Rwanda: Potential for Investment in Rwandan Mining Sector

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Rwanda: Potential for Investment in Rwandan Mining Sector

Hosted by the Hon Stanislas Kamanzi, Minister of Natural
Resources, Rwanda

Mining On Top: Africa - London Summit
25-26 Jun 2013 | London

Published in: Technology, Business
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Rwanda: Potential for Investment in Rwandan Mining Sector

  1. 1. 1 RWANDA Ministry of Natural Resources Potential for Investment in Rwandan Mining Sector
  2. 2. Overview • Geologic context of Rwanda • History of Mining in Rwanda • Current status • Reforms and major successes • New discoveries • Investment opportunities 2
  3. 3. I. Geologic context 3 The Kibaran belt Simplified geology map of Rwanda
  4. 4. The Kibaran belt 4
  5. 5. Key minerals mined in Rwanda 5
  6. 6. II. History of mining in Rwanda 6 First geologic expedition in early 20th century One of the first lithology map of Rwanda
  7. 7. 7 Mining in the 1940s Artisanal mining
  8. 8. III. Current status 8 Year Export earnings (Millions of US$) Exports in Volume (Tons) 1999 6.9 943 2000 12.6 1,012 2001 42.6 2,102 2002 15.9 2,083 2003 11.1 2,599 2004 29.3 5,082 2005 37.3 6,465 2006 37.0 6,187 2007 70.6 8,283 2008 94.0 7,364 2009 54.6 7,960 2010 71.0 8,406 2011 158.0 9,697 2012 136.3 7588 0 2000 4000 6000 8000 10000 12000 1997 2002 2007 2012 EXPORTEDVOLUME(TONS) Year VOLUME OF EXPORTS, 1999 TO 2012 VOLUME ( TONS ) Linear (VOLUME ( TONS )) 0 50 100 150 200 1997 2002 2007 2012EXPORTEARNINGS(MILLIONS OFUSD) YEAR EXPORT EARNINGS FROM 1999 TO 2012 VALUE ( MILLIONS OF USD ) Linear (VALUE ( MILLIONS OF USD ))
  9. 9. 9 Government’s vision for the mining sector = To ensure the optimal and sustainable utilization of its mineral resources Targets: EDPRS 1: Exports from USD 38 M in 2005 to USD 106 M in 2012 (target surpassed); EDPRS 2: Triple 2012 earnings by 2017, increase earnings from USD 136 USD to reach USD 400 M.
  10. 10. V. Reforms and majors success 10 11OTF-GoR Retreat Akagera—EAK—02-14-06 OTF Group Proprietary Information 1. Strengthen the enabling legal, regulatory and institutional environment 2. Develop targeted investment, fiscal and macro-economic policies 3. Improve mining sector knowledge, skills and use of best practices 4. Raise productivity and establish new mines 5. Diversify into new products and increase value addition Session 1: Mining Policy development – process, rationale and context The mining policy task force agreed ten pillars as the basis for the mining policy Objectives (Impact)Strategic Pillars (Outcomes)  Higher productivity (3 industrial mines by 2020)  Increased investment ($500 million by 2020)  More employment & higher paying jobs (50,000 employees by 2015)  Increased exports ($240million per year by 2020)  Reduced imports ($10million per year fall in construction material imports)  Increased tax revenue ($30million per year by 2020)  Reduced environmental impact (no artisanal treatment in rivers)  Greater macro-economic stability
  11. 11. In 2012:  Minerals contributed 47.5 % of principal export;  The sector directly employed at least 23,000 people Currently there are 558 mining sites in the country, operated by 231 mining companies and cooperatives; 32 companies are dealing in mineral trading and exporting; Some figures 11
  12. 12. Mineral certification mechanism 12 Regional Initiative on the fight against Illegal Exploitation of Natural Resources Export Certificate
  13. 13. VI. New discoveries 13
  14. 14. 11 New delineated prospective areas 14 Discovered gold resources of more than 700,000 ounces
  15. 15. VII. Investment opportunities Mineral Exploration Opportunities Mining Opportunities Industrial Mining Value Addition Partnership with Local Mining Companies Gemstones Trade in Mineral Substances Industrial Minerals 15
  16. 16. THANK YOU www.minirena.gov.rw www.rnra.rw www.rdb.rw

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