Uganda has launched its first industrial gold mine in Busia, eastern Uganda, marking a major step in the country’s strategy to maximize its natural resources.
The $250 million project, funded by Chinese investment, reflects Kampala’s ambition to become a significant player in the global gold market.
Covering over nine square kilometers, the mine is expected to process around 5,000 tons of ore daily and produce about 1.2 tons of refined gold annually, with a purity level of 99.9%, according to the Ugandan presidency.
