Strategic alliance synergies equal mining development success in Uganda
From the outset of beginning mining operations and commercial development of its world-class vermiculite deposit in Uganda, IBI Corporation of Canada’s strategy comprised a multi-faceted approach to developing strategic alliances in this jurisdiction. IBI worked, and continues to work, very closely with the Government of Uganda, the Mines Department, the Geological Survey and the Investment Authority. IBI also made a strong proactive effort to involve the local community and to understand the region’s culture. We also encouraged the involvement of local senior people and recognized their contributions. Cumulatively these efforts, combined with our innovative business practices, resulted in our company receiving Uganda’s Investor of the Year Award for 2002.