The Ministry of Lands and Natural Resources has clarified reports that the government revoked the mining leases of Adamus Resources Limited to pave the way for the sale of the company or its mining assets to another investor.
In a statement issued on August 12, 2026, the Ministry said the revocation was a regulatory decision based on findings by the Minerals Commission of breaches of Ghana’s mining laws, regulatory requirements and financial obligations.
The Ministry explained that the Minerals Commission, following a review of Adamus Resources’ operations, identified several breaches, including mining outside approved and permitted areas without the required Operating Permit from the Chief Inspector of Mines.
According to the Ministry, such activities constitute a breach of the Minerals and Mining (Health, Safety and Technical) Regulations, which require the necessary regulatory approvals before mining can be undertaken outside an approved area.
The Minerals Commission also identified other significant regulatory and operational breaches which the Ministry said undermined the framework designed to ensure responsible and safe mining.
The government further cited outstanding financial obligations and defaults arising from the company’s mining operations.
The Ministry said the Minister’s approval of the revocation was based on Section 5(1) of the Minerals and Mining Act, 2006 (Act 703), following a recommendation from the Minerals Commission.
It emphasised that the revocation should not be interpreted as a decision to sell Adamus Resources or transfer its assets to a preferred investor.
“The Ministry wishes to emphasise that the revocation of a mining lease should not be misconstrued as a government decision to sell the affected company. The State, through the Minerals Commission, and other relevant institutions, have 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 the Ghanaian people,” the Ministry stated.
The Ministry further clarified that there is currently no government decision to sell Adamus Resources Limited or its mining assets, describing claims that the revocation was intended to facilitate such a sale as speculative.
“The Ministry therefore wishes to make it clear that 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,” the Ministry stressed.
Government reaffirmed its commitment to transparency, fairness and due process in the management of Ghana’s mineral resources and said it would continue working with the Minerals Commission and other relevant institutions to ensure mining companies comply fully with the country’s laws, licence conditions and financial obligations.
The Ministry maintained that Ghana’s mineral resources belong to the people and must be exploited in accordance with the law and in the broader national interest.
