‎Engineers and Planners Ltd Named Successful Bidder for Damang Gold Mine ‎


 Story by Azaglo Michael 


In a landmark move for the domestic mining sector, the Government of Ghana has officially confirmed Engineers and Planners Limited as the successful bidder for the Damang Gold Mine.
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‎​The announcement follows a rigorous competitive tender process managed by the Minerals Commission and overseen by the Ministry of Lands and Natural Resources.
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‎​The Selection Process: A Two-Horse Race
‎​On Tuesday, April 7, 2026, the Ministry received the final report from the Tender Committee. Out of four initial bidders who submitted proposals by the March 31 deadline, only two companies met the stringent mandatory requirements:
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‎​Engineers and Planners Limited (Qualified)
‎​Heath Goldfields Limited (Qualified)
‎​Maripoma Mining Services Ltd and Vortex Resources Mining Group were disqualified at the preliminary stage for failing to provide essential documentation, including tax and SSNIT clearances.
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‎​Technical and Financial Dominance
‎​The evaluation narrowed significantly during the technical phase. While Heath Goldfields Limited failed to meet the minimum technical threshold of 80%, Engineers and Planners Limited excelled with a combined weighted score of 93.15%.
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‎​Key highlights of the winning bid included:
‎​Robust Financing: The company secured $505 million in funding from ABSA Bank and Stanbic Bank, surpassing the government's $500 million requirement.
‎​Operational Longevity: A strategic proposal to extend the Damang mine’s lifespan beyond 10 years.
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The committee cited the firm’s deep-rooted experience and existing knowledge of the mine’s infrastructure as a deciding factor.
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‎​In accordance with Regulations 262(1)(b) and 263 of the Minerals and Mining (Licensing Regulations), 2012 (LI 2176), the Minister for Lands and Natural Resources has approved the recommendation. The Minerals Commission has been directed to initiate the final regulatory steps to formalize the handover.
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‎​The Damang mine, operated by Gold Fields Ghana Limited since 1993, is a cornerstone of the nation’s mineral wealth. Under the new stewardship of a wholly Ghanaian-owned entity, the government expects:
‎​Renewed Investment: Fresh capital injection to modernize operations.
‎​Economic Growth: Continued contribution to the national GDP under the Minerals and Mining Act, 2006.
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‎​"The Government remains committed to ensuring that the Damang mine continues to contribute significantly to Ghana’s economy through diligent oversight and local empowerment." , Ministry of Lands and Natural Resources.
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