Ghana Premier League

Medeama set to announce bumper sponsorship deal; Check details

Medeama set to announce bumper sponsorship deal; Check details

Ghanaian champions, Medeama SC are on the verge of announcing a mouth-watering sponsorship deal with top mining firm, Nguvu Mining Limited, Getsportsgh.com can exclusively report.

According to reports reaching Getsportsgh.com, Nguvu Mining Limited have reached an agreement with Medeama SC to become a sponsor of the club in their CAF Champions League campaign.

Medeama SC are expected to announce the deal worth $300,000 in the coming days after a fruitful agreement.

The deal is to cushion Medeama SC in their 2023/24 CAF Champions League campaign after booking a ticket to the group stage of the competition.

Medeama eliminated Guinean giants Horoya AC to secure their historic CAF Champions League group stage ticket with 4:3 aggregate score-line.

Nguvu Mining was started by Angela List, a Ghanaian having over 20 years of experience in the mining industry, mainly in mining services.

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The first acquisition of an operating mine was Adamus Resources Limited in Ghana, from Endeavour mining in the last quarter of 2016.

In 2018, Nguvu acquired Segala Mining SA in Mali, also from Endeavour mining.

In 2019, the group acquired 80% of Samira Hill SA, a mine in Niger, formerly owned by Semafo Inc, from the government of Niger.

This was followed by the acquisition of Northern Ashanti Mines Co. Ltd., formerly Owere mines, in Ghana.

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.

Other assets in the group include exploration licenses in Cote d’Ivoire and Liberia.

Nguvu currently recovers, produces and sells around 250,000 Oz of gold on an annual basis. This production is expected to grow further from current operations and new developments.

Nguvu currently employs around 3,000 people. 90% of its workforce is locally employed and so is 60% of its management.

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