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 follows a tender process initiated under Regulation 258 of the Minerals and Mining (Licensing) Regulations, 2012 (L.I. 2176), aimed at selecting a strategic investor to assume the mining lease and operational control of the Damang Mine.

According to the report, four companies responded to the public tender announced in the media.

Of these, two firms were shortlisted by the Mineral Titles Department of the Minerals Commission and subsequently referred to the Tender Committee for detailed assessment.

Following a rigorous and comprehensive evaluation, Engineers and Planners Limited emerged as the highest-ranked bidder, prompting 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 per cent stake in its mining operations, while the Government of Ghana retains a 10 per cent 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 enhanced operational oversight, subject to approval of the recommendation.

The tender process and subsequent recommendation form part of broader efforts by the Ministry of Lands and Natural Resources and the Minerals Commission to promote transparency, efficiency, and value maximisation in the management of Ghana’s mineral resources.