The Ministry of Lands and Natural Resources, the Minerals Commission and Adamus Resources Limited have been directed by the government to develop a 12-month roadmap aimed at turning around the operations of the mining company.
The directive follows a meeting at the Presidency aimed at resolving the dispute between the government and Adamus Resources and finding a way to safeguard the operations of one of Ghana’s few indigenous large-scale mining companies.
According to the agreement reached at the meeting, the roadmap will include the formation of a six-member management team to oversee the turnaround of the mine. The team will comprise three representatives from Adamus Resources and three representatives from the government.
The management team is expected to supervise the implementation of the turnaround plan and help address the challenges affecting the mining operation.
The roadmap will also explore options for injecting fresh capital into the company, including the possibility of inviting additional strategic partners to acquire equity in the mining operation.
The government says the move is intended to help stabilise the mine, improve its operations and preserve its contribution to Ghana’s mining sector and economy.
The two sides are expected to present the completed 12-month roadmap to the Presidency within two weeks for consideration and further action.
Story by Freedom Etsey Lavoe
