Saturday, October 30, 2010

Refinery leads Uganda's plans to clean up gold exports

Uganda's golden revolution
 
For years, the only problem with Uganda's multi-million dollar gold export trade was that the vast majority of it came from foreign soil. Now, one Russian businessman is working to change that. Until now, the majority of the gold exported by Uganda has come primarily from the Democratic Republic of Congo, a relationship heavily criticized by human rights groups who claim smuggled Congo gold is a "conflict mineral" that is funding the deadly civil war in the East African nation.
Yuri Bogoroditsky is the managing director of Victoria Gold Star, owners of the first ever gold refinery in Uganda. He says he wants to make Uganda a legitimate player in the gold industry -- buying the raw material, refining it, and exporting the finished product -- all from his Kampala refinery.

Source:http://edition.cnn.com/2010/WORLD/africa/10/28/uganda.gold/index.html

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