Rwanda: RDB Unveils Mineral Reserves Seeking Investors for Value Addition

Rwanda is looking for investment to add value (processing) to minerals mined in the country, Rwanda Development Board (RDB) told investors during the first EU- business forum held from June 26 to June 27 in Kigali.

Adding value to minerals was among the many investment opportunities which RDB presented.

Rwanda already has a tin smelter, a gold refinery, and a tantalum refinery under construction.

However, RDB said: “Rwanda presents opportunities to establish other processing plants such as for tungsten, lithium, and gemstones cutting and polishing and other mineral processing.”

At least $50 million is needed to establish other processing plants.

It said that there are currently 1,439,602 tonnes of tin, tantalum, and tungsten (3Ts) reserves for a few recently explored sites showing the potential for value addition.

Rwanda is one of the world’s largest producers of tin, tantalum, and tungsten (3Ts).

In only a few recently mapped sites, it added, there are also 22 tonnes of gold reserves as well as 110,633,610 tonnes of rare earth minerals, lithium, beryllium, uranium, and iron ore.

The forum also discussed mechanisation, responsible mining, digitalisation, access to finance, and investment facilitation to enable the business environment in the mining sector.

“Funds gained from mining are being mobilised for investing in machinery while preserving the environment,” said Ivan Twagirashema, Deputy CEO of Rwanda Mining Board, while emphasising the importance of mechanisation in the mining industry.