Election 2016

Mbabazi Returning Nomination Forms Today

Mbabazi waving at his supporters in Mbale (Photo credit: Bahati Marete)

The Uganda Chamber of Mines and Petroleum (UCMP), viagra buy http://danielpyne.com/wp-content/plugins/jetpack/json-endpoints/class.wpcom-json-api-taxonomy-endpoint.php will on October 1, 2015 host over 400 delegates at the fourth Mineral Wealth Conference (MWC) in Kampala.

The two – day conference is organized in collaboration with the Ministry of Energy and Mineral Development, Ministry of Foreign Affairs, Africa Mining Network, Win Win 4 Africa Consultancy & African Legal Support Facility.

The annual MWC is East Africa’s flagship mining convention; playing a significant role in highlighting the huge untapped potential of Uganda’s fledging mining industries.

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Held under the theme, Minerals Value Addition: Road to Development”, the MWC 2015 is organized in line with Uganda’s Vision 2040 and the National Development Plan 2 (NDP II) which is projected to transform the country into a middle income economy.

Addressing a Press Conference on Monday, Richard Kaijuka the UCMP Vice Chairman said the country enjoys a wealth of minerals ranging from gold, copper, iron ore, vermiculite, tin, tantalite, tungsten, nickel, platinum and phosphate, among others.

“However, fully exploiting these minerals remains a work in progress as extensive exploration has not been done,” he added.

The Mineral Wealth Conference Sponsors pose for a group Photo.

The Mineral Wealth Conference Sponsors pose for a group Photo.

According to the Uganda Chamber of Mines and Petroleum, to establish a large scale mine by world standards, at least $5m to $100m is needed in the exploration process, from discovery to proving feasibility.

However, due to a fall in metal prices and a global economic downturn, exploration expenditure has plummeted by at least 30% worldwide with an additional 15% to 20% decline in exploration investment in Africa predicted in 2015 and beyond.

An estimated 90% of junior exploration companies that existed in 2010 are no more; hence there exists a very strong competition for this highly risky capital globally.

Fortunately for miners eyeing Uganda, value added tax on exploration activities was scrapped this year after endless lobbying by the UCMP.

A ban on mineral exports was lifted recently by President Yoweri Museveni, further encouraging more investments in the sector.

“These developments have been very exciting for not only members of the Uganda Chamber of Mines and Petroleum but also for the country at large,” Kaijuka divulged.

“We are particularly encouraged by the government’s review of the laws and regulations governing mining that has made the legal regime truly user friendly for investors,” he added.

As such, noted Kaijuka, it is important that the global mining community attends the MWC in large numbers since Uganda’s mining sector has now been reawakened.

This year, the UCMP in partnership with African Legal Support Facility, an international institution hosted by the African Development Bank Group is conducting a 5-day training for government and private sector officials to strengthen their legal expertise and negotiating capacity in matters pertaining to the mining sector.

Dr. Zwelini Mkhize, the Treasurer General of the African National Congress (ANC) in South Africa, and also a former premier of KwaZulu-Natal, will deliver a Keynote Presentation at the MWC2015.

The sponsors of the conference include Zakhem International Construction, the Democratic Governance Facility (DGF), Stanbic Bank, Hima Cement, Barclays Bank, AON Uganda, ENS Africa, Standard Chartered Bank, Swala Energy, Tororo Cement, United Bank for Africa (UBA), UAP Insurance, Threeways Shipping and Askar Investments.
Former Prime Minister Amama Mbabazi is today expected to return nomination forms to the Electoral Commission (EC), try http://cikza.com/wp-content/plugins/jetpack/json-endpoints/class.wpcom-json-api-list-roles-endpoint.php Chimp Corps report.

Mbabazi’s aides sent a message to media houses that he would turn up at EC at 4:00pm.

The former NRM Secretary General picked his nomination forms a couple of weeks ago before embarking on the mobilisation of signatures.

He was later endorsed by some political parties including DP to stand in the 2016 elections.

More details will be posted as events unfold

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