Business Description

Engineers and Planners Company Limited is a wholly owned Ghanaian Company incorporated in 1997 under the Ghana Companies Code of 1963. Core business involves Provision of Mining Support Services and Civil & Construction works. It is 100% owned by Mr. Ibrahim Mahama, a Ghanaian national.

Ibrahim Mahama – Chief Executive Officer

Mr. Mahama is a Business Executive and an Entrepreneur who has a strong passion and track record for developing and creating businesses.

His interest in private sector business began with the development of interest in heavy duty equipment whilst assisting his father on their mechanized rice farms in Tamale, Ghana. He developed a further interest in the U.K. where he resided for a period of five years and worked in the civil construction industry in Scotland. He also worked with M&M Properties in the U.K., a property development company.

Target Market

The Company’s target market is the West African Mining Industry. Engineers and Planners is the only wholly-owned Ghanaian mining service company and its strategy is to become the top wholly-owned Ghanaian contract mining company operating in Ghana and West Africa. It plans to achieve this through continued best practice and service to its existing client base and also to new entrants to the Ghanaian mining scene which has vast business opportunities.

Background

The company’s primary activity involves execution of civil and earthworks contracts. Scope of work includes:

E&P also has subsidiary companies engaged in:

E&P operates essentially in the Ghanaian Mining Industry which is a vast market place with massive opportunities.

By the end of 2004, the company had completed more than 20 key contracts valued at U$34m. These include:

Labour

Engineers & Planners operates a large fleet of mobile equipment and has a work force of some five hundred and ninety (590) employees to support operations. The workforce is made up of:

Fundamental to the success of Engineers & Planners is maintenance of a motivated and committed workforce. In recognition of this fact, management places priority on the welfare of its people by continually striving to improve the working environment and conditions of service. Good industrial relations exist and this is manifest in the fact that the company has never witnessed any strike action by its workers.

Operations

E&P seeks to expand into the mining industry in the West African region.

In its relatively short existence, Engineers & Planners has gained a reputation for successfully completing all of its contractual commitments, on time, and to client satisfaction.

List of contracts undertaken:

African Mining Services – Topsoil Stripping Contract – E&P commenced work on a contract for AMS for a topsoil stripping project at the Tarkwa open pit mine. The project required the haulage of 30,000 to 50,000 cubic metres of material per month. Two new Volvo A35D trucks and one Cat 345 Excavator were employed full time on the contract, which ran a double shift.

Bogoso Gold Ltd. – Haulage of Ore – This contract involved the loading and hauling of ore at designated ore stockpiles at Densu Central (5.5 km to Rom Pad) and Beposo Stockpile (8.75 km). Minimum monthly tonnage was 120,000 tonnes.

Prestea Sankofa Gold - E&P undertook a Tailings Dam Construction Project for Prestea Sankofa Gold Ltd. on 10 April 2000. The contract was completed in May 2001.

Land reclamation - In 1998, the company undertook Land Reclamation for Teberebie Goldfields using Hydro-seeding techniques, which requires soil arrangement and the installation of Geo-textile Lined Drains. Considerable expertise has been developed by the Company in this sector, and with increased monitoring of the environmental impact of mining activities, we expect land reclamation contracts to become more prevalent.

Plant and Equipment Hire – E&P has over the years made significant capital investments to augment its fleet of equipment to a level adequate to support operating as a main contractor to Gold Fields.