Asanko Gold Ghana Limited has extended an existing mining services contract with indigenous provider Rabotec Ghana Limited in a $400 million deal that strengthens local participation and value retention within Ghana’s mining sector.
The agreement represents an extension and expansion of an ongoing contract between the two companies, following Rabotec’s strong performance over the initial contract period.
The company demonstrated consistent delivery across safety, production and operational reliability, providing the basis for the expanded scope.
Speaking at the signing ceremony in Accra, Managing Director of Asanko Gold Ghana Ltd, Dr Charles Amoah said the decision reflects both demonstrated capability and a deliberate strategy to deepen Ghanaian participation in the mining value chain.
“This builds on a long-standing relationship and reflects the next phase of our work together. It also follows Rabotec’s strong performance, giving us confidence in their ability to take on this next phase,” he noted.
He added that the contract reflects a clear business approach to retaining more value within the domestic economy while strengthening indigenous capacity.
“This is not simply a contract. It reflects a clear business decision that supports Ghana’s Local Content agenda and retains more value within the country,” he stated.
Under the agreement, the partnership is expected to support approximately 3,000 direct jobs and 5,000 indirect jobs, while strengthening domestic supply chains and enterprise development.
Rabotec’s Chief Executive Officer, Alhaji Ali Ibrahim described the contract as a milestone in the company’s evolution from smaller scopes of work to large-scale mining operations.
“Today formalises a partnership built on years of delivery, discipline and proven capability,” he said, noting that the company’s growth reflects both sustained performance and the enabling environment created by Ghana’s local content framework.
He added that Rabotec’s track record in safety and production performance has positioned it to take on expanded responsibility, while continuing to invest in skills development, employment and local procurement.
Rabotec, which employs a fully Ghanaian workforce, has spent over $8 million on local suppliers in the past two years and continues to prioritise Ghanaian businesses within its supply chain.
The Chief Executive Officer of the Minerals Commission (MINCOM), who attended the ceremony, commended both companies for advancing Ghanaian participation in the mining sector through a performance-led partnership.
He noted that he had personally observed Rabotec’s work and could attest to its capability and delivery, describing the agreement as a practical demonstration of Ghana’s local content policy in action.
He further assured both parties of the Commission’s full support for the successful execution of the contract.
The agreement also reflects the growing competitiveness of Ghanaian-owned mining services firms, with Rabotec expanding its footprint beyond Ghana into markets including Guinea, Sierra Leone, Mali and Mauritania.
For Asanko, the contract extension reinforces a disciplined approach to responsible mining, linking operational performance with measurable economic value through job creation, skills development and long-term enterprise growth.
Source: www.kumasimail.com
