What PAMICOR Limited does

PAMICOR Limited is a wholly Ghanaian-owned mining services contractor headquartered in Accra, Ghana, founded in 1993 and operating across West Africa. The company provides an integrated portfolio of services to Tier-1 gold mining operators, including contract mining (drill & blast and load & haul), underground raise boring and shaft sinking via a strategic joint venture with Master Drilling (JSE: MDI), tailings storage facility (TSF) construction and management, geotechnical and hydrological investigations, water management system operations, labour outsourcing, drilling services (RC, DD, BH), and mining equipment leasing. Named enterprise customers include AngloGold Ashanti (Obuasi Mine), Asante Gold Corporation (Chirano and Bibiani Mines), Newmont (Ahafo), and Endeavour Mining (Houndé Gold Operation in Burkina Faso).

The technical foundation rests on a Sandvik i-Series underground fleet (DD422i intelligent jumbo, DL311 and DL420-10C longhole production drills, LH621i loaders, TH663i trucks) supported by Master Drilling's specialised shaft sinking and raise boring fleet through the JV. Pamicor also acquired a Gouda Geo-Equipment (Netherlands) Cone Penetration Testing with Pore Pressure (CPTu) system with seismicity options for high-resolution geotechnical work. Operations run to ISO 45001:2018 occupational health and safety standards under a documented zero-harm management system, with a verified 65,000-man-hour zero-injury record on the Houndé TSF Diversion Channel project.

Revenue is generated through bespoke enterprise contracts negotiated on a project basis with mining operators (no public rate cards); go-to-market is direct enterprise field sales, supplemented by conference presence at the Minerals Commission Local Content Summit, AusIMM events, and CSR/earned media. The company has a wholly-owned Burkina Faso subsidiary (Pamicor Burkina), active operations in Guinea, and a Niger mining permit (Teras 3), with an expanding footprint across Anglophone and Francophone West Africa. Headcount is stated at 87 (firmographics) versus 100+ on the careers page; no external funding rounds or parent ownership are disclosed.

Name

PAMICOR Limited

Legal name

PAMICOR Limited

Website

https://pamicor.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

51–100 employees

Short description

PAMICOR Limited is a Ghanaian-owned mining services contractor delivering contract mining, raise boring, shaft sinking, tailings management, geotechnical investigations, and labour outsourcing to Tier-1 gold mining majors across Ghana, Burkina Faso, and Guinea.

Ownership category

akta.pro rank

Product category

Mining Services

NAICS

Support Activities for Metal Mining (213114), Support Activities for Mining (21311)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530), Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532)

akta.pro primary industry

Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul) (IMAKAKAD)

akta.pro secondary industries

Contract Crushing, Screening & Materials Handling (In-Pit/ROM, Conveying, Stockpiling) (IMAKAKAH), Mine Surveying & Geospatial Services (Survey, Drone/LiDAR, GIS, Grade Control) (IMAKAKAK), Mine Site Support Services (Camp/Catering, Security, Fuel & Lubricants, Water, Waste, Roads) (IMAKAKAE), Project & Construction Management (EPCM, Owner’s Engineer, Scheduling/Controls) (IMAKAOAG)

Keywords

• Contract mining services
• Underground mining services
• Tailings storage management
• Geotechnical investigations
• Labour management services

