The Ministry of Lands and Natural Resources has clarified that the revocation of Adamus Resources Limited’s mining leases was not a decision to sell the company or its assets, following reports and public speculation to the contrary.
In a press release dated August 12, 2026, the Ministry stated categorically that the revocation was not undertaken with the intention of selling Adamus Resources Limited or its mining assets to another investor.
It said the decision followed findings by the Minerals Commission of consequential breaches of Ghana’s mining laws, regulatory requirements, and financial obligations associated with the company’s operations.
The Ministry outlined three key breaches identified by the Minerals Commission.
First, it said 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, constituting a breach of Regulation 200(1)(b) of the Minerals and Mining (Health, Safety and Technical) Regulations.
Second, the Commission identified significant regulatory and operational breaches relating to the company’s mining activities, which the Ministry said undermine the framework established to ensure mining is undertaken responsibly, safely, and within State-approved boundaries.
The Minister’s approval of the revocation, it noted, was backed by section 5(1) of Act 703, acting on the recommendation of the Minerals Commission.
Third, the Commission established that the company had outstanding financial obligations and defaults arising from its mining operations.
The Ministry said government’s position is that holders of mining rights must comply not only with technical and environmental conditions attached to their leases, but also with their statutory financial obligations to the state.
The Ministry stressed that the revocation of a mining lease should not be misconstrued as a government decision to sell the affected company, noting that the state, through the Minerals Commission and other relevant institutions, has a responsibility to ensure mineral resources are exploited in accordance with the law and in the interest of the Ghanaian people.
It said the decision concerning Adamus Resources Limited was based on compliance, legality, and protection of the public interest, and not on any intention to transfer the company’s assets to a preferred investor.
The Ministry reiterated that there is currently no government decision to sell Adamus Resources Limited or its mining assets, describing any suggestion that the revocation was undertaken to facilitate such a sale as speculative and not reflective of the basis for government’s decision.
It said government remains committed to ensuring transparency, fairness, and due process in the management of Ghana’s mineral resources, and will continue working with the Minerals Commission and other relevant institutions to ensure all mining companies operating in Ghana comply fully with the country’s mining laws, licence conditions, and financial obligations.
The Ministry maintained that 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.