Adamus Resources Denies CEO Removal Claims

Angela List


The Board of Directors of Adamus Resources Limited has denied media reports that its Chief Executive Officer, Angela List, has been removed from her position following a ruling by the Supreme Court of Western Australia over some illegalities on her part.

The board, in a statement, equivocally denied the media reports, indicating that “the Supreme Court of Western Australia has not made any determination on the control of Adamus Resources Limited as no such matter has come before the court in Western Australia.”

The statement noted that it is not within the jurisdiction or power of the Australian Court to make any such determination over the control or ownership of a Ghanaian mining company.

Clarifying the mix up, the statement said the dispute in Australia was only about the removal of one Allan Morrison, as a director and secretary of Adamus Resources Pty Limited (an Australian Company), and whether the removal was validly done.

“The said director was removed because he had failed to perform his duties, being failure to file accounts and tax returns on behalf of the company over the last five years as well as his failure to act in the best interest of the company. The court in Australia has not made any pronouncement on the ownership of Adamus Resources Limited (Ghana) or the ownership and control of Adamus Australia, since those issues were not in contention before the court,” the statement said.

The statement, therefore, indicated that any reference to such a judgment or determination in relation to Adamus in Ghana is false and should be ignored, pointing out that the said Adamus Resources (Pty) Limited is not the parent company of Adamus Resources Limited.

“The parent company of Adamus Resources Limited is Nguvu Mining Limited. The ownership and control of mining companies in Ghana are solely within the remit of the Minister of Lands and Natural Resources and the Minerals Commission. The fact of the ownership of Adamus Resources Limited can be verified from the public registries of the Minerals Commission and the Registrar General’s Department,” the statement pointed out.

It further adds that Nguvu Mining, as the 90% shareholder of the company, has not held any meeting to remove Angela List as a director of Adamus Resources Limited, and the company is investigating the source of such a mischievous story and has instructed its lawyers to commence legal action against any such persons when its investigations are finalised.

“Such faceless persons will soon be exposed and the appropriate legal action will be taken against them… Also take note that the only lawfully appointed directors of the company are Angela List, Joseph Owusu Ansah, Anthony Aubynn and Rebecca Donkor,” the statement added.



Meanwhile, Adamus Resources Limited and Nguvu Mining Limited have filed a writ of summons asking an Accra High Court for an order of injunction restraining Allan Morris from holding himself out as having the authority to act for or on behalf of the Adamus Resources Limited without the authority of Nguvu Holdings Limited, its first shareholder.

The writ is also seeking an order of injunction restraining Allan Morris from holding any meetings in the name of Adamus Resources Limited or Nguvu Mining Limited.

Again, the writ is seeking an order of injunction restraining the defendants from using any stationery of the Adamus Resources Limited in any correspondences with any third parties.

“A declaration that the extraordinary general meeting requisitioned and held by the Defendants on February 3, 2022, including any decisions made at the meeting was illegal,” it stressed.

The writ also wants a declaration that the Adamus Resources Pty Limited is the alter ego of Nguvu Holdings Limited.



BY Gibril Abdul Razak