The figures released on Wednesday 3rd May 2023 show that the minerals were traded between January and March 2023.
The RMB report shows that the minerals that contributed the most to the revenue were cassiterite, coltan, wolfram, gold, and other minerals.
In January, cassiterite production was 316,093 kilograms worth US$ 5,436,480, and this increased to 363,701 kilograms worth US$ 5,903,483 in March. Coltan also demonstrated a substantial increase in export revenues, reaching 213,065 kilograms worth US$ 11,415,082 in March, up from 124,514 kilograms worth US$ 5,911,646 in January.
Wolfram, which is also known as tungsten, generated 129,407 kilograms worth US$ 1,723,665 in January and increased to 231,844 kilograms worth US$ 3,261,757 in March.
Besides, gold generated the highest revenue, with 1,465 kilograms worth US$ 90,519,870 in March, compared to 870 kilograms worth USD 53,234,196.20 in January. Other minerals also contributed to the revenue, with 827,041 kilograms worth USD 2,211,749 in March.
The report shows that from January to March 2023, Rwanda exported a total of 5,925,199 kilograms of minerals, with a total value of US$ 247,480,699.40.
The revenues generated from the export of minerals are expected to contribute significantly to the country’s economic development.