The Ministry of Lands and Natural Resources has clarified that the revocation of the mining leases of Adamus Resources Limited was a regulatory action and was not intended to facilitate the sale of the company or its mining assets.
In a statement issued on Wednesday, August 12, 2026, the Ministry said the decision followed findings by the Minerals Commission of breaches of Ghana’s mining laws, regulatory requirements and financial obligations associated with the company’s operations.
The Ministry said the Minerals Commission established that Adamus Resources had conducted mining activities outside its designated and permitted areas without obtaining the required Operating Permit from the Chief Inspector of Mines.
According to the Ministry, such activities constitute a breach of the applicable mining regulations, including Regulation 200(1)(b) of the Minerals and Mining (Health, Safety and Technical) Regulations.
The Commission also identified other regulatory and operational breaches relating to the company’s mining activities, which the Ministry said undermined the regulatory framework governing responsible and lawful mining operations.
In addition, the Commission found that Adamus Resources had outstanding financial obligations and defaults arising from its mining operations.
The Ministry stressed that holders of mining rights are required to comply with the technical, environmental and financial conditions attached to their leases and other applicable laws.
It said the Minister’s approval of the revocation was based on Section 5(1) of the Minerals and Mining Act, 2006 (Act 703), acting on the recommendation of the Minerals Commission.
No decision to sell Adamus assets
The Ministry rejected reports and speculation that the revocation was intended to pave the way for the sale of Adamus Resources or its mining assets to another investor.
“There is currently no Government decision to sell Adamus Resources Limited or its mining assets,” the Ministry stated.
It said any suggestion that the revocation was undertaken to facilitate the transfer of the assets to a preferred investor was speculative and did not reflect the basis for the Government’s decision.
The Ministry maintained that Government has a responsibility, through the Minerals Commission and other relevant institutions, to ensure that Ghana’s mineral resources are exploited in accordance with the law and in the national interest.
It said the decision on Adamus Resources was therefore based on compliance, legality and protection of the public interest.
The Ministry further assured that Government would continue to uphold transparency, fairness and due process in the management of Ghana’s mineral resources.
It added that it would work with the Minerals Commission and other relevant institutions to ensure that mining companies comply with Ghana’s mining laws, licence conditions and financial obligations.
The Ministry reiterated that Ghana’s mineral resources belong to the people and must be exploited within the law and in the greater national interest.
