By Samuel Ssebuliba
Uganda is set to launch a gold refinery in a bid to add value to Uganda’s gold that is still extracted using rudimental means.
According to Alain Goetz the chief executive director, African Gold Refinery, a company planning to constrict this refinery, this high-capacity gold refinery is the first of its kind in the Great Lakes region.
He says Gold from Uganda and the Great Lakes region has always been sold raw on the international market, costing the region hundreds of millions of dollars annually in potential revenues over the years.
He adds that this gold refinery will boost Uganda’s foreign earnings and revenues, increase employment across the mining value chain while also ensuring the transfer of skills and introduction of new technologies.