The Progressive Miners Empowerment Association (PMEA) has proffered solutions to the disagreement that had stalled further development of the $4.6 billion Ajaokuta Steel Company Ltd. (ASCL).
PMEA said the impasse could only be resolved through a presidential meeting convened at the instance of the Presidency for an out-of-court settlement of the dispute that held back the operations of the company for several years.
Since the termination of the concession by an Indian firm, the dispute has been pending at the International Arbitration Court in the United Kingdom, thus putting on hold work in ASCL.
The miners also lambasted the composition of the governing board of the Ministry of Mines and Steel Development, saying they are going to be a stumbling block to the development of the mining sector because they have no professionals who understand the intricacies of the industry.
The National President of the PMEA, Mr. Sunday Ekozin, who made the stand of the association known at a media briefing in Abuja, said the litigants should be invited for a presidential meeting and resolve the issues out of court.
He added that there are legal problems saddled with it but if he were to advise the President, he will advise that all the parties involved in the litigation should be called for a presidential meeting and settle this issue with them out of court, whether national or international courts.