The Tender Committee has reported that only two of the four companies that submitted bids for the Damang Gold Mine satisfied the mandatory requirements, highlighting the stringent compliance standards governing Ghana’s mining sector.

According to the report, Engineers and Planners Limited and Heath Goldfields Limited fully met the conditions outlined in Phase 1, Annexure C of the tender notice.

These requirements included доказательства of wholly Ghanaian ownership supported by registration documents detailing directors and shareholding structures, valid tax, SSNIT and VAT clearance certificates, a certificate of incorporation, and payment of the GHS100,000 application fee.

Maripoma Mining Services Limited and Vortex Resources Mining Group were disqualified for failing to submit the required documentation, rendering their bids non-responsive and ineligible for further consideration.

The report was submitted to the Ministry of Lands and Natural Resources on Tuesday, April 7, 2026, as part of the process to select a strategic investor for the lease and operation of the Damang Gold Mine.

Following the evaluation, Engineers and Planners Limited emerged as the highest-ranked bidder, with the committee recommending the company for the award of the lease. Final approval, however, rests with the Minister for Lands and Natural Resources.

Gold Fields Ghana Limited, which has operated the Damang Mine since 1993, currently holds a 90 per cent stake, while the Government of Ghana retains a 10 per cent free carried interest under 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, subject to approval of the recommendation.

The process underscores ongoing efforts by the Ministry and the Minerals Commission to enhance transparency, efficiency, and value maximisation within Ghana’s mining industry.