Wagagai Mining (U) Limited, a 100% subsidiary of the Chinese group China Liaoning Hongda, has commissioned the Wagagai project, worth 250 million USD. This industry will also make it possible to refine the precious metal to a purity of 99.9%, according to a press release from the presidency

“To wake up the mining sector, we need to ensure the full valorization of all minerals, such as gold, lithium and tin, among others,” said President Yoweri Museveni in a statement released on Saturday evening.

The Wagagai mining project, operated by Wagagai Mining (U) Limited and covering just over nine square kilometers in Busia district, was inaugurated on Saturday by President Museveni.

The factory, which is already in operation, is expected to process 5,000 tons of gold ore per day and produce around 1.2 metric tons of refined gold per year, according to the statement. For comparison, Uganda's total domestic production was only 0.0042 tons in 2023