The Energy & Power Group (E&P) has completed its final payment to Azumah Australia and its partners, marking the end of months-long disputes over ownership and control of the company’s mining concessions.

Confirming the development at a stakeholder briefing in Accra on Friday, October 17, 2025, the Director of Azumah Resources Ghana, Mr. Noel Nii Addo, said the settlement brings closure to all outstanding issues between the parties.

He explained that E&P officially took over Azumah on September 5, 2025, in line with the existing shareholders’ agreement.

“In the first instance, E&P acquired all shares of Azumah—representing 100% ownership—by the beneficial owner of both E&P and Azumah,” Mr. Addo stated.

He further disclosed that as of now, E&P, through its beneficial owner Mr. Ibrahim Mahama, is the sole shareholder of Azumah Resources Ghana.

“So as we speak, the single and sole owner of Azumah’s equity stake is E&P, through its beneficial owner, Mr. Ibrahim Mahama,” he confirmed.

The development is expected to stabilise operations and restore investor confidence in the company’s mining ventures across Ghana