A Chinese firm, operating as Tibet-Hima Mining Company owned by Shanghai Baosteel Group and Chinalco Luoyang Copper, have reportedly bought stakes in Kilembe Copper Mines. According to an official at the Ministry of Finance Uganda, The Chinese firm is pledged to inject US $176m to resurrect Kilembe Mines and also to upgrade of Mobuku Power Plant to 12mw. Tibet-Hima committed to pay US $4.3m plus an annual concession fee of about US $1m, in addition to other benefits like employment generation, taxation revenue and improved amenities like hospitals and schools in the vicinity – Kasese in Western Uganda, where the…