The government has approved Engineers and Planners Ltd (E&P) as the successful bidder for the Damang Mining Lease.
In a press release dated April 7, 2026, the Ministry for Lands and Natural Resources confirmed that the decision followed a thorough review of the Tender Committee’s report conducted under the Minerals and Mining (Licensing) Regulations, 2012 (LI 2176).
According to the statement, E&P emerged as the top-ranked bidder after a competitive process, having satisfied all mandatory requirements and provided documentary proof of access to financing.
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The Ministry further noted that the company met the minimum financial threshold and demonstrated strong technical capacity, backed by its experience and knowledge of the Damang Mine’s operations, infrastructure, and geology.
E&P also submitted a robust development plan, including measures aimed at extending the life of the mine beyond 10 years — a key factor that influenced its selection.
The Tender Committee concluded that E&P attained the highest evaluated score based on the applicable criteria, describing the firm as having the strongest capability to operate the Damang Mine.
A total of four companies — Vortex Resources Mining Group, Engineers and Planners Ltd, Heath Goldfields Ltd, and Maripoma Mining Services Ltd — submitted bids before the March 31 deadline.
However, only E&P and Heath Goldfields met the strict mandatory requirements, including valid tax clearance, SSNIT clearance, VAT certification, and proof of Ghanaian ownership. The other two firms were disqualified for failing to submit the required documentation.
Following the technical evaluation, Heath Goldfields failed to achieve the minimum qualifying score of 80 percent, leading to the exclusion of its financial proposal.
The Ministry commended the Minerals Commission and the Tender Committee for what it described as a rigorous and transparent process.
E&P, a wholly Ghanaian-owned company founded by businessman Ibrahim Mahama, will now proceed to the next phase, as the Minerals Commission has been directed to complete all regulatory processes required to formalise the lease approval.