The Ministry of Lands and Natural Resources has rejected claims that the revocation of Adamus Resources Limited’s mining leases was designed to pave the way for the sale of the company or its mining assets to another investor.
The Ministry said the decision was strictly a regulatory action arising from breaches of Ghana’s mining laws, regulatory requirements and financial obligations identified by the Minerals Commission.
In a statement issued on Wednesday, August 12, 2026, the Ministry said investigations by the Minerals Commission established that Adamus Resources had undertaken mining activities outside its designated and approved areas without securing the required Operating Permit from the Chief Inspector of Mines.
It said the conduct constituted a breach of the applicable mining regulations, including Regulation 200(1)(b) of the Minerals and Mining (Health, Safety and Technical) Regulations.
The Minerals Commission also identified other regulatory and operational breaches associated with the company’s mining activities, which the Ministry said undermined the legal and regulatory framework governing responsible mining in Ghana.
Beyond the technical and operational breaches, the Commission found that Adamus Resources had accumulated outstanding financial obligations and defaults arising from its mining operations.
The Ministry stressed that mining right holders are legally required to comply with the technical, environmental and financial conditions attached to their leases, as well as all other applicable laws and regulations.
It said the Minister’s approval of the revocation was therefore based on Section 5(1) of the Minerals and Mining Act, 2006 (Act 703) and followed a recommendation from the Minerals Commission.
No plan to sell Adamus assets
The Ministry also sought to dispel reports and speculation that the revocation was intended to create an avenue for the sale or transfer 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 described suggestions that the revocation was intended to facilitate the transfer of Adamus’ assets to a preferred investor as speculative and unrelated to the grounds upon which the government took the decision.
According to the Ministry, the government, through the Minerals Commission and other relevant institutions, has a statutory responsibility to ensure that Ghana’s mineral resources are exploited lawfully, responsibly and in the national interest.
It maintained that the Adamus decision was consequently driven by regulatory compliance, legality and the protection of the public interest, rather than any commercial transaction involving the company’s assets.
Government pledges due process
The Ministry assured the public that it would continue to uphold transparency, fairness and due process in the administration of Ghana’s mineral resources.
It said it would work with the Minerals Commission and other relevant institutions to ensure that mining companies comply with the conditions of their licences, Ghana’s mining laws and their financial obligations to the state.
The Ministry reiterated that Ghana’s mineral resources are held in trust for the people and must be exploited in accordance with the law and in a manner that advances the broader national interest.
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