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    Home»BUSINESS»PS Batebe: Mineral Markets and Buying Centres Regulations, 2026 to Promote formalization of Mineral trade for high value commodities
    BUSINESS

    PS Batebe: Mineral Markets and Buying Centres Regulations, 2026 to Promote formalization of Mineral trade for high value commodities

    Daniel MuwanguziBy Daniel MuwanguziMay 8, 2026Updated:May 8, 2026No Comments3 Mins Read
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    PS Batebe: Mineral Markets and Buying Centres Regulations, 2026 to Promote formalization of Mineral trade for high value commodities
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    The Ministry of Energy and Mineral Development (MEMD) has embarked on a sensitization campaign for Mineral Markets and Buying Centres Regulations, 2026 aimed at establishing a structured, transparent, and efficient system for the formation of buying centres, licensing of mineral dealers, and the sale and disposal of minerals, piloting particularly with gold, tin, and gemstones.

    Acting Commissioner for Mines Agnes Alaba

    The workshop, held from May 7th to 8th, 2026, at JLM Hotel, Busia, brought together Government Entities and Agencies, Mineral Dealers and Buyers, Artisanal and Small-Scale Mining (ASM) Associations, Mining Companies, Processors and Refiners, Development Partners and Civil Society Organizations, Financial Institutions, Academia among others.

    MEMD Permanent Secretary Eng. Irene. Bateebe in her message delivered by the Acting Commissioner for Mines Agnes Alaba, reassured stakeholders that government aims to create a balanced operational environment where both miners and investors can thrive under a regulated and fair system.

    She expressed government’s commitment to ensuring that the mining industry becomes more organized, transparent, secure and beneficial to all actors in the mineral value chain.

    The Minerals Police Commandant ACP Julius Caesar Tusingwire told stakeholders that government is committed to offering protection, emphasizing that security agencies are prepared to safeguard legitimate mineral business operations.

    Assistant Commissioner Geoscience Grace Nassuna presented the proposed mineral market information systems and traceability mechanisms, while GIZ representative Henry Mukasa addressed regional compliance requirements under the International Conference on the Great Lakes Region (ICGLR) framework.

    The consultation is inclusive and targets a broad cross-section of stakeholders within the minerals sector, with a specific focus on dealers in gold, tin, and gemstones.

    According to officials, the draft regulations is aimed at addressing a range of persistent challenges, that affects  the sector including : Informal Trade for miners, resulting in exploitation by middlemen and inconsistent pricing mechanism, Lack of transparency making it difficult to track mineral production, ensure fair trade and curb illicit activities such as smuggling, tax evasion, and  money laundering, and lost government revenue due to unregulated transactions and undervaluation of  mineral exports.

    Through these regulations, the government aims to: Establish mineral markets and buying centres, Prescribe the requirements for establishment of the mineral markets and buying Centres, Prescribe the operations of the mineral markets and buying centres.

    These regulations are one of the tools to achieve organization, formalization and regulation of mineral trade for high value commodities.

    This contributes to the Department and Ministry’s targets and the entire sector’s contribution to sustainable socio-economic development.

    Given the significant impact these regulations will have on the operations of mineral dealers, miners, processors, and exporters, the government is adopting a participatory and inclusive approach to their finalization.

    The Ministry kicked off a multi-stakeholder consultation to ensure that the regulations are practical, enforceable, and aligned with the realities of the mineral market, to foster ownership and compliance.

    During the consultation, officials gather comprehensive, informed feedback from stakeholders to refine and validate the first draft of the Mining and Minerals (Mineral Markets and Buying Centres) Regulations, 2026, ensuring they are practical, effective, and supportive of a well-governed mineral sector as well as raise awareness on the mineral markets and buying centres.

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    2026 aimed at establishing a structured Acting Commissioner for Mines Agnes Alaba and efficient system for the formation of buying centres and gemstones. and the sale and disposal of minerals licensing of mineral dealers piloting particularly with gold The Ministry of Energy and Mineral Development (MEMD) has embarked on a sensitization campaign for Mineral Markets and Buying Centres Regulations tin transparent
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    PS Batebe: Mineral Markets and Buying Centres Regulations, 2026 to Promote formalization of Mineral trade for high value commodities

    May 8, 2026

    EU ,Uganda celebrate 50-Years of Diplomatic Relations with focus on Trade, investment and People

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    May 8, 2026

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