Adamus loses final bid as Minister confirms mining lease revocation
Emmanuel Armah-Kofi Buah - Minister of Lands and Natural Resources
The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has affirmed the government’s decision to revoke the mining leases of Adamus Resources Limited after concluding a comprehensive review of the company’s appeal.
The decision follows the submission of the final report of an Inter-Ministerial Committee established to examine a petition filed by Adamus challenging the cancellation of its Akango, Salman and Nkroful mining leases.
The review process was initiated after the Minister, acting on recommendations from the Minerals Commission, revoked the company’s leases in April 2026 over what authorities described as serious and persistent breaches of Ghana’s mining laws.
According to the findings, inspections by the Inspectorate Division of the Minerals Commission uncovered several violations of the Minerals and Mining Act, 2006 (Act 703), and the Minerals and Mining (Licensing) Regulations, 2012 (L.I. 2176).
Among the key breaches cited was the unauthorised assignment of mineral rights. Investigators found that Adamus subleased portions of its mining concessions to foreign nationals to undertake independent mining activities without first obtaining the written approval of the Minister, as required by law.
The company was also found to have conducted mining activities outside approved concession boundaries without securing an Operating Permit from the Chief Inspector of Mines. In addition, it failed to obtain mandatory environmental and forestry approvals from the Environmental Protection Authority before commencing operations in some of the affected areas.
The committee further concluded that Adamus failed to cooperate with the Interim Management Committee established to supervise operations at the mine following regulatory concerns.
Beyond the original allegations, the review uncovered additional financial and operational irregularities. The committee found that the company deliberately withheld information and supplied misleading data during the review process.
It also identified significant outstanding financial obligations, including US$2.56 million in unpaid mineral rights fees, GH¢86.8 million in unpaid royalties and GH¢290.5 million in tax arrears. Investigators further flagged unexplained discrepancies in the company’s gold export records and revealed that about US$224 million had been transferred to related parties outside Ghana between 2020 and 2024. Environmental bond obligations were also found to be only partially fulfilled.
Based on the committee’s findings, the Minister upheld the revocation of Adamus Resources’ mining leases, effectively bringing the review process to an end.
Following the decision, Mr. Buah, accompanied by officials from the Ministry of Lands and Natural Resources and the Minerals Commission, visited the mine site to engage workers and other stakeholders.
During the visit, he assured employees that the Minerals Commission would oversee the continued operation of the mine to prevent disruptions while the government determines the next steps.
The Minister also indicated that steps would be taken to ensure Adamus Resources fully settles all outstanding royalties, taxes and other financial obligations owed to the Government of Ghana.
