{"id":50192,"date":"2023-06-01T19:25:18","date_gmt":"2023-06-01T19:25:18","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/rubanda-district-conditionally-approves-shs5-6t-iron-ore-factory"},"modified":"2023-06-01T20:41:29","modified_gmt":"2023-06-01T20:41:29","slug":"rubanda-district-conditionally-approves-shs5-6t-iron-ore-factory","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/rubanda-district-conditionally-approves-shs5-6t-iron-ore-factory","title":{"rendered":"Rubanda District conditionally approves Shs5.6t iron ore factory"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The Rubanda District Council on Wednesday approved the proposal of establishing an iron ore processing factory worth $1.5 billion (over Shs5 trillion) on condition that it employs local residents besides paying royalties directly to its bank accounts.<\/p>\n

\u201cWe thank President Museveni for identifying for us the investors from Steam Investment Ltd that will process steel equipment from our locally available iron ore deposits,\u201d Rubanda District chairperson Stephen Kasyaba said.<\/p>\n

\u201cThis company must employ our people and also pay royalties directly to our [district] bank accounts. As long as this company incorporates the existing artisanal miners in its operations, we pledge our total support,\u201d he added.<\/p>\n

The firm\u2019s managing director, Adams Kyeyune, who was accompanied by the Rubanda MP Moses Kamuntu, addressed the district council meeting on Wednesday, detailing plans to construct the iron ore processing plant at Rugarambiro Village in Muko Sub County, next to Lake Bunyonyi.<\/p>\n

\u201cGovernment has allocated us about 420 acres of land where the iron ore processing equipment will soon be constructed. We are investing about $1.5 billion (over Shs5 trillion) in this factory that will be employing about 7,000 direct employees while about 35,000 people will be employed indirectly,\u201d Kyeyune said.<\/p>\n

According to him, documentation for the plant\u2019s establishment is now at 90% and installation of equipment on the site expected to start by July 2023.<\/p>\n

\u2018Dust free plant\u2019 <\/b><\/p>\n

Kyeyune although government has accepted to give them 70 megawatts of hydroelectric power from its 350-megawatt substation in the district, plans are under way to tap into the existing thermal energy in the area which is expected to generate about 200megawatts and an extra 50 megawatts from wind turbines that will be erected in the area.<\/p>\n

\u201cThe iron ore processing plant we are constructing here is dust free because we shall be using a process of hydrogen whereby the steam produced shall always consume the dust,\u201d Kyeyune explained.<\/p>\n

Monitor<\/b> has learnt that under its corporate social responsibility, Steam Investment Ltd will also construct a new Rubanda District council hall, Rubanda police station, schools and health centers.<\/p>\n

Rubanda District MP Moses Kamuntu appealed to the people in the area to work with the investor for the success of the project.<\/p>\n

He also asked Steam Investment Ltd to adequately compensate the people in the mining areas instead of grabbing their properties and leaving them landless.<\/p>\n

\u201cWhereas it is public information that all minerals in Uganda belong to the government, we do not expect issues of grabbing people\u2019s land as the iron ore processing factory begins. I\u2019m sure that this investment will deliver our people to the cash economy,\u201d Kamuntu observed.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The Rubanda District Council on Wednesday approved the proposal of establishing an iron ore processing factory worth $1.5 billion (over Shs5 trillion) on condition that it employs local residents besides paying royalties directly to its bank accounts. \u201cWe thank President Museveni for identifying for us the investors from Steam Investment Ltd that […]<\/p>\n","protected":false},"author":84,"featured_media":50190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,240,234],"class_list":["post-50192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nRubanda District conditionally approves Shs5.6t iron ore factory - Uganda<\/title>\n<meta name=\"description\" content=\"The Rubanda District Council on Wednesday approved the proposal of establishing an iron ore processing factory worth $1. ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/rubanda-district-conditionally-approves-shs5-6t-iron-ore-factory\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rubanda District conditionally approves Shs5.6t iron ore factory\" \/>\n<meta property=\"og:description\" content=\"The Rubanda District Council on Wednesday approved the proposal of establishing an iron ore processing factory worth $1. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/rubanda-district-conditionally-approves-shs5-6t-iron-ore-factory\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-01T19:25:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-01T20:41:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/06\/sm_1685635687.071588.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/rubanda-district-conditionally-approves-shs5-6t-iron-ore-factory#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/rubanda-district-conditionally-approves-shs5-6t-iron-ore-factory\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rubanda District conditionally approves Shs5.6t iron ore factory\",\"datePublished\":\"2023-06-01T19:25:18+00:00\",\"dateModified\":\"2023-06-01T20:41:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/rubanda-district-conditionally-approves-shs5-6t-iron-ore-factory\"},\"wordCount\":448,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/rubanda-district-conditionally-approves-shs5-6t-iron-ore-factory#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/06\/sm_1685635687.071588.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/rubanda-district-conditionally-approves-shs5-6t-iron-ore-factory#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/rubanda-district-conditionally-approves-shs5-6t-iron-ore-factory\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/rubanda-district-conditionally-approves-shs5-6t-iron-ore-factory\",\"name\":\"Rubanda District conditionally approves Shs5.6t iron ore factory - 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