- positiveInvestment
Power costs push mines to solar hybrids
Diesel is eating margins at rural processing plants, so more operators are putting solar and batteries beside the generator. The savings look real, the maintenance question is not settled.
David Mubiru · Medium-scale operators · Busia and Mubende
August 16, 2026 - analysisInvestment
Uganda pitches minerals as a growth engine
Government messaging this month places minerals alongside oil as a driver of industrialisation. The ambition is coherent. The delivery record on value addition, licensing capacity and revenue collection is what will decide it.
Charity Mugisha · Ministry of Energy and Mineral Development · Kampala
August 13, 2026 - analysisInvestment
Gold passes five billion dollars in export earnings
Gold accounts for more than three-quarters of export earnings, but a large share of the value still comes from refining and re-exporting metal sourced outside Uganda.
Charity Mugisha · Uganda Revenue Authority, licensed refiners · Entebbe
August 9, 2026 - analysisInvestment
South west tin and tungsten mines reopen under cost pressure
Firmer tin and tungsten prices have brought medium-scale underground operations in the south west back into production. Grid reliability and the road to the Ruti smelter still decide whether the ore is worth lifting.
Moses Byaruhanga · South western tin and tungsten operators · Kabale and Kisoro
August 6, 2026 - analysisInvestment
Jefferies: gold can recover as real-rate pressure eases
With bullion pinned near 4,000 dollars an ounce and 10-year real yields at about 2.41 per cent, Jefferies argues the metal can rally again once rate-hike pressure fades. For Uganda's licensed producers, the call matters more than the headline price.
Charity Mugisha · Jefferies, Uganda licensed gold producers · Kampala
August 5, 2026 - analysisInvestment
Muko iron ore and the steel question
With around 260 million tonnes of proven reserves across Muko, Bukusu and Sukulu, Uganda has the ore. Smelting economics depend on electricity tariffs and haulage.
Moses Byaruhanga · Muko iron ore concessions · Kabale
July 24, 2026 - positiveInvestment
Ruti smelter opens a domestic outlet for tin
Commissioned at Ruti in Mbarara, the country's first tin smelter changes the economics for tin, tungsten and tantalum producers in Kisoro, Ntungamo and Rukungiri.
Prossy Kansiime · Ruti tin smelter · Mbarara
July 18, 2026 - analysisInvestment
Kabale iron ore beneficiation plant begins commissioning
A mid-scale iron ore beneficiation plant in Kabale District has entered commissioning, targeting regional steel mills and marking a rare step toward domestic value addition outside the gold sector.
David Mubiru · Kigezi Iron and Steel Ltd · Kabale
December 14, 2025