The Board of Directors and Management of Azumah Resources Ghana Ltd have categorically debunked recent media reports claiming that an international tribunal or court has ordered the immediate handover of the multi-million-dollar Black Volta Project to a consortium of former foreign investors.
According to the Ghanaian mining firm, the widely circulated publications are an outright concoction of facts and a gross misrepresentation of the ongoing legal proceedings between the disputing parties currently pending before the International Chamber of Commerce (ICC) and the High Court of Justice in London.
The company’s leadership issued an urgent rebuttal to assure the general public, internal staff, third-party suppliers, and project stakeholders that the operational integrity of the concession remains firmly intact and legally secure against these unauthorized claims.
“There is no order by any Arbitration Tribunal or High Court ordering that the Black Volta Project be handed over to the former investors (i.e. IGIC PTY, Cangol PTY and Azumah Resources Australia Ltd). We challenge those behind the publication of this falsehood to produce any order or award which requires that the Black Volta Project should be handed over to the former investors. The publication by myjoyonline.com suggesting that E&P has failed to comply with the order is therefore inaccurate and misleading and same should be ignored.”
Azumah Resources Ghana Ltd
The management clarified that the sensationalized media reports stem from an uncontextualized misreading of an Ex parte Order filed by the former investors, namely IGIC PTY, Cangol PTY, and Azumah Resources Australia Ltd.
This specific legal instrument, dated 10th June 2026, sought to restrict the local operational partner, Engineers & Planners (E&P), from accessing the main concessions and demanded the restoration of certain digital and administrative assets, but it was explicitly subject to strict conditional clauses regarding its enforceability.
Azumah Resources Ghana Ltd emphasized that because E&P timeously filed a comprehensive legal application to completely set aside the provisional directive within the mandated fourteen-day window, the order remains legally unenforceable until a definitive, substantive hearing is conducted by the English High Court.
LEGAL REALITIES OF THE EX PARTE ORDER
The filing further petitioned that E&P return administrative control of Azumah Ghana’s Office365 email server and the primary domain registration to a designated nominee, while simultaneously removing all local restrictions on the corporate IT infrastructure.
However, the mining firm pointed out that the text of the order stated explicitly that “E&P may apply to have this Exparte order set aside within 14 days after service of this order and the Exparte order is not enforceable until an application to set same aside has been heard by the court.” Because the local firm acted immediately to challenge the filing, any public narrative asserting a regulatory non-compliance or an operational takeover by foreign entities is entirely false.
CONSTITUTIONAL PROTECTIONS AND MINERAL SOVEREIGNTY
Beyond the procedural technicalities of the British judiciary, the company highlighted a foundational aspect of domestic mining law that renders any external takeover claim legally impossible under the current statutory framework.
The board stated firmly that “the mineral rights in the concession have been leased to Azumah Resources Ghana Ltd, Upwest Resources Ltd and Phoenix Resources Ltd by the Government of Ghana.”
Under the sovereign provisions of the 1992 Constitution of the Republic of Ghana, mineral resources are held in trust for the Ghanaian people, meaning that “no Tribunal or Court can make an order for the mineral rights and concession to be handed over to any person contrary to the provisions of the 1992 constitution and other applicable laws.”
This constitutional reality underscores that localized asset ownership and statutory mineral leases cannot be arbitrarily reassigned by international arbitration bodies without explicit state executive approval.
THE CRUCIAL NEED FOR PUBLIC CLARIFICATION
This aggressive public clarification became absolutely critical following widespread anxieties generated within the international commodities market and the local mining community by reports originating from external media platforms.
Industry analysts note that false assertions of an unprocedural corporate eviction can severely damage commercial relationships, disrupt the supply chains of third-party vendors, and compromise the financial stabilization of the Upper West regional mining economy.
By filing a formal Statement in support of E&P’s application to set aside the provisional order, Azumah Resources Ghana Ltd has formally confirmed that all physical and administrative assets of the Black Volta Project remain in the exclusive custody, control, and possession of the local entity.
This robust institutional transparency serves to neutralize speculative market volatility, protect local labor interests, and re-establish a factual, balanced understanding of the high-stakes corporate litigation currently unfolding in London.
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