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Contract Mining Services: Turnkey drill & blast and load & haul solutions delivered to mining operators. Pamicor manages all aspects of mining operations including mine planning, drilling, blasting, loading, hauling, and production management to deliver verified BCM (bank cubic metre) targets. Revenue is earned through service contracts with major gold mining companies across West Africa.
2. Labour Management Services: Supply of fully L.I. 2431 compliant skilled workforce including mechanics, operators, and engineers. Services include payroll management, union negotiations, welfare administration, and OEM-certified technical personnel deployment. Revenue generated through workforce supply contracts with mining clients.
3. Tailings Storage Facility (TSF) Management: Full lifecycle tailings storage facility services including TSF construction and lift-ups (embankment walls, liner installation, underdrainage), slurry and water management, and environmental monitoring. Earned through civil works and managed services contracts with mining operators.
4. Geotechnical & Hydrological Investigations: Site investigations, geophysical surveys, SCPTu testing, instrumentation installation (piezometers, inclinometers, TDRs), laboratory testing (soil/rock mechanics, tailings-specific testing), and QA/QC services for mining and civil construction clients.
5. Raise Boring & Shaft Sinking: Specialized raise boring services for excavation of vertical or inclined shafts, and full turnkey shaft sinking solutions delivered through the Master Drilling joint venture. Advanced equipment and expertise ensure precise and timely project completion.
6. Mining Equipment Leasing Services: Flexible leasing options for a wide range of mining equipment including heavy machinery and specialized tools, helping clients reduce capital investment while ensuring access to reliable, state-of-the-art equipment.
7. Water Management System Services: Operations management of water treatment plants including monitoring, equipment management, data collection and reporting, and lab services. Maintenance and asset management covering preventive, predictive, and corrective maintenance.
8. Drilling Services: Professional drilling services including Reverse Circulation (RC), Diamond Drilling (DD), and Blast Hole (BH) drilling for exploration and mining needs.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

PAMICOR Limited provides turnkey underground mining services to gold mining majors in West Africa, including contract mining (drill & blast, load & haul), raise boring and shaft sinking, tailings storage facility construction and management, geotechnical and hydrological investigations, drilling services (RC, DD, BH), water management, labour supply, and mining equipment leasing. Services are delivered through strategic partnerships with Master Drilling and Sandvik, using a 100% L.I. 2431 compliant indigenous Ghanaian workforce and ISO 45001:2018 safety standards.

Product overview

PAMICOR Limited is a Ghanaian indigenous mining services provider offering an integrated portfolio of underground mining and construction services. The core offerings include Contract Mining (turnkey drill & blast and load & haul solutions), Labor Management Services, Raise Boring, Mine Equipment Leasing, Tailing Management & Waste Minimization, Geotechnical & Hydrological Investigations, Water Management Systems, and Drilling Services (RC, DD, BH). Services are delivered through strategic partnerships with Master Drilling (JSE: MDI) for shaft sinking and raise boring, and Sandvik for equipment and technical training. The company operates a 100% Sandvik underground fleet including Sandvik DL311, DL420-10C, DD421, DD422i, LH621i, and TH663i. All services maintain ISO 45001:2018 safety standards and L.I. 2431 local content compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Contract Mining
• Labour Management Services
• Tailing Management and Waste Minimization
• Geotechnical and Hydrological Investigations
• Raise Boring
• Mine Equipment Leasing Services
• Water Management System
• Drilling Services

