The region is relatively poor and the growth and development of the sector especially with regard to the artisanal mining group means that there is a continuing economic benefit for everyone.
Although at present we are operating in Rwanda, we are in the final process of establishing our second facility in Lubumbashi in the DRC. This facility as per our facility in Kigali shall purchase from the local mining operators and process the minerals for export.
Over the next two years we shall be establishing similar operations in Goma in the north east of the DRC and also in Uganda.
We work to ensure that not only our company but the nations and the people of all the countries we operate in shall be benefitting from the natural resources of their country.
In Rwanda mining is the second largest export in the Rwandan economy. In 2014, the sector generated about $210.6 Million of foreign exchange.
Rwanda Development Board (http://www.rdb.rw/rdb/mining.html)
Mining in Rwanda presents unexploited opportunities in ores, processing and diversification Rwanda’s main mineral exports are ores processed to extract tin, tantalum and tungsten and few gold and gemstones. Mining is the second largest export in the Rwandan economy. In 2014, the sector generated about $210.6 Million of foreign exchange. All mineral exports from Rwanda are traceable through the tagging system currently accepted by the downstream buyers of the minerals. Exploration works to identify and delineate more mineral deposits are underway. A strong, investor friendly legal and policy framework has been put in place.
Contribution to GDP is to increase from 1.2% to 5.27 % by 2017/2018.
The number of working people (16 years and above) with main job in the mining sub-sector will increase from 20,000 to 60,000 by 2017/2018.
Total investment (cumulative) in the sector will be increased from USD 150 million to USD 500 million by 2017/2018.
Export earnings will increase from USD 158 million in 2011 to USD 400 million by 2017/2018
Certified mine sites with efficient water and wastes management system to increase from 20% in 2011/2012 to 100% by 2017/2018
Percentage of the certified mine sites with safe and secure working conditions will be increased from 25% in 2011/2012 to 80% by 2017/2018
MINERAL TRANSPARENCY INITIATIVES IN RWANDA
- Rwanda started following the enactment of the Dodd-Frank “conflict-minerals” Act
- Mineral traceability in Rwanda use the ITRI/iTSCi ‘tag and bag’ scheme was initiated in late 2010
- The Government passed a mineral anti-smuggling regulations in March 2011
- Since April 2011, 100% of Rwandan minerals are traceable from their mine sites up to their export point
- Since 2012, Rwanda has integrated the Regional Certification Mechanism (RCM) in its mining regulations
- The RCM forms part of the ICGLR Regional Initiative on Natural Resources, adopted by heads of state in December 2010