• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, September 11, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Extractives/Energy

Dr. Manteaw Backs E&P Legal Right to Sell Damang Gold

Bless Banir Yarayeby Bless Banir Yaraye
May 26, 2026
Reading Time: 4 mins read
Add as Preferred on Google
Dr. Steve Manteaw

Dr. Steve Manteaw

Dr. Steve Manteaw, mineral resources governance expert, has defended the legal right of Engineers & Planners (E&P) to sell gold extracted from the Damang Gold Mine.

Responding to the recent criticisms regarding the necessity of parliamentary ratification for mining leases, Dr. Manteaw argued that the current operational status of E&P and its partner, Damang Gold Mine Limited (DGML), is firmly rooted in existing statutory procedures and the exigencies of preserving the asset.

“In the particular case of the Damang Gold Mine Limited (DGML), I am aware that, every single step set-out in Section 13 has been complied with and there are documents to proof same. The presence of E&P and DGML on the Damang Concession is therefore well grounded in law.”

Dr. Steve Manteaw, mineral resources governance expert

The controversy stems from questions regarding whether a lease owner can engage in mining and gold sales before parliamentary ratification, as mandated by the constitution.

686193462 3376825179161420 6118502776007560399 n
GoldBod CEO with E&P CEO

Dr. Manteaw clarifies that both the 1992 Constitution and the Minerals and Mining Act (Act 703) lack specific timeframes for this ratification, a legislative gap that has historically allowed many large-scale mining companies to operate for years without formal parliamentary approval.

ADVERTISEMENT

In the case of Damang, he asserts that the company has meticulously complied with Section 13 of Act 703, which governs the grant of mineral rights and permits the holder to enter the land upon the Minister’s grant, thereby validating their presence and operations on the concession.

Regarding the legal authority to dispose of the gold, Dr. Manteaw emphasizes that the government’s financial interests remain protected:

Compliance with Section 13 of Act 703

The legal foundation for E&P’s operations rests on the procedural compliance with Section 13 of the Minerals and Mining Act.

According to Dr. Manteaw, every step required by the Act from the Minerals Commission’s recommendation and the Minister’s written notification to the applicant, through to the publication in the Gazette and the formal acceptance of the offer has been executed.

WhatsApp Image 2025 12 17 at 07.07.23 2400c91a
Dr. Steve Manteaw

By law, once the Minister grants the mineral right following the notification of acceptance, the holder is entitled to enter and utilize the land.

ADVERTISEMENT

He notes that “the presence of E&P and DGML on the Damang Concession is therefore well grounded in law,” refuting claims that the company lacks the authority to operate.

Constitutional Context and Revenue Management

Dr. Manteaw points out that Article 268 of the 1992 Constitution recognizes that a mineral right is not exclusively defined as a mining lease but encompasses various forms of undertakings, contracts, or transactions.

The transition at Damang was an urgent intervention designed to prevent the mine from shutting down on April 18, 2026.

ADVERTISEMENT
685025757 3376825149161423 622868142597303686 n
GoldBod CEO with E&P CEO

Rather than compromising state revenue, he argues that the current arrangement facilitates proper oversight.

By keeping revenues within the country, stakeholders ensure that a transparent reconciliation of accounts can occur once parliamentary ratification is complete, allowing for the accurate determination of government proceeds.

Addressing Historical Precedents

Questioning the sudden scrutiny of E&P, Dr. Manteaw highlights a double standard in the mining sector.

665605642 26512532431733036 1103446067176158019 n
.” Ibrahim Mahama, CEO of Engineers and Planners.

He notes that for years, foreign-owned mining companies have operated and exported gold without immediate parliamentary ratification, yet these practices rarely faced similar public pushback regarding ownership rights.

He cautions against allowing a perception that domestic firms are treated with greater hostility than their foreign counterparts.

As a governance expert, he suggests that the ongoing situation at Damang is a reflection of systemic gaps that require broader reform, rather than a singular failing of the current lease holder.

READ ALSO: Mahama Orders Full Automation of Work and Residence Permits to Boost FDI

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: 1992 ConstitutionDamang Gold MineDr. Steve Manteawgold extractedlegal right of Engineers & Planners (E&P)mineral resources governance expertMinerals and Mining Act
Please login to join discussion
Previous Post

Minerals Governance Expert Calls for Law Reforms to End Lease Ratification Delays

Next Post

Tyla Makes History with Double Win at 2026 American Music Awards

Related Posts

Photo of government representativs, Eni Ghana, Vitol Upstream Tano Ltd and the Ghana National Petroleum Corporation (GNPC)
Extractives/Energy

Ghana Advances Tano Basin Exploration With Two New MoUs

September 11, 2026
Hon. Emmanuel Armah-Kofi Buah, Minister for Lands and Natural Resources and Acting Minister for Environment, Science and Technology
Extractives/Energy

Ghana Pivots from Raw Material Exports to Local Mineral Processing

September 11, 2026
Energy financing
Extractives/Energy

Africa’s Energy Ambitions Face A Domestic Financing Test

September 10, 2026
AfDB
Extractives/Energy

AfDB Approves $5bn Framework to Cushion Africa’s Energy Shocks

September 10, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Sky shot of Geoge Walker Bush Highway

New Traffic Rules: Transport Operators Demand Rest Stops For Drivers

September 11, 2026
Mad. Adwoa Obuobia Opoku

KGL Group Commits US$10 Million To Diagnostic Imaging Centre

September 11, 2026
Photo of government representativs, Eni Ghana, Vitol Upstream Tano Ltd and the Ghana National Petroleum Corporation (GNPC)

Ghana Advances Tano Basin Exploration With Two New MoUs

September 11, 2026
Hon. Emmanuel Armah-Kofi Buah, Minister for Lands and Natural Resources and Acting Minister for Environment, Science and Technology

Ghana Pivots from Raw Material Exports to Local Mineral Processing

September 11, 2026
Stade Hassan II

Morocco Claim Upper Hand in Race to Host 2030 World Cup Final

September 10, 2026
ADVERTISEMENT
Next Post
Tyla, Winner of the Best Afrobeats Artist

Tyla Makes History with Double Win at 2026 American Music Awards

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.