HOW TO ACQUIRE A MINERAL DEALER’S LICENSE IN UGANDA

HOW TO ACQUIRE A MINERAL DEALER’S LICENSE IN UGANDA.

Laws applicable include,

1. The constitution of the Republic of Uganda as amended
2. The mining Act 2003
3. The mining Regulations 2004
4. Land Act as amended

• All mineral in Uganda are vested in the government therefore all mineral rights touching minerals in Uganda are vested in the Government of the republic of Uganda.
• Any dealing in any mineral within Uganda must be authorized by thr government of Uganda through commissioner, department of Geological Survey and Mines.
• Any mineral gotten from any mineral right within Uganda is subjected to royalty payment based on the gross value and the kind of mineral..
• No person may buy or sell any minerals in Uganda, either as principal or agent, unless he or she is a licensed mineral dealer by the government through commissioner, department of Geological Survey and Mines
• A licensed mineral dealer in Uganda may only buy minerals in the course of his or her business from a person who acquired his or her minerals lawfully or in accordance with the provisions of this mining act and the regulations there under.
• However a holder of a mineral right may sell any minerals acquired by him or her under this Mining Act without obtaining a mineral dealer’s license.

The following are the steps one may take to obtain mineral dealer’s license in Uganda.

Choose the kind of minerals you would like to trade/deal in including securing its source.

Mobilizes enough funds, that is working capital and have it ready to be invested.

Secure proof of sufficient working capital from the bank for purposes of attaching on your application for mineral dealer’s license.

Prepare the application for mineral dealer’s license to commissioner of Geological Survey and Mines.

Attach on the application proof of that you in possession of or commands sufficient working capital to ensure the carrying on of his or her business satisfactorily.

Proceed to department of Geological Survey and Mines for assessment for mineral dealer’s license fee and pick payment slip.

Upon getting the payment slip proceed to pay as directed and obtain payment receipt of the same.

Attach the payment receipt on the application for mineral dealer’s license and make photocopies of the same.

Submit the fully completed application for mineral dealer’s license together with the attachment to commissioner of Geological Survey and Mines.

Upon receipt of the application and proof that a person is in possession of or commands sufficient working capital to ensure the carrying on of his or her business satisfactorily, the commissioner will review the application.

If the commissioner of Geological Survey and Mines is satisfied with the application, he or she will prepare the mineral dealer’s license for you.

Check on the day you were told to confirm whether your license is ready and pick it.

This license is for one year and expires every 31^stof December.

approximate cost of local dealer   . ugx 3060,000-6060,000 as government fees and instruction fees of ugx 6000,000 .

approximate cost of foreign dealer . USD 1000 -2000 as government fees and instruction fees of USD  2500  

Author is A regional transactions legal consultant (ADVOCATE) at NOA REGIONAL ASSOCIATED ADVOCATES AND LEGAL CONSULTANTS
Email address: onlinetransactionconsultancy@gmail.com.

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NOTE: whereas the author has made necessary efforts to ensure the accuracy of this post, it is not intended to provide specific legal advice to a particular individual as individual situations may differ.

For specific technical / legal transaction advice on this subject matter and related subject, you may contact the author at online consultancy fee, or contact any transaction legal consultant of your choice.
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