Business
Gold mining starts in Ibanda district
Publish Date: Oct 23, 2013
Gold mining starts in Ibanda district
Simba Mining Company director Paul Zhang (left) explaining to Byabagambi (in glasses) how the mining machines work. Behind the minister is Bitature. Picture by Fred Turyakira
  • mail
  • img
newvision

By Fred Turyakira

A gold mine has been commissioned in Ibanda district.Works and transport state minister Eng. John Byabagambi switched on the drilling rig to start mining work at Kitaka Gold Mine in Kichuzi sub-county after Simba Mining Company procured a prospecting license covering 40sqkms to mine gold around Kasyoha-kitomi Forest Reserve.

Simba is jointly mining the area with two Chinese companies, China Red Apple and Tian Tang Group.

Byabagambi hailed Simba chairman Patrick Bitature for teaming up with the Chinese to resurrect modern mining, which was abandoned by Europeans due to political instability.

“I am happy the Chinese are involving locals by employing over 100 residents from Ibanda and neighbouring Kamwenge district in the mining business. This area has practiced gold mining since the 1960s, but was abandoned by whites after outbreak of war in the country,” Byabagambi said.

He said investing in the mining sector is the way to go because the Government borrowed a lot of money to map mining locations and many gold deposits were discovered.

The geophysical survey confirmed the presence of gold in Ibanda, Bushenyi, Mubende, Buhweju, Hoima, Rukungiri, Kisoro, Kabale, Kibaale and Kabarole in western Uganda. Kitgum, Jinja, Karamoja and Busia districts were also found to have gold.

Byabagambi noted that the survey also showed that Uganda is endowed with other minerals such as copper, uranium, cobalt, limestone and phosphate.

He urged local miners to exploit the opportunity and own the mines to develop their areas. Bitature said it is a dream come true for his company to move from elementary to modern mining.

“Without the right technology, you cannot do meaningful mining. This will boost the investment and development both in this area and the country because over 90% of staff are locals and the Government will also get its royalties,” he noted.

Bitature said the company will construct three schools and a fully-fledged health centre to benefit villages of Irimya, Kitaka and Kanywabogo around the mining site.
Bitature also handed over 200 mattresses and books to the locals.

He appealed the Government to put up gold laboratories in the region to save miners from taking samples to South Africa and China for testing.

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Dr Maggie Kigozi: Obstacles in businesses are jewels
Dr Maggie Kigozi, director Crown Beverages Ltd has challenged the youth to consider obstacles in starting and running businesses as opportunities to create better lives....
How to widen Uganda’s tax base in a large subsistence economy
Uganda’s tax base remains small and the country is grappling with measures on how to widen the tax base in light of decreasing donor funds and pressures to finance the national budget....
UAE Exchange Uganda observed World Food Day
UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand observed World Food Day on 16th October. This year the theme was Family Farming: “Feeding the world, caring for the earth”...
Nigerian cleric warns Uganda over oil curse
Rev Father Edward Obi, a leading civil society activists fighting against the effects of the oil curse in Nigeria has warned Uganda that since oil has been discovered Ugandans are not safe from the negative effects the resource brings....
Oil to spur capital markets – Nsamba
This year marks 18 years since the Capital Markets Authority (CMA) was formed....
UBOS releases Producer Price Index
THE indices for hotels and restaurants indicate that annual prices for hotel services fell by 2.5 percent during the period of April, May and June 2014, compared to the same period in 2013...
Should the absence of bride price prevent couples from wedding?
Yes
No
Can't Say
follow us
subscribe to our news letter