the industry, my advice is to remain resilient and confident. The mining industry can be demanding, but it’s also incredibly rewarding. Seek out mentors, build a strong network, and never hesitate to push boundaries.
“Your unique perspective and skills are invaluable assets to the industry. Remember, every challenge you face is an opportunity to grow and make a lasting impact.”
MULTI-ROCK
Our Mission
Our mission is to provide a stone-stop, tailor-made service of the highest standard to existing and prospective clients. Through committed management and well-motivated staff, we can continue to be a progressive and innovative organization in the industry. Our goal is to minimize the impact on the environment and to prevent injuries, illness, and harm to our employees, clients, communities, the environment and all others who could be affected by those activities.
Our Vision
Our three-fold core values of honesty, integrity and service excellence creates lasting results that ensures our clients supersede their project requirement and goals, on time, on budget, with the highest level of quality, We are extremely client-focused and provide quality products and services. We pride ourselves on the ability to deliver on time with the highest level of quality as we run 24/7 operation. This sets us apart from our competition as we run a solution-oriented operation that meets with our client’s budget and timeline.
Our Core Values
Going above and beyond our client’s expectations with excellent service delivery and ensuring customer satisfaction by providing quality workmanship, meticulous attention to all safety requirements and being on time with all projects entrusted to us.
SPECIALISED SERVICES, AND TOTAL MINING SOLUTIONS:
UNDERGROUND SERVICES:
• Underground constructions and production
• Specialized secondary supports
• Ventilation management
• Labour hire
• Piping installations and management
• Longwall relocation
• Dewatering management
SURFACE MINING SERVICES:
• Load and Haul
• Plant maintenance works
• Sand blasting and general painting works
• Piping Installations
• Drainage works, site levellings and Reclamation
• Top soil removal and clearing
• Building constructions works
• Corrosion control management
MINING & MARINE OFFSHORE SUPPLIES:
• Offshore & marine
• Lifting and materials handlings
• Fasteners and fixings
• Welding
• Paint, Accessories, Survey equipment, packaging
• Abrasives and conveyors
• Hardware and steels
• Construction
• Water treatment
• Storage
• Safety Equipment and laboratory equipment
• Plumbing, Valves, gauges, Gland packing
• Gaskets, water, instrumentation, filters
• Hoses and fittings
• Hose Reels, pump and lubrications
• Tools-hand and power
• Cleaning, Janitorial and Gardening
• Automotive
• Mining Specialty Equipment
• Power transmission
• Electrical and cables
• Pipe and Tube fittings
• Furniture and White Goods
• Drilling bits, Consumables and accessories
MEET THE TEAM:
All of our staff have / are able to:
• A deep understanding of the mining industry in Ghana, including its regulations, safety standards, and best practices.
• The ability to design effective training programs tailored to the specific needs and challenges of the mining industry.
• Skill in identifying the training needs of employees and the organization as a whole.
• Create training materials and curricula that align with industry requirements and objectives.
• Develop engaging and effective training materials, including multimedia and e-learning resources.
• Strong presentation and facilitation skills for delivering training programs to diverse groups of employees.
• Ability to measure the effectiveness of training programs through assessments, surveys, and evaluations.
• Understand and respecting the cultural diversity within the mining workforce in Ghana.
• Excellent verbal and written communication skills to convey technical information and concepts clearly.
• Build positive relationships with employees, supervisors, and other stakeholders.
• A deep understanding of mining operations and the specific skills and knowledge required in the industry.
MULTI-ROCK GHANA LIMITED
MAIN STREET BIDIESO
OBUASI ROAD AVENUE, DX 23
AO-017-6331
OBUASI – ADNASI
ASHANTI – REGION
GHANA – WEST AFRICA
PHONE: +233245492139
WHATSAPP:+233249959696
OFFICE CONTACT:+233246111992
WEBSITE: multirockghana.com
E-MAIL: multiperfectrock@gmail.com Info@multirockghana.com
LINKEDIN: MULTI-ROCK GHANA LIMITED
THE IMPORTANCE OF NGUVU’S STAFF
Nguvu strongly believes that its staff are its greatest asset, empowering employees through continuous training and development programmes, providing opportunities for career advancement, and recognising their contributions through various reward initiatives.
“We are committed to fostering a supportive environment that values diversity and inclusion. Our open communication channels ensure every employee feels heard and valued, contributing to a collaborative and motivated workforce,” List enthuses.
