Government has defended its decision to uphold the revocation of Adamus Resources Limited\u2019s mining leases, citing alleged mining outside approved areas, regulatory breaches and outstanding financial obligations.<\/p>\n
The Ministry of Lands and Natural Resources said the decision followed findings by the Minerals Commission that the company had breached Ghana\u2019s mining laws and regulatory requirements in the course of its operations.<\/p>\n
The statement comes after Adamus Resources rejected the government\u2019s decision to uphold the revocation, describing it as unlawful and accusing Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah of disregarding procedures prescribed by law.<\/p>\n
Adamus said it received the decision with \u201cshock and disappointment\u201d, denied the allegations against it and said it would appeal the revocation.<\/p>\n
The ministry said the Minerals Commission established that Adamus had conducted mining activities outside its designated and permitted areas without obtaining the required Operating Permit from the Chief Inspector of Mines.<\/p>\n
\u201cThis constitutes a breach of the applicable mining regulations, including Regulation 200(1)(b) of the Minerals and Mining (Health, Safety and Technical) Regulations,\u201d the ministry said.<\/p>\n
It added that the Commission had identified \u201csignificant regulatory and operational breaches\u201d relating to the company\u2019s mining activities.<\/p>\n
The ministry said the breaches undermined the regulatory framework governing mining operations and stressed that companies holding mining rights were required to operate within the boundaries approved by the state.<\/p>\n
The government also cited financial defaults as a basis for the action.<\/p>\n
\u201cThe Commission also established that Adamus Resources Limited had outstanding financial obligations and defaults arising from its mining operations,\u201d the statement said.<\/p>\n
According to the ministry, holders of mining rights were required to comply not only with technical and environmental conditions attached to their leases but also with their statutory financial obligations to the state.<\/p>\n
The ministry further said the Minister\u2019s approval of the revocation was backed by Section 5(1) of the Minerals and Mining Act, 2006 (Act 703), acting on the recommendation of the Minerals Commission.<\/p>\n
The government also rejected suggestions that the revocation was intended to pave the way for the sale of Adamus Resources or its mining assets.<\/p>\n
\u201cThe 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,\u201d it said.<\/p>\n
It said there was currently no government decision to sell the company or its assets, describing suggestions that the revocation was intended to facilitate such a sale as speculative.<\/p>\n
\u201cThere is currently no Government decision to sell Adamus Resources Limited or its mining assets,\u201d the ministry said.<\/p>\n
The ministry maintained that the government\u2019s action was based on \u201ccompliance, legality and protection of the public interest\u201d and not on an intention to transfer the company\u2019s assets to a preferred investor.<\/p>\n","protected":false},"excerpt":{"rendered":"
Government has defended its decision to uphold the revocation of Adamus Resources Limited\u2019s mining leases, citing alleged mining outside approved areas, regulatory breaches and outstanding financial obligations. The Ministry of Lands and Natural Resources said the decision followed findings by the Minerals Commission that the company had breached Ghana\u2019s mining laws and regulatory requirements in […]<\/p>\n","protected":false},"author":123457,"featured_media":17485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[41,4201,18],"tags":[5482,5483],"class_list":["post-17484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-news","category-natural-resources","category-politics","tag-adamus-resources","tag-ministry-of-lands-and-natural-resources"],"_links":{"self":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/users\/123457"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17484"}],"version-history":[{"count":1,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17484\/revisions"}],"predecessor-version":[{"id":17486,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17484\/revisions\/17486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/media\/17485"}],"wp:attachment":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}