11 Important things to know about SWAG’s 47th Awards new headline sponsor – Adamus Resources Ltd

The leading Ghanaian mining firm Adamus Resources Limited has become a joint headline sponsor to the 47th SWAG Awards.

Adamus, who won the Best Community Outreach Project Award at the Ghana Mining Week 2022, will join the long-standing headline sponsor, MTN, to provide support for the event.

Below are the 11 important things you need to know about the company which is based in Ghana’s capital Accra.

1. Nguvu Holdings was started by Angela List, a Ghanaian having over 20 years of experience in the mining industry, mainly in mining services
2. The first acquisition of an operating mine was Adamus Resources Limited in Ghana, from Endeavour mining in the last quarter of 2016.
3. In 2018, Nguvu acquired Segala Mining SA in Mali, also from Endeavour mining.
4. In 2019, the group acquired 80% of Samira Hill SA, a mine in Niger, formerly owned by Semafo Inc, from the government of Niger.
5. This was followed by the acquisition of Northern Ashanti Mines Co. Ltd., formerly Owere mines, in Ghana.
6. The group also has an advanced mine in Burkina Faso, acquired from Newmont, and expects that to go into production by the end of 2023.
7. Other assets in the group include exploration licenses in Cote d’Ivoire and Liberia.
8. Nguvu currently recovers, produces, and sells around 160,000 Oz of gold on an annual basis. This is forecasted to grow to about 250,000 Oz annually with the current assets and can grow further from additional acquisitions.
9. Nguvu currently employs around 3,000 people.
10. 90% of its workforce is locally employed and so is 60% of its management.
11. 25% of its workforce is female and so is 30% of its management.

During a short ceremony in Accra, the mining firm presented a dummy cheque that contains an undisclosed amount of money to the leadership of SWAG.

SWAG President Kwabena Yeboah together with General Secretary Charles Osei Asibey and Administrator Kenneth Odeng Adade were present at the ceremony which transpired at the company’s office at 35 Nortei Ababio Street, Airport Residential Area on Wednesday, January 4, 2023.

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Source: Sports