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Tag Archives: gold

CID grills ISO deputy director Taban Amin over $8million fraud

Kampala, Uganda |  THE INDEPENDENT  | The Deputy Director of the Internal Security Organization -ISO Taban Amin has spent Friday Afternoon undergoing interrogation by officers of the Criminal Investigation Directorate at Kibuli in Kampala, who seek to understand his link to criminals who recently defrauded an American national Anastasios Belesis, of …

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Gold price in Karamoja rises as water supply falls

Karamoja, Uganda |  THE INDEPENDENT  |  The artisanal miners in Karamoja region have increased the price of gold three times than before due to shortage of water. URN learnt that in December 2020, the miners were selling a a gram was sold at 70,000 shillings are currently charging as much as …

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Long wait for Buhweju miners as Mubende peers get licenses

Buhweju, Uganda | THE INDEPENDENT | Small scale artisanal miners in Buhweju in Western Uganda are still chasing for permission to go back to their mines six years after they were evicted and a year since they last petitioned the government. In 2013, President Museveni directed that firms involved in gold …

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Gold shoots to seven-year peak on weaker dollar

Just after 1230 GMT, gold rallied to $1,731.25 an ounce on the London Bullion Market, striking a peak last seen in November 2012. The dollar slid against main rivals Tuesday in the wake of the Federal Reserve’s ongoing stimulus policies that are aimed at cushioning the blow to the world’s …

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Gold sparkles in COVID-19 shadow

London, United Kingdom | AFP |  Gold, prized by investors in times of crisis as a safe haven, is experiencing surging demand in the face of the coronavirus outbreak — from both commodity traders and retail buyers. The precious metal had forged a seven-year peak on commodity markets this month as …

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Artisanal mining terrain promising but full of uncertainties

Mubende, Uganda | THE INDEPENDENT  |  Although the terrain of Artisanal and Small Scale Mining-ASM in Uganda is promising with several developments and most remarkably the policy shift, several actors including miners and civil society organizations paint a faint picture for the future. A smile has returned on the face of …

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