Market News
Mining is the second largest export in the Rwandan economy after tourism. In 2017, the sector generated about $373.4 million of foreign exchange. The government is constantly active to boost the exports by another 300% in the next 5 years. Rwanda is also one of the world’s largest producers of tin, tantalum, and tungsten while it also possesses a variety of minerals such as good quality silica sands, kaolin, vermiculite, diatomite, clays, limestone, talcum, gypsum, and pozzolan.
Rwanda targets billions annually from mineral exports
The Rwandan mining sector has goals of increasing mineral export revenues to $800 million by 2020 and $1.5 billion annually by 2024. Frank Butera, Executive Secretary Rwanda Mining Association joins CNBC Africa for more on this.
Posted on : By CNBC Africa -August 14, 2018
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Rwanda Mining reforms and investments scaled up despite the pandemic
Posted on :Monday , 26th July 2021
The year 2020 was on numerous fronts a trying period. Nonetheless, Rwanda’s economic sectors sustained to function against all odds.
The mining sector is one area that has observed a series of activities, even though the impact of Covid-19 pandemic has had on the sector.
It is true that the pandemic has paralyzed trades across the world, including the mining indus. . .
Africa's Mining firms are switching to Green Mining using earth-friendly product alternatives
Posted on :Wednesday , 24th March 2021
The mining industry should be leading the way in exploiting the earth's wealth in more environmentally friendly ways, given its major duty to both man and nature. It is, after all, one product, one step at a time.
In terms of global industrial growth, the mining industry is significant. Mining is important to human development because it provides mineral and other services to. . .
Incentives for mining exploration firms to be offered by Rwanda
Posted on :Wednesday , 3rd March 2021
Rwanda appears to have placed in place an investment programme that seeks to encourage investors to invest in mining exploration operations, part of the push to strategically reposition the country's mining industry in the region. The new reward package was announced by Francis Gatare, Chief Executive Officer of Rwanda Mines, Gas and Petroleum, on Tuesday, 10 November, ahead of the Africa Minin. . .
Africa and Middle East Mining sector rose by 16.7% in the second quarter of the year
Posted on :Thursday , 26th November 2020
Data and analytics company GlobalData’s deals database shows that overall deal activity in the Middle East and African metals and mining industry increased by 16.7% in the second quarter.
Twenty-eight USD 1.44 billion deals have been revealed for the region over the year, relative to the last four-quarter total of 24 deals.
Of all the for. . .
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RWANDA LOOKS TO TECHNOLOGY TO BOOST TRANSPARENCY AND PRODUCTION IN MINING
Posted on :Friday , 26th April 2019
Being among the fastest growing economies in Africa, Rwanda has a great opportunity of using its mineral resources to drive its industrialization, diversification and overall economic transformation. Rwanda is looking for more investors in the mining industry to boost the country's mineral exports and increase revenues from mineral resources, said the head of the state mining development body, . . .
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