Ghana Premier League giants, Medeama SC have unveiled Nguvu Mining Limited as the new headline sponsors for the club.
Nguvu Mining replaces Gold Fields Ghana Limited who have terminated their contract with the club.
Nguvu Mining's logo will prominently feature on Medeama's renowned Mauve and Yellow jerseys for the Ghana Premier League and the CAF Champions League campaign.
The mining company will also provide crucial financial support to the club.
Meanwhile, Medeama SC will know their group opponents in the CAF Champions League later today.
About Nguvu Mining
The decision of Nguvu Mining to sponsor the club has been timely as the Ghanaian champions marshal resources to compete against the crème de la crème of African football.
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.
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.