Following a competitive evaluation process conducted by the Minerals Commission, the Tender Committee has recommended awarding the mining lease for the Damang Gold Mine to Engineers and Planners Limited.
This decision follows a formal tender process initiated under Regulation 258 of the Minerals and Mining (Licensing) Regulations, 2012 (LI 2176), which sought to identify a strategic investor to assume the mining lease and operational responsibilities for the Damang site.
Reports indicate that four companies responded to the public tender announced in the media. From this initial pool, the Mineral Titles Department of the Minerals Commission shortlisted two firms, which were subsequently submitted to the Tender Committee for a detailed assessment.
Engineers and Planners Limited emerged as the highest-evaluated bidder following this comprehensive review, resulting in the committee’s formal recommendation for the lease award.
Gold Fields Ghana Limited has operated within the country since its incorporation in 1993.
It currently holds a 90 per cent stake in its mining operations, whilst the Government of Ghana retains a 10 per cent free-carried interest in accordance with Section 43 of the Minerals and Mining Act, 2006.
Background
The Ministry of Lands and Natural Resources has formally invited bids for the lease and operation of the Damang Mine, requiring interested parties to pay a non-refundable application fee of GH¢100,000.
Prospective bidders were instructed to obtain the official tender documents and submit one original alongside three copies to the Minerals Commission no later than 31 March 2026.
As detailed in a statement issued on 24 March 2026 and signed by the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, the procurement process is conducted in strict accordance with Regulation 258 of the Minerals and Mining (Licensing) Regulations, 2012 (L.I. 2176).
The specific mining area designated for this competitive tender is clearly delineated in the annex attached to the invitation. This formal call follows a preliminary notice published on the websites of both the Ministry and the Minerals Commission under the reference number MLNR/03/2026/01.
The government’s primary objective is to secure a strategic investor possessing the necessary financial robustness and technical proficiency to manage the lease and maintain efficient operations at the Damang Mine.
Under the established terms of the agreement, the asset is intended to revert eventually to state ownership.
By: Rainbowradioonline.com/Ghana