Kampala, Uganda | THE INDEPENDENT | Auditor General Edward Akolhas revealed serious gaps in the management of Uganda’s mining sector, with millions in export levies and mineral rent fees remaining unpaid. This he notes undermines both regulatory frameworks and the country’s ability to collect critical revenue. The report recently submitted …
Read More »Investors will require an environmental bond before mining Uganda’s minerals
Kampala, Uganda | THE INDEPENDENT | Investors in Uganda’s mining sector will be required to deposit an environmental bond as a security that they will restore the environment the way they found it. An environmental bond is a financial guarantee from a company undertaking the project that it will meet …
Read More »Gov’t tasked to explain idle mineral licenses
Kampala, Uganda | THE INDEPENDENT | The government has been tasked to explain why as many as a half of minerals exploration licenses are in the hands of companies that have no capacity to use them. Dr Luisa Moreno, the managing partner and analyst with Toronto-based Tahuti Global Inc., said one …
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