Mining company Adamus Ghana Limited, has reportedly disregarded directives from an Accra High Court, impeding the commencement of a five-member Interim Management Committee's (IMC) work on Monday, as ordered by the court.

Adamus Resources Limited, predominantly owned by Adamus Australia with the Government of Ghana holding 10% shares, has been at the centre of a legal dispute. Nguvu Mining Limited, registered in Mauritius and purportedly owned by Angela List, claims to have acquired Adamus Australia's 90% shares. This acquisition, purportedly executed on November 7th, 2022, is contested in an ongoing court case.

Read also: High Court restrains Angela List, others from acting as Directors of Adamus Resources Limited

According to court documents, the share transfer aims to make Nguvu Mining Limited the majority shareholder (90%) of Adamus Resources Limited.

However, the defendants argue that Moses Kobina Bosompem, allegedly a signatory to the share transfer agreement, had no lawful authority as a director or officer of Adamus Australia at the time of signing. This contention stems from a judgment delivered by the Supreme Court of Western Australia against Angela List.

Angela List initiated legal action against Allan Morrison, the sole director and secretary of Adamus Australia, to prevent him from conducting meetings on behalf of the company.

Read also: Adamus Resources Ltd case: Angela List, others appeal against High Court order

This lawsuit followed an announcement by Allan Morrison, publishing the Supreme Court of Western Australia's judgment against Angela List in Ghana, asserting her removal as a director.

In response, lawyers for Allan Morrison obtained a restraining order against Angela List and other directors of the company on July 27, 2023, barring them from any involvement with the company pending the final court decision.

Subsequently, the court directed the establishment of a five-member IMC to oversee the management of the company. While the Ministry of Lands and Natural Resources and Adamus Australia complied with the court orders, Nguvu Mining Limited declined to make appointments to the IMC.

In a subsequent ruling on February 19, 2024, the court revoked Nguvu Mining Limited's right to appoint a member to the IMC for non-compliance. The IMC, meanwhile, convened its inaugural meeting on March 7, 2024, taking steps to appoint new legal representation and urging the Acting General Manager to get familiar with the company's operations.

Despite ongoing legal proceedings, concerns have been raised by the defendants regarding the management of the company's gold revenue. Additionally, Angela List sought intervention from the Attorney-General of Ghana, although the government is not party to the litigation.

In response, a Deputy Attorney-General clarified that the service of an application for an injunction does not automatically restrain the company until the court delivers its ruling.

The substantive matter remains unresolved, and until a final judgment is reached, the company should be operating under the oversight of the court-appointed IMC.