Accra: The Ghana Chamber of Mines has commenced engagements with Adamus Resources Limited and relevant regulatory bodies over the revocation of the company's mining leases. The move follows the decision by the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, to uphold the revocation after a Ministerial Review Committee considered a petition from Adamus Resources. The Chamber stated that it wants to understand the reasons and processes behind the decision before commenting on the matter.
According to Ghana Web, the Chamber emphasized the significance of the matter and is actively engaging with Adamus Resources Limited and the relevant regulatory authorities to gain a comprehensive understanding of the circumstances, findings, and processes underlying the decision. Despite the situation, the Chamber acknowledged the right of the government and regulatory bodies to enforce Ghana's mining laws, which it deemed crucial for promoting responsible, safe, and environmentally sustainable mining.
The Chamber highlighted the importance of due process, fairness, and the rule of law in handling the revocation issue. It stressed that regulatory certainty is vital for maintaining confidence in Ghana's mining sector. The Chamber expressed concerns about the potential impact of the decision on workers, contractors, and host communities, as well as the implications for legitimate investments in the country.
The Chamber called for all involved parties to adhere to Ghana's laws and established regulatory processes. It urged the use of appropriate legal and institutional channels to resolve any outstanding issues. Reaffirming its commitment, the Chamber stated its dedication to working with the government, mining companies, and other stakeholders to build a transparent, responsible, and competitive mining industry that protects Ghana's national interest, safeguards jobs and legitimate investments, and maintains investor confidence.