KIGALI (Xinhua) --
Rwanda is looking for more investors in the
mining industry to boost the country’s mineral exports and
increase revenues from mineral resources, head of the state
mining development body said Tuesday.
Rwanda, being among
the fastest growing economies in Africa, has a great opportunity
of using its mineral resources to drive its industrialization,
diversification and overall economic transformation, Francis
Gatare, chief executive officer of Rwanda Mines, Petroleum and
Gas Board (RMB), said during the 59th Annual General
Assembly of the Tantalum-Niobium that opened formally on Tuesday
in Rwandan capital Kigali.
sector presents different investment opportunities including
mineral exploration, mining, value addition and industrial
training, said Gatare.
The small central
African country aims to generate 800 million U.S. dollars by
2020 and 1.5 billion dollars by 2024 from mineral export
revenues, he added.
meeting attracted more than 150 experts in the tantalum and
niobium industry supply chain from over 25 countries across the
The annual general
assembly will highlight technical sessions, a visit to a working
artisanal tantalite mine, and site seeing tours in Rwanda.
The meeting will
explore a wide range of issues affecting in tantalum and niobium
technological development and consumption.
Rwanda is among top
producers of tantalum ore, producing more than 60 percent of the
needed quantity onto the global market, according to RMB.
in Rwanda is expected to exceed 2,500 tons in 2018, according to
Over 2,000 tons of
tantalum ore were produced and exported for the period of July
2017 to June 2018, it said.