General Chat / Discussion, page-8034

Could be the reason for the delay in the ML , now the government updating polices on REEs , seams the outlines with this new mining act , are very emendable.

VALUE ADDITION

The global energy transition, which calls for the exploration of critical minerals, has reinforced government’s resolve to promote value addition within its mining sector. A ban on the exportation of raw minerals has slowed down investments in some parts of the mining sector, with investors arguing that the high costs of production – such as expensive electricity and the absence of a local lucrative market for finished products – make it hard for them to invest heavily in refining minerals.

Government is not expected to relax its policy on the ban on the export of raw ores. Recently, the minister of Energy and Mineral Development, Ruth Nankabirwa, signed a new statutory instrument that sets higher purity levels for tin exports. The move is meant to force companies involved in the exploration of tin to refine the mineral...