Uganda may become a more important player in the African iron ore market, after a geological survey revealed much bigger deposits of the steel-making ingredient than found during colonial mappings.
Travel restrictions, supply chain disruptions and risk aversion since the start of the COVID-19 pandemic have slammed the brakes on mining exploration in Africa, jeopardising the minerals supply pipeline.
Uganda’s State Minister for Minerals, Hon. Sarah Opendi, told the Parliament of Uganda that she had received death threats from anonymous people whom she described as “mafias promoting illegal gold mining.”
Resource nationalism has spiked in more than 30 countries over the last year and more than half of those nations are key producers of minerals and hydrocarbons, a new study reveals.
Uganda’s cabinet has approved a draft mining law that would allow the government to own shares in private mining operations and impose steep penalties for violations in the sector