By: Benjamin Nii Nai Anyetei
The Government of Ghana has confirmed Engineers and Planners Limited as the successful bidder for the Damang Gold Mine, following a competitive tender process.
The announcement comes after the Ministry of Lands and Natural Resources received the report of the Tender Committee from the Minerals Commission on Tuesday, April 7, 2026.
According to the Ministry, four companies submitted bids by the March 31 deadline. However, only Engineers and Planners Limited and Heath Goldfields Limited met the mandatory requirements, including proof of Ghanaian ownership, valid tax, SSNIT and VAT clearance, a certificate of incorporation, and payment of the application fee.
The other two firms, Maripoma Mining Services Ltd and Vortex Resources Mining Group, were disqualified for failing to meet the required documentation.
Following verification, the Tender Committee conducted a detailed technical and financial evaluation. Heath Goldfields Limited did not meet the minimum technical score of 80 percent and was therefore excluded from the financial assessment stage.
Engineers and Planners Limited, however, satisfied all requirements, demonstrating strong technical capacity and financial strength. The company showed access to financing of 505 million US dollars from Absa Bank and Stanbic Bank, exceeding the minimum threshold of 500 million dollars required for the project.
The company recorded the highest combined technical and financial score of 93.15 percent, with the Committee noting its experience, understanding of the Damang mine’s operations, and plans to extend the life of the mine beyond ten years.
In line with the Minerals and Mining (Licensing Regulations), 2012 (LI 2176), the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, approved the recommendation and directed the Minerals Commission to take the necessary regulatory steps to implement the decision.
The Damang mine, currently operated by Gold Fields Ghana Limited, is one of the country’s major gold-producing assets. Gold Fields holds a 90 percent stake in the mine, while the Government of Ghana retains a 10 percent free carried interest under the Minerals and Mining Act, 2006.
The approval of Engineers and Planners Limited is expected to bring renewed investment, improved operational efficiency, and long-term development to the mine. The Ministry commended the Minerals Commission and the Tender Committee for their diligence and reaffirmed government’s commitment to ensuring that the Damang mine continues to contribute significantly to Ghana’s economy.
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