Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Uganda seeks investors to revive copper mine

Uganda seeks investors to revive copper mine

ELIAS BIRYABAREMA UGANDA said it was inviting expressions of interest from investors to restart a vast copper mine in the country's west that also holds significant cobalt deposits. The Kilembe mine, which sits on the foothills of the ice-capped Rwenzori mountains on the border with the Democratic Republic of the Congo, is estimated by government geologists to contain about 4 million tonnes of ore that is 1.98% copper and 0.17% cobalt. "We have invited companies to express their interest in partnering with the government through a mineral production sharing agreement," Uganda's finance and mining ministers said in a joint statement.…
Read More