The Ghana Chamber of Mines says it has begun engagements with Adamus Resources Limited and relevant regulatory authorities following government’s decision to uphold the revocation of the company’s Akango, Salman and Nkroful mining leases.
In a statement issued on Monday, the Chamber acknowledged the Minister for Lands and Natural Resources’ decision, which followed the findings of a Ministerial Review Committee established to consider the company’s petition challenging the lease cancellations.
The Chamber noted that while government and regulatory institutions have the responsibility to enforce Ghana’s mining laws and uphold environmental and safety standards, it is equally important that regulatory actions are guided by due process, fairness and consistency.
“The Chamber recognises the mandate of Government and the relevant regulatory institutions to enforce Ghana’s mining laws and to ensure responsible, safe and environmentally sustainable mining,” the statement said.
It added that adherence to the rule of law, regulatory certainty and the consistent application of legal provisions remains critical to sustaining investor confidence in Ghana’s mining sector.
According to the Chamber, it is seeking a comprehensive understanding of the circumstances, findings and procedures that informed the decision to revoke the leases before taking a position on the substantive issues surrounding the matter.
The industry body also highlighted the potential implications of the decision for workers, contractors, host communities and investors, stressing the need to protect legitimate investments while ensuring compliance with Ghana’s legal and regulatory framework.
“We therefore encourage all parties to continue to act within the framework of Ghana’s laws and established regulatory processes and to pursue any outstanding matters through the appropriate legal and institutional channels,” the Chamber said.
The Chamber indicated that it would refrain from making further comments on the merits of the case until ongoing engagements and relevant processes have been concluded.
It reaffirmed its commitment to constructive dialogue with government, mining companies and other stakeholders aimed at promoting a responsible, transparent and competitive mining industry.
The Chamber further stated that maintaining a predictable regulatory environment is essential for protecting Ghana’s national interest, safeguarding jobs and sustaining investor confidence in the country’s mining sector.
The Ghana Chamber of Mines is the principal industry association representing companies engaged in mineral exploration, production and processing in Ghana.
Source: businesspostonline
