Azumah Resources Ghana Limited has strongly pushed back against Engineers & Planners (E&P) in their ongoing dispute over the Black Volta Gold Project, insisting that Ghana’s next major gold mine must be developed by credible and capable partners.
In a press release issued on July 8, Azumah reaffirmed its commitment to transparency and lawful development, while criticizing E&P for failing to deliver on promised funding.
“We are confident that this Government will continue ensuring investor confidence and fair treatment,” the company stated, also thanking the Government of Ghana for upholding the rule of law.
Spokesperson John Mason said Azumah is dedicated to ensuring the project benefits Ghanaians and warned that E&P’s performance poses a serious risk to the country’s interests.
“When we sought Ghanaian participation, E&P offered to invest over $250 million, yet only $4 million has been delivered,” Mason said. “We have since secured backing from global investors with a track record of over $10 billion in mine development.”
He accused E&P of making misleading public claims and failing to provide any formal offer or investment in Azumah, adding that the company currently holds no shares.
Azumah Project Director Rob Cicchini emphasized that Ghana’s development must be led by those who can deliver. “A sale to E&P, without proof of full financing, would harm Ghana’s national interest.”
Cicchini warned that without proper funding, the project could stall, costing local communities jobs and growth.
Azumah also condemned E&P’s media campaign, calling it a “staged event” that could damage Ghana’s international mining reputation.
“We urge regulators and the public to disregard these misleading statements,” the company said, calling for the matter to be settled through international arbitration rather than media battles.
Azumah concluded by assuring stakeholders of its commitment to transparency and its intent to pursue all legal remedies to protect its interest in the Black Volta Gold Project.
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