A Tender Committee has recommended the award of the Damang Gold Mine lease to Engineers and Planners Limited following a competitive evaluation process supervised by the Minerals Commission.
The recommendation follows a public tender to find a strategic investor to take over the mining lease and operations of the Damang mine.
According to the Tender Committee’s report, four companies submitted bids in response to the invitation published in the media.
After an initial review by the Mineral Titles Department of the Minerals Commission, two firms were shortlisted and forwarded to the Committee for detailed technical, financial, and operational assessment.
Following what the Committee described as a comprehensive and competitive evaluation process, Engineers and Planners Limited emerged as the highest‑rated bidder, leading to the recommendation that the company be granted the mining lease, subject to approval by the appropriate authorities.
The Damang mine is currently operated by Gold Fields Ghana Limited, which has been active in the country since its incorporation in 1993. Under existing arrangements, Gold Fields holds a 90 per cent interest, while the Government of Ghana maintains a 10 per cent free carried interest, in accordance with Section 43 of the Minerals and Mining Act, 2006.
Damang is regarded as one of Ghana’s major gold‑producing assets, and the proposed transition is expected to open the door for renewed investment and improved operational oversight if the recommendation receives final approval.
Officials say the tender process forms part of broader efforts by the Ministry of Lands and Natural Resources and the Minerals Commission to promote transparency, efficiency, and value maximisation in the management and exploitation of Ghana’s mineral resources.
Government is expected to make a final decision on the report later.
Source: businesspostonline