Indeed, the company takes pride in creating an environment where its workforce can thrive both personally and professionally. By continuously investing in staff growth and celebrating their achievements, Nguvu not only builds a strong team but also retains talent and expertise.
“Our staff’s dedication and hard work are the cornerstone of our success, and we are honoured to have such a talented and passionate team.”
“By addressing these challenges and successfully developing the SML project, we aim to set a new benchmark for operational excellence and resilience in the mining industry,” she urges.
Therefore, the SML project not only positions Nguvu for future growth but also highlights its dedication to navigating complex environments to achieve its goals.
Elsewhere, the company has a number of additional projects that underscore its commitment to innovation and operational excellence.
One notable project is the Northern Ashanti plant refurbishment, upgrading it to a capacity of 2,000 tonnes per hour. This will enhance Nguvu’s efficiency and allow it to meet and exceed its production targets.
The company also greatly anticipates the development of a sulphide plant at Adamus’ Nzema gold mine project, located in the Western Region of Ghana. Plans are already in place for the plant to complement the existing oxide processing facility, enabling the full potential of its ore deposits to be exploited.
Thus, by tapping into previously undeveloped sulphide deposits, Nguvu can significantly increase its production capabilities and resource utilisation.
“These projects not only add immense value to our operations but also create jobs and support economic growth in the regions where we operate.”
PURPOSEFUL AND INNOVATIVE SUPPLIERS
A trusted partner since the commencement of its operations, Nguvu’s recent investment in Liebherr construction machinery marks a significant milestone.
By incorporating Liebherr’s advanced equipment, the company has enhanced its operational
Geosystems Consulting Limited (Geosystems) provide consultancy services to mining and civil construction companies as well as private estate developers in the areas of Geotechnical and Geo-environmental engineering, Environmental and Social Impacts Assessments, and management of civil constructions projects including roads, bridges, buildings, dams, tailings dams, etc.
Geosystems has a mix of experienced Engineers, Sociologists and Scientists supported by enterprising Technicians.
SOME KEY PROJECTS EXECUTED BY GEOSYSTEMS
Construction management and QA/QC services for Adamus Resources Limited’s expansion and extension of the Tailings Storage Facility, TSF Stage 8 – Phase 1 and 2, since January 2022
EIS for Asante Gold Chirano Limited Tailings Storage Facility 3; 2024 – Date
ESIA for the Ahafo North Project Tailings Storage Facility; 2018 to 2021
· 2022 Sedimentation Pond Design for Adamus Resources Limited
· 2022 – 2023 TSF Raise Design for Northern Ashanti Mines Limited (Detailed Design)
· EOR Services for TSF, Perseus Mining Limited (PML), 2023
EOR Services for TSF, Adamus Resources Limited (ARL), 2024
· 2021 - Date Environmental Audit of AngloGold Ashanti (Ghana) Limited STSF and BIOX TSF
Our Competence covers but is not limited to:
• Geotechnical Engineering
• Earthworks And QA/QC for Earthworks
• Environmental Impact Assessments
• Tailings Dam Design and Construction
• Environmental And Safety Audits of Tailings Dams
• Preparation Of EMPs
• Structural and Building Condition Survey
• Drainage Structures Design
• Boreholes and Piezometer Installation
• Bathymetric Surveys of Tailings Dams
• Pit Geotechnics
• Mine Closure and Reclamation of Mined-Out Areas
efficiency, safety, and productivity. Moreover, the investment aligns with Nguvu’s commitment to sustainable and innovative mining practices and positions it advantageously for future growth.
Indeed, Liebherr’s machinery is renowned for its reliability and performance, and integrating this state-of-the-art equipment allows the company to set new industry benchmarks.
The improved precision and automation capabilities afforded by the equipment enable Nguvu to optimise its resource extraction and reduce its environmental impact.
Additionally, the equipment’s enhanced safety features provide a safer working environment for employees, reinforcing Nguvu’s commitment to staff well-being.
“BY CONTINUOUSLY IDENTIFYING AND ACQUIRING VALUABLE ASSETS, NGUVU STRIVES TO STAY AHEAD OF INDUSTRY TRENDS, DELIVERING VALUE TO OUR STAKEHOLDERS AND MAINTAINING OUR POSITION AS A TRUSTED PLAYER IN THE MINING SECTOR”
– ANGELA LIST, FOUNDER AND CEO, NGUVU MINING
“Whilst we anticipate potential challenges, Nguvu and Libeherr are committed to working together to identify and address any issues, ensuring the smooth integration and operation of machinery.
