Adamus must settle GRA, MIIF and financial institutions liabilities under new turnaround roadmap

Adamus Resources Limited is to develop a plan to settle its outstanding liabilities to the Ghana Revenue Authority (GRA), the Minerals Income Investment Fund (MIIF), financial institutions and suppliers as part of a new 12-month roadmap to turn around its mining operation.

The new arrangement provides a fresh opportunity for the government and Adamus to work towards restoring the operation of the mine, one of Ghana's few indigenous large-scale mining operations.

Read Also: Government gives Adamus Resources reprieve, orders 12-month turnaround plan Adamus rejected the allegations and challenged the revocation, arguing that the government had failed to comply with the statutory procedures governing the cancellation of mining leases.