The government has given Adamus Resources Limited a reprieve to restore the fortunes of the mining company as part of efforts to safeguard one of Ghana’s few operating indigenous large-scale mining operations.
The decision follows a meeting held at the Presidency on Friday, August 21, 2026, between government representatives and the management of Adamus Resources to resolve outstanding issues between the two sides and agree on a roadmap for the mine’s turnaround.
Under the agreement, the Ministry of Lands and Natural Resources, the Minerals Commission and Adamus Resources Limited have been tasked with preparing a comprehensive 12-month roadmap aimed at revitalising the mine and putting its operations on a sustainable footing.
A key component of the roadmap will be the establishment of a six-member management team comprising three representatives from Adamus Resources and three representatives from the government.
The team will be responsible for supervising the implementation of the turnaround programme and ensuring that commitments agreed upon by both parties are carried out.
According to a statement issued by the Presidency and signed by the Spokesperson to the President and Minister for Government Communications, Felix Kwakye Ofosu, the agreement is intended to help salvage Adamus Resources, described as one of the few indigenous large-scale mining companies currently operating in Ghana.
The 12-month roadmap is expected to contain a detailed strategy for addressing the financial obligations of Adamus Resources.
These liabilities include amounts owed to the Ghana Revenue Authority (GRA), the Minerals Income Investment Fund (MIIF), financial institutions and various suppliers.
The government and the company are therefore expected to identify practical measures to settle the outstanding obligations while ensuring that the mining operation remains viable.
The agreement also provides for efforts to mobilise fresh capital to strengthen the company’s financial position.
As part of this process, the parties will explore the possibility of bringing in additional investors or strategic partners who could acquire equity in the mining operation and inject much-needed capital.
The government expects the Ministry of Lands and Natural Resources, the Minerals Commission and Adamus Resources to work jointly on the proposed turnaround plan.
The six-member management team, once constituted, will also play a central role in overseeing the implementation of the roadmap and monitoring progress throughout the 12-month period.
The two sides have been given two weeks to present the completed roadmap to the Presidency for consideration.
The latest development comes against the backdrop of efforts to resolve the dispute between the government and Adamus Resources and preserve the operations of the mine.
Government’s intervention is expected to provide a framework for addressing the company’s financial and operational challenges while creating an opportunity to attract new investment into the mining operation.
The Presidency said the agreement was reached with the broader objective of salvaging Adamus Resources and protecting the future of one of Ghana’s indigenous large-scale mining operations.
By 1960news.com
