Alupo gave the ministry up to two weeks to have advertised for investors. Alupo said that if an investor is sought, it will control resource wastage. She added that letting the mines waste away denies Uganda a lot of revenue but also slows down the progress of Kasese district.
Speaking at the closure of a two-day mineral wealth conference in Kampala on Thursday, Irene Muloni, the Minister of Energy and Minerals Development said the investor will be required in the new arrangement to carry out the entire chain from exploration to beneficiation of the resource.
In 2013 government awarded the concession to Tibet Hima Mining Company to run till 2038. According to the agreement, the company, which reportedly was the best, was to pay a signature bonus of 4.3 million dollars, equivalence 16 billion shillings, a concession fees of 3.6 billion shillings and rehabilitate the mines at 600 billion shillings.
More than 3,000 residents of Kilembe Mines estates in Kasese Municipality are consuming water from the rusty metallic pipes, putting their lives at risk. The water is pumped directly from River Nyamwamba.