FLSmidth Clinches DKK 235 Million Black Volta Gold Supply Contract in Ghana

2025-12-26 03:03:07

Abstract generation in progress

Mining equipment supplier FLSmidth & Co. A/S has landed a major contract to become the principal technology supplier for Ghana’s Black Volta gold mining operation. The deal, valued at approximately DKK 235 million, was secured in Q4 2025 and represents a significant win in the competitive equipment supply sector.

Project Scope and Equipment Delivery Timeline

The agreement encompasses a comprehensive package of heavy equipment and processing systems essential for gold extraction operations. FLSmidth will deploy crushers, grinding mills, thickeners, screening units, feeding systems, cyclones, and pumping infrastructure. The scope extends to complete gold recovery and refining technology, including absorption units, desorption systems, and detoxification equipment.

Under the contract terms, delivery is targeted for 2026, positioning the supplier well ahead of the mine’s planned operational launch in 2027. This timeline demonstrates FLSmidth’s readiness to support the project’s aggressive development schedule.

Complete Technical Support Services

Beyond hardware supply, the DKK 235 million contract includes comprehensive technical backing throughout the project lifecycle. FLSmidth will provide engineering support during the detailed design phase, on-site installation assistance, system commissioning guidance, and workforce training programs. The package further encompasses spare parts provisioning and performance guarantees for all supplied process equipment.

Market Response

The announcement reflects growing investor confidence in FLSmidth’s market position. Stock trading on the Copenhagen Stock Exchange showed positive momentum, with shares climbing 1.47% to reach DKK 426.80 per share, signaling market approval of the company’s contract performance.

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