Nguvu Mining Group, a subsidiary of Ghana-based Adamus Resources Limited, is facing severe regulatory sanctions in Mali after the country’s Ministry of Mines cited the company for multiple operational and financial violations.

The ministry has issued a strict 90-day ultimatum for the company to address the breaches or risk losing its mining licenses.

In an official letter dated April 24, 2026, dispatched from Bamako, Mali’s Minister of Mines, Amadou Keita, addressed the Chief Executive Officer of Nguvu Mining Group over concerns identified during regulatory meetings involving the company’s subsidiaries, SEMICO-SA and MIKO-SA.

The two subsidiaries hold exploitation permits for the Segala and Kofi mining concessions within the resource-rich Kéniéba Circle.

Following the meetings, the ministry uncovered several critical infractions primarily linked to MIKO-SA.

According to the minister, the company halted mining operations for more than two consecutive years without notifying or obtaining approval from the mining administration, contrary to Mali’s mining regulations.

The ministry further accused the company of failing to pay taxes, duties and royalties owed to the Malian state, while also operating an unauthorized offshore bank account and failing to repatriate foreign currency earnings.

Authorities said these actions violate Uniform Law No. 2016-007 of March 17, 2016, governing regional foreign exchange regulations.

The Ministry of Mines stressed that the breaches contravene Article 18 of Ordinance No. 99-032/P-RM of August 19, 1999, which established Mali’s Mining Code.

Under the law, the state reserves the right to cancel or withdraw mining titles without compensation if a company fails to comply with a formal notice within 90 days.

“The State reserves the right to proceed with the outright withdrawal of your permit” if the violations are not corrected within the stipulated period, Mines Minister Amadou directed in the letter.

The legal provisions specifically cover unauthorized suspension of mining activities and failure to pay state royalties.

Nguvu Mining Group remains a major mining infrastructure company with operations across West Africa, while its parent company, Adamus Resources Limited, operates the Nzema Gold Project in Ghana’s Western region.

Industry analysts believe the developments could attract heightened scrutiny from investors and mining watchdogs across the sub-region.

The violations occurred in the Kéniéba Circle in western Mali near the Senegalese border, an area regarded as the backbone of Mali’s gold mining industry due to its vast gold deposits.

In recent years, Mali’s transitional government has intensified audits of foreign mining companies as part of efforts to enforce stricter mining laws and ensure greater state benefit from the country’s mineral resources.

The enforcement of the 1999 Mining Code, and the transition toward an even stricter 2023 Mining Code in some sectors, signals a zero-tolerance policy for foreign exchange non-compliance and unapproved operational shutdowns.





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