April 27, 2017 2:33 PM ET

Metals and Mining

Company Overview of African Mining Services (Ghana) Pty Ltd.

Company Overview

African Mining Services (Ghana) Pty Ltd. provides mining contracting services to explore, develop, and mine resources in Africa. It offers load and haul services, such as clearing, pre-strip, access and haul road construction, dewatering, excavation, loading, hauling, dumping, and equipment hire; drill and blast services; grade control drilling services; and exploration drilling services, including reverse circulation, diamond drilling, rotary air blast, and air core drilling services. The company also provides underground mining services, such as consulting, feasibility, management, planning, mine development, and production; sample preparation services that include portable setups for samp...

No.13 Patrice Lumumba Road

Airport Residential Area

PMB KIA

Accra,  2335

Ghana

Founded in 1996

Phone:

233 302 611333

Fax:

233 302 763274

Key Executives for African Mining Services (Ghana) Pty Ltd.

Chief Operating Officer of African Operations
General Manager
Compensation as of Fiscal Year 2016.

African Mining Services (Ghana) Pty Ltd. Key Developments

African Mining Services Receives New Contract at Natougou Gold Project

Ausdrill Limited announced that its wholly owned subsidiary, African Mining Services (AMS) has received a Letter of Intent from Semafo Boungou S.A. (SMFB) for the award of a mining contract at its Natougou project in Burkina Faso, West Africa. AMS will provide contract mining services to SMFB at its Boungou gold mine, which forms part of the Natougou project. The contract is expected to generate approximately AUD 370 million in revenue over a contract term of five years, with mining expected to commence in April 2017. The project will require capital expenditure of approximately AUD 55 million for the acquisition of new equipment, which will be funded from cash reserves. AMS anticipates it will employ approximately 235 personnel to complete the works, the majority of whom will be local.

African Mining Services Receives Yanfolila Contract by Hummingbird Resources

Ausdrill Limited announced that its wholly owned subsidiary, African Mining Services (AMS), has been awarded a contract to provide mining services at the Yanfolila gold mine for Hummingbird Resources. The contract is for a term of three-years, with an option to extend by a further year. The contract is expected to generate approximately AUD 147 million in revenue over three years, with mining anticipated to commence in the second half of 2017. AMS anticipates it will employ approximately 450 personnel to complete the works, the majority of whom will be local. The project will require capital expenditure of approximately AUD 50 million for the acquisition of new equipment.

Toro Gold Appoints African Mining Services as Preferred Contractor

Ausdrill Limited announced that the company's wholly owned subsidiary, African Mining Services (AMS), appointed as preferred contractor by Toro Gold. The principal terms and conditions of the appointment are subject to full detailed documentation. AMS expects to enter into a contract with Petowal Mining Company SA, a wholly owned subsidiary of Toro Gold Limited, to provide a full suite of open pit mining services at the Mako project located in Senegal, West Africa. The contract is expected to generate approximately AUD 300 million in revenue over a term of 75 months, with mining expected to commence in January 2017.

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Recent Private Companies Transactions

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