Government gives Adamus Resources reprieve, orders 12-month turnaround plan

The government has given mining firm Adamus Resources Limited a fresh opportunity to revive its mining operations, days after upholding the revocation of three of the company’s mining leases following months of regulatory scrutiny and a dispute over alleged breaches of Ghana’s mining laws.

The latest development follows a prolonged dispute over the future of Adamus, one of Ghana’s indigenous large-scale mining operations, and marks a shift from the government's earlier decision to take administrative control of the mine towards a structured attempt to restore its operations under a joint management arrangement.

The government and Adamus will further explore ways of injecting fresh capital into the operation by bringing in additional partners to take equity in the mining business.