Azumah Resources Ghana Limited has secured a $37.5 million agreement with Danish engineering firm FLSmidth for the supply of advanced mining equipment to develop the Black Volta and Sankofa gold concessions in the Upper West Region.
The deal was signed at a ceremony held at the Marriott Hotel in Accra on Friday, December 12, 2025, paving the way for full-scale operations expected within the next 21 months.
The partnership emphasises environmentally responsible gold mining, with Azumah Resources prioritising sustainability amid concerns over illegal mining (galamsey), environmental damage, and job scarcity in mining communities.
Noel Addo, Director of Azumah Resources Ghana Limited, underscored the company’s focus on a green transition.
“Everything done at the mine is with green transition in mind. Over 1,700 jobs will be created across the value chain for community members,” Mr Addo said.
He also acknowledged substantial backing from businessman Ibrahim Mahama, the sole external shareholder, who has provided $500,000 monthly since October 2023 to stabilise and revive the company.
Mr Addo rejected rumours suggesting the investment aimed to seize control of the mine, citing Mr Mahama’s familial ties to former President John Dramani Mahama.
“These claims are completely untrue. Mr Mahama’s support has been instrumental, but it does not amount to acquiring the mine,” he clarified.
Alistair Mackay, FLSmidth’s Vice President for Capital Sales in Europe, Arabia, and Africa, highlighted the deployment of high-efficiency equipment.
“The signing today is really around the long-lead items, so there’s going to be a lot of equipment. We expect to install the detailed components early next year, and anticipate that six months from now, we will see construction,” Mr Mackay noted.
The collaboration is poised to harness the Upper West Region’s mineral wealth while advancing responsible mining standards and driving local economic growth.