March 01, 2015 12:01 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; grade control drilling; and exploration drilling, including reverse circulation, diamond drilling, rotary air blast, and air core drilling. The company also provides underground mining services, such as consulting, feasibility, management, planning, mine development, and production; sample preparation that includes portable setups for sample homogenization, drying, crushing, pulveri...

No.13 Patrice Lumumba Road

Airport Residential Area

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 of African Mining Services
Compensation as of Fiscal Year 2014.

African Mining Services (Ghana) Pty Ltd. Key Developments

African Mining Services Wins Contracts with Anglogold Ashanti

African Mining Services has successfully secured contracts with AngloGold Ashanti - Iduapriem. A 12 month contract to provide mining services to AngloGold Ashanti at its Iduapriem gold mine, located in Ghana, with the 12 month contract valued at approximately $18 million. AngloGold Ashanti - Siguiri A 36 month contract to provide mining services to AngloGold Ashanti at its Siguiri gold mine, located in Guinea, with a contract value of approximately $135 million. The contract award is dependent on the successful signing of a commercial agreement which is currently under way. The above contracts require minimal capital expenditure as most of the equipment will be sourced internally. Endeavour Mining - Nzema Gold A five year contract extension to Endeavour Mining at its Nzema gold mine, located in Ghana, where AMS has been providing open pit mining services since 2010. This contract extension is valued at approximately $147 million.

Azumah Resources Limited Enters into Strategic Alliance with Ausdrill Limited and African Mining Services

Azumah Resources Limited has entered into a strategic alliance with Ausdrill Limited and African Mining Services to advance the company's Wa Gold Project, in north west Ghana. Under the alliance Ausdrill will invest $2 million in Azumah through a 2 year unsecured converting note which Ausdrill may convert into Azumah shares at $0.05 per share anytime prior to expiry. Azumah has also appointed AMS as its preferred contract mining services provider. AMS submitted the most competitive tender for contract mining services as part of Azumah's Stage One Feasibility Study in 2012. A revision of the Study is underway underpinned by a major increase in the JORC Mineral Resource to over 2.2Moz gold (40Mt at 1.7g/t Au). Under the alliance the parties have undertaken to work together on a collaborative and transparent basis to optimise the mining components of the Project, to ensure that the most competitive terms for mining costs are input into the revised Study and subsequently to negotiate a mutually satisfactory contract mining services arrangement.

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