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 came after the Ministry of Lands and Natural Resources received the report of the Tender Committee from the Minerals Commission on Tuesday, April 7, 2026.
The ministry confirmed that the tender committee evaluated four tenders submitted by the deadline of March 31, 2026. Only Engineers and Planners Limited and Heath Goldfields Limited met the mandatory requirements set out in the tender notice, which included proof of a wholly Ghanaian-owned company, valid tax, SSNIT, and VAT clearance certificates, a valid certificate of incorporation, and payment of the application fee of GHS100,000.
The other two companies, Maripoma Mining Services Ltd and Vortex Resources Mining Group, were disqualified as non-responsive for failing to submit the required documents.
Following the verification of mandatory requirements, the Tender Committee conducted a technical and financial assessment. Heath Goldfields Limited failed to meet the minimum technical score of 80 percent, and its financial proposal was therefore not evaluated.
and Planners Limited, however, satisfied all technical and financial benchmarks. The company demonstrated access to financing of USD 505 million from ABSA Bank and Stanbic Bank, exceeding the USD 500 million minimum threshold required for project development.
The combined weighted technical and financial score for Engineers and Planners Limited was 93.15 per cent, the highest among all tenders. The Tender Committee concluded that the company had the greatest capability to operate the Damang mine, supported by its experience, knowledge of the mine’s operations and infrastructure, and proposals to extend the life of the mine beyond ten years.
In line with Regulations 262(1)(b) and 263 of the Minerals and Mining (Licensing) Regulations, 2012 (LI 2176), the minister for lands and natural resources approved the committee’s recommendation and directed the Minerals Commission to take all necessary regulatory steps to implement the approval.
The Damang mine, one of Ghana’s major gold-producing assets, has been operated by Gold Fields Ghana Limited since 1993, which currently holds a 90 per cent stake, with the government retaining a 10 per cent free carried interest under the Minerals and Mining Act, 2006.
The approval of Engineers and Planners Limited as the new operator is expected to bring renewed investment, operational oversight, and long-term development to the mine.
The ministry commended the Minerals Commission and members of the Tender Committee for their diligence and reaffirmed the government’s commitment to ensuring that the Damang mine continues to contribute significantly to Ghana’s economy.
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