THE MINERAL WEALTH CONFERENCE 2019
The annual Mineral Wealth Conference (MWC) is organized by Uganda Chamber of Mines and Petroleum (UCMP) in partnership with the Ministry of Energy and Mineral Development (MEMD). The conference plays a critical role in creating opportunities for Uganda’s domestic and international mining interests since it brings together key policy and decision makers, business leaders, bankers, academia and mining investors from all over the world. It offers a platform for presentations, interactive panel discussions, business matchmaking, networking and exhibition of products and services.
The 2020 Mineral Wealth Conference is scheduled for 14th and 15th of October 2020 Online and On TV.
The theme of the conference is: “Creating an enabling environment for Mining in Uganda”
Deliberations at the conference will cover; latest developments in Uganda’s mineral sector, opportunities for exploration and Value addition, mining technologies and technological advancements in the mineral sector, international best practices in mining, management of mining projects, geological data acquisition, raising capital for mining projects, conflict management, production sharing agreements in the mineral sector, legal and regulatory frameworks in mining businesses, the role of the state in mining, the role of the private sector, democratic governance of minerals and equal opportunities for national participation, training, skills development and filling the gaps. risks and financing for the mineral sector, the co-existence of artisanal and large scale miners, infrastructural requirements for the mineral sector, business models drawn from international experiences among others. The conference will bring together close to 1000 stakeholders drawn from:
- Exploration and mining investors
- Artisanal and small scale miners
- Government officials
- Development partners
- Financial institutions
- Energy companies
- Construction companies
- Among Others
Over the years, the Mineral Wealth Conference has become one of the most eagerly awaited events on Uganda and East Africa’s mining calendar.
ABOUT UGANDA’S MINERAL SECTOR
Uganda has a very high potential for exploitable mineral deposits attributed to the existence of diverse geology. A variety of minerals, both metallic and non-metallic has been produced in the country since time immemorial up to date. In addition, using recent technological advancement in mineral exploration, Uganda has made discoveries of rare earth elements
In the recent past, Uganda embarked on the legal and regulatory reforms aimed at improving efficiency, promoting investment, value addition, industrialization, increased revenue generation and national participation in the minerals sector to significantly contribute towards the achievement of sustainable development and socio-economic transformation.
At present, the Mining and Minerals policy 2018 is in place, Geological maps with new mineral potential zones have been generated, and a Mining Cadastre and Registry System (MCRS) put in place, among others to facilitate easy access to information electronically by users and investors.
The digitization technology has provided digital data and processes through online application system for mineral concessions. Mineral beneficiation centers to provide services closer to the people and strengthen institutional research capacity in geosciences, mining as well as promoting mineral value addition have been established across the country.
Furthermore, in order to monitor and manage the artisanal mining sub-sector in Uganda, for the first time, mapping, registering and training artisanal miners as well as developing a database for the same, is ongoing.
In an effort to promote industrialization, Uganda has embarked on a feasibility study for the establishment of an integrated iron and steel industry to maximize the value of the rich iron ore deposits in country. This is in further addition to the tremendous progress that has been made by different private sector players in the exploration and discovery of more reserves of various minerals.
As the Country looks forward to mineral value addition, commercial reserves are prospective in; Gold, Copper, Nickel, Cobalt, 3Ts, Graphite, phosphates, rare earth elements and iron ore among so many others.
The development minerals subsector has also over the past years received a boost mainly from the ACP-EU Development Minerals Programme implemented by United Nations Development Program (UNDP). The 2nd phase of implementation of this programme is scheduled for August 2019.
The 1st phase of the programme registered a lot of success which include; the regulation of development minerals captured in the ongoing review of minerals legal and regulatory framework , awareness of the importance of the subsector, the baseline survey done, market survey and value chain analysis, trainings in various fields for the players in the subsector, small grants aimed at improving Health, Safety and environment, enterprise development and conflict resolution among so many others.
2019 is therefore in so many ways a defining year for Uganda’s Mineral Sector. It also marks 100 years since the department of Geological Survey was established in Uganda. It is the time for the country to look back at milestones and success achieved and the lessons learned over the 100 years in preparation for laying the foundation stone for the next century.
Through collaborative efforts, there are so many initiatives ongoing as integral part of a successful mining industry in Uganda. This is the story Uganda Chamber of Mines and Petroleum, through business links in partnership with the Ministry of Energy and Mineral Development as a regulator seek to write.