More than 80% of the country has been surveyed for mineral quantities and locations. New geo-data shows that Uganda has large underexploited mineral deposits of gold, oil, high grade tin, tungsten/wolfram, salt, beryllium, cobalt, kaolin, iron ore, glass sand, vermiculite, phosphates (agricultural fertiliser), uranium and rare earth elements.
There are also significant quantities of clay and gypsum. Investment opportunities exist in mining and mineral processing with special incentives provided to the mining sector, including writing off capital expenditures in full.
EAISC will be incorporated as a Ugandan company and operate throughout East Africa as a regional miner, producer and marketer of Iron and Steel Products.
The business plan sets out the intention to develop a new full integrated Ugandan iron and steel company which will develop substantial mining and product engagements in key mining and distribution regions throughout East Africa.
EAISC will seek to consolidate and optimize its capital structure and balance sheet (expected to consist entirely of equity capital). To that end therefore EAISC is looking for investment which will help it acquire further upstream machines and maintain appropriate levels of working capital for the full running and production of a fully integrated iron and steel company