Uganda National Mining Company (UNMC)
About Company
he Uganda National Mining Company (UNMC) is a statutory company wholly owned by the Government of Uganda. It was established on April 25, 2024, under the Mining and Minerals Act, CAP 159, to manage Uganda’s commercial holding and participation in the mineral industry both locally and internationally.
Our Vision
A sustainable and Profitable world class mining and minerals company creating Value for all Ugandans
Our Mission
To Develop the Mining Industry through increased Investment, Value Addition, National Participation and Revenue Generation to Contribute significantly to Socioeconomic Transformation and Poverty Eradication
Our Purpose
To drive the State’s participation in mining, maximizing revenue, managing mineral assets, and fostering sustainable growth through strategic partnerships, innovation, and capacity building.
Our shareholders
UNMC operates under the oversight of its shareholders—the Ministry of Energy and Mineral Development (MEMD) with 51% shareholding and the Ministry of Finance, Planning, and Economic Development (MoFPED) with 49% shareholding—to optimize the State’s interests in the mining sector.
What we do
· Manage and optimize the State’s commercial interests in the mining sector, partnering with the private sector to maximize revenue, ensure sustainable development, and undertake strategic exploration, mining, and infrastructure projects both locally and internationally.
· Play a key role in managing state equity, marketing mineral resources, developing industry expertise, and driving innovation while contributing to economic growth and societal benefits.
Our Strategic Objectives
Promote commercial State participation
Ensure local content and national participation
Maximise value addition
Manage commercial holdings and participating interests of the State
Explore strategic minerals to expand national resources, especially where private entities hesitate.
Promote beneficiation and downstream processing of minerals
Build expertise and train skilled mining professionals.
Enhance community development and sustainability in the mining industry
Form strategic partnerships for mutual benefits
Our Core Values
Value.
Creating value by maximizing resource utilization, driving economic growth, and delivering measurable benefits to shareholders, employees, and communities.
Collaboration.
Fostering collaboration by uniting departments, stakeholders, and communities through mutual respect, trust, inclusivity, and shared expertise to achieve common goals.
Integrity.
Upholding integrity by conducting business with honesty, fairness, and transparency, ensuring ethical practices, and building trust through principled decision-making.
Innovation.
Driving innovation by embracing cutting-edge technologies, fostering creativity, and advancing research to enhance efficiency and sustainability in mining.
Safety.
Prioritizing safety by protecting our employees, contractors, and communities, proactively mitigating risks, and strictly adhering to safety regulations and standards.
Sustainability.
Promoting sustainability through environmental stewardship, responsible resource extraction, and investment in renewable energy and sustainable technologies.
