The Minister for Lands and Natural Resources, Emmanuel Armah Kofi Buah, has directed the Minerals Commission to take all the necessary regulatory steps to transfer the Damang Mines to Engineers and Planners Ltd.
It comes after he received a Report of the Tender Committee set up by the Minerals Commission which recommended that the Damang Mining Lease be granted to Engineers and Planners Ltd (“E&P), determined by the Tender Committee as the successful tenderer.
“This recommendation has been approved by the Minister for Lands and Natural Resources, with a further directive to the Commission to take all the requisite regulatory steps to give effect to the approval,” a statement by the Ministry announced.
According to the Tender Committee, E&P’s bid “satisfied” all mandatory requirements set out in the Notice and provided documentary evidence of access to financing, meeting the USD 500 million minimum threshold.
The tender documentation indicates that the Company possesses experience and knowledge relevant to the operations, infrastructure, and geology of the Damang Mine and submitted proposals for the development of the same, including measures intended to extend the life of the mine beyond ten (10) years.
Quoting the Tender Committee, the Ministry said, “On the basis of the applicable evaluation criteria and scoring, the tender submitted by Engineers and Planners Ltd attained the highest evaluated score. In summary, the Company demonstrated the highest capability to operate the Damang mine, substantiated by their submission of the most viable tender”.
Bids
According to the report, a total of four tenders were received by the 16:00 GMT deadline on Tuesday, March 31, 2026, which also served as the announced tender opening day.
The applicants included Vortex Resource Mining Group, Engineers and Planners Limited, Health Goldfields Limited and Maripoma Mining Services Limited.
Examination
The four tenders were then examined in accordance with the mandatory requirements set out in Phase 1, Annexure C of the Notice, which states that if any tenderer fails to comply with any of the mandatory requirements, it “shall result in the tender being disqualified and not to be considered for further evaluation.”
The mandatory requirements were Proof of wholly owned Ghanaian registered company with registration documents indicating current directors, shareholdings and beneficial ownership; Valid tax clearance certificate; Valid SSNIT clearance certificate; Valid VAT clearance certificate; and Valid certificate of incorporation; and Payment of the application fee of GHS100,000.00.
Following verification, only Engineers and Planners Ltd and Heath Goldfields Ltd met the mandatory requirements; Maripoma Mining Services Ltd and Vortex Resources Mining Group were disqualified as non-responsive for failing to submit the required documents.
Accordingly, pursuant to Regulation 260(7) of LI 2176, the two responsive tenders were submitted to the Tender Committee for technical and financial evaluation.
Following the technical assessment, Heath Goldfields Ltd failed to achieve the minimum qualifying score of 80%, and its financial proposal was therefore not evaluated, in line with the Notice.
Story by Hajara Fuseini
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Source:
opemsuo.com