The ‘Mining in Africa Country Investment Guide 2014’ reveals that Rwanda is among the top 20 exciting mineral jurisdictions in the continent.
The report indicates that Rwanda has untapped wealth and steady rise in mineral revenues.
This was revealed at the annual African Mining Conference that on February 4, 2014 in Cape Town, South Africa and was compiled by Singapore based research body Global Business Reports.
The minerals currently being mined and traded in Rwanda are cassiterite (SnO2), wolframite (WO3), Colombo-tantalite (Ta2O5) and gold.
Others are ambrigonite, beryl and semi-precious stones such as tourmaline, topaz, corundum, chiastorite, amethyst, sapphires, opal, agate and flint.
Mineral exports in Rwanda are up 72% over 2012 with US$196.3 million exported so far in the first three quarters of 2013.
While Rwanda is new on the African mining playing field, it remains the world’s fourth largest producer of tantalum and shows similar potential for several other minerals.
According tot the report where Rwanda’s mining sector lacks volume and capacity, the country has made significant strides in implementing regulatory reform in an effort to woo international investors.
Other countries that make it among top 20 includes Kenya, Uganda and Tanzania, while southern Africa provides the highest number of countries, with Botswana, Madagascar, Malawi, Mozambique, Namibia, South Africa, Zambia and Zimbabwe leading.