The Tender Committee of the Minerals Commission has formally endorsed the allocation of the mining lease for the Damang Gold Mine to Engineers and Planners Limited following a rigorous and competitive evaluation process designed to identify the most qualified investor for the operation.
The recommendation follows a public tender conducted under the authority of Regulation 258 of the Minerals and Mining (Licensing Regulations), 2012 (LI 2176), intended to select a strategic partner to assume control of the Damang mine lease and oversee its operational management.
According to the official report, the tender exercise attracted responses from four companies, of which the Mineral Titles Department of the Minerals Commission shortlisted two firms for further scrutiny. These proposals were subsequently submitted to the Tender Committee for detailed assessment against predefined technical and financial criteria.
After what was described as a comprehensive and meticulous review, Engineers and Planners Limited emerged as the highest evaluated bidder, prompting the Committee to recommend the award of the lease to the company. The evaluation emphasized both operational competence and the capacity to deliver long-term value for the asset.
Currently, Gold Fields Ghana Limited holds a 90 percent stake in the Damang operations, having been active in the country since its establishment in 1993, while the Government of Ghana maintains a 10 percent free carried interest in accordance with Section 43 of the Minerals and Mining Act, 2006.
The Damang mine, recognised as one of Ghana’s major gold-producing assets, is expected to benefit from renewed investment, enhanced operational oversight, and strategic development should the lease recommendation receive final approval.
Officials indicate that the tender process and subsequent endorsement align with broader initiatives by the Ministry of Lands and Natural Resources and the Minerals Commission to promote transparency, efficiency, and optimal value extraction in the stewardship of the nation’s mineral resources.
This move underscores Ghana’s continued commitment to ensuring that its mining sector operates within a framework of competitive integrity while attracting capable investors to sustain and expand the country’s critical gold production capacity.
