Transcript UGANDA - THE POTENTIAL SOURCE FOR MINERALS

UGANDA’S MINERAL POTENTIAL –
THE UNEXPLORED COUNTRY
JOSHUA T. TUHUMWIRE
COMMISSIONER
DEPARTMENT OF GEOLOGICAL SURVEY AND MINES
Mines & Money Conference, London – 2008
Email: [email protected]
1
LOCATION
2
GEOLOGY AND MINERAL OCCURENCES OF UGANDA
3
GEOLOGICAL POTENTIAL
* SOME GEOINFORMATION AVAILABLE
* FAVOURABLE GEOLOGICAL SETTING
* METASEDIMENTS, INTRUSIVES AND
MAJOR STRUCTURES SUCH AS RIFTING & SHEARS
* GEOLOGY DOMINATED BY PRECAMBRIAN ROCKS
* AIRBORNE GEOPHYSICAL DATA COVERING NEARLY
80% OF COUNTRY
4
GEOLOGICAL POTENTIAL cont’d
* VARIETY OF MINERALS: PRECIOUS, NONPRECIOUS & INDUSTRIAL
* GOLD, COPPER, COBALT, NICKEL, ZINC, LEAD,
TIN, BERYLLIUM, COL-TAN, PGM, BISMUTH,
LITHIUM
* LIMESTONE, MARBLE, PHOSPHATE, VERMICULITE
& SILICA SAND
* NUMEROUS OLD AND CURRENT ARTISANAL
WORKINGS
* POTENTIAL FOR WORLD-CLASS DISCOVERIES
5
MAJOR GOLD TRENDS
UGANDA AT THE
CROSSROADS
6
NEIGHBOURING GOLD DEPOSITS
Golden Pride
Golden Ridge
Bulyanhulu
Geita
Tulawaka
Kilo – Moto
Twangiza
Tanzania
Tanzania
Tanzania
Tanzania
Tanzania
DRC
DRC
1 M oz
1.6
16
11
2
+4
+2
37.6 M oz
Predominantly in Lake Victoria Greenstone Belt
7
STRATEGIES – MINERAL POLICY, 2001
•
•
•
•
•
•
•
Mineral Resources Contribute to Development
Sector Development by Private Participation
Minimize Social and Environmental Impact
Develop Local Capacity
Regularize Artisanal Mining
Women Participation
Value Added
8
STRATEGIES – MINING ACT, 2003
•
•
•
•
•
•
Ownership Vested in Government
Various Mineral Rights
Mineral Agreements with investors
Separation of Powers in administration
Royalties payable on gross value
Royalty Revenues Shared: Government/Local
Government and Landowner
9
STRATEGIES – MINING ACT cont’d
• Activities to comply with National Environmental
Management Act
• Compensate Landowners for Disturbance
• Settlement of Disputes: Administrative Reviews /
Courts of Law
• Removal of Discretionary Powers
• Arbitration through sole expert
10
STRATEGIES – MINERAL SECTOR
DEVELOPMENT PROGRAMME
• 2004-2011: World Bank/IDA, African
Development Bank, Nordic Development Fund,
and Government of Uganda
• Geoscience Data
– Airborne Geophysical Surveys: 700,000 line-kms of
magnetic, radiometric & EM to be acquired.
– To date approx. 558,000 line-kms flown with
completion expected by Feb 09
– Geological Mapping, Geochemical Surveys & Mineral
Resources Assessment commenced in Nov 2008.
– Establishment of Geoscience Databases, Geological
11
& Mineral Information System is in progress.
Priority areas for airborne geophysical surveys.
IDA
AfDB
AfDB
IDA
AfDB
AfDB
IDA
12
Airborne magnetic total field intensity
13
Airborne total count radiometrics
14
STRATEGIES – MINERAL SECTOR
DEVELOPMENT PROGRAMME cont’d
• Capacity Building – through training and
retooling.
• Transparency in Mineral Titles
administration.
• Physical infrastructure development.
• Investment Promotion
15
CONCLUSIONS
•
UGANDA HAS EXCELLENT POTENTIAL
• NEW GEOSCIENCE DATA PROVIDE
OPPORTUNITIES
•
INVESTOR FRIENDLY POLICIES AND CLIMATE
WARM WELCOME TO VISIT UGANDA BOOTH 331,
AT THE MINES & MONEY CONFERENCE
16
THANK YOU
17