Uganda’s Parliament passes Mining and Minerals Bill, 2021

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TDPel Media

Parliament has passed the Mining and Minerals Bill, 2021 which will see the establishment of the Uganda National Mining Company which will manage the government’s commercial holding and participating interests in mineral agreements. The Bill that was passed on 17 February 2022 mandates the National Mining Company to hold 15 per cent free equity in all large and medium mining ventures as well as have the right to pay up 20 per cent extra shares in the mining ventures at the commercial rate. The Chairperson of the Committee on Environment and Natural Resources, Hon Emmanuel Otaala who presented …

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