Introduction

In a significant move to expedite gold production in Ghana, Engineers & Planners (E&P) and its subsidiary, Azumah Resources Ghana Ltd, have signed a $37.5 million procurement agreement with FLSmidth (FLS), a leading Danish mining equipment manufacturer. This strategic partnership aims to accelerate the development of the Black Volta and Sankofa gold concessions, positioning Ghana as a key player in the global gold mining industry.

The deal focuses on procuring long-lead mining equipment, which typically requires up to a year for manufacturing. By securing these critical components early, E&P and Azumah Resources are set to reduce project timelines and achieve full-scale gold production more efficiently.

Key Points

Background

The Black Volta and Sankofa Gold Concessions

The Black Volta and Sankofa gold concessions are located in Ghana, a country renowned for its rich gold reserves. These concessions have been the subject of significant investment and development efforts, with E&P and Azumah Resources leading the charge to unlock their full potential.

In October 2025, E&P finalized a $100 million agreement to acquire full ownership of these concessions from former foreign shareholders of Azumah Resources Ghana Ltd. This acquisition resolved prolonged ownership disputes and paved the way for accelerated project development.

FLSmidth: A Leader in Mining Equipment

FLSmidth is a globally recognized provider of mining equipment and engineering solutions. With a strong reputation in the industry, FLSmidth specializes in delivering high-quality, efficient, and reliable equipment tailored to the needs of mining operations worldwide.

Analysis

Strategic Importance of the Agreement

The $37.5 million procurement agreement is a strategic milestone for E&P and Azumah Resources. By securing long-lead equipment early, the companies can mitigate delays commonly associated with manufacturing and logistics in the mining sector.

Noel Addo, Director of Azumah Resources, emphasized the importance of this agreement: “These items will take close to forty-six weeks to manufacture, so we need to pay for them now while we continue sourcing other components. That is the essence of today’s ceremony. FLS is well known in the mining industry—their presence alone gives us significant leverage.”

Impact on Gold Production Timeline

The procurement of critical equipment, such as gyratory and Raptor cone crushers, SAG and ball mills, and processing systems, is expected to shorten the project timeline significantly. With delivery scheduled for 2026 and mine start-up planned for 2027, E&P and Azumah Resources are on track to achieve full-scale gold production ahead of schedule.

FLSmidth’s Role in the Project

FLSmidth’s involvement extends beyond equipment supply. The company will provide engineering support, site installation, commissioning, training, and performance guarantees for the processing plant. This comprehensive support ensures that the project is executed efficiently and meets the highest industry standards.

Alistair Mackay, FLS Vice President for Capital Sales in Europe, Arabia, and Africa, stated: “The signing today is focused on the long-lead items, which involve a substantial amount of equipment. We expect installation to begin early next year, with construction anticipated six months from now.”

Practical Advice

For Investors

Investors interested in Ghana’s gold mining sector should closely monitor the progress of the Black Volta and Sankofa concessions. The strategic partnership between E&P, Azumah Resources, and FLSmidth signals strong potential for return on investment as the project moves toward full-scale production.

For Industry Professionals

Mining professionals can learn from this agreement’s emphasis on early procurement of long-lead equipment. Securing critical components ahead of time can significantly reduce project timelines and improve overall efficiency.

For Local Communities

Local communities near the Black Volta and Sankofa concessions may benefit from job creation and economic growth as the project progresses. Engaging with project stakeholders and staying informed about development plans can help communities prepare for potential opportunities.

Frequently Asked Questions (FAQ)

What is the significance of the $37.5 million agreement?

The agreement ensures the timely procurement of long-lead mining equipment, which is critical for accelerating the development of the Black Volta and Sankofa gold concessions.

What equipment is included in the procurement?

The procurement covers a range of equipment, including gyratory and Raptor cone crushers, SAG and ball mills, pre-leach thickeners, screens, apron feeders, KREBS cyclones, pumps, and processing systems.

When is the equipment expected to be delivered?

Delivery is scheduled for 2026, with mine start-up planned for 2027.

What role will FLSmidth play in the project?

FLSmidth will provide engineering support, site installation, commissioning, training, and performance guarantees for the processing plant.

How will this agreement impact gold production in Ghana?

The agreement is expected to fast-track gold production in the Black Volta and Sankofa concessions, positioning Ghana as a key player in the global gold mining industry.

Conclusion

The $37.5 million procurement agreement between E&P, Azumah Resources, and FLSmidth marks a significant step forward in the development of Ghana’s Black Volta and Sankofa gold concessions. By securing long-lead equipment early and leveraging FLSmidth’s expertise, the project is well-positioned to achieve full-scale gold production by 2027.

This strategic partnership highlights the importance of early planning and procurement in the mining industry, offering valuable insights for investors, industry professionals, and local communities alike. As the project progresses, it is expected to contribute significantly to Ghana’s economy and solidify its reputation as a leading gold-producing nation.

Sources

• Life Pulse Daily. (2025, December 12). E&P, Azumah Resources signal $37.5m deal for FLSmidth to boost gold initiatives. Retrieved from [Life Pulse Daily](https://www.lifepulsedaily.com)
• FLSmidth. (2025). FLSmidth to supply mining equipment for Ghana’s Black Volta and Sankofa concessions. Retrieved from [FLSmidth Official Website](https://www.flsmidth.com)
• Engineers & Planners (E&P). (2025). Press Release: E&P and Azumah Resources Secure $37.5M Deal with FLSmidth. Retrieved from [E&P Official Website](https://www.eandp.com.gh)