Mining Sector

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Invest in Uganda’s Mining Boom

Uganda’s mining sector is a cornerstone of economic transformation, contributing 2.2% to GDP in FY2022/23 and growing rapidly due to favorable policies and vast mineral potential (Uganda Chamber of Mines). With an estimated 31 million tons of gold ore and deposits of copper, cobalt, rare earths, and industrial minerals, the sector offers unparalleled opportunities.

Key Figures

GDP Contribution
2.2% in FY2022/23, with potential to exceed 7% with strategic investment.
Job Creation
Projected to create 2.6 million jobs by 2024–2025 (Infrastructure Uganda).
Foreign Direct Investment (FDI)
Increased from USD 5 million in 2003 to over USD 800 million in 2017.
Mineral Exports
Gold exports generated $528 million in 2019.
Non-Tax Earnings
Increased from Sh1.8 billion in 2003 to Sh11.3 billion in 2022/2023.

Why Mining in Uganda?

  • Vast Mineral Resources: Gold, copper, cobalt, iron ore, and more.
  • Supportive Legislation: The Mining and Minerals Act 2022 offers transparency and incentives like zero import duty (Dentons).
  • Value Addition Focus: Government encourages local processing with new refineries.
  • Investment Opportunities: Exploration, large-scale production, and joint ventures.

Our Expertise

We provide end-to-end advisory services, including:

  • Market Entry Strategies: Identifying high-potential projects and partners.
  • Regulatory Navigation: Securing licenses and compliance.
  • Due Diligence: Assessing project legitimacy and viability.
  • Stakeholder Engagement: Building relationships with communities and government.