NewzThe Ministry of Lands and Natural Resources has dismissed reports and public speculation that the government’s revocation of the mining leases of Adamus Resources Limited is intended to pave the way for the company or its assets to be sold to another investor. In a statement issued on Wednesday, August 12, 2026, the Ministry said the decision to revoke the leases was purely regulatory and followed findings by the Minerals Commission of breaches of Ghana’s mining laws, regulatory requirements and financial obligations. “The Ministry wishes to state categorically that the revocation of the mining leases is not a decision to sell Adamus Resources Limited or its mining assets,” the statement said.
The clarification comes against the backdrop of months of controversy surrounding the Akango, Salman and Nkroful mining leases in the Western Region and speculation about what would happen to the assets following the government’s decision to revoke them. The government announced the revocation in April after investigations by the Minerals Commission found alleged breaches of the Minerals and Mining Act, 2006 (Act 703), including the unauthorised assignment of portions of the company’s mineral rights and mining activities outside approved areas. Following the revocation, military personnel were deployed to secure the mine’s assets, while the Minerals Commission indicated that operations would be protected in the interest of the state.
Adamus Resources subsequently challenged the decision, maintaining that it had complied with Ghana’s mining laws and arguing that due process had not been followed. The company petitioned Lands Minister Emmanuel Armah-Kofi Buah to reverse the revocation. The Ministry later indicated that an independent committee would assess the company’s petition and that an Interim Management Committee, including representatives of Adamus Resources, would oversee the mine pending the outcome.
The Ministry nevertheless maintained that the revocation remained in force. The dispute has also fuelled speculation about the future ownership and control of the mine. Earlier reports had raised claims about possible transfers of interests in the mine, including suggestions involving prospective investors, while other reports alleged that parts of Adamus’ concessions had previously been made available to foreign entities.
Adamus denied those claims and maintained … Adamus Resources Limited has rejected the government’s decision to uphold the revocation of its mining leases, accusing the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, of abusing his powers and disregarding Ghana’s mining laws. In a statement issued on Wednesday, August 12, the mining company said it received the minister’s decision with “shock and disappointment” and described the process leading to the revocation as unlawful.
Adamus said the decision was contrary to procedures prescribed under the Minerals and Mining Act, 2006 (Act 703). “The effort by the Minister to strip Adamus Resources Limited of its mineral rights was without regard to any of the statutory procedures laid down in the Minerals and Mining Act, 2006 (Act 703),” the company stated. The company also rejected the allegations that formed the basis of the revocation, describing them as “unfounded, contrived and deliberately manufactured”.
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