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Premier Ngirente unveils plans for $1.5 billion in mineral exports by 2024

By Esther Muhozi
On 5 December 2023 at 10:35

The week dedicated to mining in Rwanda commenced on December 4, 2023, with the official opening by Prime Minister Dr. Edouard Ngirente. The overarching goal set by the government is to achieve $1.5 billion in mining exports by 2024, and Dr. Ngirente emphasized the ongoing collaboration with mining companies to attain this objective.

This year’s mining week, marked as the sixth annual event, focuses on the theme of Mining Technology, Adequacy, and Investments. Premier Ngirente highlighted the significant role of mining as one of the major revenue sources for the country, providing substantial employment opportunities. Notably, mining production has nearly tripled from $373 million to $852 million between January and September of the current year.

Approximately 70,000 people are employed in the mining sector, contributing not only to their individual development but also to the overall progress of surrounding areas. The Prime Minister expressed satisfaction with these results, acknowledging that achieving the set goals necessitates energy, compliance, investment in technology-intensive mining, and attention to the development of mining operators.

The government’s commitment to the mining sector was further emphasized by an investor, Mpendahende Amiel, who expressed gratitude for efforts to modernize the industry. However, he called for assistance in securing funding from financial institutions, addressing the challenge of obtaining loans for mining projects. Additionally, Mpendahende proposed the establishment of a local industry for producing dynamites with a request for government support.

In response, Premier Ngirente assured that the government is actively addressing obstacles in the mining sector and collaborating with financial institutions to facilitate funding for mining endeavors.

He urged mining professionals to adhere to laws and regulations while emphasizing the government’s commitment to monitoring compliance to prevent illegal mining, ensure environmental protection, prioritize miner safety, and discourage mine abandonment.

Further, Ngirente highlighted the government’s intention to promote cooperation between investors and the private sector in mining.

This collaboration extends to research efforts aimed at determining mineral reserves in different parts of the country and supporting the development of communities surrounding mining operations through infrastructure projects such as hospitals, roads, and power transmission lines.

Amb. Yamina Karitanyi, Chief Executive Officer of Rwanda Mines, Petroleum and Gas Board (RMB) shared insights on the country’s mining achievements.

Notably, Rwanda is competing to reach a one-billion-dollar income by the end of the year, with impressive production increases in coal, coltan, wolfram, gold, lithium, and gemstones. Karitanyi outlined substantial financial contributions from the mining industry to the government’s coffers and detailed ongoing research initiatives in new areas rich in precious stones.

As of now, Rwanda boasts over 150 mining companies, with Rulindo, Rutsiro, Gakenke, Muhanga, and Rwamagana emerging as the most productive districts in the country.

Premier Ngirente assured that the government is actively addressing obstacles in the mining sector and collaborating with financial institutions to facilitate funding for mining endeavors.
Investor Mpendahende Amiel xpressed gratitude for efforts to modernize the industry.
Amb. Yamina Karitanyi, Chief Executive Officer of Rwanda Mines, Petroleum and Gas Board shared insights on the country’s mining achievements.
Prime Minister Ngirente explores stands showcasing a diverse array of minerals extracted in Rwanda.

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