Kampala, Uganda | THE INDEPENDENT | The European Union has offered Euros 800,000 (about Shillings 3.5 billion) to Uganda to develop an iron ore exploration unit in the Department of the Geological Survey and Mines (DGSM) in Entebbe. In a notice prior to commencement of the work, the EU says the money is given under EUAid […]

Here’s the list of the natural resources found in each of the 36 states in Nigeria and the FCT 1) Abia: Gold, Lead/Zinc, Limestone, Oil/Gas & Salt. 2) Abuja: Cassiterite, Clay, Dolomite, Gold, Lead/Zinc, Marble & Tantalite. 3) Adamawa: Bentonite, Gypsium, Kaolin & Magnesite. 4) Akwa Ibom: Clay, Lead/Zinc, Lignite, Limestone, Oil/Gas, Salt & Uranium. […]

Kampala, Uganda | THE INDEPENDENT | Artisanal and small scale miners in Mubende and Kassanda areas are set to return to their former mining areas after receiving a new exploration license. It comes after three years of frustration and persistent lobbying by the miners. In 2017, thousands of artisanal and small scale miners prospecting for gold […]

Unlike bitcoin or stock prices, the gold price has remained “strong and stable” during the coronavirus outbreak, gold market and finance expert Dimitri Speck believes. He also thinks that silver is “rather attractive” at the moment. A troy ounce of gold currently costs $1,793 US (about €1,587). Gold market expert Dimitri Speck assessed the current […]

Ever since the World Health Organisation declared COVID-19 a global pandemic at the beginning of March 2020, one item that has been on high demand is not the vaccine, but gold. Gold has climbed by 14 percent, the highest it has ever sold in a decade. While the world closed its doors to COVID-19, there […]