Parliament Passes Mining and Minerals Bill, 2021

Submitted by on Thu, 05/05/2022 - 09:12

The Bill will oversee the establishment of the Uganda National Mining Company which will manage the government’s commercial holding and participating interests in mineral agreements. The Bill mandates the National Mining Company to hold 15 per cent free equity in all large and medium mining ventures as well as have the right to pay up 20 per cent extra shares in the mining ventures at the commercial rate.