Mineral wealth conference to discuss impact of climate change on mining

Organisers have said this year’s annual mineral wealth conference set for next week, October, 30 to 31 at Kampala Serena Hotel will among other discuss the impact of climate change on mining.

The conference is organized by the Uganda Chamber of Mines and Petroleum (UCMP) in partnership with the Ministry of Energy and Mineral Development.

Addressing journalists on Tuesday, Humphrey Asiimwe, CEO of UCMP said the conference to be held under the theme, “Creating a viable and feasible roadmap for Uganda’s mineral sector to contribute to economic transformation” will among others discuss the new developments in the mining sector.

“Over the years, the annual conference has played a critical role in creating opportunities for Uganda’s domestic and international mining interests since it brings together key policy and decision-makers, business leaders, bankers, academia, and mining investors from all over the world,” Asiimwe said.

“Discussions at this year’s mineral wealth conference will focus on the drivers and dynamics of the investment climate today and the impact of climate change on mining.”

According to the UCMP CEO, this year’s conference will also discuss the reporting and compliance

requirements for the mining industry, the opportunities and challenges in regional integration of mining projects, the critical role of the legal and regulatory frameworks in investment promotion and practical

lessons from the years of development of Uganda’s mineral sector.

Uganda’s mineral wealth

Uganda is a mineral-wealth country and geological surveys indicate that the country has the potential for commercial exploitation of over 20 categories of minerals.

To enhance the prospects and de-risk the minerals sector, Uganda has over time completed the acquisition and processing of high-resolution aerial magnetic data for the entire country.

This exercise revealed high target areas with anomalies for different minerals, with the potential for world-class discoveries.

Already commercial deposits of Rare Earth Elements, graphite, Iron Ore, and Gold, among others have been discovered in different parts of Uganda.

This is in addition to the new potential targets for Uranium, 3Ts, Nickle, lithium, gold, bentonite, and other clays that were picked up during aerial survey.

Speaking on Tuesday, the Uganda Chamber of Mines and Petroleum CEO said there will be continued studies  by government to fully quantify all the other minerals whose occurrences are known.

“UCMP is working closely with the government to find ways of ensuring the country does quantification of these minerals to guide investments in the sector but also contribute to the growth of the economy.”

According to Richard Kaijuka, the chairman board of trustees of Uganda Chamber of Mines and Petroleum, this year’s conference will attract over 300 participants from Uganda, East Africa and beyond and the Minister for Energy and Mineral Development, Ruth Nankabirwa will be preside over the opening ceremony before national and international speakers delve into the topical issues as well as industry exhibitors on the sidelines.

“Over the years, the annual conference has played a critical role in creating opportunities for Uganda’s domestic and international mining interests since it brings together key policy and decision-makers, business leaders, bankers, academia, and mining investors from all over the world,”Kaijuka said.

“We will have an opportunity to hear from government spread out policies that relate to the sector. We will also hear from government about the new mining and mineral act of 2022 and also regulations that have just recently been issued this year for 2023."

The new Mining and Minerals Act passed in 2022 will help streamline mining by ensuring that artisanal/small-scale miners formalize and get recognised by the government of Uganda and other sector players.

Reader's Comments

RELATED ARTICLES

LATEST STORIES