There was a potential confrontation over an attempt to export gold to the Emirates on January 2, 2024, stemming from a dispute over the ownership of Adamus Resources Ltd., a gold mining company in the Western Region.
The disagreement led to an injunction filed by one of the parties involved, preventing the directors of Adamus from conducting business in the company’s name.
Despite the court order, individuals allegedly supported by influential political figures attempted to smuggle a significant amount of gold to the Emirates. The court had earlier restrained specific directors from making decisions impacting the company until the case’s final determination.
Notices of the injunction were served to relevant parties at the Aviance Cargo Village, cautioning against engaging in any gold export trade under Adamus. The attempted shipment of gold on January 2 was thwarted by the injunction application.
Security heads at the Kotoka International Airport made unsuccessful attempts to assist in exporting the gold despite the pending injunction.
The stakeholders involved were warned of potential contempt of court if they continued aiding the restrained individuals in exporting gold under Adamus Resources.
The public was advised to avoid business activities with unauthorised persons claiming to be directors of Adamus. The Accra High Court mandated the formation of an interim management committee (IMC), but some former executives continued unauthorised activities in the company’s name.
Background
Adamus Australia, the majority shareholder holding 90% of the company’s shares, is disputing the claimed transfer of its shares to Angela List through her company, Nguvu Mining. The firm is restraining List from conducting business on behalf of Adamus Resources Ltd.
To address the ongoing export of gold by List and other restrained directors, Adamus Australia filed an injunction application on January 3, 2024, seeking to halt further gold exports unless authorized by members of an Interim Management Committee (IMC) established by the Court on July 27, 2023.
The Ministry of Lands and Natural Resources appointed Lawyer Juliet Osei-Wusu (Mrs) to lead the IMC, consisting of five members, while Adamus Australia appointed two members.
Nguvu Mining has not yet disclosed its two IMC appointees and has instead submitted an application to Accra Airport authorities, purportedly on behalf of Adamus Ghana, urging them to disregard the pending injunction application to halt gold shipments by the restrained directors.
On December 21, 2013, the Court ruled that processes filed by Ferociter Law on behalf of Adamus Ghana, as directed by the restrained directors, were unauthorized, leading to their dismissal.
A contempt application against the restrained directors and the Commissioner for Customs has been previously submitted but is awaiting a hearing.
Customs officials, security personnel, and airport authorities are taking precautionary measures to avoid facing the Court’s repercussions by refraining from supporting the restrained directors and Brinks SI in exporting gold from Adamus Ghana Ltd. until the injunction application is decided on January 25, 2024.