Building the Foundation for Uganda’s State Participation in Mining
Established in 2024, Uganda National Mining Company (UNMC) is building the institutional and commercial foundation required to strengthen Uganda’s participation in the mineral sector.
Our progress reflects a deliberate transition from establishing the Company to developing strategic mineral interests, building partnerships and positioning UNMC for long-term commercial value creation.
Key Milestones
Establishing UNMC
UNMC was established by Government as Uganda’s State commercial vehicle in the mineral sector, with a mandate to manage State commercial interests and participate in the development of mineral opportunities.
Building the Project Portfolio
UNMC has developed a portfolio of strategic mineral interests spanning gold, copper and cobalt, rare earth elements, phosphate, iron and steel-related opportunities, and industrial minerals.
These projects provide a foundation for participation across different stages of the mineral value chain.
Strengthening Strategic Partnerships
UNMC continues to work with investors, technical partners and other stakeholders to advance selected mineral opportunities.
These partnerships bring together capital, technical expertise, technology and market access needed to develop commercially viable ventures.
Advancing Value Addition
UNMC’s project portfolio reflects an increasing focus on moving beyond mineral extraction towards processing, beneficiation, refining and downstream industrial opportunities.
This approach is intended to increase the economic value generated from Uganda’s mineral resources.
Building Institutional Capability
As a growing State commercial enterprise, UNMC is strengthening its systems, people, governance structures and technical capabilities to effectively manage mineral investments and commercial interests.
From Establishment to Impact
UNMC’s journey can be viewed as a progression:
Establishment → Portfolio Development → Partnerships → Project Development → Value Addition → Sustainable Commercial Value
Each stage builds the foundation for the next.
The Journey Continues
UNMC’s progress is ongoing. As projects advance and institutional capabilities grow, the Company will continue to focus on commercial performance, responsible mineral development, national participation and sustainable value creation.
The objective is clear: to build a strong State commercial vehicle capable of contributing meaningfully to Uganda’s mineral sector and wider economic transformation.
Explore What Comes Next
Vision 2040
How UNMC’s mandate connects with Uganda’s long-term transformation ambition.
Our Contribution
How UNMC contributes to investment, value addition and national economic value.
Where We’re Going
Discover UNMC’s strategic direction and future priorities.
Yes. I would make UNMC’s Future Role the central section of the page rather than one section among several. It should clearly tell investors, Government, partners and the public what UNMC is being built to become.
