Great Lakes Iron & Steel Co. Ltd (GLISCO)

Sector: Mining and Mineral Beneficiation

Great Lakes Iron & Steel Co. Ltd (GLISCO) is a Ugandan company engaged in iron ore mining and mineral beneficiation. Its operations involve extracting iron ore for processing and value addition, contributing to the development of Uganda’s mining and iron and steel value chain.

UDC is an equity shareholder in GLISCO and has invested in the company to support the development of local iron ore mining and processing capacity. With mining and production activities now underway, the investment is expected to promote the utilisation of Uganda’s mineral resources, create employment opportunities, strengthen local value addition and reduce reliance on imported iron and steel products.

Through this strategic investment, UDC is supporting the growth of Uganda’s mining sector and advancing the country’s mineral beneficiation and industrialisation agenda.