Business

Masses of gold ore found in Uganda

31 million tons of gold ore are said to lie underground in Uganda. Soon 5,000 kilograms of gold will be mined every day.

According to a government spokesperson, large gold deposits have been discovered in East African Uganda. Deposits of gold ore totaling more than 31 million tons have been found in various regions of the country, Solomon Muita of the Ministry of Commodities and Energy Development told German news agency Monday on Monday. It is estimated that more than 320,000 tons of pure gold can be extracted from these deposits.

However, experts doubted these quantities. In particular, it was pointed out that the gold content in the gold ore was generally much lower than assumed in this case.

“Normally, the gold content in Africa in gold ore averages 0.001 percent and not 1 percent. We expect Uganda to provide even more detailed information on the gold deposits discovered,” said Friedhelm Averdunk. , general manager of the gold dealer Heraeus South Africa Inquiry.

Maximum 310 tons of gold content

The Federal Institute of Geosciences and Natural Resources (BGR) has named the same proportion of gold in the ore of an industrially developed gold deposit. “31 million tons of ore with this gold content would have a maximum of 310 tons of gold content,” said BGR economic geologist Philip Schütte. According to USGS estimates, there are still gold reserves of around 54,000 tons in deposits around the world.

According to the spokesperson, the Ugandan government has reached an agreement with a Chinese company to set up a mining company in Busia, in the east of the country. According to plans, up to 5,000 kilograms of gold will be mined every day. It was not immediately known when the funding would begin.

About the author

hiyabad

Leave a Comment