E&P Plans $1.2 Billion Investment In Tarkwa, Damang Mines
…Deploys 30 Heavy-Duty Equipment To Site
Engineers & Planners Co. Ltd (E&P) has unveiled plans to invest approximately $1.2 billion in its Tarkwa and Damang mining operations, in a major push to scale up production and strengthen its foothold in Ghana’s mining sector.
The announcement follows the company’s official takeover of the concessions from Gold Fields.
As part of the expansion drive, the indigenous mining firm over the weekend dispatched thirty (30) semi-knockdown Caterpillar 785D dump truck units to its operational base in Tarkwa.
The move is aimed at boosting haulage capacity and improving operational efficiency at the sites.
E&P’s latest investment builds on its long-standing commitment to modernising fleet and infrastructure.
The company’s acquisition of heavy-duty mining equipment dates back to 2002, reflecting a sustained strategy to enhance productivity through mechanisation.
In 2018, E&P committed an estimated $650 million to its Tarkwa and Damang operations.
The proposed $1.2 billion injection represents a significant scale-up, underscoring the company’s confidence in the long-term viability of the mines.
Industry observers say the planned expansion could drive increased output, create jobs, and reinforce the role of indigenous firms in Ghana’s mining value chain.
The consignment forms part of a broader order of high-capacity dump trucks, with the latest batch representing the final delivery to the site.
The phased deployment reflects a strategic effort to scale up fleet capacity and enhance efficiency in mining operations.
The Caterpillar 785D dump truck, a key asset in large-scale surface mining, is designed for high productivity and efficient material haulage. Its addition to the fleet is expected to improve turnaround times and overall operational throughput.
The development also highlights sustained capital inflows into Ghana’s mining sector, which continues to attract both local and international investors, driven by a relatively stable regulatory environment, rich mineral deposits, and strong global demand for gold.
Beyond equipment acquisition, mining firms are increasingly investing in infrastructure development, workforce training, and technological upgrades—factors that collectively enhance operational resilience and productivity.
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.
