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…seeks AMCON resolution of liabilities for prompt commencement of operations.

“Subsequent to the takeover of the steel complex by the new owners, Premium Steel & Mines Limited, our hopes are very high and we hereby appeal to the AMCON to assist the new owner to start the resuscitation and bring back to life, as well as put smiles on the faces of many families in Udu communities in particular and Nigeria at large.

These were the words of the President General, Union of Udu Community, Chief Stephen Sokoh in a letter – of support for the new management of the Steel company – to the Assets Management Corporation of Nigeria signed on behalf of the community. He emphasized the need to allow the new owners of the steel company resuscitate it and commence operations to enable the company execute and expand its ambitious industrial operations in the community.

According to him, “pursuant to our fact-finding exercise and elaborate engagement with the new owners, I must clearly state that the company is back in the community with the aim of putting smiles on the faces of many families in Udu community in particular and Nigeria at large”.

Speaking on Premium Steel’s CSR initiatives in the Ovwian community,the provision of portable water, donation of a new steel fabricated school main entrance gate and a diesel generating set to the Ovwian primary school, the provision of water and electricity to the Ovwian cottage hospital areclear indications that Premium Steel & Mines Ltd stands as a good corporate socially responsible company operating with global best practicestowardstheir host communities.

In response to the comments of the President General, Mr. Prasanta Mishra Chief Executive Officer of Premium Steel & Mines Limited said: “we are committed to a seamless relationship with our host communities and we will carry them along with our growth path for a holistic development. We shall also   ensure that our operations reflect global best practices in the steel manufacturing industry.”

The President Generalreiterated with anappeal to the management of AMCON to ensure resolution of the liabilities or outstanding dues to various groups like ex-staffs, contractors and supplier, which will help the new owners, Premium Steel & Mines Ltd., to restart the Ovwian-Aladja steel complex as early as possible.


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