E&P and Azumah Resources Ink $37.5m Gold Deal with FLSmidth
Engineers & Planners (E&P) and its subsidiary, Azumah Resources Ghana Ltd, have secured a $37.5 million agreement with Danish mining technology firm, FLSmidth (FLS), to expedite the development of the Black Volta and Sankofa gold concessions.
The contract encompasses vital long-lead equipment – crushers, mills, processing systems, and associated technical support – which typically require up to a year for manufacturing. This move is anticipated to significantly reduce E&P’s project timeline as they progress towards full-scale gold production.
Noel Addo, Director of Azumah Resources, emphasized the strategic importance of the deal following the signing ceremony. “These items will take close to forty-six weeks to manufacture, so proactive procurement is essential while we continue sourcing other components,” he stated. “FLS’s established reputation in the mining industry provides us with considerable confidence and leverage.”
Alistair Mackay, FLS Vice President for Capital Sales in Europe, Arabia, and Africa, affirmed his company’s commitment to delivering cutting-edge technology for enhanced efficiency and output. “Today’s signing focuses on the long-lead equipment, a substantial component of the project,” Mackay explained. “We foresee installation commencing early next year, with construction expected to begin approximately six months from now.”
This procurement follows E&P’s successful $100 million settlement in October 2025, which finalized the full acquisition of the Black Volta and Sankofa concessions from previous foreign shareholders of Azumah Resources Ghana Ltd. The settlement resolved a protracted ownership dispute, clearing the path for accelerated development.
Under the terms of the agreement, FLS will supply a comprehensive range of processing and mining equipment, including:
- Gyratory and Raptor cone crushers
- SAG and ball mills
- Pre-leach thickener
- Screens and apron feeders
- KREBS cyclones and pumps
- Absorption, desorption, refining, and detox systems
Beyond equipment supply, FLS will also provide crucial engineering support, on-site installation, commissioning services, operator training, and a performance guarantee for the entire processing plant. Delivery is slated for 2026, well in advance of the planned mine start-up in 2027, positioning E&P and Azumah Resources for swift progress towards gold production.
Image Source: MYJOYONLINE
