The Uganda Chamber of Mines & Petroleum (UCMP) extends its heartfelt congratulations to the Ministry of Energy and Mineral Development (MEMD) and the newly appointed Board of Directors for the National Mining Company (NMC), whose inauguration marks a critical moment for Uganda’s mining sector.
Unveiled under the guidance of Hon. Phiona Nyamutooro on behalf of Hon. Ruth Nankabirwa, Minister of Energy and Mineral Development, this inaugural 9-member board is set to play a foundational role in advancing Uganda’s mining industry.
The UCMP recognizes the leadership of Mr. James Mukasa Ssebugenyi as Chairperson—a distinguished legal expert whose extensive experience in dispute resolution will be vital in steering the NMC’s strategic direction. Alongside Mr. Ssebugenyi, Vice Chair Mr. James Byagaba and board members Ms. Kevin Aanyu, Ms. Agnes Alaba, Dr. Alex Kwatampora Binego Zentaro, Hon. Maria Kiwanuka Nabasirye Kiwana, Mr. Francis Twinamatsiko, Mr. Wilfred Kokas Aupaul, and Mr. John Fisher Kanyemibwa bring invaluable expertise to Uganda’s emerging mining landscape.
The NMC’s establishment, in line with the Mining and Minerals Act 2022, signals a commitment to safeguarding Uganda’s mineral resources through an integrated approach to state participation and regulation.
The Act’s provision for a 15% free carried interest in mining licenses ensures that Ugandans receive a direct share of mining revenues—a significant stride towards national prosperity and sustainable resource management.
As Uganda’s leading private sector representative in the extractive industries, the UCMP pledges to work collaboratively with the NMC in transforming Uganda’s mining sector.
We recognize the strategic potential of the NMC not only to enhance revenue transparency but also to attract international investment, bolster local business participation, and ensure robust oversight of mining activities. These steps are essential to realizing the country’s vision of sustainable, inclusive, and value-driven growth in mining.
The Board’s tenure aligns with the National Development Plan IV (NDP IV) framework, which prioritizes mining as a core pillar of Uganda’s economic development from 2025 to 2030.
By advancing local value addition and promoting responsible mining practices, the NMC is poised to harness Uganda’s rich mineral resources, including gold, copper, cobalt, iron ore, and rare earth elements, among others. This will not only secure substantial economic returns but will also support job creation and foster skill development within the mining workforce.
The Uganda Chamber of Mines & Petroleum is committed to working closely with the NMC to foster a dynamic and responsible mining industry that benefits both investors and the Ugandan people.
MANAGEMENT