Tullow Oil’s deal to farm down its interest on a section of Uganda’s Albertine oil exploration area, that has been pending for the last two and half years, collapsed on August 29. But in veiled and carefully crafted statements, both the Government of Uganda and Tullow, the two principals in the transaction, are pointing fingers different directions for causes of the flop.
By Benjamin Mukose
In a bid to improve efficiency, transparency and investment in the minerals sector in Uganda, the Ministry of Energy & Mineral Development is in the final stages of developing an online mineral licensing system. The Infrastructure Magazine understands that the system developed by Trimble, an American company with a global footprint, will be launched in August.
Fourteen people- seven men and seven women- have been killed when a mine collapsed in the Rwagana Tin mine, east of Rwanda. The owners of the mine said the accident occurred because of heavy rains. The mine is concessioned to British group, Piran Resources.
President Yoweri Museveni has launched the fourth cement producer in Uganda with an immediate production capacity of 750 tonnes, but with a promise to double that to 1.5 million tonnes per annum in 2019.
On 14 September 2017, Irene Muloni and Roger Cressey, representing the government of Uganda and Armour Energy, respectively, inked a deal under which the government handed over the Kanywatabala oil Block to the Australian oil prospector, for oil exploration.