E&P plans $1.2 billion investment in Damang, Tarkwa mines; dispatches 30 heavy-duty equipment to site
Engineers and Planners Company Limited (E&P) is planning to invest approximately $1.2 billion into its Tarkwa and Damang mines after officially taking over operations from Gold Fields. As part of efforts to strengthen operations and expand capacity, the indigenous mining firm has dispatched thirty (30) semi-knockdown Caterpillar 785D Dump Truck units to its operational base in Tarkwa.
E&P's investment in heavy-duty mining equipment dates back to 2002. In 2018, the company committed an estimated $650 million to its operations in Tarkwa and Damang Mine, with plans to further invest around $1.2 billion in Tarkwa and Damang Mines. The consignment forms part of a broader order of high-capacity dump trucks, with this batch representing the final delivery to the site.
The Tarkwa mining enclave remains one of Ghana's most strategic hubs, and E&P's latest deployment is expected to support increased production capacity and contribute to the sector's continued growth.
Quick Summary
E&P is planning a massive investment in the Tarkwa and Damang mines after taking over operations from Gold Fields - dispatching heavy-duty equipment to the site. This move highlights the company's commitment to strengthening its capabilities - but what does it mean for Ghana's mining sector?
Summary - read the full story for complete context.
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