Heath Goldfields Limited did not attain the minimum technical score required in the tender for the Damang Gold Mine, according to a report submitted by the Tender Committee to the Ministry of Lands and Natural Resources on Tuesday, April 7, 2026.
The committee’s evaluation showed that Heath Goldfields Limited fell short of the 80 percent threshold in the technical assessment and was therefore excluded from further consideration, including the financial evaluation of its proposal.
Engineers and Planners Limited, by contrast, met all technical and financial requirements. The company provided evidence of access to financing totaling USD505 million from ABSA Bank and Stanbic Bank, exceeding the minimum requirement of USD 500 million for project development.
Technical scores were weighted at 80 percent and financial scores at 20 percent. Engineers and Planners Limited received a weighted technical score of 76.32 and a financial score of 16.83, giving a combined total of 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 successful bidder for the Damang Mining Lease and recommended it for approval by the Hon. Minister for Lands and Natural Resources.
The Damang mine, one of Ghana’s key gold-producing assets, had been operated by Gold Fields Ghana Limited since 1993, with the company holding a 90 percent stake while the government retained a 10 percent free carried interest under the Minerals and Mining Act, 2006. The approval of the lease to Engineers and Planners Limited is expected to bring renewed investment and enhanced operational oversight to the mine.
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