The Rwandan government wishes to generate $400 million from its mining industry, by 2018. This was reported by New Times, citing Francis Gatare, chief executive of Rwanda Mines, Petroleum and Gas Board (RMPGB), who said the State would partner with mining firms to double the country’s mineral productivity in the next two years.
According to Gatare, entities involved in mining activities in Rwanda will take advantage of rising global prices to diversify their products, in order to “maximize gains”.
Since the beginning of the year, cassiterite which was sold at $13,000 a ton between 2015 and 2016, has been fluctuating between $19,000 and $20,000 per ton. As for wolfram, its price rose by about 40% while coltan’s increased by 28%-30%.
The global fall in prices of commodities significantly impacted Rwanda whose exports of cassiterite, wolfram and coltan slumped over the past years to $86.42 million in 2016. This paired with a lack of profitability pushed mining firms to stop investing in their mines.
Rwanda is the world’s leading coltan exporter.
Louis-Nino Kansoun
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
Algeria plans to launch construction of the $13 billion Trans-Saharan Gas Pipeline (TSGP) a...
Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors w...
Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...
Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...
DR Congo bans South African livestock imports over FMD Measure suspends permits for animals and animal products South Africa ramps up vaccination,...
In Mali, as in many other African countries, sustainable soil management has become a critical issue. Climate change, rapid urbanization, and rising food...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on research, feasibility and investment support for SMEs and...
Ghana aims to reach 70% 5G population coverage by March 2027, though the service is not yet commercially available. The government has shifted from...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...