The USD16 million plant is a result of discussions of the company and the government of Rwanda.
Speaking at the event, Gatare said that it is a remarkable step since the country started to promote the development of mining sector.
“Today we have made a great step by agreeing with this experienced company to establish a plant in Rwanda, supporting our made in Rwanda programme and value addition for our products,” Gatare said.
The first of its kind to process Tantalum and Niobium in Africa, the plant will be constructed in Bugesera District based Industrial Zone and will have its mining quarries in Ngororero District.
According to the mining board, the plant will also diversify Coltan production excavated in all Rwanda’s mining quarries.
The Chief Executive Officer of PRG Plc, Ray Power
said that construction activities of the plant will be finalized in nine months and first production will commence in twelve months from the signing of the memorandum.
“Rwanda stood out as a clear choice because of its stability and transparency in doing business,” said Ray Power at the event.
RDB’s Clare Akamanzi said that the MoU is another effort in promoting sustainable development through mining sector.
PRG Plcis based in Slovenia and works from different countries in Europe and Africa.