Andrew Tetteh

Nguvu Mining

Nguvu mining was started by Angela List, a Ghanaian having over 20 years of experience in the mining industry, mainly in mining services. The first acquisition of an operating mine was Adamus Resources Limited in Ghana, from Endeavour mining in the last quarter of 2016. As a result Adamus became the first and only large scale mine that is fully Ghanaian-owned. In 2018, Nguvu acquired Segala Mining SA in Mali, also from Endeavour mining. In 2019 this was followed by the acquisition of 80% of Samira Hill SA, a mine in Niger, which was formerly owned by Semafo Inc, from the government of Niger. Next was the acquisition of Northern Ashanti Mines Co. Ltd., (formerly Owere mines), in Ghana. The group currently has an advanced mining project in Burkina Faso, acquired from Newmont, and expects that to go into production by the end of 2023. Other assets in the group include exploration licenses in Cote d'Ivoire and Liberia. 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. Nguvu currently employs around 3,000 people. 90% of its workforce is locally employed and so is 60% of its management. Nguvu subsribes to the responsible mining agenda and pursues leadership in the field of Safety, Health and Environmental management.