Uganda’s mineral industry remains significantly unexploited and under-regulated within the East African region.
Small to medium scale mining has been carried out in the country since the 1930s. The country boasts of a range of mineral resources, which include Copper, Iron Ore, gold, phosphates, tungsten, tin, beryl, tantalum, niobium, phosphates and limestone.
Before Uganda’s Independence in 1962, mining alone contributed to over 30% of the country’s foreign exchange earnings (UIA 2009/10).
A combination of political turmoil and a fall in global mineral prices in the 1970s culminated into an exodus of skilled manpower out of the country and a wane in foreign direct investment (FDI) in the country’s then promising mineral industry.