UGANDAS MINERAL POTENTIAL THE UNEXPLORED COUNTRY

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UGANDAS MINERAL POTENTIAL THE UNEXPLORED
COUNTRY

• JOSHUA T. TUHUMWIRE
• COMMISSIONER
• DEPARTMENT OF GEOLOGICAL SURVEY AND MINES
• Mines Money Conference, London 2008
• Email joshua.tuhumwire_at_minerals.go.ug

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LOCATION
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GEOLOGY AND MINERAL OCCURENCES OF UGANDA
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GEOLOGICAL POTENTIAL

• SOME GEOINFORMATION AVAILABLE
• FAVOURABLE GEOLOGICAL SETTING
• METASEDIMENTS, INTRUSIVES AND
• MAJOR STRUCTURES SUCH AS RIFTING SHEARS
• GEOLOGY DOMINATED BY PRECAMBRIAN ROCKS
• AIRBORNE GEOPHYSICAL DATA COVERING NEARLY
• 80 OF COUNTRY

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GEOLOGICAL POTENTIAL contd
VARIETY OF MINERALS PRECIOUS, NON-
PRECIOUS INDUSTRIAL GOLD, COPPER, COBALT,
NICKEL, ZINC, LEAD, TIN, BERYLLIUM,
COL-TAN, PGM, BISMUTH, LITHIUM
LIMESTONE, MARBLE, PHOSPHATE, VERMICULITE
SILICA SAND NUMEROUS OLD AND CURRENT
ARTISANAL WORKINGS POTENTIAL FOR
WORLD-CLASS DISCOVERIES
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MAJOR GOLD TRENDS

• UGANDA AT THE CROSSROADS

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NEIGHBOURING GOLD DEPOSITS

• Golden Pride Tanzania 1 M oz
• Golden Ridge Tanzania 1.6
• Bulyanhulu Tanzania 16
• Geita Tanzania 11
• Tulawaka Tanzania 2
• Kilo Moto DRC 4
• Twangiza DRC 2
• 37.6 M oz
• Predominantly in Lake Victoria Greenstone Belt

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STRATEGIES MINERAL POLICY, 2001

• Mineral Resources Contribute to Development
• Sector Development by Private Participation
• Minimize Social and Environmental Impact
• Develop Local Capacity
• Regularize Artisanal Mining
• Women Participation
• Value Added

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STRATEGIES MINING ACT, 2003

• Ownership Vested in Government
• Various Mineral Rights
• Mineral Agreements with investors
• Separation of Powers in administration
• Royalties payable on gross value
• Royalty Revenues Shared Government/Local
  Government and Landowner

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STRATEGIES MINING ACT contd

• Activities to comply with National Environmental
  Management Act
• Compensate Landowners for Disturbance
• Settlement of Disputes Administrative Reviews /
  Courts of Law
• Removal of Discretionary Powers
• Arbitration through sole expert

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STRATEGIES MINERAL SECTOR DEVELOPMENT PROGRAMME

• 2004-2011 World Bank/IDA, African Development
  Bank, Nordic Development Fund, and Government of
  Uganda
• Geoscience Data
• Airborne Geophysical Surveys 700,000 line-kms of
  magnetic, radiometric EM to be acquired.
• To date approx. 558,000 line-kms flown with
  completion expected by Feb 09
• Geological Mapping, Geochemical Surveys Mineral
  Resources Assessment commenced in Nov 2008.
• Establishment of Geoscience Databases, Geological
  Mineral Information System is in progress.

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Priority areas for airborne geophysical surveys.
IDA
AfDB
AfDB
IDA
AfDB
AfDB
IDA
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Airborne magnetic total field intensity
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Airborne total count radiometrics
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STRATEGIES MINERAL SECTOR DEVELOPMENT PROGRAMME
contd

• Capacity Building through training and
  retooling.
• Transparency in Mineral Titles administration.
• Physical infrastructure development.
• Investment Promotion

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CONCLUSIONS

• UGANDA HAS EXCELLENT POTENTIAL
• NEW GEOSCIENCE DATA PROVIDE OPPORTUNITIES
• INVESTOR FRIENDLY POLICIES AND CLIMATE
• WARM WELCOME TO VISIT UGANDA BOOTH 331,
• AT THE MINES MONEY CONFERENCE

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• THANK YOU