Deal #7149

Location #1

Spatial accuracy level
Coordinates
Location
Magodesi, Manafwa District

Latitude
0.835821
Longitude
34.255717
Facility name
Namekara Vermiculite Mine
Target country
Uganda

Land area

Intended size (in ha)
204.0
Size under contract (leased or purchased area, in ha)
87
Size in operation (production, in ha)
87

Intention of investment

Intention of the investment
Mining (87 ha)

Nature of the deal

Nature of the deal
Lease
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[2003-05-15] Concluded (Contract signed)

Implementation status

Implementation status
[2017] Project abandoned
Comment on implementation status
Black Mountain Resources Limited sold off its license for Namekara Vermiculite Mine for debt relief from one of its stakeholders to the tune of $4.2 Million.

Contract farming

Contract farming
No

Contract #1

Contract number
R1000000341061
Contract expiration date
2017-11-24
Duration of the agreement (in years)
99

Number of jobs for foreigners created

Jobs created (foreign)
Yes
Planned number of jobs (foreign)
5
Planned employees (foreign)
5
Current number of jobs (foreign)
3
Current number of employees (foreign)
3

Number of domestic jobs created

Jobs created (domestic)
Yes
Planned number of jobs (domestic)
220
Planned employees (domestic)
200
Planned daily/seasonal workers (domestic)
20
Current number of jobs (domestic)
98
Current number of employees (domestic)
98
Current number of daily/seasonal workers (domestic)
16

Operating company

Name of investment project
Namekara Vermiculite Mine

 

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Data source #1

Data source type
Media report
File
Publication title
Australian Firm to Exit Manafwa Mines over Debt
Date
2018-05-01

Data source #2

Data source type
Company sources
Publication title
Namekara Mining Company Limited
Date
2019-08-22
Includes in-country-verified information
Yes

Data source #3

Data source type
Personal information
File
Date
2019-06-28

Data source #4

Data source type
Media report
File
Publication title
Black Mountain to Sell Uganda Mine as part of strategic restructuring
Date
2018-02-19

Recognitions status of community land tenure

Recognition status of community land tenure
Indigenous Peoples traditional or customary rights recognized by government

Consultation of local community

Community consultation
Limited consultation

How did the community react?

Community reaction
Mixed reaction

Presence of land conflicts

Presence of land conflicts
No

Displacement of people

Displacement of people
No

Materialized benefits for local communities

Materialized benefits for local communities
Productive infrastructure (e.g. irrigation, tractors, machinery...)
Roads
Other
Comment on materialized benefits for local communities
Employment Opportunities for Locals.

Former land owner (not by constitution)

Former land owner
Private (smallholders)
Community

Former land use

Former land use
Smallholder agriculture

Former land cover

Former land cover
Pasture
Marginal land

Detailed crop, animal and mineral information

Comment on resources
Vermiculite is the resource extracted from this mine.

Use of produce

Has export
Yes
Country 1
United States of America
Country 2
United Kingdom of Great Britain and Northern Ireland
Country 3
Spain
Comment on use of produce
Namekera Vermiculite Mine exports 8000 - 10,000Tonnes to the United States of America, 1150 tonnes to the United Kingdom and 1300 tonnes to Spain.

Overall comment

Overall comment
In order for Black Mountain Resources Mining Company to offset debt to its stakeholder, it sold off its Namekara license for $4,200,000 million.

Aug. 26, 2019, 2:46 p.m.

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Aug. 26, 2019, 2:44 p.m.

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Aug. 23, 2019, 10:05 a.m.

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Aug. 23, 2019, 10:04 a.m.

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