The Malian government has issued a 90-day ultimatum to Nguvu Mining Group, warning the company to resolve multiple regulatory breaches or risk losing its mining licences.
Nguvu, a subsidiary of Ghana-based Adamus Resources Limited, operates two gold concessions in Mali through SEMICO-SA and MIKO-SA.
A recent audit by the Ministry of Mines uncovered serious violations linked to MIKO-SA’s Segala and Kofi projects in the Kéniéba Circle, a major gold mining area near the Senegal border.
In a letter, Mines Minister Amadou Keita, Commander of the National Order, directed the company to remedy the infractions within 90 days or face the “outright withdrawal” of its permits without compensation.
The warning follows high-level regulatory reviews of SEMICO-SA and MIKO-SA, which hold exploitation permits for the Segala and Kofi mines respectively.
According to the Ministry, findings against MIKO-SA include the unauthorised suspension of mining activities for more than two consecutive years without notifying or obtaining clearance from the mining authorities.
Investigations also found that the company failed to remit taxes, duties, and royalties owed to the Malian state.
Foreign exchange violations were also established, including the operation of an unauthorised offshore bank account and failure to repatriate foreign currency earnings, in breach of Uniform Law No. 2016-007 of March 17, 2016.
The Ministry further cited Article 18 of Ordinance No. 99-032/P-RM of August 19, 1999, of Mali’s Mining Code, which allows the state to cancel mining titles without compensation if a company fails to comply with a formal notice within 90 days.
“In light of the foregoing, I request that you remedy these breaches within a period of ninety days,” Minister Keita stated. “Failing this, the State reserves the right to proceed with the outright withdrawal of your permit.”
Nguvu Mining Group is part of Adamus Resources Limited, which operates the Nzema Gold Project in Ghana’s Western Region.
As a major West African mining player, regulatory action against Nguvu is likely to attract attention from investors and industry watchers across the region.
Mali’s transitional government has intensified audits of foreign mining companies under a broader policy of resource nationalism.
While the 1999 Mining Code remains applicable, parts of the sector are gradually shifting toward a stricter 2023 framework.
The 90-day notice to Nguvu reflects the government’s firm stance on unapproved operational shutdowns and foreign exchange non-compliance.
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