Moroto, Uganda | THE INDEPENDENT | The Uganda People’s Defense Forces have deployed more personnel at Mining sites in the sub-counties of Alerek and Chamkok in Abim district following reports of illegal mining of gold. Between March and May 2024, Alerek recorded an influx of over 3,000 people including business people …
Read More »Museveni tasks army to probe into Buddo shooting
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has reportedly tasked the army spy and investigations agency to investigate the Tuesday gold shooting incident at Buddo junction which left two people dead. Museveni, according to sources has directed Defence and Intelligence Security (DIS) formerly Chief of Military Intelligence (CMI) to …
Read More »ANALYSIS: Why Bank of Uganda jumped into the gold market
Michael Atingi-Ego confirms Bank of Uganda has joined “Shining Gold Rush” Kampala, Uganda | THE INDEPENDENT | When the Bank of Uganda announced its intention to purchase gold from artisan, small, medium, and large-scale miners, some players in the precious stones industry wondered why a sudden policy reversal. It has been …
Read More »BoU to purchase locally-produced gold to support foreign reserves
KAMPALA, Uganda | Xinhua | Uganda’s central bank said it is in consultation to begin purchasing locally-produced gold to bolster its foreign reserves and tackle challenges in international financial markets. The Bank of Uganda (BoU) in its State of the Economy report issued Thursday said the domestic gold purchase program …
Read More »Police probe fake gold transaction after Canadian loses Shs6 billion
Kampala, Uganda | THE INDEPENDENT | The Police in Kampala are investigating a case in which a Canadian citizen Clifford Potter lost more than sh6 billion in a fake gold transaction. SSP Ayub Waisswa of the CID Kampala Metropolitan Police has written to a Kampala bank which hosts one of …
Read More »Military deploys to keep Abim gold rush site out of bounds
Moroto, Uganda | THE INDEPENDENT | The Uganda People’s Defence Forces – UPDF 5th Infantry Division have deployed personnel in Okemer village, a newly discovered gold site in Alerek and Chamkok Sub-Counties in Abim district to keep it out of bounds. It follows a directive by President Yoweri Kaguta Museveni to …
Read More »Uganda’s gold exports surge to $2.3 billion after tax cut
However, Auditor-General John Muwanga report faults the taxman for failing to collect taxes from gold exports Kampala, Uganda | THE INDEPENDENT | Uganda’s gold exports have seen a dramatic rebound, hitting US$2.3 billion last year following the government’s decision to lower export taxes, a move aimed at revitalizing trade that had …
Read More »Africa’s 10 largest gold producers
African states are riding the wave of a gold rush, with global prices stabilising and mining technologies advancing. Here are the continent’s ten largest gold-producing powerhouses per tonnage (t), according to the World Gold Council’s 2022 stats. 1. Ghana – 127th Known as the “Gold Coast”, Ghana is Africa’s largest …
Read More »Artisanal gold miners call for mercury-free mining alternatives
Mukono, Uganda | THE INDEPENDENT | Uganda small-scale miners have asked the government to allocate funds towards discovering more affordable and safer alternatives for extracting gold. Despite the ban on mercury use, some miners have resorted to smuggling the toxic substance due to the lack of viable alternatives within their means, …
Read More »YEAR IN REVIEW: The Independent top 10 stories – Uganda’s gold discoveries
Kampala, Uganda | THE INDEPENDENT | The number 4 most read story on The Independent website in 2023 was on Uganda’s ‘huge’ gold discoveries. Uganda’s ‘huge’ gold discoveries Share on:
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