Government Grants Adamus Resources 12-Month Turnaround Plan

    Mining firm avoids lease revocation, enters joint management agreement with state

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    Government Grants Adamus Resources 12-Month Turnaround Plan

    Ghana's government has granted mining firm Adamus Resources Limited a 12-month reprieve to revive its operations. This decision follows months of regulatory scrutiny and a dispute over alleged breaches of mining laws. The new arrangement reverses an earlier government decision to revoke three of the company's mining leases.

    Under the new agreement, the Ministry of Lands and Natural Resources, the Minerals Commission, and Adamus Resources will develop a 12-month roadmap. This plan aims to turn around the mine's performance and address regulatory concerns. A six-member management team will supervise this process, comprising three representatives from Adamus and three from the government.

    This development follows a prolonged dispute concerning Adamus Resources, one of Ghana's indigenous large-scale mining operations. The government had previously upheld the revocation of Adamus Resources' Akango, Salman, and Nkroful mining leases. These leases were initially revoked in April 2026 after investigations by the Inspectorate Division of the Minerals Commission. The investigations uncovered sustained breaches of the Minerals and Mining Act, 2006 (Act 703).

    The Presidency announced this new arrangement on Friday, August 21, stating it aims to resolve the dispute. It also seeks to salvage one of Ghana's few operating indigenous large-scale mines. This move represents a significant shift from the government's earlier stance to assume administrative control of the mine. It now favors a structured attempt to restore operations under joint management.

    The Minerals Commission cited several breaches against Adamus Resources. These included alleged unauthorized assignment of mineral rights and mining outside approved areas. The company also reportedly failed to obtain necessary environmental and forestry approvals. Furthermore, foreign nationals were allegedly involved in mining activities on the concessions without proper authorization.

    Adamus Resources denied these allegations and challenged the revocation. The company argued that the government failed to follow due process under the Minerals and Mining Act. It described the revocation process as unlawful and its allegations as unfounded. Following Adamus's petition, an Inter-Ministerial Committee reviewed the decision.

    Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah announced on August 10 that he was upholding the revocation. This decision concluded the administrative review of the company's petition. The government then directed the Minerals Commission to assume administrative control, assuring workers their livelihoods would be protected. The latest arrangement, however, provides a new path for collaboration.

    The roadmap requires Adamus to develop a plan for settling its liabilities. These include debts owed to the Ghana Revenue Authority, the Minerals Income Investment Fund, financial institutions, and suppliers. The government and Adamus will also explore ways to inject fresh capital into the operation. This may involve inviting additional partners to take equity in the mining business, according to the Presidency. Both sides are expected to submit the completed roadmap to the Presidency within two weeks. This collaborative approach aims to ensure the long-term viability of the mining operation and protect jobs.

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