[5] Kilembe Mines Limited built and operated a copper smelter in Jinja and maintained offices in Kampala, the country's capital.
Also, the consortium will invest US$135 million into rehabilitating and improving the mine and will increase the capacity of Mubuku I Power Station to 12MW.
In addition to the cash payments above, the Ugandan government will receive royalties on the minerals extracted as well as taxes from Kilembe Mines Limited business operations.
Sanjay Tanna, a prominent businessman and politician who was the former Member of Parliament for Tororo Municipality, was sworn in as the Board chairman, alongside Atwoki Gilbert Mujogya, Ruth Sengonzi, Semitala Nobert, Eric Chandiga and Hon.
With the new board leadership, several companies are expected to express interest in partnering with the government through a Mineral Production Sharing Agreement (MPSA).