{"id":71128,"date":"2024-04-14T14:24:08","date_gmt":"2024-04-14T14:24:08","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/museveni-launches-first-tin-processing-company-in-uganda"},"modified":"2024-04-14T15:31:29","modified_gmt":"2024-04-14T15:31:29","slug":"museveni-launches-first-tin-processing-company-in-uganda","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/museveni-launches-first-tin-processing-company-in-uganda","title":{"rendered":"Museveni launches first tin processing company in Uganda"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>President Museveni has asked investors to add value to minerals before exporting them. He made the remarks on Friday while launching the first tin refinery plant in Uganda.<\/b><\/p>\n

The Wood Cross Tin Smelting Company Limited is located in Kirehe Cell, Ruti Ward, Mbarara City. Mr Museveni described as \u201cbetrayal\u201d actions of previous leaders who sanctioned exportation of minerals in raw form.<\/p>\n

\u201cRocks of Kikagatte in Isingiro and Mwirashande in Ntungamo District are what they have been exporting,\u201d the President said, adding, \u201cAnd we would have a commissioner of minerals, you can imagine a commissioner of ignorance. A commissioner of stupidity! Commissioner! Commissioner of what? Why don\u2019t you see this?\u201d<\/p>\n

Mr Museveni said the country loses a lot of money by not adding value to its natural resources. He castigated \u201cthe uninformed and traitors\u201d who have squandered African wealth.<\/p>\n

\u201cWhen NRM came we told you in the beginning that we cannot be part of that group. We said we are going to build an economy which is integrated vertically and horizontally,\u201d he said.<\/p>\n

Mr Museveni emphasised that he has won many battles and is now focused on value addition.<\/p>\n

\u201cWhen it came to minerals, we told them that if you do not want to add value here, we shall not allow you to export. I banned all exports of unprocessed minerals,\u201d he said.<\/p>\n

He added: \u201cLet the minerals stay in the ground […] if the present leaders are stupid they can\u2019t see how to do it, let them stay there when the more intelligent people come.\u201d<\/p>\n

The President added that Wood Cross be the exclusive exporter of tin in Uganda until another company receives government approval and is established.<\/p>\n

Ms Ruth Nankabirwa, the Energy and Mineral Development minister, said the country was witnessing the first tin refinery company. She disclosed that Wood Cross has already determined the level of purity at 99.85 and above.<\/p>\n

\u201cWood Cross determines the level of purity because they have the smelters and they were also allowed to export samples and when they got that to me with the determined level of purity of between 99.85 and 99.95 so that is what every tin smelter will follow,\u201d Minister Nankabirwa said, adding that the statutory instrument is already in place for the Wood Cross to export tin.<\/p>\n

The Wood Cross Tin Smelting Company Limited will reportedly export 10 tonnes of processed tin.<\/p>\n

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

Africa-Press – Uganda. President Museveni has asked investors to add value to minerals before exporting them. He made the remarks on Friday while launching the first tin refinery plant in Uganda. The Wood Cross Tin Smelting Company Limited is located in Kirehe Cell, Ruti Ward, Mbarara City. Mr Museveni described as \u201cbetrayal\u201d actions of previous […]<\/p>\n","protected":false},"author":84,"featured_media":71127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,258],"tags":[233,240,234],"class_list":["post-71128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nMuseveni launches first tin processing company in Uganda - Uganda<\/title>\n<meta name=\"description\" content=\"President Museveni has asked investors to add value to minerals before exporting them. 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