Uganda has launched a national company to expand the country’s mineral reserves
Uganda’s government has established a national mining company to manage its commercial holding and participating interests in mining operations, according to the East African nation’s minister for energy and mineral development.
Ruth Nankabirwa announced the move on Tuesday at a mining conference organized by the Uganda Chamber of Mines and Petroleum in the national capital, Kampala.
“This company will manage the state’s commercial interests in the mining industry. It will do so through strategic partnerships with young developers in the private sector,” Nankabirwa stated.
Previously, licensed private firms had been in charge of all mining activities in Uganda. In 2022, the government approved a new law that allows for the establishment of a state-owned corporation as part of Kampala’s efforts to increase its mineral reserves. The legislation, which allows the…