Ghana based, international contract mining and civil earthworks contractor, BCM, is expecting steady improvement over the next two years.
This comes after the company had a sluggish and problematic 2020/21, along with many in the industry, though it stabilized itself in 2022 and was able to bounce back in the third quarter.
Chief Executive Officer, Paul List, has confirmed that despite the global economic challenges, the BCM brand still remains strong and reputationally, client trust is still high.
After a difficult period, the company has been able to maintain its performance standards and quality portfolio of assets, and indicates that for the year 2023 there are several new and existing business opportunities that they will be taking advantage of, and growing, in Cameroon, Egypt, Guinea, Sierra Leone, Ivory Coast and Jordan.
With several joint venture opportunities in these countries BCM has also been able to improve and increase its mining response operations in Sierra Leone at its Tonkolili site, and anticipates further growth in its Jordan operations.
The Chief Executive, notes that “slippage and internal mismanage of group resources is now a thing of the past, and with the company, internationally better placed, he looks forward to being able to serve group clients, even better”.
He also points out that although the company has been successful in building a quality portfolio of assets they will spend the next two years, in rationalizing owned operations to coincide with the overall vision of the organization, and no new acquisitions are anticipated.
The focus for BCM he says, “is a clear focus in the medium term, on the best projects that BCM can properly develop.”
Group, operations Head, Isaac Ackun, alsoconfirms that with the large fleet at its disposal, strategically located across the sub region, BCM is able to quickly deploy to new mine operations, and that they are currently also in the process of adding to the fleet and equipment numbers, to service new operations on the continent.
He confirmed that he does not anticipate a radical change in the way BCM operates, at its mines sites, especially when the existing safety culture has ensured another fatality free year across all BCM operations, a record unequalled in the industry.
“The group is determined to maintain a robust business improvement system culture, in order to operate much more efficiently and better support its clients,’ he said.