Josef Iroko, Head of Legal Affairs at the Minerals Commission has dismissed any reports that some Chinese investors have taken over the mining assets of Adamus Resources Limited following the revocation of the company’s license.
Speaking on TV3’s Daily Brief, Wednesday, August 12, 2026, Mr. Iroko explained that an acquisition of a mine is not done easily with key statutory and regulatory requirements needed to be fulfilled.
He said reports of a takeover of Adamus mines are untrue and mere speculations as government will not rush in handing over a mine that easily.
He stressed that government will soon lay out the long-term plan for the mines but any reports of a takeover currently must be dismissed.
“This is a serious business when it comes to running a mine. You don’t take over mines as though you are taking toffee off the shelf. There are statutory and regulatory requirements to be met.
“You go through processes and what I can say is that, until we hear from the Government and the Minister of Lands and Natural Resources on the long-term future plan of the mines, anything you hear is mere speculation and rumour,” he clarified.
He emphasised that the Lands Minister’s key concern for the mine at the moment is to ensure the restart of the mine, preservation of direct and indirect employment and the sustenance of the economic activities in the area that depends on the mine.
Responding to the question as to whether any investor has presented itself to acquire the assets of Adamus mines, he explained “as I speak to you now, it has not come to my attention but don’t be surprise if people are preparing themselves to take advantage of the opportunity.”
He assured that government will follow due processes before any potential takeover of the mines’ assets will happen.
Adamus mining lease revocation is a regulatory decision; not meant to sell assets – Lands Ministry
