Daily Monitor
Tuesday December 15 2020
Summary
Mineral factor. Kasese is endowed with minerals including copper, limestone and salt. The government in 2017 cancelled the 25-year mining concession held by Hima-Tibet, a Chinese consortium, that was tasked to revamp the Kilembe Copper Mines.
The government has since promised to find another investor who would first construct a copper smelting plant in order to add value to the mineral that has not been mined since the 1970s when the world’s copper market went down.
Recently, Ms Sarah Opendi, the State minister for Minerals, said: “We are planning to make an international advertisement for prospective investors to take over Kilembe Mines”.