The Ministry of Lands and Natural Resources has announced the commencement of a competitive tender process for the lease and operation of the Damang Mine, with a non-refundable application fee of GH¢100,000 for interested bidders.
In a statement dated March 24, 2026, the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, indicated that the move is in accordance with Regulation 258 of the Minerals and Mining (Licensing) Regulations, 2012 (L.I. 2176).
According to the Ministry, the designated mining area—outlined in an annex accompanying the tender documents—has been opened for applications through a structured and transparent bidding process.
“The Minister of Lands and Natural Resources has decided to designate the areas… as areas for application by tender for mining lease (the Damang Mining Lease),” the statement noted.
The Ministry explained that the tender follows an earlier public notice published on its official platforms as well as those of the Minerals Commission, under reference number MLNR/03/2026/01.
Government is seeking a strategic investor with strong financial capacity and proven technical expertise to take over operations at the Damang Mine. The successful bidder will operate the mine under terms that ensure the asset ultimately reverts to state ownership.
All applications will be evaluated based on strict criteria outlined in the tender documents, in line with Regulation 260 of L.I. 2176. Interested bidders are required to submit one original copy and three additional copies of their proposals.
Submissions must be delivered to the Minerals Commission at Minerals House, Switchback Road, Cantonments in Accra, with a deadline set for 4:00 p.m. on March 31, 2026. Late submissions will not be accepted and will be returned unopened.
The Ministry added that tenders will be opened publicly at the Minerals Commission office on the closing date, in the presence of representatives from bidding entities who choose to attend.
Officials also noted that all submitted bids will remain valid for seven days after the closing date, and a register of prospective bidders who have purchased the tender documents will be made available for inspection.
The Damang Mine, one of Ghana’s key gold-producing assets, is expected to undergo a transition as government seeks to ensure efficient management and long-term value for the state.
