Mining

March 24, 2022

US Sanctions Worry Uganda Gold Industry

The Uganda mining community is worried that recent sanctions by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Alain Goetz and the African Gold Refinery (AGR) may derail the progress the sector was achieving. In its statement, OFAC claimed Goetz and a network of ass…

Deep Earth Admin

3 min read

March 22, 2022

Four Government Geologists Feared Dead in Karamoja

At least four government geologists are feared dead in Karamoja, North Eastern Uganda; having failed to return from the field where they were carrying out geologic mapping on Monday. Mr Gerald Eneku, the Karamoja regional inspector of minerals told the Daily Monitor that the four geologists under th…

Deep Earth Admin

2 min read

March 11, 2022

Miners Anxiously Await Museveni Decision On Export Of Unprocessed Minerals

Uganda’s mining industry has to wait until Monday, March 14, 2022 before finding out whether the ban on the export of unprocessed minerals will be lifted or not. This is after a cabinet meeting chaired by President Yoweri Museveni on March 7, 2022 decided to postpone the decision to next week, after…

Deep Earth Admin

3 min read

March 5, 2022

Uganda Minerals Minister Tours Mines

Ruth Nankabirwa, the Minister of Energy and Mineral Development, Nankabirwa has spent the week visiting a number of mines and plants in Eastern Uganda to get a better understanding of the minerals subsector. The minister who is in the company of Peter Lokeris, the State Minister for Minerals, has to…

Deep Earth Admin

2 min read

March 4, 2022

Concern As DRC Takes Back Control Of Copper-Cobalt Mine From Chinese Firm

A court in the Democratic Republic of Congo has appointed a temporary administrator to run China Molybdenum’s Tenke Fungurume copper and cobalt mine at the request of state miner Gecamines, a minority shareholder in the project. This follows a dispute that broke out last year between Congolese autho…

Deep Earth Admin

4 min read

February 24, 2022

UK firm to buy Sipa’s Uganda based nickel project

Sipa Resources Limited has agreed to sell its entire interests in the Akelikongo nickel-copper project in Northern Uganda to UK firm Blencowe Resources Limited, ending a nearly two-year scouting expedition for a new developer for the asset. The sale – to be completed in a phased manner – is valued a…

Deep Earth Admin

3 min read

February 19, 2022

Minerals Law: Uganda To Establish National Mining Company

Uganda will for the first time have a National Mining Company to manage the government’s commercial and participating interests in mineral agreements. The provision is part of the Mining and Minerals Bill, 2021 which the Parliament passed on February 17, 2022. The National Mining Company will hold a…

Deep Earth Admin

3 min read

February 9, 2022

Ionic Eyes Mining License After More Rare Earths Drilling Success In Busonga

Ionic Rare Earths (IonicRE), the junior Australian mining firm exploring for rare earths metals at Makuutu in Busoga region, Eastern Uganda, says it remains on course to apply for a mining license in 2022 following more successful drilling results. In a statement, the company says it completed Tranc…

Deep Earth Admin

2 min read

January 11, 2022

Dubai To Stick To Strict Global Gold Standards

The United Arab Emirates (UAE) is “committed to embedding the very highest international gold standards” according to a statement from its minister of state for foreign trade, Thani Al Zeyoudi. In the statement to Bloomberg News, which the news outlet quoted in a story on its website in December 202…

Deep Earth Admin

4 min read

December 20, 2021

UAE to Audit All Gold Refineries After Facing Sourcing Criticism

Bloomberg – Gold refineries across the United Arab Emirates will be required to carry out audits that prove bullion deliveries are responsibly sourced, according to the country’s Economy Ministry. The auditing process will follow the Organization for Economic Co-operation and Development’s guideline…

Deep Earth Admin

2 min read

November 9, 2021

Minister: Uganda to Review Mineral Exports Ban

DEI – The government of Uganda will review and introduce exceptions in the Presidential Ban on the export of unprocessed minerals, according to Peter Lokeris, the Minister of State for Mineral Development. The minister made the remarks when visiting a tin mine in Isingiro district, south western Uga…

Deep Earth Admin

3 min read

August 12, 2021

Ionic Considers Building Refinery For Makuutu Rare Earths

DEI – Ionic Rare Earths Limited, the junior Australian mining firm exploring for rare earths metals at Makuutu, says it is considering putting up a refinery to purify products from its project in Busoga region. The company, in a statement, said: “The board of Ionic Rare Earths Limited is pleased to …

Deep Earth Admin

2 min read