ST. PETERSBURG | Xinhua | The value of Russia’s gold reserves has exceeded 150 billion U.S. dollars for the first time in contemporary history, due to the rise in gold prices, RIA Novosti news agency reported on Thursday. The value of Russia’s gold investments in November increased by 2.2 percent, …
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Kampala, Uganda | THE INDEPENDENT | City Hall Grade One Magistrate Rehema Nassozi Ssebowa has remanded two men to Luzira Prison on charges of obtaining money by false pretense and conspiracy to commit a felony. The suspects, James Mugisha, a resident of Kitende, Kajjansi Town Council in Wakiso District, and …
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Khartoum, Sudan | Xinhua | Sudan’s state mining services company said its gold production has dropped to two tons amid the ongoing clashes between the Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF), compared to 18 tons in 2022. “The total gold produced by the corporate sectors …
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Kampala, Uganda | THE INDEPENDENT | The government is to resume the issuance of new mining licenses as the new mining and Minerals Act takes effect. The issuance of the licenses by the Directorate of Geological Surveys and Mines had been temporally halted pending the guidelines after the enactment of …
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Budapest, Hungary | THE INDEPENDENT & XINHUA | The Commonwealth Games champion Victor Kiplangat was fastest in men’s marathon to secure Uganda’s second gold at the World Athletics Championships in Budapest. Kiplangat kept a strong momentum in the last stage to clinch the men’s marathon title in 2:08:53 at the World …
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Kassanda, Uganda | THE INDEPENDENT | Kassanda District Local Government has alleged that it is losing at least 1.5 billion Shillings daily in revenue to artisanal and small-scale gold miners. The LCV Chairperson, Kasirye Zimula, revealed that they have investigated and discovered that more than four kilograms of gold worth …
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Kampala, Uganda | THE INDEPENDENT | Following pressure from the House, the Attorney General has revealed that government will challenge the interim orders exempting payment of taxes on gold exports. Kiryowa Kiwanuka made the disclosure while responding to concerns raised by legislators on a waiver issued by the Ministry of …
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Kampala, Uganda | THE INDEPENDENT | Parliament has resolved to investigate the circumstances under, which the Minister of Energy and Minerals waived tax payment of sh573 billion in gold exports. The motion, moved by the Leader of Opposition (LOP), Mathias Mpuuga on Tuesday, called for the formation of a select …
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Harare, Zimbabwe | Xinhua | The Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to reduce demand for the U.S. dollar as the local currency continues to tumble, the state-run newspaper Sunday Mail reported Sunday. The digital gold tokens, a form of electronic money backed by gold …
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If that discovery was authentic, you would have seen the big boys here, say analysts Kampala, Uganda | RONALD MUSOKE | Last year, on June 07, during his State of the Nation address, President Yoweri Museveni announced that Uganda had found up to 31 million metric tonnes of gold with extractable …
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The Independent Uganda: You get the Truth we Pay the Price