According to a government spokesperson, large deposits of gold have been discovered in East African Uganda. Gold ore deposits with a total volume estimated at more than 31 million tons have already been found in various regions of the country, Solomon Many of the Ministry of Development of Raw Materials and Energy told the German Press Agency on Monday. It is estimated that over 320,000 tons of pure gold can be extracted from these deposits.
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According to the spokesman, the Ugandan government has reached an agreement with a Chinese company to set up a mining company in Busia, in the east of the country. According to the plans, 5,000 kilograms of gold are to be mined there every day. It was not immediately known when funding would begin.