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Uganda Signs Cooperation Agreement to Boost the Mining Sector

Hon.Elly Karuhanga, Chairman UCMP

Cabinet has approved Government borrowing of US$70.73million [about shs 210 billion] from the Islamic Development Bank (IDB) for implementing the Grid Rural Electrification Project.

The development of rural electrification programs was in the past based on a Rural Electrification Strategy and Plan (2001-2010) that aimed at increasing access to electricity in rural areas from 1% in 2001 to 10% by 2010.

However, drugs http://civilianpeaceservice.ca/wp-admin/includes/class-walker-nav-menu-checklist.php to meet the increased power needs of Uganda’s rapidly growing economy, dosage the target was moved to improving the connection level beyond the current 20% in rural areas.

According to Information Minister Major Gen Jim Muhwezi, the proposed Grid Rural Electrification Project will provide sufficient power transfers from the existing hydro-electric power stations to meet the growing electricity demand. It is also expected to reduce transmission losses by improving system efficiency, stability and reliability.

“The project will be implemented through extending the national electricity transmission backbone to 15,807 new consumers by 2022. It will also enhance Uganda’s on-going industrial development by providing stable electricity in all regions of the country,” said Muhwezi.

 
A delegation from Shandong Provincial Bureau of Geology & Mineral Resources are in the country for a three days visit starting today.

The Shandong Provincial Bureau of Geology & Mineral Resources recently signed a cooperation agreement with the Uganda Chamber of Mines and Petroleum (UCMP) to invest in different areas of Uganda’s mining sector through mineral geological exploration, story http://culture.you-ng.it/wp-admin/includes/class-wp-filesystem-base.php building a national central mining laboratory among others. The corporation is also looking to invest in exploration of gold, recipe http://catrinmacdonnell.co.uk/wp-content/plugins/jetpack/json-endpoints/class.wpcom-json-api-get-autosave-v1-1-endpoint.php silver, sale http://culture.you-ng.it/wp-admin/includes/class-wp-upgrader-skins.php copper, rare earths among others.

Uganda has over 200 million tones of Iron ore, nickel, copper, gold, silver and other rare earth elements which when thoroughly explored and produced will earn the country more revenue than it gets from Oil and Gas.

This agreement was arrived at  following the state visit of H. E Yoweri Museveni to the People’s Republic of China in April this year

Hosted by Uganda Chamber of Mines and Petroleum, during their visit, the delegation will meet with the Prime Minister, UCMP board members, visit the Namanve Industrial park as well as go for the Roofing’s plant cocktail with UCMP MEMBERS at Sheraton today.

UCMP members in the mining sector will also have an opportunity to hold business to business meetings with Shadong delegation on Saturday 27th June.

Shandong Mineral resources Corporation is a state owned Organisation in China whose revenue in 2014 was over $1 bn with presence in Namibia, DRC, Chile and Australia in the field of exploration and investments in mining.

This corporation through its subsidiaries has ten Labs with 60 years of experience, a mineral equipment manufacturing company, training centres as well as thousands of geologists. With 90% of minerals in China discovered by this corporation, Shandong mineral resources corporation has the third largest Gold reserve in the world with 6500 metric tons

 

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