The Ministry of Lands and Natural Resources has clarified that the revocation of mining leases held by Adamus Resources Limited is a regulatory enforcement action and not a government decision to sell the company or its assets.
In a statement issued in Accra, the Ministry explained that the decision followed findings by the Minerals Commission of breaches of Ghana’s mining laws and regulatory requirements. These included mining outside approved areas without the requisite operating permit, failure to comply with statutory obligations, and outstanding financial defaults.
The Ministry emphasized that the revocation was undertaken under section 51(1) of the Minerals and Mining Act, 2006 (Act 703), based on the Commission’s recommendation. It stressed that the action was aimed at ensuring compliance, legality, and protection of the public interest, not at facilitating the transfer of assets to another investor.
“Revocation is a regulatory decision, not a sale,” the statement underscored, adding that any suggestion of a planned sale was speculative and unfounded.
Government reiterated its commitment to transparency, fairness, and due process in the management of Ghana’s mineral resources. It assured that all mining companies must comply fully with licence conditions, environmental standards, and financial obligations to the State.
“The mineral resources of Ghana belong to the people of Ghana, and their exploitation must be conducted within the law and in the greater national interest,” the Ministry declared.
The clarification comes amid public speculation over the future of Adamus Resources Limited, with officials insisting that the revocation reflects Ghana’s resolve to enforce mining regulations and safeguard national resources.
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