Engineers & Planners (E&P) Company Limited has paid $100 million to the previous owners of Azumah Resources Ghana Ltd to bring closure to the Black Volta Gold mining transaction in the Upper West Region. In July, this year, E&P and the ECOWAS Bank for Investment and Development (EBID) signed a $100 million Acquisition Facility Agreement […]
Tag: Azumah Resources
$100m legal war erupts between E&P and Azumah Resources
A high-stakes mining dispute between Engineers & Planners (E&P), the construction firm owned by Ibrahim Mahama, and Azumah Resources, a gold developer backed by global private equity, has exploded into an international legal showdown. The battle, now before the International Chamber of Commerce (ICC), has escalated into claims and counterclaims exceeding $100 million. At the […]