On the afternoon of March 26, 2024 local time, at the invitation of the "Uganda Gold Smelting and Exporters Association", Mr. Tan Jiuchang, General Manager of Liaoning Hongda Enterprise Group, led a delegation including Mr. Derek, Secretary General of Wagagai Mining (U) Limited, to attend the symposium of His Excellency Yoweri Museveni, President of Uganda. The purpose of the conference was to provide an in-depth exchange on the challenges and opportunities facing Uganda's gold smelting and mining industry.

At the meeting, Mr. Tan introduced the achievements and current challenges of Uganda Wagagai Mining (U) Limited since the launch of the project in 2019, and on behalf of the company, he and the members of the "Uganda Gold Smelting and Exporters Association" jointly proposed that a tax of US$200 per kilogram be levied on 99.99% of refined gold exports to balance operating costs and release more funds for production reinvestment. Previously, the Uganda Refined Gold Export Tax Collection Regulations 2023 stipulated that the refined gold export tax was levied at a rate of 5%.

During the meeting, President Museveni and representatives of various gold smelting companies warmly applauded the achievements of Wagagai Mining (U) Limited, and said that the policy of imposing an export tax of US$200 per kilogram of refined gold would be implemented for the time being, and that the proposal for retroactive taxation and tiered export tax would be studied in depth. He also proposed organizing a special meeting on Wagagai in April to discuss the problems and challenges faced by the project. The symposium is not only an affirmation of Wagagai Mining (U) Limited's investment in Uganda, but also a manifestation of the continuous cooperation and in-depth dialogue between the Ugandan government and enterprises. Mr. Tan and his delegation look forward to further cooperation with the Ugandan Presidential Office and relevant departments to jointly promote the prosperity and development of Uganda's mining and economy.

It is reported that since the launch of the Wagagai mining project of Liaoning Hongda Enterprise Group, it has invested 150 million US dollars in Uganda for geological exploration, ore mining, underground engineering, plant construction, metallurgical equipment paving, social welfare undertakings and other projects. It has successfully created 2,000 jobs, covered 9.26 square kilometers of prospecting area, drilled a total depth of 300,000 meters, and proved about 30 tons of gold reserves. It is expected that by December 2025, Wagagai mining will complete the construction of all mining facilities, achieve a daily processing capacity of 5,000 tons of ore and an annual output of 2 tons of gold (purity 99.99%), solve the labor employment of 3,000 people, and inject strong impetus into Uganda's economic development.

edit：Jonely   review：Zhou jidong