Ministry of Energy and Mineral Development
Aug 05, 2015
We have been issuing notices to defaulters reminding them to pay license fees, but many have not complied.Under the Mining Act (2003), those who default on payment of mineral rent fees and royalties for Mineral Rights face a possible fine of up to 2% per annum above the commercial bank lending rate
We have been issuing notices to defaulters reminding them to pay license fees, but many have not complied.Under the Mining Act (2003), those who default on payment of mineral rent fees and royalties for Mineral Rights face a possible fine of up to 2% per annum above the commercial bank lending rate as established by the Bank of Uganda or to imprisonment for a term not exceeding one year, or both.