Revocation of Adamus Mining Lease is in the best interest of the state - Report

Adamus Resources Company Limited has vehemently denied subletting its mining lease to another operator without obtaining ministerial approval, dismissing the allegation as inaccurate. Head of Exploration and Geology, Ekow Taylor, stated on the Citi Breakfast Show that Adamus had not subcontracted, transferred, or sublet its lease to any third party, asserting that such an act had not transpired.

Taylor emphasized that the company possessed the necessary evidence to prove its claim, having submitted relevant documentation to the authorities.

The dispute arose following the government's decision to uphold the revocation of Adamus's mining leases, following a review by the Ministerial Review Committee comprising the company's appeal. The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, acknowledged that the committee largely supported the identified breaches, resulting in the Minerals Commission assuming control of the Adamus mine.

The government highlighted alleged mining operations beyond approved areas, regulatory violations, and outstanding financial responsibilities as the primary grounds for preserving the revocation.

Adamus, however, vehemently contested several of the government's justifications, asserting its intention to challenge the revocation. The company contended that the decision was unlawful and inconsistent with Ghana's mining statutes.