Gov’t to form 6-member team to supervise Adamus mine turnaround

Adamus Resources Limited is set to create a plan to address its outstanding debts to the Ghana Revenue Authority, the Minerals Income Investment Fund, financial institutions, and suppliers as part of a revamped 12-month strategy to revive its mining activities. This requirement was established following an agreement between the government and Adamus after a meeting at the presidency aimed at resolving their conflict and reviving operations at the mine.

The Ministry of Lands and Natural Resources, the Minerals Commission, and Adamus Resources are tasked with presenting a 12-month roadmap, which will also feature a six-member management team consisting of three representatives from Adamus and three from the government to oversee the turnaround. The agreement aims to resolve the dispute between the two parties and save one of Ghana's few operating indigenous large-scale mines.

This development occurs less than two weeks after the Minister of Lands and Natural Resources upheld the revocation of three Adamus mining leases in Akango, Salman, and Nkroful. The leases were initially suspended in April 2026 following investigations by the Minerals Commission that found Adamus guilty of various alleged breaches of the Minerals and Mining Act, 2006, including unauthorized mineral rights assignment, mining outside permitted areas, failure to obtain necessary environmental and forestry permits, and the involvement of foreign nationals in mining activities.

Adamus disputed the allegations and challenged the revocation, but the Minister of Lands and Natural Resources ultimately upheld the decision on August 10 and ordered the Minerals Commission to take administrative control of the mine. Under the new arrangement, the government and Adamus will collaborate on a roadmap for the mine's revival, which will include a plan to settle Adamus' financial obligations to various entities.

The roadmap will also explore ways to inject fresh capital into the operation by inviting additional partners to take equity in the mining business. The two sides aim to present the completed roadmap to the Presidency within two weeks.