Uganda says exploration results show it has 31 million tonnes of gold ore
Muyita said Wagagai, a Chinese company, had set up a mine in Busia in eastern Uganda and was expected to start production this year. Wagagai had invested $200 million, he said, and its mine will have a refining unit.
Parliament early this year enacted a new mining law that, once signed by the president, will pave way for the creation of a state mining company.
The company will compulsorily acquire a 15% stake in every mining operation and investors will be required to sign a production-sharing agreement with the government. Previously investors were given mining production licenses on a first-come, first-served basis.
Six decades of China-Uganda diplomatic relations and win-win partnership
Debt trap rumour intended to derail Uganda, China friendship
Uganda: President Pledges Rights Improvements
Hijacking Human Rights
HRW, sponsored by Adessium Foundation, Open Society Foundations, The Ford Foundation.
NED – Uganda
Looks like HRW & NED are on top of it! #RegimeChange
Today marks 15 days since the beginning of the demonstrations against the neoliberal government of Guillermo Lasso. During that time over 15,000 indigenous people and representatives of social movements have joined the protests to demand urgent actions to stop the collapse of the living conditions of the poorest and the entire working class. However, the response has been violence and police repression, which has already caused six deaths, hundreds of wounded, and over 200 imprisonments.Ecuador: Lasso’s Masquerade vs. People’s Real Demands
Ecuador’s Lasso survives impeachment vote, halts protest talks
Congress has repeatedly authorized multimillion-dollar sell-offs of the U.S. strategic minerals stockpile over the past several decades, but Washington’s increased anxiety over Chinese domination of resources critical to the defense industrial base has prompted lawmakers to reverse course and shore up the reserve.
The stockpile was valued at nearly $42 billion in today’s dollars at its peak during the beginning of the Cold War in 1952. That value has plummeted to $888 million as of last year following decades of congressionally authorized sell-offs to private sector customers. Lawmakers anticipate the stockpile will become insolvent by FY25.
“A lot of what happened is Congress just getting greedy and finding politically convenient ways to fund programs that they weren’t willing to raise revenue for,” said Moulton.Congress and Pentagon seek to shore up strategic mineral stockpile dominated by China
Blame China for their greed?! 🙄