{"id":106533,"date":"2023-10-04T10:33:51","date_gmt":"2023-10-04T10:33:51","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/10\/04\/medeama-sc-agree-new-deal-nguvu-mining-as-new-shirt-sponsor\/"},"modified":"2023-10-04T10:33:51","modified_gmt":"2023-10-04T10:33:51","slug":"medeama-sc-agree-new-deal-nguvu-mining-as-new-shirt-sponsor","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/10\/04\/medeama-sc-agree-new-deal-nguvu-mining-as-new-shirt-sponsor\/","title":{"rendered":"Medeama SC agree new deal Nguvu Mining as new shirt sponsor"},"content":{"rendered":"

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Medeama Soccer Club have signed a deal with Nguvu Mining to become the club\u2019s new shirt sponsor for the 2023\/24 Ghana football season.<\/p>\n

Nguvu replaces Gold Fields Ghana Limited which has terminated its contract with the club.<\/p>\n

The new sponsorship\u00a0deal is between $300,000 to $400,000 a year.<\/p>\n

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The Ghana Premier League champions\u00a0will sign the deal on Friday, October 6, 2023, at a scheduled press conference in the Ghanaian capital, Accra.<\/p>\n

Nguvu Mining logo will be embossed on the club\u2019s\u00a0shirt for the new season in a massive financial relief for the CAF Champions League campaigners.<\/p>\n

The two-time Ghana FA champions have qualified for the group stage of Africa\u2019s elite inter-club competition after sterling heroics against Guinea giants Horoya AC \u2013 and that momentous feat was achieved for the first time of asking.<\/p>\n

About Nguvu Mining<\/strong><\/p>\n

The decision of Nguvu mining to sponsor the club has been timely as the Ghanaian champions marshal resources to compete against the cr\u00e8me de la cr\u00e8me of African football.<\/p>\n

Nguvu Mining was started by Angela List, a Ghanaian having over 20 years of experience in the mining industry, mainly in mining services<\/p>\n

The first acquisition of an operating mine was Adamus Resources Limited in Ghana, from Endeavour Mining in the last quarter of 2016.<\/p>\n

In 2018, Nguvu acquired Segala Mining SA in Mali, also from Endeavour Mining.<\/p>\n

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

This was followed by the acquisition of Northern Ashanti Mines Co. Ltd., formerly Owere mines, in Ghana.<\/p>\n

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.<\/p>\n

Other assets in the group include exploration licenses in Cote d\u2019Ivoire and Liberia.<\/p>\n

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.<\/p>\n

Nguvu currently employs around 3,000 people. 90% of its workforce is locally employed and so is 60% of its management.<\/p>\n

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