By KGR Reporter,
President Yoweri Museveni on Friday reaffirmed his government’s ban on exportation of unprocessed minerals from the country.
The President was commissioning the country’s first Tin Smelting factory in Ruti, Mbarara City making Uganda the fourth country to start the smelting of Tin in Africa.
The factory is East Africa’s third, making Uganda the 15th Tin processing country in the world.
Other Tin producing countries in Africa are DRC, Rwanda, and Nigeria, Congo and Brazil among others.
Tin is used to drive low-current electricity through devices for a small distance due to its versatility and resistance to corrosion and is used in electronic devices like smartphones, Laptops, Batteries, computers, and automotive industries among others.
During the factory commissioning, President Museveni reiterated the ban on exporting unprocessed minerals and warned that investors who refuse to add value to the minerals will not be allowed to export them.
Mr. Museveni speaking…..
Energy and Mineral Development Minister Ruth Nankabirwa confirmed that Uganda has in place all the necessary laws for mineral mining and warned that investors who don’t want to abide by the laws risk losing their licenses. Hon. Nankabirwa speaking….
Museveni said that Uganda is going to earn twice from the processed Tin from 45,000 shillings a kilo of Tin to 120,000 shillings adding that the factory is going to create Jobs. END.