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UNMC has already been established was gazzetted in late December...

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roblun

5,274 Posts.

2125

16/06/23

00:44

Post #: 68313688
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Originally posted by Drax312: ↑

From Google search…….
The establishment of a state-owned mining firm and commercial state participation in the sector are part of wide-ranging reforms under a new mining law enacted last year.The new company will be called Uganda National Mining Company (UNMC), minister Ruth Nankabirwa Ssentamu said in a statement."State equity participation will be in medium and large-scale mining of up to 15% participatory equity interest at no cost to the government," she said.The state-owned firm will help the government get as much value as possible from minerals, Ssentamu said. She did not say when the government would complete setting up the company.
………………………………………..

So we waiting on the new company (UNMC)to be established???

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UNMC has already been established

was gazzetted in late December 2022, it means that UNMC has been setup according to the Ugandan Mining Act 2022

If you download the Ugandan Minerals Act 2022 it’s all written down

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IXR Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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