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
This New Import Law Will Hurt U.S. Consumers
For small importers it will be impossible to do the above. Only big companies [Congress’ gift to Big Corporations] can afford to research and provide all that data and to take the risk of importing products that may get confiscated at the border. They will of course ask their customers to pay for all that.
US Crackdown on Forced Labor in China Risks Further Supply Chaos
MoA brings up some things that I hadn’t.
The US is heavily reliant on China and Russia for its ammo supply chain. Congress wants to fix that.
Antimony is a critical mineral commodity for advanced technological uses and the U.S. imports over 70% of antimony consumed domestically. Most of our imported antimony comes from China, which is beginning to reduce its production. Understanding of the origin of this deposit, the largest known antimony deposit in the U.S., would aid in future exploration for undiscovered deposits of this type, both domestically and internationally. Source – US Geological Survey
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
They only have themselves to blame!
Chinese authorities this week warned the US and its close allies, Canada and Australia, of serious dangers of armed conflict arising from confrontational actions by their military aircraft in the East China Sea near Taiwan and close to Chinese facilities in the South China Sea.China warns of US-led “provocative” military actions in South and East China Seas
US, China on Collision Course Over Taiwan