https://en.sputniknews.africa/20250102/uganda-is-advancing-its-oil-exploration--plans-to-reopen-copper-mine-countrys-minister-states-1069999269.html
Uganda is Advancing Its Oil Exploration & Plans to Reopen Copper Mine, Country's Minister States
Uganda is Advancing Its Oil Exploration & Plans to Reopen Copper Mine, Country's Minister States
Sputnik Africa
Today, Uganda's mining sector focuses on extracting minerals like cobalt, gold, and copper, exporting gold, tin, and tungsten. 02.01.2025, Sputnik Africa
2025-01-02T16:54+0100
2025-01-02T16:54+0100
2025-01-02T17:23+0100
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Uganda will launch its third petroleum licensing round in July, according to Ruth Nankabirwa, Uganda's Minister of Energy. New oil and gas licenses will be available in the 2025-2026 fiscal year.The location for the upcoming licensing round has not been confirmed yet.Moreover, a tender winner has been chosen to revamp the Kilembe copper mine, and negotiations are nearing completion.The Kilembe mine, located near the Rwenzori mountains, is estimated to hold 4 million tonnes of ore with 1.98% copper and 0.17% cobalt. It has been closed since the 1970s and was abandoned by Canadian company Falconbridge due to low prices and political instability.
https://en.sputniknews.africa/20241231/algeria-plans-to-boost-its-gold-production-by-reactivating-countrys-old-mines-1069975031.html
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uganda, east africa, mining, copper, development, economy, prices, politics, oil, gas
uganda, east africa, mining, copper, development, economy, prices, politics, oil, gas
Uganda is Advancing Its Oil Exploration & Plans to Reopen Copper Mine, Country's Minister States
16:54 02.01.2025 (Updated: 17:23 02.01.2025) Ekaterina Shilova
Writer / Editor
Today, Uganda's mining sector focuses on extracting minerals like cobalt, gold, and copper, exporting gold, tin, and tungsten.
Uganda will launch its third petroleum licensing round in July, according to Ruth Nankabirwa, Uganda's Minister of Energy. New oil and gas licenses will be available in the 2025-2026 fiscal year.
The location for the upcoming licensing round has not been confirmed yet.
Moreover, a tender winner has been chosen to revamp the Kilembe copper
mine, and negotiations are nearing completion.
The Kilembe mine, located near the Rwenzori mountains, is estimated to hold 4 million tonnes of ore with 1.98% copper and 0.17% cobalt. It has been closed since the 1970s and was abandoned by Canadian company Falconbridge due to low prices and
political instability.
