Media Wire Express Correspondent
Uganda will commission its first tin refining plant in the southwestern region next month, a senior Mining Ministry official said, as part of efforts to expand capacity and add value domestically to its minerals.
President Yoweri Museveni wants to maximise the benefits of exports to the country, where several gold refineries are operating, and Chinese-backed Sunbird Resources was recently licensed to mine limestone for cement production.
“We are preparing to launch our very first tin processing facility,” Irene Bateebe, permanent secretary of Energy and Mineral Development Ministry, told Reuters on Wednesday, adding the launch would take place next month.
Woodcross Resources, a Uganda-based mining and mineral trading company, owns the plant.
“They will be refining tin to over 99 percent in terms of its purity,” Bateebe added, without revealing the size of the investment. Woodcross did not immediately respond to a request for a comment.
Read: Woodcross Resources to track all tin from Ugandan operations
woodcross-resources-to-track-all-tin-from-ugandan-operations/
On its website, Woodcross says it has a tin mining licence covering 40 square km (15 sq miles) in Western Uganda and its tin refining plant has annual capacity of more than 1,000 tonnes.
The establishment of a tin processing plant is set to revolutionize the economic landscape for Uganda with the potential to drive economic growth and create employment opportunities.
Tin, a versatile metal with a wide range of industrial applications, is in high demand globally. The processing plant will play a vital role in meeting this demand by refining raw tin ore into high-quality tin metal ready for use in various industries such as electronics, packaging, and construction.
The economic impact of the tin processing plant is expected to be substantial. Not only will it generate revenue through the export of processed tin products, but it will also create a ripple effect throughout the economy. Local businesses are likely to benefit from increased economic activity, while job creation will provide opportunities for skilled and unskilled workers alike.
Additional Source: Reuters
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