Minister Nyamutoro touts Uganda's new 'cash cow' as 3rd gold refinery opens

Uganda Launches First Official Gold Refinery, Offering Relief to Artisanal Miners and Cracking Down on Fraud

In a landmark development for Uganda’s mining sector, the government has officially launched the country’s first state-of-the-art gold refinery in Kampala. The facility, Euro Gold Refinery, is expected to streamline the gold trade, protect artisanal miners from widespread fraud, and boost government revenues lost to illegal exports. Located along Katego Road in Kamwokya, the refinery was commissioned in July 2025 by Dr. Ruth Nankabirwa Ssentamu,…

New Gold Refinery Opens in Kampala to Fight Scams » Business Focus

Minister of Energy and Mineral Development Dr. Ruth Nankabirwa Ssentamu (L), Phiona Nyamutoro State Minister for Minerals (C) and Euro Gold Refinery Director Feni Benard (R) A section of Uganda’s artisanal miners has expressed relief following the launch of the country’s first state-of-the-art gold refinery in Kampala, a move they say will help curb the widespread fraud by fake gold dealers and scammers. Joseph Dave Mwebesa, an artisanal miner o…

Minister Nyamutoro touts Uganda's new 'cash cow' as 3rd gold refinery opens

Uganda officially unveiled its third licensed gold refinery in another major step in the nation's ambitious drive towards mineral beneficiation and industrialisation.  Euro Gold Refinery (U) SMC Ltd, located in Kamwokya, was formally opened by the Minister of Energy and Mineral Development, Hon. Ruth Nankabirwa, alongside the Minister of State for Mineral Development, Hon. Phiona Nyamutoro.  The new facility received its refinery licence in June…