Kampala. The Ministry of Energy has said the new Mining Law will eliminate speculations in the sector through competitive bidding. The current law - Mining Act (2003) - does not in its jurisdiction, cover several minerals that are mined and quarried on commercial basis, yet if considered, this may raise the sector’s contribution to gross domestic product to 5 per cent. This in a way, limits governance in terms of procedures for licensing and supervision, leading to speculation.
