{"id":13205,"date":"2024-11-04T16:13:17","date_gmt":"2024-11-04T16:13:17","guid":{"rendered":"https:\/\/ugandaupdatenews.com\/?p=13205"},"modified":"2024-11-04T16:13:23","modified_gmt":"2024-11-04T16:13:23","slug":"new-national-mining-company-board-has-been-inaugurated-to-manage-commercial-interests-of-the-minerals-sector","status":"publish","type":"post","link":"https:\/\/prowebinhost.com\/anzu\/new-national-mining-company-board-has-been-inaugurated-to-manage-commercial-interests-of-the-minerals-sector\/","title":{"rendered":"New National Mining Company Board \u00a0Has Been Inaugurated ,To Manage Commercial Interests Of The Minerals Sector"},"content":{"rendered":"\n

By Zulfah Namatovu<\/strong><\/p>\n\n\n\n

The National Mining Company (NMC) has inaugurated its new Board of Directors today at the Petroleum House in Entebbe.<\/p>\n\n\n\n

The new board, led by James Mukasa Ssebugenyi as the chairperson and James Byagaba deputy chairperson, comprises seasoned experts including John Fisher, Agnes Alaba, Francis Twinamatsiko, Dr. Kevin Aanyu, Dr. Alex Kwatampora Binego, and Wilfred Kokas.<\/p>\n\n\n\n

These professionals bring a wealth of experience to the sector, aiming to expand mineral exports and increase Uganda\u2019s stake in international mineral markets.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

At the inauguration ,the Minister of State for Minerals, Phiona Nyamutoro, emphasized the need for value addition in Uganda\u2019s mineral sector.<\/p>\n\n\n\n

\u201cThis board arrives at a critical moment when the government is focused on adding value to our mineral resources, ensuring that more of the value chain stays within the country and creates jobs locally,\u201d Nyamutoro explained. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Eng.Irene Batebe ,Permanent Secretary ,Ministry of Energy and Mineral Development<\/em><\/strong><\/p>\n\n\n\n

\u201cUganda stands to benefit economically and environmentally by adopting modern mining practices and reducing raw mineral exports,\u201d she added .<\/p>\n\n\n\n

 Eng.Irene Batebe, Permanent Secretary of the Ministry of Energy and Mineral Development, welcomed the board, underscoring their role in promoting accountability and boosting the legal and regulatory framework. <\/p>\n\n\n\n

\u201cThis board will ensure that our mineral resources contribute more significantly to Uganda\u2019s economic growth,\u201d Batebe remarked. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Minister of State for Minerals, Phiona Nyamutoro<\/em><\/strong><\/p>\n\n\n\n

She further highlighted the importance of responsible mineral sourcing and noted the government\u2019s new policy directive of prohibiting the export of raw minerals as part of efforts to enhance value addition within Uganda.<\/p>\n\n\n\n

This new leadership marks a crucial step forward in managing the commercial interests of Uganda\u2019s mineral resources. With a dedicated focus on economic growth and partnership, the NMC seeks to drive national participation in mining, working alongside the private sector to maximize revenue and ensure that mineral exploitation aligns with Uganda\u2019s broader development goals.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Dr. Patricia Litho , Head Communications and Corporate Affairs at the Ministry of Energy <\/em><\/strong><\/p>\n\n\n\n

The National Mining Company was established as a commercial vehicle to enable the government to actively participate in the mining sector, following the model of the Uganda National Oil Company (UNOC), which manages government stakes in the petroleum industry. <\/p>\n\n\n\n

The new board\u2019s mandate includes fostering a more structured and lucrative mineral market, strengthening the sector\u2019s regulatory framework, and promoting transparency in operations.<\/p>\n\n\n\n

The mining sector in Uganda faces various challenges, with low funding to the Mineral Development Programme identified as a key bottleneck. <\/p>\n\n\n\n

Editor:msserwanga@gmail.com<\/strong><\/strong><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

By Zulfah Namatovu The National Mining Company (NMC) has inaugurated its new Board of Directors today at the Petroleum House<\/p>\n","protected":false},"author":1,"featured_media":13206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[65],"tags":[],"class_list":["post-13205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2024\/11\/pau-4.jpg","jetpack-related-posts":[{"id":5871,"url":"https:\/\/prowebinhost.com\/anzu\/energy-minister-nankabirwa-inaugurates-new-uetcl-gets-new-board\/","url_meta":{"origin":13205,"position":0},"title":"ENERGY MINISTER NANKABIRWA INAUGURATES NEW UETCL BOARD OF DIRECTORS","author":"UgandaUpdate","date":"June 10, 2022","format":false,"excerpt":"The government has inaugurated a new Board of Directors to steer the operations of the Uganda Electricity Transmission Company Limited \u2013 UETCL for the next three years. 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Ruth Nankabirwa has called upon stakeholders in the mining sector to practice sustainable exploitation of mineral resources for social economic development of the people of Uganda. 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