Azumah Resources, Upwest Resources Transfer Ownership of Gold Projects to Engineers & Planners
Azumah Resources Ghana Ltd and Upwest Resources Ltd, owners of the Black Volta and Sankofa Gold Projects, have officially transferred full ownership of the companies to Engineers & Planners Company Ltd (E&P).
The transaction, which has been duly registered at the Registrar of Companies, follows extensive negotiations and legal proceedings that highlighted the complexities of international investment in Ghana’s mining sector. With the completion of the transfer, Engineers & Planners, a wholly Ghanaian-owned firm, now takes charge of advancing the projects toward production.
Established in 2014 under leases granted by the Government of Ghana, the Black Volta and Sankofa projects have long been recognized for their significant gold potential. However, challenges in raising s...