The Ministry of Lands and Natural Resources has denied claims that the revocation of Adamus Resources Limited’s mining leases was intended to facilitate the sale of the company or its assets to another investor.

According to the Ministry, the decision was based solely on breaches identified by the Minerals Commission in the company’s operations.

In a statement issued on Wednesday, August 12, 2026, the Ministry said the Minerals Commission had identified several breaches of Ghana’s mining laws, regulatory requirements and financial obligations by Adamus Resources.

The Commission found that the company had conducted mining activities outside its designated and permitted areas without obtaining the required operating permit from the Chief Inspector of Mines.

The Ministry said the action constituted a breach of 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 relating to the company’s mining activities, which the Ministry said undermined the framework for ensuring that mining operations were conducted responsibly and within areas approved by the State.

The Commission further found that Adamus Resources had outstanding financial obligations and defaults arising from its mining operations.

The Ministry said holders of mining rights were required to comply not only with the technical and environmental conditions attached to their leases but also with their statutory financial obligations to the State.

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.

The Ministry stressed that the revocation was a regulatory decision and should not be interpreted as a move to sell the company or its assets.

It said the State, through the Minerals Commission and other relevant institutions, had a responsibility to ensure that Ghana’s mineral resources were exploited in accordance with the law and in a manner that protected the national interest.

“The decision concerning Adamus Resources Limited was therefore based on compliance, legality and protection of the public interest, and not on an intention to transfer the company’s assets to a preferred investor,” the Ministry said.

The Ministry further stated that there was currently no government decision to sell Adamus Resources Limited or its mining assets.

It described suggestions that the revocation was intended to facilitate a sale as speculative and said they did not reflect the basis for the government’s decision.

The Ministry reaffirmed the government’s commitment to transparency, fairness and due process in the management of Ghana’s mineral resources.

It said it would continue working with the Minerals Commission and other relevant institutions to ensure that all mining companies operating in Ghana complied fully with the country’s mining laws, licence conditions and financial obligations.

Government upholds revocation of Adamus Mine lease