Government gives Adamus Resources 12-month plan to revive mine

The government has given Adamus Resources Limited a reprieve and directed the company, together with the Ministry of Lands and Natural Resources and the Minerals Commission, to develop a 12-month roadmap to turn around the operations of the mine.

The decision follows a meeting at the Presidency aimed at resolving the dispute between the government and Adamus Resources and salvaging one of Ghana’s few operating indigenous large-scale mines.

According to a statement issued by the Presidency on Friday, August 21, 2026, the roadmap will include the establishment of a six-member management team comprising three representatives from Adamus and three from the government to supervise the turnaround of the mine.

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The roadmap will also provide a plan for settling Adamus’ outstanding liabilities to the Ghana Revenue Authority (GRA), the Minerals Income Investment Fund (MIIF), financial institutions and suppliers.

In addition, the parties are expected to explore options for injecting fresh capital into the mining operation by inviting additional partners to take up equity in the company.

The government and Adamus are expected to present the roadmap to the Presidency within two weeks.

The development comes after the government revoked three mining leases held by Adamus Resources in April 2026.

The affected leases cover the Akango, Salman and Nkroful concessions in the Western Region. The revocation followed investigations by the Minerals Commission, which the government said uncovered breaches of Ghana’s mining laws, including the alleged unauthorised subcontracting of mining operations and the involvement of foreign nationals in mining activities without the required approvals.

The Lands Minister, Emmanuel Armah-Kofi Buah, subsequently upheld the revocation in August 2026 after an Inter-Ministerial Committee reviewed a petition filed by Adamus against the initial decision.

Adamus has rejected the allegations and described the revocation as unlawful, arguing that the government failed to follow the statutory procedures required under the Minerals and Mining Act, 2006 (Act 703).

The company has maintained that it remains committed to protecting its legal rights and pursuing appropriate channels to challenge the decision.

The government has, however, maintained its position on the revocation and said the regulatory action was necessary to ensure that Ghana’s mineral resources are exploited in accordance with the law.

The latest agreement is therefore expected to provide a path towards resolving the dispute while keeping the mine operational and addressing its financial and operational challenges.

Felix Kwakye Ofosu, Spokesperson to the President and Minister for Government Communications, said the arrangement was intended to salvage the mining operation and protect its value.

The government’s latest intervention could also pave the way for fresh investment in Adamus, with additional equity partners expected to be considered as part of efforts to recapitalise the operation.



MA