Engineers & Planners Obtains Black Volta and Sankofa Gold Projects

Engineers & Planners Company Ltd (E&P) have obtained all issued shares of the Black Volta and Sankofa Gold Projects from Azumah Resources Ghana Ltd and Upwest Resources Ltd.

The transfer of ownership follows a period of extensive negotiations and legal proceedings that underscored the complexities of international investment in Ghana’s mining sector, a statement by Azumah Resources Ghana Ltd & Upwest Resources Ghana Ltd confirmed.

“With this successful handover of equity ownership, the way is now paved for a new phase of project development led by a Ghanaian operator with proven technical and financial capacity.”

According to the statement, the transaction registered at the Registrar of Companies marks a decisive step in ensuring the long-term development of these critical mining assets.

It said the successful transfer demonstrates Ghana’s continuing attractiveness as a mining investment destination and the importance of aligning projects with operators who possess both the technical know-how and the financial strength to deliver.

“With the transfer completed, Azumah Resources Ghana and Upwest Resources Ghana recognise that the responsibility for developing these resources now rests with Engineers & Planners. The companies are confident that E&P, as one of Africa’s leading mining and civil engineering firms with a track record dating back to 1997, is well positioned to bring the projects into production.”

Established in 2014 under leases granted by the Government of Ghana, the Black Volta and Sankofa Projects hold significant potential for gold production but have remained undeveloped due to challenges in raising sufficient capital.

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