Friday, 16 October 2015

Rwandan Minister of Natural Resources Dr Vincent Biruta to highlight mining investment potential at iPAD Rwanda’s Mining Forum

Rwandan Minister of Natural Resources Dr Vincent Biruta to highlight mining investment potential at iPAD Rwanda’s Mining Forum“Focus on establishing modern and investor friendly legal and regulatory framework”   "The most exciting project currently happening in the Rwandan mining sector is the transformation of the industry from an artisanal-mining dominated industry to a well-planned professional and mechanized industry”, says the Hon. Dr Vincent Biruta, Rwanda’s Minister of Natural Resources. Dr Biruta will address the special Mining Forum during the iPAD Rwanda Power & Infrastructure Investment Forum in November in Kigali on the government’s five year strategic plan to position the country as a mining investment destination.  

The second edition of iPAD Rwanda enjoys high-level support from the Kigali government and parastatals and will once again welcome more than 250 industry experts and stakeholders from 5-6 November. The event offers a platform for private investors, project developers, consultants, technology and solution providers and financiers looking for opportunities in Rwanda’s energy, infrastructure and mining sectors. In the mining sector, over 400 local mining companies and 30 co-operatives are open to considering partnerships and JVs, covering financing, capital equipment, technical support and competitive mineral trade contracts.  

Output has increased more than 500% The Honourable Minister Biruta says in an exclusive interview with the iPAD Rwanda organisers: “we have continuously seen new mineral discoveries for the last 10 years, the number of companies investing in the sector continues to increase, the focus today is on establishing a modern and investor friendly legal and regulatory framework which will enable us to add value to the minerals produced in Rwanda.”

He adds: “although it is commonly said that this sector is new to Rwanda, mining started in the 1920s; however, its revival started in 2006 when the Government introduced reforms in the sector starting with the privatization of all former government concessions. Since then, the output from mining activities has increased for more than 500% in terms of value and more than doubled in volume.”   According to the honourable minister: “as the understanding of the Rwandan geology and mineral potential increases, the confidence of mineral explorers and mining companies grow and this is yielding better mines with more efficient and advanced technologies.

Some of the important projects being developed or in the pipeline are smelting of tin, refining of tantalum, niobium and tungsten, establishment of various large- scale mines, initiation of green model mines and the development of gemstone cutting and polishing centres.”  

Investment opportunities “Investment opportunities in the Rwanda mining industry,” says Rwanda’s Minister of Natural Resources, “reside in the introduction of mechanized and professional mining and mineral processing technologies for 3Ts (tin, tungsten and tantalum) and gold, the development of large and small-scale mines in the delineated brown fields, value addition to metallic and industrial minerals, cutting and polishing of gemstones such as sapphire, ruby, emerald, tourmaline…etc, exploration works in identified green fields.” Read More...


Post a Comment