A Tender Committee has recommended the grant of the mining lease for the Damang Gold Mine to Engineers and Planners Limited, following a competitive evaluation process conducted by the Minerals Commission.
The recommendation comes after a tender process initiated under Regulation 258 of the Minerals and Mining (Licensing Regulations), 2012 (LI 2176), aimed at selecting a strategic investor to take over the mining lease and operations of the Damang mine.
According to the report, four companies responded to the public tender announced in the media. Out of these, two firms were shortlisted by the Mineral Titles Department of the Minerals Commission and subsequently submitted to the Tender Committee for detailed assessment.
After what was described as a comprehensive evaluation, Engineers and Planners Limited emerged as the highest evaluated bidder, leading to the Committee’s recommendation for the award of the lease.
Gold Fields Ghana Limited, which has operated in the country since its incorporation in 1993, currently holds a 90 percent stake in its mining operations, while the Government of Ghana retains a 10 percent free carried interest in line with Section 43 of the Minerals and Mining Act, 2006.
The Damang mine, one of the country’s significant gold-producing assets, is expected to benefit from renewed investment and operational oversight should the recommendation be approved.
The tender process and subsequent recommendation form part of broader efforts by the Ministry of Lands and Natural Resources and the Minerals Commission to ensure transparency, efficiency, and value maximisation in the management of Ghana’s mineral resources.
Read also
Tender process for Damang Mine progressing well – Lands Minister
