20 September 2017

Uganda to Host Mineral Conference

About 450 mineral experts across the globe are expected to attend the sixth annual Mineral Wealth Conference (MWC) slated for October 4 - 5, 2017 at Kampala Serena hotel.

The conference, organised by the Uganda Chamber of Mines and Petroleum (UCMP), will be graced by President Museveni.

It is organized in partnership with the ministry of Energy and Mineral Development and this year's conference will be held under the theme 'Minerals - knocking on the door to cause economic transformation in Uganda.'

Uganda enjoys a wealth of mineral deposits including gold, copper, vermiculite, graphite, iron, graphite, limestone and phosphates, among others.

However, they have not been fully exploited mainly because extensive exploration countrywide has not happened yet. In 2015, a Uganda Bureau of Statistics (Ubos) report noted a 6.3 per cent increase in the value of selected minerals produced, growing from Shs 158 billion in 2013 to Shs 168 billion in 2014.

These numbers though, are significantly low. Industry watchers, for instance, believe the right support can see Uganda easily become the world's leading vermiculite producer within the next five to 10 years.

With the mining policy and laws undergoing a review to match the private sector needs, stakeholders are optimistic that this potential will soon be realised.

The annual MWC is East Africa's flagship mining convention; playing a significant role in highlighting the huge untapped mining potential of Uganda and the region.

Robert Kasande, the new permanent secretary, ministry of Energy and Mineral Development, has been lined up to be among the speakers along with Dr Fred Kabagambe-Kaliisa, a senior presidential advisor on oil, gas and minerals.


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