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 | LondonTRANSCRIPT
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RWANDA
Ministry of Natural Resources
Potential for Investment in Rwandan Mining Sector
Overview
• Geologic context of Rwanda• History of Mining in Rwanda• Current status• Reforms and major successes• New discoveries • Investment opportunities
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I. Geologic context
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The Kibaran belt
Simplified geology map of Rwanda
The Kibaran belt
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Key minerals mined in Rwanda
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II. History of mining in Rwanda
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First geologic expedition in early 20th century
One of the first lithology map of Rwanda
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Mining in the 1940s
Artisanal mining
III. Current status
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Year
Export earnings
(Millions of US$)
Exports in Volume (Tons)
1999 6.9 9432000 12.6 1,0122001 42.6 2,1022002 15.9 2,0832003 11.1 2,5992004 29.3 5,0822005 37.3 6,4652006 37.0 6,1872007 70.6 8,2832008 94.0 7,3642009 54.6 7,9602010 71.0 8,4062011 158.0 9,6972012 136.3 7588
1998
2000
2002
2004
2006
2008
2010
2012
0
2000
4000
6000
8000
10000
12000
VOLUME OF EXPORTS, 1999 TO 2012
VOLUME ( TONS )Linear (VOLUME ( TONS ))
Year
EX
PO
RTED
VO
LU
ME (
TO
NS)
1998
2000
2002
2004
2006
2008
2010
2012
0
50
100
150
200
EXPORT EARNINGS FROM 1999 TO 2012
VALUE ( MILLIONS OF USD )Linear (VALUE ( MILLIONS OF USD ))
YEAR
EX
PO
RT E
AR
NIN
GS
( M
ILLIO
NS O
F U
SD
)
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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.
V. Reforms and majors success
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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
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
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Mineral certification mechanism
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Regional Initiative on the fight against Illegal Exploitation of Natural
Resources
Export Certificate
VI. New discoveries
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11 New delineated prospective areas
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Discovered gold resources of more than
700,000 ounces
VII. Investment opportunities
Mineral Exploration OpportunitiesMining Opportunities Industrial MiningValue AdditionPartnership with Local Mining CompaniesGemstonesTrade in Mineral SubstancesIndustrial Minerals 15
THANK YOU
www.minirena.gov.rw
www.rnra.rw
www.rdb.rw