Chinese company to invest US$100 million in Kilembe Mines

Friday 27th April 2012

President Yoweri Museveni has assured a Chinese Private owned company, Gingko Energy, their plans to invest in the development of Kilembe Copper Mines in Kasese district, Wesatern Uganda, is a welcome move. He said the Government of Uganda is interested in allowing investments in Kilembe Mines in order to ensure that the country gets more revenue that would be used to expand the national development tempo.

President Museveni was today meeting with Mr. Lin Rui Hui who is Chinese-based Chairman of Gingko Energy Company at State House, Entebbe. The President advised the company to focus on the production of 99% pure copper which, he said, can be exported and for use in local industries in Uganda.

Mr. Museveni said the 94% blister copper should be produced for export because the local industries will not be able to use it for making final products noting that pure copper can be used by the local industries to manufacture items such as electrical materials, among others.

Regarding the court injunction that came into play after the misunderstanding between the Uganda Gold Mining Company and Kilembe Mines, the President said that should not be an obstacle to hinder development of the resource. He said the issue should be sorted out without stopping development.

Chairman Lin Rui Hui, on his part, revealed that his company plans to invest US$ 100 million for the development of Kilembe Mines in the next 5 years. He said Kilembe Mines has a total capacity of 300,000 tons of copper ore out of which 200,000 tones have been proved.

Mr. Lin Rui Hui also said they will build a technical school and a hospital as part of their social responsibility in investing in the development of the local community’s welfare, among other development plans. He added that what remains is for the Government of Uganda to give the company a go-ahead to commence the work at the mines.


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