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BUSINESS: Refinery offers golden opportunity

Table showing gold plated with other minerals (silver, tanzanite, platinum) for the last five years (2011/2012-2015/2016)

Financial Year Net weight (Kgs) Value (Ushs)
2011/2012 1551 40 (bn)
2012/2013 7405 16 (bn)
2013/2014 1940 650 (mn)
2014/2015 52 276 (mn)
2015/2016 5420 699 (bn)

Source: URA research department

Facts about the AGR:

  • AGR was established in Uganda in 2014
  • In 2016, AGR processed over 9 tons and currently processes 250kgs a week, 1 ton per month
  • AGR is 100% owned by the Belgian, Alain Goetz
  • To date AGR has contributed Shs 1.8 billion to the Ugandan treasury
  • AGR’s inward investment to date amounts to $23,000,000, employs 75 local staff
  • AGR is supporting Entebbe Children’s Welfare School which specializes in the support and education of orphans and children with special needs.

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editor@independent.co.ug

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