Museveni Meets Chinese Mining Investors

President Yoweri Museveni last week held a meeting with Hu Yong, the country director of the Chinese-based Guangzhou Dongsong Energy Group Co Ltd, where the two discussed opportunities in Uganda’s mining sector.

The meeting, which took place at State House, Entebbe, according to a government press statement, affirmed China’s commitment to Uganda’s mining industry.

“The president and his guest discussed issues pertaining to the minerals sector in the country,” according to the government statement.

Guangzhou Dongsong Energy Group Co Ltd has already been involved in development programmes in Uganda. Last year, the company got a lease to mine phosphate deposits in eastern Uganda’s Tororo district. The company plans to produce 300,000 tonnes of fertilizers, 300,000 tonnes of steel and will also build a 5MW power plant there.

Already, Tibet-Hima, a consortium of Chinese firms, is also reviving copper mining in western Uganda with a $175m investment plan. With the mining industry in need of available electricity to run their investments, China has also positioned itself as Uganda’s main energy producer to deal with this challenge.

Chinese companies are already undertaking some of the biggest power projects in the country, such as the 600MW Karuma power project, and the 180MW Isimba plant.

Source : The Observer

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