25 December 2012

Uganda: Nine Mining Companies Eye Kilembe Copper Concession

Kampala — Nine mining companies both local and international have submitted in their interest for taking over Kilembe copper mining company which stopped mining copper in the early 1982s

Opening the bids documents at the mkinistry of Finance planning and economic development privatization Unity in Kampala the head of public relation unity at the privatization Unity Jim Mugunga said the government is over welmengly at the response of the public towards the Kilembe concession

"The response has been good for the government because in first phase the number of companies that have responded shows that kilembe mines is still strong mineral depostly center where every companies need to go and mine the mineral and we are informing the general public that in the middle of 2013 government could have got the qualified bidder for kilembe mines" he said

He explained that bin the second phase of the bidding process the government will be examining the capacity of the applied companies their capacity to run the Kilembe mines that stopped operating in the early 1982s among the issues that the government will be looking in the request for proposal stage according to Mugunga include Financial capacity of the bidding company to manage the financing of the mining activities both for mining plants and the associated enterprises associated with kilembe mines , technical capacity here the government will be looking at the availability of the man power to mine the mineral

As Government we don't want again to experience the same problems which led to the collapsing of Kilembe mines which associated with lack of technical manpower "he said

The nine companies that submitted in the biding document for the Kilembe concession are Gingko Energy Investment company of China, Combat Copper company of Canada, Konkola PLCCopper mines of Zambia, Shree Minerals Ltd of Australia, Timber Hima group Limited of Uganda ,Shumuk investment Limited Uganda and Wharton Asset Management company of (UK), Sino Steel Equipment and Engineering company of china

Rukia Ismael the deputy Assistant for the Country Representative of Gingko company one of the bidder told the East African Business Week that their company has the capacity to revive kilembe mines because the company is doing the same business in countries like DRC Congo Liberia where their mining copper and oil

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