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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Incentives for mining exploration firms to be offered by Rwanda
Posted on :Monday , 18th January 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.
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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, . . .
MINING IN RWANDA PROGRESSES WITH US INTERVENTION
Posted on :Monday , 25th March 2019
The mining sector has emerged to be the highest foreign export earner of merchandise exports in Rwanda, since it commenced in the early 1930s. According to the statistic report of 2018 the export of Cassiterite amounted to $149 million, a huge potential of gold mining and export as well as wolfram and Colombo tanlite (Colton) has emerged recently. Rwanda has largely been underlained by the Kiba. . .
Simret, a high-grade silver discovered in East Africa
Posted on :Tuesday , 11th December 2018
Altus Strategies a UK-based mining company, announced the revelation of what the company calls “the Simret silver prospect” at its 100%-owned Daro project, located in the Tigray Regional State in East Africa.
In a media statement, the project generator MNC said that Simret showed silver grades that include . . .
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