Eurogold has partnered with the Mubende United Artisanal Miners (MUAM) to promote responsible mining and boost value addition in the gold sector.
The partnership was formalised on November 3 2025 through a Memorandum of Understanding (MoU) signed at Eurogold’s head office in Kampala. The agreement aims to create a more inclusive, transparent, and sustainable gold industry that benefits both local miners and the national economy.
Under the deal, Eurogold will purchase gold from the Mubende miners and refine it to 99.9% purity — the internationally recognised 24-carat standard — for global trading. This initiative will ensure that artisanal miners earn fair value for their gold while positioning Uganda as a stronger player in the international gold market.
Gold is one of Uganda’s top export commodities, contributing significantly to foreign exchange earnings, job creation, and investment. Increased exports not only drive economic growth but also help stabilise the Ugandan shilling by boosting foreign exchange reserves.
By promoting ethical mining, fair trade, and modern refining practices, the Eurogold–MUAM partnership aligns with Uganda’s broader development goals of industrialisation, value addition, and sustainable resource management.
Speaking at the signing ceremony, Director Feni Benard expressed their commitment to empowering local miners, protecting the environment, and fostering long-term prosperity within mining communities.
This collaboration marks a new era for Uganda’s gold industry — one built on partnership, sustainability, and value creation — bringing the country closer to achieving its Vision 2040 aspirations.
