The foundation for UNMC was laid through the Mining and Minerals Act, 2022, which reformed Uganda’s mining legal framework to align with the country’s industrialization and value-addition agenda. Among its provisions, the Act created the requirement for a state mining company to manage the Government’s commercial interests in mineral resources.
To responsibly manage and grow State interests in mining, ensuring maximum value and benefit for Ugandans.
To be a leading state-owned mining enterprise unlocking Uganda’s mineral wealth for sustainable national growth.
To manage Uganda’s strategic commercial interests in the mining sector
Following this legal framework, the Government of Uganda, through the Ministry of Energy and Mineral Development and the Ministry of Finance, Planning and Economic Development, initiated the process of setting up the Company. UNMC was formally registered in 2024 as the State-owned enterprise mandated to:
Today, UNMC stands as the vehicle through which the State participates in Uganda’s mining sector, ensuring that mineral wealth directly contributes to sustainable economic growth and industrial transformation.
Transforming Mineral Resources into Productive Assets, Value-Added Industries and Sustainable Economic Value, advancing Uganda’s journey towards Vision 2040.
Geological surveys and drilling locate viable mineral deposits.
Ore is extracted under licensed, safe and regulated operations.
Crushing, concentration and refining separate the valuable minerals.
Minerals are upgraded into higher-grade products within the country.
Refined materials become finished goods and industrial inputs.
Products reach local, regional and international buyers.
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