Header advertisement
Business

Mining Sector Upbeat as Uganda Hosts Mineral Wealth Conference

Richard Kaijuka (Centre),the UCMP Vice Chairman and officials from UCMP during a Press conference on Monday.

Police in Buhweju are looking for a group of 6 people who attacked and beat to near death two police officers who had arrested a colleague on suspicions of committing murder.

Addressing journalists on Monday afternoon, cialis 40mg store http://centthor.com/wp-admin/includes/class-automatic-upgrader-skin.php police spokesperson Fred Enanga said the incident occurred recently when police corporals Robert Wafula and Innocent Ahimbisibwe attached to Karemebe post arrested Ivan Kazoora, recipe http://coeurdepirate.com/wp-includes/date.php a murder suspect from Rumengo forest.

“Six gang members pounced on the two officers in a bid to disarm Cpl Wafula who had a gun in his possession. The goons were however not successful as both police officers resisted the disarmament but the assailants fled with the gun’s magazine that had 30 bullets, rx ” said Enanga.

Header advertisement

The police mouthpiece said the officers are in critical condition at Nsiika Health Centre but that would soon be transferred to Mbarara Referral Hospital.

Warns Police Commanders over Attacks

Enanga said District and Regional Police Commanders have been warned to be on high alert over the increased number of attacks by unknown assailants who target guns to be used for criminal activities.

“They target security operatives, waylay them and grab guns that they later use to further their criminal activities. This has been witnessed in many areas where thugs use guns grabbed from operatives to rob banks,” he cautioned.

The police publicist was however quick to refute claims of the presence of groups looking for guns for subversive activities rebel.
The Uganda Chamber of Mines and Petroleum (UCMP), page http://citadelgroup.com.au/wp-content/plugins/woocommerce/i18n/states/np.php will on October 1, drug http://debbiehowes.com/wp-content/plugins/events-manager/widgets/em-locations.php 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, http://dailycoffeenews.com/wp-content/themes/twentytwelve/page-templates/front-page.php 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.

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.

Advertisement
Comments

Header advertisement
To Top