Deal #7203

Uganda
Created at
2019-10-01
Last update
2024-07-09
Last full update
2024-07-09

Land area

Intended size
242.8 ha
Size under contract (leased or purchased area)
  • [2013, current] 242.8 ha
Size in operation (production)
  • [2023-02-06, current] 116 ha
Comment on land area
The intended size is indicated was 600 acres, which translates to 242.8 ha. The shapefile indicates area in operation of 116ha.

Intention of investment

Intention of investment
  • [2013, current] Mining, Industry (242.8 ha)
Comment on intention of investment
Phosphate Mining, Steel, Sulphric Acid and glass

Carbon offset project

Carbon offset project
No

Nature of the deal

Nature of the deal
Lease, Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
The investment is operating under Leasehold for 242.8 hectares and also attained a license for 728.4 hectares offered by the government through the from National Livestock Resource Research Institute (NALIRRI).

Negotiation status

Negotiation status
  • [2013, current] Concluded (Contract signed)
Comment on negotiation status
Contract was signed in 2013.

Implementation status

Implementation status
  • [2018-08-09] In operation (production)
  • [2022-01-05, current] Startup phase (no production)
Comment on implementation status
On Thursday 9th August 2018, the entity launched the first phase of their production of fertilisers and industrial bricks for export. A 2022, study indicated that the company is non operational as was seeking funding to aid its operation since, geo exploration, land acquisition, construction of staff quarters, the covid-19 epidemic and legal costs for a dispute between Fang Min and Guangzhou Dongsong Energy group had largely depleted the companies finances. New information indicates the company has started operations again.

Leasing fees

Comment on leasing fee
The investment is paying an annual leasing fee 213,704,000 UShs per hectare (approximately 58,549US Dollars)

Contract farming

Contract farming
No