Uganda considering a new law allowing gov’t stakes in private mining companies
As early as this week, Uganda’s Parliament could consider a cabinet-approved draft mining law allowing the government to buy stakes in private mining companies. According to reports, the draft mining law could impose harsh penalties for violations in the sector, including prison terms of up to seven years, citing a statement by the country’s junior energy and minerals minister, Sarah Opendi. According to Opendi, the draft law allows for “state equity involvement in big, medium, and small scale mining up to a limit of 15 per cent.” Media reports said…
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