National Mining Company Celebrates One Year, Pursues 15% Stake in Uganda Mining Projects
The National Mining Company of Uganda marks its first anniversary, focusing on acquiring a 15% stake in mining projects. Established to protect government interests, the company has identified over 10 critical minerals, including gold and copper, but faces challenges in attracting investors due to limited exploration.
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The National Mining Company in Uganda is celebrating its first year of operation, aimed at safeguarding government interests in the mineral sector. It is entitled to a 15% stake in medium- and large-scale mining projects, with ongoing discussions to acquire shares in existing operations.
The company has identified more than 10 critical minerals, including gold, iron ore, copper, and tin. However, limited exploration and quantification of these resources are hindering efforts to attract potential investors.
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