Story by Eugene Nyarko Jnr. l Ministry of Lands, Accra l April 7, 2026
A Tender Committee has recommended the grant of a mining lease for the Damang Gold Mine to Engineers and Planners Limited, following a competitive evaluation process conducted by the Minerals Commission.
The recommendation follows a tender process initiated under Regulation 258 of the Minerals and Mining (Licensing) Regulations, 2012 (LI 2176), which sought to identify a strategic investor to take over the mining lease and operations of the Damang mine.
According to the Committee’s 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.
Currently, Gold Fields Ghana Limited holds a 90 percent stake in its mining operations in the country, while the Government of Ghana retains a 10 percent free carried interest in accordance with Section 43 of the Minerals and Mining Act, 2006.
The Damang mine, one of Ghana’s key gold-producing assets, is expected to benefit from renewed investment and strengthened operational oversight if the recommendation is 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 enhance transparency, efficiency, and value maximisation in the management of the country’s mineral resources.
