Uganda is to set to implement a new law that will allow would allow the government to own shares in private mining operations.
“We are pleased to have signed this MoU which will enable the Makuutu Rare Earths Project to rapidly advance activities in the near term."
"This advance in the Exploration Target to confirm Makuutu to be one of the largest ionic adsorption clay deposits outside of China."
EITI implementation can help lay the foundation for transparent and accountable management of the country’s natural resource wealth.
The key to attract mineral exploration into resource-rich African countries is having access to reliable, publicly-available geological data.