Mining company, Azumah Resources Ghana Limited, has lauded the Acting Minister of Lands and Natural Resources, Emmanuel Armah-Kofi Buah, for his instrumental role in resolving a dispute between the company and Engineers & Planners Co. Ltd.

The resolution, the company noted, has renewed investor confidence in Ghana’s mining sector.

In a press statement issued by John Mason, spokesperson for Azumah Shareholders, the company confirmed  the spirited corporation in the mediation efforts.

This development paves the way for the construction of the Black Volta Gold Mine to move forward, a project expected to deliver significant benefits to the Ghanaian economy and people.

As part of this, an Academic, Professor Prince Ofori Amponsah, has agreed to join the Board of Azumah Ghana and replace Mr James Wallbank as Chairman.

Azumah Ghana will now be led by Ghanaians, with most of its employees being Ghanaians.

Prof Amponsah said, “After 14 years consulting with Azumah in various capacities, I am proud to realise the aspirations of our founder and the respected Ghanaian geologist, Mr Paul Amoako-Atta. Azumah will become the first truly Ghanaian Gold Mining company.

"This is a turning point for the project, and we are committed to moving quickly into development and ensuring that the benefits are felt directly by the people of Wa through jobs, contracts for Ghanaian firms, and community development”.

Azumah's international shareholders have agreed to allow more local participation, in accordance with Ghanaian law, as the legal action has been dropped. This will ensure Ghana receives the maximum benefit.

“This is a wonderful example of the Government of Ghana listening to the people of Ghana and working with miners to solve this situation together and establish a win-win outcome for Ghana and reinforce its profile as one of the world’s leading destinations for mining investment," the statement added.