By: Benjamin Nii Nai Anyetei
Engineers and Planners Limited has emerged as the highest evaluated bidder for the Damang Gold Mine lease, following a competitive tender process supervised by the Minerals Commission.
The recommendation by the Tender Committee comes after a rigorous evaluation under Regulation 258 of the Minerals and Mining (Licensing Regulations), 2012 (LI 2176), aimed at identifying a strategic investor to take over operations of the mine.
Out of four companies that responded to the public tender, two were shortlisted by the Mineral Titles Department for final assessment. Engineers and Planners Limited was subsequently selected as the preferred bidder after what officials described as a comprehensive review process.
The Damang mine, currently operated by Gold Fields Ghana Limited, remains one of Ghana’s key gold-producing assets. The company holds a 90 percent stake in its mining operations, while the Government of Ghana maintains a 10 percent free carried interest in line with the Minerals and Mining Act, 2006.
If approved, the transition is expected to usher in renewed investment and strengthen operational efficiency at the mine.
The move forms part of ongoing efforts by the Ministry of Lands and Natural Resources and the Minerals Commission to promote transparency and maximise value in the management of Ghana’s mineral resources.
