Government Says Adamus Resources Mining Leases Revoked Over Breaches, Not For Sale

The Ministry of Lands and Natural Resources has clarified that the revocation of Adamus Resources Limited’s mining leases was a regulatory decision based on breaches of Ghana’s mining laws and not part of any plan to sell the company or its assets.

In a press release dated August 12, 2026, the Ministry said the decision followed findings by the Minerals Commission of “consequential breaches” of Ghana’s mining laws, regulatory requirements and financial obligations by Adamus Resources Limited.

According to the Ministry, the Commission’s review identified three main breaches.

The company was found to have conducted mining activities outside its designated and permitted areas without obtaining the required Operating Permit from the Chief Inspector of Mines, in breach of Regulation 200(1)(b) of the Minerals and Mining (Health, Safety and Technical) Regulations.

The Commission also cited significant regulatory and operational breaches relating to the company’s mining activities, which it said undermine the framework established to ensure responsible and safe mining within state-approved boundaries.

Additionally, Adamus Resources was found to have outstanding financial obligations and defaults arising from its operations.

The Ministry stated that the Minister’s approval of the revocation was backed by section 5(1) of Act 703, acting on the recommendation of the Minerals Commission.

The Ministry emphasised that the revocation should not be misconstrued as a government decision to sell the affected company.

It noted that the State, through the Minerals Commission and other relevant institutions, has a responsibility to ensure that mineral resources are exploited in accordance with the laws of Ghana and in a manner that safeguards the interests of Ghanaians.

“There is currently no Government decision to sell Adamus Resources Limited or its mining assets,” the Ministry stated. “Any suggestion that the revocation was undertaken to facilitate the sale of the company’s assets to another entity is speculative and does not reflect the basis for Government’s decision.”

The Ministry said government’s position is that holders of mining rights must comply with technical, environmental and financial conditions attached to their leases. It added that where a holder fails to comply, government is required to take appropriate regulatory action.

Reaffirming its commitment to transparency and due process, the Ministry said it will continue to work with the Minerals Commission to ensure that all mining companies operating in Ghana comply fully with the country’s mining laws, licence conditions and financial obligations.

“Ghana’s mineral resources belong to the people of Ghana, and their exploitation must be conducted within the law and in the greater national interest,” the statement concluded.

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