TAMS Ltd. was registered in January 2017 through the Rwanda Development Board, the Office of the Registrar General and was awarded a Company Registration Certificate N°
Although the company is newly created, the management and personnel in the company have been working together for more than 8 years in the same sector. The company was established to become the premier 3T Mineral exporter for the region which includes, the Democratic Republic of Congo, the Republic of Rwanda and the Republic of Uganda.
- ITRI Certified
- Rwanda Development Board Export License
- 100% Rwandan company (no holding structure overseas)
Historically, the Mining sector in Rwanda has played a key role in contribution to the country’s macroeconomic stability.
The Mining sector currently contributes significantly to the exports from Rwanda. It is ranked the second highest foreign exchange earner after tourism and the biggest export earner.
In line with the Government’s plan to grow the Sector as specified by the Rwanda Development Board:
- 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
The following are the challenges in the mining sector;
- Lack of data on estimates of mineral deposits has hindered the growth of the sector.
- No local institutions training relevant professionals and technicians to work in the mining industry.
- Lack of a final map showing all the permits for the mining.
- Low capacity in negotiating mining contracts.
- High export transport costs from the mining areas to the market.
- High energy costs that minimizes value addition to the mineral and quarry resources.
TAMS Ltd. is a major investor in Rwanda in the Mineral Sector and a key component in providing liquidity to the market. Our company has established a large Processing Facility in Kigali where the minerals can be duly processed to the required levels for export to international markets. We employ almost 50 personnel in this facility and all but a very small few are all local Rwandans. We are an equal opportunity employer and do not discriminate against any employee or job applicant because of race, color, religion, national origin, sex, physical or mental disability, or age.
TAMS Ltd. are subject to paying tonnage -based levies for iTSCi implementation to GMD and ITRI.
In terms of taxation, aside from pay as you earn (PAYE) tax obligations for our employees, we are subject to paying the recently introduced mining royalty (4% on 3T minerals), and also pay Withholding Tax, Corporate Income Tax, or VAT (which may be refunded).
As such, exporters currently represent the main entity where mining sector fees and taxes are collected in Rwanda. Exporters such as us are iTSCi members and, hence, are required to assign management responsibility for due diligence processes, have a conflict minerals policy, and are subject to audits and risk assessments as well as to further controls by their downstream clients. As such, most exporters have a detailed under-standing of the supply chain due diligence framework