Quantifiable outcome

• 65,000 man hours completed with zero lost-time injuries at Houndé Gold Operation TSF project
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Asante Gold CorporationcoreStrategic or Co-development Partner · 11 March 2026Pamicor commenced Underground Development Mining Project with Asante Gold Corporation at Bibiani Mine in March 2026. The contract marks a major expansion of Pamicor's portfolio. Pamicor also provides services at Asante Gold Chirano Mine. The partnership is grounded in transparency, safety, and operational efficiency, with Pamicor's deep expertise in underground mine development (raise boring, shaft sinking, complex drilling operations) combined with Asante Gold's established Ghana footprint.
• Sandvik Mining and Construction Ghana LtdcoreTechnology or Integration · 15 September 2023Longstanding technical training partnership with Sandvik for the Graduate Maintenance Training Programme and Technician Training Program. Sandvik provides OEM-certified training at the Sandvik Training Academy, with participants gaining hands-on practical experience at live mine sites. The programme produces maintenance professionals technically excellent and operationally safe, aligned with Sandvik equipment (DL311, DL420-10C, DD421, DD422i, LH621i, TH663i) deployed at Pamicor sites. The programme is in its third cohort (commenced February 2026) following a 15-month structured development journey.
• Master Drilling (JSE: MDI)coreStrategic or Co-development PartnerStrategic joint venture with Master Drilling (JSE: MDI) for shaft sinking and raise boring solutions in West Africa. Through this partnership, Pamicor deploys the Master Drilling fleet combining world-class technology with local execution capability. The partnership enables turnkey underground mining solutions and extends across Ghana and the wider West African region. Kofi P. Amponsah-Mensah serves as Director of both Pamicor and Master Drilling Ghana Ltd. In April 2024, the partnership was further solidified when Master Drilling Ghana sealed the deal with Pamicor, empowering Master Drilling Ghana to deliver comprehensive turnkey solutions to the underground mining sector through Pamicor's local expertise and workforce.
• AngloGold AshanticoreStrategic or Co-development PartnerLongstanding operational collaboration at AngloGold Ashanti Obuasi Mine, where Pamicor provides underground mining and labour services. Pamicor has been recognized at AGA Obuasi Mine Contractor CSR Excellence Awards for both operational performance and community investment. The relationship exemplifies Pamicor's trusted partnership with global majors at Tier-1 mine sites.
• Knight PiesoldminorImplementation/ SI/ Consulting PartnerKnight Piesold served as the consulting engineer for the TSF Diversion Channel at Houndé Gold Operation (Endeavour Mining) in Burkina Faso. Pamicor Burkina completed the civil works under Knight Piesold's engineering oversight and inspection regime, which accompanied delivery throughout the 153-day project.
• AusIMM Tarkwa Student ChapterminorGTM or Marketing PartnerPamicor served as Conference Chair and sponsor of the AusIMM Tarkwa Student Chapter's 11th Annual Conference 2026 on 'Workforce of the Future: Building Capacity for a Changing Mining Industry.' Co-sponsored alongside A4 Mining Services, Geocrest, and Master Drilling. Supports Pamicor's workforce development philosophy and builds the future mining talent pipeline.
• Gouda Geo-Equipment B.V. (Netherlands)coreTechnology or IntegrationAcquisition of a state-of-the-art Cone Penetration Testing with Pore Pressure (CPTu) system manufactured by Gouda Geo-Equipment B.V. of the Netherlands. The system includes seismicity measuring options for continuous high-resolution soil profiling and positions Pamicor as one of the only indigenous West African contractors with this level of precision geotechnical testing capability.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• African Mining Services (AMS): Australia-owned underground contract mining specialist with significant Ghanaian gold mine operations (including AngloGold Ashanti contracts). Closest head-to-head competitor for the same L.I. 2431 underground scopes Pamicor pursues.
• Byrnecut Offshore: One of the world's largest underground mining contractors with established West African gold mine operations. Directly comparable as a Tier-1 underground contract miner competing for the same major gold scopes as Pamicor.
• Capital Drilling: Exploration and production drilling contractor operating across West Africa. Directly comparable for the RC, DD, and blast hole drilling services that form part of Pamicor's offering.
• Dumas Brothers Contracting: Canadian underground mining contractor with West African underground gold experience. Competes with Pamicor for raise boring, shaft sinking, and underground development contracts.
• Barminco (Perenti Global): Global underground hard-rock mining contractor within Perenti Global, with growing West African gold footprint. Competes for the same Tier-1 underground contract mining scopes served by Pamicor.
• Macmahon Holdings: ASX-listed mining services contractor with underground and surface capabilities, including West African gold operations. Directly comparable as a diversified underground contract miner serving Tier-1 majors in similar jurisdictions.
• Master Drilling: JSE-listed raise boring and shaft sinking specialist with deep West African operations. Pamicor's strategic JV partner but also operates its own raise boring services that compete for the same underground scopes in Ghana and Burkina Faso.
• Rocksure International: Ghana-based mining services contractor providing drilling, blasting, and load & haul services to West African gold mines. Most direct local West African competitor for Pamicor's contract mining business.

Others

• Sandvik Mining and Rock Technology: OEM equipment supplier and Pamicor's core technology/training partner (Sandvik fleet and Graduate Maintenance Training Programme). Enabling partner whose equipment underwrites Pamicor's underground fleet competitiveness.
• Knight Piésold: Global mining and tailings consulting engineering firm that served as consulting engineer on the Houndé TSF project with Pamicor. Adjacent enabling partner for Pamicor's TSF and geotechnical service lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/PamicorLtd
• LinkedInlinkedin.com/company/pamicor-ltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PAMICOR Limited