Adamus Resources Mining leases revoked: Minister acts on Review Committee's report - Company owes $2.56m mineral rights fees, GH¢377m royalties & tax

The Minister of Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has upheld the revocation of three mining leases held by Adamus Resources Limited following the submission of the final report by the Inter-Ministerial Committee tasked with reviewing the company's petition against the initial decision.

The Chief Executive Officer (CEO) of the Minerals Commission, Isaac Tandoh, told the Daily Graphic that the initial revocation followed series of inspections conducted by the Inspectorate Division of the commission, which uncovered sustained and material breaches of the Minerals and Mining Act, 2006 (Act 703) and its subsidiary legislations.

Mr Tandoh said the investigations found that Adamus Resources subleased portions of its concessions to foreign nationals for independent mining operations without the prior written approval of the minister, contrary to section 14(1) of Act 703.