Kilembe Mines to be re-opened
Oct 07, 2004
UGANDA has signed an exploration and feasibility study agreement with Uganda Gold Mining Limited (UGM) to make Kilembe Mines economically-viable after 24 years of non-productivity
By Kiganda Ssonko
UGANDA has signed an exploration and feasibility study agreement with Uganda Gold Mining Limited (UGM) to make Kilembe Mines economically-viable after 24 years of non-productivity.
The signing took place on September 27, in Vancouver, Canada.
Kilembe Mines’ board chairman, Fred Nyakana and the general manager, Bob Makoma, sealed the pact.
Allan Beaton and Bradley Jefferson UGM’s president and managing director respectively, signed on behalf of the Canadian-based firm.
In an interview at Kilembe’s Kampala offices after their return on October 5, Makoma said the project which would cost between $3m and 5m will generate more revenue and employ many people.
“UGM will carry out the exploration aimed at finding more reserves,†he said.
Makoma said the three-year exploration would be done on Kilembe Mines’ 3,282 hectares and areas within 5kms of the mines to find more copper and cobalt-rich areas.
UGANDA has signed an exploration and feasibility study agreement with Uganda Gold Mining Limited (UGM) to make Kilembe Mines economically-viable after 24 years of non-productivity.
The signing took place on September 27, in Vancouver, Canada.
Kilembe Mines’ board chairman, Fred Nyakana and the general manager, Bob Makoma, sealed the pact.
Allan Beaton and Bradley Jefferson UGM’s president and managing director respectively, signed on behalf of the Canadian-based firm.
In an interview at Kilembe’s Kampala offices after their return on October 5, Makoma said the project which would cost between $3m and 5m will generate more revenue and employ many people.
“UGM will carry out the exploration aimed at finding more reserves,†he said.
Makoma said the three-year exploration would be done on Kilembe Mines’ 3,282 hectares and areas within 5kms of the mines to find more copper and cobalt-rich areas.