50 new mining licences for Rwanda as mining investment target set for $2 billion

By Dale Benton
More than 50 new mining licenses are set to be granted in Rwanda in 2018, as the country looks to boost its mining investment even further. The Rwanda...

More than 50 new mining licenses are set to be granted in Rwanda in 2018, as the country looks to boost its mining investment even further.

The Rwanda Development Board (RDB) will issue 50 new licences to mine metals including gold, tin and tantalum as it bids to attract close to $2 billion in foreign investment in 2018.

The news comes not long after RDB announced that in 2017 it had registered investments of $1.675 billion into the country, a $515 million increase year-on-year.

Mining was one of the three major sectors that contributed to the substantial growth, including construction and real estate.

“In the last 10 years, registered investments in Rwanda have jumped from $USD 800million in 2007 to $USD 1.675 billion in 2017. This is an increase of more than 100% in only a decade. This is evidence that Rwanda is being seen more and more as great place to do business,” said RDB in a statement.

Mining is the second largest export in the Rwandan economy.

Despite this, mining in Rwanda is still seen as a treasure trove of unexploited opportunities in ore, processing and diversification and so as part of the RDB, a number of key targets have been identified and set to tap into this opportunity.

The RDB intends to see the mining sector’s contribution to GDP increase from 1.2% to 5.27 % by 2017/2018.


Related stories:

Coal to continue to be leading power generator to developing countries, says CEO

AngloGold to invest $500m to restart Obuasi gold mine

Substance abuse in mines – better control with broader understanding


The number of working people (16 years and above) with main job in the mining sub-sector will increase from 20,000 to 60,000 by 2017/2018.

As world’s second-biggest producer of tantalum, export earnings are anticipated to increase from USD 158 million in 2011 to USD 400 million by 2017/2018

The safe and efficient running of mines across the country will also prove key, as the number of certified mine sites with efficient water and wastes management system will increase from 20% in 2011/2012 to 100% by 2017/2018

Mining continues to prove a key growth sector for providing working opportunities and employment, and so the percentage of the certified mine sites with safe and secure working conditions will be increased from 25% in 2011/2012 to 80% by 2017/2018



Featured Articles

Rio Tinto trials renewable diesel at U.S. operations

Rio Tinto is progressing plans to swap conventional diesel for renewable fuel in haul trucks at its U.S. operations

Kenorland and Targa agree deal for Canada lithium projects

Agreement will see Targa acquire 100% interest and up to 844 mining claims for the Opinaca Lithium Project, and rights to two MEL applications

Mincor raises AU$60 million for development and exploration

Firm to spread capital raising across development of Northern Operations, and for exploration and resource definition drilling at Cassini Operation

Startup Arkon Energy pours $28m into Bitcoin mining

Digital Mining

KSA’s SWCC signs agreements for brine mining projects

Supply Chain & Operations

Glencore to pay over £275mn over Africa mining oil bribes

Supply Chain & Operations