Uganda announces discovery of 31 million metric tonnes of gold deposits

The African country, Uganda has recently announced the discovery of a deposit of 31 million tonnes of gold ore, with extractable pure gold estimated to gross 320,000 tonnes.

It will attract big investors to develop the Sector hitherto dominated by small wildcat miners. To boost the country’s economy, the Ugandan Government has licensed Wagagai Gold Mining Company, a Chinese firm to start producing gold products in the Busia district.