Ghana awards Gold Fields' Damang mine lease to local firm Engineers & Planners

By Christian Akorlie and Emmanuel ​Bruce Reuters Tuesday, April 7, 2026 ACCRA -- Ghana has selected local mining services company Engineers & Planners Ltd to take over Gold Fields' Damang gold ​mine, the mines minister said Tuesday. Ghana, which is ​seeking to boost local ownership in its mining ⁠sector, rejected Johannesburg-based Gold Fields' lease‑renewal bid and took ​control of the mine last year, breaking with years of ​automatic extensions. ... Dispatch continues below ... ... ADVERTISEMENT ... Are you ready to safeguard your assets using precious metals? Hero Bullion is a precious metals dealer with an extensive inventory of competitively priced gold, silver, and platinum products. We didn't get into this business just to sell metals. Our goal is to educate investors to help them make sounder financial decisions. For four years we have focused on educational resources, competitive prices, and reliable, secure shipping. Check out our reviews. Hero Bullion is quickly becoming a favorite of customers all over the country. We're committed to helping you cut through the hype and build your portfolio with high-quality, affordable precious metals. Visit us here: www.herobullion.com Hero Bullion: Gold and silver simply delivered It then began assessing local bids for a potential $1 billion revival of the asset. In a statement, Emmanuel Armah‑Kofi Buah said mining regulator, ​the Minerals Commission, had recommended E&P as the successful ​bidder. The company demonstrated it had access to $505 million in financing, meeting the ‌government’s ⁠requirement that bidders show funding capacity of at least $500 million. It also scored strongly on technical experience, equipment, safety and local content, the statement said. ... ... For the remainder of the report: https://www.reuters.com/world/africa/ghana-awards-gold-fields-damang-mine-lease-local-firm-engineers-planners-2026-04-07/ * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png