Engineers and Planners Limited has emerged as the successful bidder for the Damang Gold Mine, while Heath Goldfields Limited has been eliminated from the process after failing to meet the required technical threshold.
A report submitted by the Tender Committee to the Ministry of Lands and Natural Resources on Tuesday, April 7, 2026, indicated that Heath Goldfields Limited did not achieve the minimum 80 percent score in the technical evaluation. As a result, the company was disqualified and excluded from further stages of the tender process, including the financial assessment.
Engineers and Planners Limited, however, satisfied both the technical and financial requirements set out in the bid criteria. The company demonstrated strong financial backing, providing evidence of access to $505 million in funding from ABSA Bank and Stanbic Bank. This exceeded the minimum requirement of $500 million needed for the development of the project.
Under the evaluation framework, technical competence accounted for 80 percent of the total score, while financial capacity contributed 20 percent. Engineers and Planners Limited secured a weighted technical score of 76.32 and a financial score of 16.83, bringing its overall score to 93.15 percent.
In accordance with Regulation 263 of the Minerals and Mining (Licensing Regulations), 2012 (LI 2176), the Tender Committee declared Engineers and Planners Limited the preferred bidder for the Damang Mining Lease and recommended the company for approval by the Minister for Lands and Natural Resources.
The Damang mine, one of Ghana’s key gold-producing assets, has been operated by Gold Fields Ghana Limited since 1993. The firm holds a 90 percent stake in the mine, while the Government of Ghana retains a 10 percent free carried interest under the Minerals and Mining Act, 2006.
The anticipated approval of the lease to Engineers and Planners Limited is expected to drive renewed investment into the mine and enhance operational efficiency, reinforcing its strategic importance to Ghana’s mining industry.
