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Mining

Delegates seated at long tables arranged in a U-shape in a yellow-walled conference room, facing a head table where Ruth Nankabirwa, in yellow, sits beside a man in a dark suit beneath a screen reading "Uganda National Mining Company: The 1st Annual General Meeting"
Uganda National Mining Company

IGG directs UNMC to interdict chief executive and legal chief

UNMC must interdict Gerald Banaga-Baingi and Lelia Bwambale as the IGG investigates alleged financial mismanagement and abuse of office
Ionic Rare Earths Limited workers at the Makuutu Rare Earths Project in Eastern Uganda. Ionic Rare Earths Limited, the Australian mining company, has acquired an additional 34 per cent interest in Rwenzori Rare Metals Limited, the owner of the Makuutu Rare Earths Project, bringing its majority interest in the project to 94 per cent, as it prepares for small-scale production in a few months' time.
Makuutu Rare Earths project

Makuutu funding options remain under review as Ionic plans equity raise

Ionic reports continued Makuutu spending and talks with potential financiers, without setting a replacement timetable for commercial production
A yellow bulldozer beside a large mining machine and conveyor at an open excavation site.
Makuutu Rare Earths project

Uganda should use Makuutu to negotiate up the value chain

Christopher Burke argues that Uganda should use Makuutu’s strategic review to seek commitments on processing, skills and local procurement
Gloved hands holding a glass container of graphite powder.
Critical minerals

Blencowe targets military batteries with Uganda graphite

Blencowe tests Uganda graphite for military batteries with AETC, a US defence award recipient; the record does not confirm Blencowe's role in the award
John Tumwine of Stanbic Bank Uganda speaking at a podium at the launch of the Mineral Wealth Conference

Financing, not discovery, is Uganda’s real mining challenge

Ahead of the Mineral Wealth Conference, Stanbic Bank Uganda's John Tumwine makes the case for finance as the bridge to mining wealth
Two excavators at a mine
Critical minerals

Rich in minerals, poor in processing: Africa’s green-energy dilemma

A World Bank study finds African countries mine transition minerals but rarely process them, limiting industrial and economic gains
Delegates seated at long tables arranged in a U-shape in a yellow-walled conference room, facing a head table where Ruth Nankabirwa, in yellow, sits beside a man in a dark suit beneath a screen reading "Uganda National Mining Company: The 1st Annual General Meeting"
Uganda National Mining Company

Energy minister replaces Uganda National Mining Company’s board chair and deputy

The Energy Minister announced changes at the top of the Uganda National Mining Company, citing governance and management challenges
Delegates seated at long tables arranged in a U-shape in a yellow-walled conference room, facing a head table where Ruth Nankabirwa, in yellow, sits beside a man in a dark suit beneath a screen reading "Uganda National Mining Company: The 1st Annual General Meeting"
Uganda National Mining Company

Infighting, nepotism weigh on Uganda National Mining Company

The finance ministry has ordered a governance audit of the Uganda National Mining Company amid a dispute between its management and board
Landscape photograph of a brown mountain
Critical minerals

Critical minerals and technology dependency: key G20 issues for Africa

Thirty percent of the world’s critical minerals come from Africa, and their access is a priority for South Africa’s government during its G20 presidency this year

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