Indigenous mining firm Damang Gold Mine Limited has made a fresh investment of worth $250 million in major fleet of mining equipment for its operations.

This is one of the most significant capital injections by a wholly Ghanaian-owned operator in the country's large-scale mining sector in recent years.

Damang Gold Mine Limited is owned by business mogul and mining entrepreneur Mr. Ibrahim Mahama.

The fleet, currently being transported from Accra to Damang, comprises a range of heavy-duty machinery.

Among the equipment are Liebherr excavators, 30 triple 777 dump trucks, and 15 Caterpillar 395 excavators, with additional machinery expected to be added to the fleet in the coming months.

The investment is expected to significantly enhance mining operations by increasing production capacity, improving operational efficiency, creating employment opportunities, and deepening Ghanaian participation in large-scale mining.

It represents one of the largest recent mining equipment acquisitions by a fully Ghanaian-owned company in Ghana's mining industry.

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