Uganda: Government to Revive Kilembe Mines After 30 Years, Seeks Investors

Uganda: Government to Revive Kilembe Mines After 30 Years, Seeks Investors

[Nile Post] Government has said it is going to restart the redevelopment of Kilembe Mines after 30 years, calling upon expressions of interest from investors to help in ensuring the restoration of the Mines.

Uganda seeks investors to revive copper mine

Uganda said on Tuesday it was inviting expressions of interest from investors to restart a vast copper mine in the country's west that also holds significant cobalt deposits. The Kilembe mine, which sits on the foothills of the ice-capped Rwenzori mountains on the border with Democratic Republic of the Congo, is estimated by government geologists to contain about four-million tonnes of ore that is 1.98% copper and 0.17% cobalt.