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Mining

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
Ruth Nankabirwa, the minister of energy and mineral development, after signing the mining licence on 17 January 2024 in Kampala. With her are Patience Singo (left), the country manager of Rwenzori Rare Metals, the owner of the Makuutu project and a subsidiary of Ionic Rare Earths Ltd, and Warren Tregurtha (second left), the chief executive of Rwenzori Rare Metals, and Vincent Kedi, commissioner licencing and administration in the ministry of energy. Ionic Rare Earths Limited said Wednesday that it has been granted a 21-year mining licence by the Ugandan government for the central tenement of its Makuutu heavy rare earths project, paving the way for a final investment decision later this year and production in 2026. The tenement covers 43.78 square kilometres of the project's 298 square kilometres.
Makuutu Rare Earths project

Ionic Rare Earths gets Makuutu mining licence

Ionic Rare Earths Limited said that it has been granted a 21-year mining licence for the central tenement of its Makuutu heavy rare earths project
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

Ionic Rare Earths increases stake in Makuutu project to 94%, says deal will ease financing negotiations

Mine expected to start production in first quarter next year, albeit small scale and for potential customers and off-takers
Electric car charging
Natural resources

How we can make the most of Africa’s strategic green minerals

How can Africa make sustainable and strategic use of its green mineral reserves while increasing its economic autonomy?
Tibet Hima Mining Company

Chinese firm wants $33m for termination of Kilembe mines deal

Tibet Hima Mining Company, the embattled Chinese company whose 25-year to operate the cobalt and copper Kilembe mines in Kasese district was cancelled last October, is seeking at least $33m in damages

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