Mining

July 11, 2024

Bank of Uganda To Buy Gold From Local Market

Bank of Uganda (BOU) has made its first public announcement on its plan to buy gold from the local market, a move that is set to introduce the most credible client for artisanal miners in Uganda. According to the State of the Economy for June 2024, a report that Bank of Uganda released on July 10, t…

Deep Earth Admin

3 min read

June 20, 2024

Minister Nyamutoro In Gun Scuffle At Kenya Tycoon Narendra Raval’s Mining Site

Phiona Nyamutoro, Uganda’s State Minister for Mineral Development, was this morning involved in a scuffle in Kisoro district, with the private guards hired to secure a mining site under National Cement Company Uganda Ltd (NCC), accused of trying to shoot at her. Nyamutoro, who was in the district to…

Deep Earth Admin

7 min read

June 20, 2024

Uganda’s Energy Ministry Clarifies On Gold Smelting License

On May 30, 2024, we published a story under the headline Uganda Issues First Mineral Smelting License For Gold. The story, which we sourced from the government’s Mining Cadastre, noted that a company called SD Test had been issued the country’s first 15-year mineral smelting license for gold in earl…

Deep Earth Admin

3 min read

May 30, 2024

Uganda Issues First Mineral Smelting License For Gold

Uganda has issued a mineral smelting license for gold – a first in the market and one that could spur more interest in adding value to raw ore. SD Test Company, which already holds a couple of mining exploration licenses for other metals in Uganda, received a 15-year license in early May, 2024 from …

Deep Earth Admin

3 min read

April 30, 2024

Kilembe Winning Bid Announcement Imminent

The revival of copper mining at Kilembe in the western Uganda district of Kasese is drawing closer, with the evaluation process of the four bids received at the Request for Proposal (RFP) stage, complete. Chinese firms Liaoning Hongda (trading as Wagagai Mining), Gingko Energy, Sinomine Power China,…

Deep Earth Admin

4 min read

March 31, 2024

Nankabirwa Hails Nyamutoro’s Role In Amendment Of Petroleum Supply Law

Phiona Nyamutoro’s appointment as the new State Minister for Minerals, was one of the few that raised eyebrows in the recent cabinet reshuffle. Ruth Nankabirwa, the Minister of Energy and Mineral Development (MEMD), however was not surprised by her selection, having witnessed firsthand the mobilizat…

Deep Earth Admin

4 min read

February 27, 2024

Sunbird’s Local Clinker Production Could See Uganda’s Cement Costs Drop

Cement prices and construction costs in Uganda in general are likely to drop significantly once Sunbird Resources starts production of clinker in Karamoja, next year, Ambrose Byona, the company’s managing director has said. Byona was speaking at a press conference to announce the granting of a large…

Deep Earth Admin

4 min read

January 21, 2024

Uganda Grants Makuutu Rare Earths Project Mining License

The Makuutu Rare Earths Project has been awarded the first large scale mining licence under the recently enacted Mining and Minerals Act of 2022. The rare earths project found in the Busoga region in Eastern Uganda is owned by Rwenzori Rare Metals (RRM) – in which Australian public listed company, I…

Deep Earth Admin

5 min read

October 30, 2023

Mining Industry Upbeat As Uganda’s Annual Minerals Conference Opens 

Uganda’s flagship mining summit – the Mineral Wealth Conference (MWC2023) – has kicked off in Kampala today. Organized by the Uganda Chamber of Mines and Petroleum (UCMP), in partnership with the Ministry of Energy and Mineral Development, the two-day 12th annual conference is being held under the t…

Deep Earth Admin

6 min read

October 21, 2023

Makuutu Rare Earths Project’s Mining License Imminent

A mining license for the Makuutu Heavy Rare Earth Project in Busoga, Eastern Uganda will be issued soon; over a year since the first application was made. According to a statement from Australia based Ionic Rare Earths (IonicRE) – which owns 60 per cent of the project – the company recently received…

Deep Earth Admin

3 min read

September 28, 2023

Kilembe Bidders Visit Copper Mines

Plans to revive copper mining at Kilembe in western Uganda received a boost recently when representatives of the seven companies bidding for the company’s concessionaire rights visited the mines as they continue to prepare their proposals before the December 16, 2023 deadline. The ongoing Request fo…

Deep Earth Admin

2 min read

May 31, 2023

Minister’s Remarks Create More Uncertainty Over Kilembe Copper Mines

Indecision continues to shroud the future of Kilembe Mines, nearly 10 months after a shortlist of the preferred bidders for the copper mines in Kasese, Western Uganda, was released. Appearing on NBS TV on May 15, 2023, Godfrey Kabbyanga, the Minister of State for ICT and National Guidance said that …

Deep Earth Admin

4 min read