Adamus welcomes 12-month government-backed plan to revive mine
Adamus Resources Limited has welcomed the government’s decision to provide a pathway for resolving the issues surrounding the company and restoring the Adamus mine to sustainable operations.
The company described the outcome of a recent meeting at the Presidency as a “significant and constructive step forward” towards protecting the future of the mine, its employees, contractors, suppliers, host communities and other stakeholders whose livelihoods depend on the operation.
Under the agreed framework, Adamus Resources, the Ministry of Lands and Natural Resources and the Minerals Commission will jointly develop a 12-month roadmap to turn around the mine.
A six-member management team, comprising three representatives from Adamus and three from the government, will oversee the implementation of the turnaround programme.
In a statement, Adamus said the collaborative approach would allow all parties to focus on restoring the mine while protecting its value to Ghana and its stakeholders.
“Adamus remains committed to the future of the mine,” the company said, assuring employees, contractors, suppliers, host communities, business partners, investors and the Ghanaian public that it understood the uncertainty and anxiety caused by developments in recent months.
The company said the mine plays an important role in supporting livelihoods, businesses and communities in the Western Region, as well as contributing to Ghana’s mining sector and the national economy.
It therefore urged its employees, contractors, suppliers and host communities to remain calm and supportive as the agreed process unfolds.
Adamus said it would continue engaging with the government and relevant institutions and provide updates as the turnaround process progresses.
The company also expressed confidence that the challenges confronting the mine could be resolved through cooperation among the government, Adamus, employees, financiers, suppliers and host communities.
The next key milestone, according to the company, is the presentation of the 12-month turnaround roadmap to the Presidency within the agreed two-week period.
Adamus described the process as more than an effort to resolve a dispute, saying it was aimed at protecting an important Ghanaian asset, preserving jobs and livelihoods, restoring confidence and creating conditions for a viable and productive future for the mine.
The company thanked the government, the Presidency, the Ministry of Lands and Natural Resources and the Minerals Commission for their willingness to engage towards a resolution.
It also expressed appreciation to its employees, host communities, suppliers, financial partners and the Ghanaian public for their patience and continued support.
“Adamus Resources Limited remains committed to working with all stakeholders to turn this opportunity into a successful turnaround, a stronger future for the mine and restore confidence in the Ghana mining industry,” the statement said.
