The 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