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Engineers and Planners (E&P), a mining contracting firm owned by Ghanaian tycoon Ibrahim Mahama, has signed a $230-million Caterpillar equipment financing deal with the Mansour Group of Dubai and Egypt.
The list of equipment under this facility includes 50 units of CAT 785, 30 units of CAT 777, 5 units of CAT 992K, 20 units of CAT D9R. Other equipment includes water bowsers, fuel bowsers, motor graders, and backhoes.
The deal reached by Engineers and Planners and Caterpillar will have a substantial impact on the mining industry in Ghana and Sub-Saharan Africa.
E&P is an indigenous Ghanaian-owned mining and construction contracting firm based in Accra, Ghana.
E&P has successfully completed world-class projects such as road construction, mining projects, tailings dam construction, landfill site construction, leach pad construction, and land reclamation since its foundation in 1997.
E&P has the capacity, experience, and knowledge to complete large hard rock mining operations. E&P has completed mining projects in both Ghana and Liberia.
E&P has accumulated extensive experience in hard rock mining over the past 25 years.
E&P is now involved in hard rock contract mining for Gold Fields Ghana Limited’s world-class Tarkwa mine and Abosso Goldfields Limited’s Damang mine.
E&P also performed hard rock mining for Golden Star (Wassa) Limited between January 2010 and May 2014.
Abosso Goldfields Limited has requested that E&P take over the Damang Complex Pit as the primary mining contractor.
Mahama, 52, is also the founder of Dzata Cement. He is the younger brother of Ghana’s former President John Mahama.
