The Media Coalition for Good Governance (MCGG) has commended the government’s decision to award the Damang Mining Lease to Engineers and Planners Ltd (E&P).
The move, announced following a rigorous competitive bidding process, sees the wholly Ghanaian-owned firm, led by prominent businessman Ibrahim Mahama, take the reins of the Damang Mine for at least the next decade.
The selection process, overseen by the Ministry of Lands and Natural Resources, was designed to identify a partner with the financial muscle and technical expertise to breathe new life into the mine.
According to a statement issued on April 7, 2026, by the Sector Minister, Emmanuel Armah-Kofi Buah, E&P emerged as the most capable entity from a pool of four bidders.
The selection adhered strictly to LI 2176 protocols, moving through two intensive phases. In the first phase, two firms—Maripoma Mining Services Ltd and Vortex Resources Mining Group—were disqualified early for failing to provide essential documentation, including tax, SSNIT, and VAT clearances.
This left E&P and Heath Goldfields Ltd to proceed. However, Heath Goldfields failed to meet the minimum technical threshold of 80%, leaving E&P as the sole standing bidder to reach the final financial assessment.
The specialized Tender Committee’s report was unequivocal: E&P was the only bidder to fully satisfy the stringent financial requirements.
The firm provided concrete evidence of access to financing exceeding the $500 million threshold.
Beyond the balance sheet, the committee praised E&P’s “deep technical understanding” of the Damang Mine’s specific geology and infrastructure.
”The Company demonstrated the highest capability to operate the Damang mine, substantiated by their submission of the most viable tender,” the committee’s report stated.
For the MCGG, this award is more than just a business contract; it is a victory for local content.
By choosing an indigenous company that meets international standards, the Coalition argues that the government is fostering long-term industrial sustainability and economic resilience.
The Minerals Commission has now been directed to finalize the regulatory processes to ensure a seamless transition.
As E&P prepares to deploy its significant fleet of heavy-duty equipment and technical expertise, the MCGG is calling on all stakeholders to rally behind the decision.
The Coalition urged the public to “avoid misinformation that may undermine confidence in Ghanaian enterprises,” emphasizing that the success of E&P at Damang is a win for the national interest and the proven capability of local industry leaders.
By 1960news.com
