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Rwanda : RWANDA inks US $22 Million mining concession license with PELLA RWANDA RESOURCES
Publish Date : 24-Sep-2013
On 19 September, the government of Rwanda signed a mining concession license with Pella Rwanda Resources Ltd to execute mining operations in Rwamagana District.
US$ 22 million worth deal is for a period of five years permitting Pella Rwanda Resources to take up mining operations to extract mainly Cassiterite (Tin) and possibly Tantalite and Tungsten at Musha and Ntunga concessions in the Eastern Province.
The government stays committed to support investments in the mining sector with an objective to raise the sector's production, said, the State Minister in charge of mining in the Ministry of Natural Resources, Honourable Evode Imena.
He added, "As Rwanda is committed to triple the mineral sector production by 2017, having such an important company investing in the exploration, exploitation and processing of minerals, we believe we are on the right track toward achieving our objectives."
The company with the fifth year of the license, remains committed to raise its minimum production levels to 120 tonnes per month from 50 tonnes of refined minerals and social programmes in order to develop the capacity of young Rwandans in the mining industry.
The mining license mainly aims at documenting the main roles and responsibilities of the investor as well as the Government of Rwanda in regards with the mining operations and to permit the investor to be able to operate in Rwanda.
Rwanda Development Board's, Ms. Clare Akamanzi, said, "Rwanda has various types of mineral deposits in which we look forward to working with our partners to develop and enable more investments, as well as explore additional opportunities not yet discovered."
