Ghana Assesses Bids for $1B Revival of Damang Mine Seized From Gold Fields (GFI:NYSE)

Ghana assesses bids for $1B revival of Damang mine seized from Gold Fields (GFI:NYSE)

Ghana's mining regulator is assessing three bids from local investors to take ‌over Gold Fields' Damang gold mine, which requires as much as $1B of investment to revive.

Ibrahim Mahama's E&P leads bid for Ghana's Damang gold mine

Ibrahim Mahama has spent nearly three decades digging gold out of Ghana for someone else. Now he wants to own the mine.Engineers and Planners Company Limited, the indigenous mining and construction firm founded and led by Mahama in 1997, is among three shortlisted bidders to take over operations at the Damang gold mine in Ghana's Western Region, following the government's decision not to renew the lease of South Africa's Gold Fields after nearly…

Ghana's E&P Pursues First Indigenous Takeover of Major Gold Mine

NewsGhana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/ghanas-ep-pursues-first-indigenous-takeover-of-major-gold-mine/Engineers and Planners (E&P) Company Limited is positioned to become the first indigenous Ghanaian company to take full operational control of a major large-scale gold mine, as a formal handover deadline approaches for the Damang Mine in the Western Region and documents reveal the company h…