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Kilembe Mines, Woodcross Resources top list of mining companies defaulting on mineral rent at UGX 3.75 billion Government issues a final demand to dozens of mining companies after unpaid mineral rent arrears hit UGX 3.75 billion, with Kilembe Mines and Woodcross Mining emerging as the biggest defaulters.

President Museveni inspects a display of Tin ingot at Woodcross in Mbarara District/ Courtesy photo/ DGSM

Government has issued a default notice of dozens mining companies and licence holders after unpaid mineral rent arrears climbed to UGX 3.75 billion.  Woodcross Mining Company Limited and Kilembe Mines Limited are listed as the largest defaulters, according to a public notice by the Ministry of Energy and Mineral Development. In the notice, the Ministry reminded mineral rights and licence holders that under the law, all licence holders have a legal obligation to pay annual mineral rent and royalties to government.   The Ministry said the notice serves as the last and final demand, giving defaulters 14 days to clear outstanding…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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