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Adamus assets not for sale despite mining lease revocation – Lands Ministry clarifies
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MyJoyOnline
“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.
Against that background, the Ministry’s latest statement seeks to draw a distinction between the revocation of Adamus Resources’ mining rights and any possible sale or transfer of the company’s assets.
“The Commission also established that Adamus Resources Limited had outstanding financial obligations and defaults arising from its mining operations,” it said.
No government decision to sell AdamusThe Ministry was emphatic that no decision has been taken to sell Adamus Resources Limited or its mining assets.
Meanwhile, Adamus Resources Limited has rejected the decision to uphold the revocation of its mining leases, accusing the ministry of abusing its powers and disregarding Ghana’s mining laws.