“This strategic move reflects our dedication to staying ahead of the curve and delivering superior value to
our stakeholders,” List reflects.
The recent investment is a demonstration of how Nguvu’s supply chain operations are purposefully designed to be efficient and responsive. Indeed, the company uses a combination of centralised and decentralised procurement to achieve the best results.
The former is handled at group level in situations where leveraging economies of scale, strategic sourcing, and standardisation provide significant benefits.
This approach ensures cost savings, consistency, and regulatory compliance, whilst also allowing the company to consolidate large purchases, secure better terms, and negotiate long-term contracts, fostering integrity and accountability throughout the business.
Furthermore, Nguvu’s centralised procurement is an instrumental component of the company’s commitment to regulations concerning anti-money laundering, countering the financing of terrorism (CFT), and targeted financial sanctions (TSF).
“By centralising our procurement
processes, we ensure that our activities are free from financial crimes and align with global financial standards,” List points out.
Equally important to the company is the fact that it can help support local suppliers by providing them with consistent business opportunities, which fosters positive relationships and contributes to the local economy.
This commitment to social responsibility guarantees reliable supply chains that benefit both Nguvu’s operations and the communities it serves.
DIGGING DEEP FOR ESG
A dedication to environmental, social, and governance (ESG) practices is at the heart of Nguvu.
From an environmental perspective, the company is focused
on sustainable mining practices, reducing waste, and minimising its carbon footprint through renewable energy initiatives.
Through the Poura Resources gold project in Burkina Faso and the SML project in Niger, for example, the company aims to implement ecofriendly practices and invest in local communities.
At the forefront of Nguvu’s sustainable mining practices is the expansion of its solar energy capacity. This endeavour involves installing solar panels across its sites to harness renewable energy, which will significantly reduce the company’s carbon footprint and operational costs whilst also representing its steadfast dedication to sustainability.
Equally, Nguvu has several impactful corporate social
responsibility (CSR) projects, including the Nkroful Agricultural Senior High School project that supports practical learning for students as well as the raising of poultry and cultivation of fish and crops.
Moreover, by purchasing these products, the company supplies high-quality protein for its workforce alongside supporting local education and creating a sustainable source of income for the community.
Other initiatives include Nguvu’s Women’s Training and Employment project that empowers local women by educating them in detergent
and soap making, creating a market for their products and fostering entrepreneurship.
In addition, the company is planning a mechanised agriculture project to provide alternative livelihoods and protect the environment.
“In terms of governance, we uphold the highest standards of transparency, ethics, and accountability, and comply with AML, CFT, and TSF regulations,” List points out.
“Our ESG initiatives reflect our commitment to creating long-term value for our stakeholders and positively impacting society and the environment.”
STRATEGIC GROWTH
Going forwards, Nguvu’s key priorities for the coming year include a strategic focus on growth, sustainability, and innovation.
For instance, the company aims to expand its production capacity by advancing the SML, Poura Resources, and Segala Mining projects across West Africa.
On top of this, Nguvu aims to complete the ongoing plant upgrade works at Northern Ashanti, whilst also advancing a sulphide plant at Adamus’ Nzema gold mine project.
“Enhancing operational efficiency is a top priority, and we are committed
to integrating advanced technologies such as automation and AI, alongside investing in high-quality machinery to improve safety and productivity,” List adds.
Sustainability also remains at the core of the company’s future operations as it strives to implement eco-friendly practices, renewable energy initiatives, and responsible waste management across all projects.
Nguvu’s realms of support also extend to community development initiatives, which include building schools, health centres, and infrastructure, as well as providing
scholarships and vocational training to create positive socioeconomic impacts.
“We are also focused on addressing operational challenges, such as security concerns, through strategic planning and collaboration with local authorities,” she highlights.
Exploring purpose-driven acquisitions and partnerships will enable Nguvu to diversify its portfolio and enhance capabilities.
Lastly, the company strongly believes in investing in its workforce by providing continuous training and development opportunities that are critical for its success.
“By focusing on these areas, Nguvu aims to drive growth, innovation, and deliver exceptional value to stakeholders, positioning us for continued success in the industry,” List concludes.
Tel: +233 53 100 6616
https://nguvumining.com/