The Ministry of Lands and Natural Resources has strongly dismissed public reports and speculation claiming that the Government of Ghana intends to sell Adamus Resources Limited or its mining assets to another investor following the revocation of its mining leases.
Setting the record straight in a press statement released on Wednesday, August 12, 2026, the Ministry stated unequivocally that the decision to revoke the company’s operational rights was strictly regulatory and not a prelude to liquidating or transferring its assets to a preferred entity.
According to the Ministry, the revocation follows thorough investigations by the Minerals Commission, which revealed consequential breaches of Ghana’s mining laws, regulatory requirements, and financial obligations associated with the company’s operations.
Detailing the legal grounds for the action, the Ministry disclosed that Adamus Resources Limited engaged in illegal mining activities outside its designated boundaries without obtaining the mandatory clearance.
“The Commission established that Adamus Resources Limited had conducted mining activities outside its designated and permitted areas without obtaining the required Operating Permit from the Chief Inspector of Mines,” the statement read.
It added that such unauthorized activities constitute a clear violation of Regulation 200(1)(b) of the Minerals and Mining (Health, Safety and Technical) Regulations, emphasizing that operations cannot lawfully take place outside approved zones without requisite approvals.
In addition to territorial breaches, the Minerals Commission cited significant operational failures and financial defaults on the part of the mining company.
“The Commission also established that Adamus Resources Limited had outstanding financial obligations and defaults arising from its mining operations. Government’s position is that holders of mining rights must comply not only with the technical and environmental conditions attached to their leases, but also with their statutory financial obligations to the State,” the release highlighted.
Addressing rumors regarding a potential sale of the mine, the Ministry stressed that the Minister’s approval of the revocation was firmly rooted in Section 5(1) of Act 703, following formal recommendations from the Minerals Commission.
“The Ministry wishes to emphasise that the revocation of a mining lease should not be meconstrued as a government decision to sell the affected company,” the statement emphasized. “There is currently no Government decision to sell Adamus Resources Limited or its mining assets. 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.”
Reaffirming the administration’s commitment to transparency, fairness, and strict enforcement of the law, the statement signed by the Head of Communications Directorate, Zambaga Rufai Saminu, noted that the state’s primary duty remains safeguarding national resources.
“The Government’s position is clear: 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 Ministry concluded.
By: Rainbowradioonline.com/Ghana