Wednesday , March 22 2023

Uganda

Communities in Karamoja face an uphill task organising to beat international capital and authoritarian politics

In an open pit, a group of artisanal miners stand shirtless, cracking rocks that gleam white in the sun. Soldiers guard the gate of the Sunbelt Marble Mine and Factory, which is owned by Chinese businessmen who have invested $13 million in the project. Small-scale freelance miners toiling with basic …

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Dafo amplifies its presence in Eastern Africa

Dafo Vehicle Fire Protection has started a partnership with Twakei Vehicle Fire Protection based in Nairobi, Kenya. Twakei is a specialist engineering company providing fire suppression services in Kenya, Tanzania, Ethiopia, Uganda, Sudan, Eritrea, Southern Sudan, Rwanda, Burundi, and Somalia. “We are very excited to join Dafo Vehicle’s family because …

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Failings in licensing process need to be addressed to build a more transparent sector at par with better-performing countries-Official

Despite improvements in Uganda’s natural resource administration, the country’s nascent oil and gas sector, as well as mining, are still classed as weak, with expanding gaps between rules and practice, which might stymie the country’s effort for openness, according to a new index. Uganda got 49 points in the petroleum …

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Miners in Busia, Karamoja bear the brunt of unscrupulous middlemen

Mr Robert Wafula pours ore onto a sluice deep in the rural village of Tiira in Busia District. “When this ore is mixed with water and poured on this sluice, the gold sediment sticks to the blanket,” Mr Wafula explains as other miners look on. Following that, he collects the …

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Residents affected by mining activities to receive compensation

The government has promised to pay people of various villages in the Kapchorwa and Bulambuli districts who have been impacted by mining activity. The location is where the Kampala Cement Company mines pozzolana, a vital ingredient in cement production. Kaboryot and Kapchela in Kawowo Sub-county, Kapchorwa District, and Buwekanda Village …

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Will the new mining law help Uganda or it will dissuade investors from the country?

While an increase in commodity prices is good news for mining companies and investors, there is always the risk that favourable market conditions will lead to resource nationalism. For example, according to a recent Fitch Solutions report on nickel, an upward trend in the metal’s price raises the likelihood of …

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Uganda considering a cabinet-approved draft mining law allowing gov’t to buy stakes in private mining companies

As early as this week, Uganda’s Parliament could consider a cabinet-approved draft mining law allowing the government to buy stakes in private mining companies. According to reports, the draft mining law could impose harsh penalties for violations in the sector, including prison terms of up to seven years, citing a …

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Mayflower and Papillon agree to buy each other’s shares in a structured share purchase agreement

Mayflower Capital Investments and Papillon Holdings have signed a formal share purchase agreement for the Kilimapesa Gold Mine in Kenya. The completion of the Transaction is a critical component of the Company’s planned re-admission to the Official List via a Reverse Take Over (‘RTO’), as well as trading on the …

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Phase 3 exploration of Iconic Uganda project set to commence

Ionic Rare Earths, an ASX-listed company, has announced the commencement of the next phase of drilling at its Makuutu rare earths project in Uganda, which it owns 51 per cent of. Initial reconnaissance drilling will be carried out as part of the drilling program, to determine the potential for resource …

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Mineral exports worth Shs34.6 billion have not been declared

According to the Auditor General’s report, minerals worth Shs34.6 billion were illegally exported out of Uganda between June 2017 and June 2020, resulting in Uganda losing billions of shillings in royalties. Minerals worth Shs8.3 billion were not disclosed to the Department of Geological Survey and Mining, while minerals worth Shs26.3 …

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