{"id":59863,"date":"2023-12-05T14:47:02","date_gmt":"2023-12-05T14:47:02","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-mining-sector-holds-150bn-potential"},"modified":"2023-12-05T15:30:46","modified_gmt":"2023-12-05T15:30:46","slug":"rwandas-mining-sector-holds-150bn-potential","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential","title":{"rendered":"Rwanda\u2019s mining sector \u2018holds $150bn potential\u2019"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Rwanda\u2019s mineral reserves present an economic potential of $150 billion (approx. Rwf186 trillion) that can be realised by employing modern exploration and exploitation techniques, the CEO of Rwanda Mines, Gas, and Petroleum Board (RMB) said.<\/p>\n

Yamina Karitanyi was discussing the state of the mining sector during The Long Form, a weekly podcast of The New Times.<\/p>\n

According to her, this refutes the claims that Rwanda is a resource-poor country, which is most likely based on the fact that it is compared to other large neighbouring countries but \u201cit doesn\u2019t mean that Rwanda is without mineral resources.\u201d<\/p>\n

\u201cAs history for many African countries, we have in the past neglected a very core activity in the sector, which is the exploration phase because this is what gives you the comfort to speak on the resources you have.\u201d<\/p>\n

She explained that this was because exploration is a very expensive and risky endeavour which, for a long time, made it not attractive for investments, however, she noted that the institution has collected all exploration data since 1968 which brought confidence in large reserves across the country amounting to $150 billion.<\/p>\n

\u201cThese are confirmed reserves that we have. This is what we know we have underground but there is tremendous work required to tap into it.\u201d<\/p>\n

Rwanda\u2019s mineral exports brought in over $362 million and $241 million in the second and third quarter of 2023, respectively. The mineral exports include gold, cassiterite, coltan, wolfram, and gemstones, among others.<\/p>\n

\u201cOver the last seven years, we have tripled our export revenues,\u201d Karitanyi noted.<\/p>\n

Rwanda\u2019s National Strategy for Transformation (NST1) has a bracket that aims at increasing and translating the mining into large exports. In this regard, the share of minerals as per total exports is expected to reach 49.6 per cent by 2024 from 32.9 per cent in 2017.<\/p>\n

The sector is still faced with a limited level of production in terms of exploration and extraction due to the lack of modern equipment and techniques employed which pose risks to safety and environment conservation.<\/p>\n

On-ground effect on productivity, the institution reported that only 20 per cent of minerals are recovered while the rest is lost due to artisanal techniques of extraction.<\/p>\n

\u201cWe are increasing mining techniques which give better recovery of minerals. With the introduction of mechanical processing technique, a miner is now able to recover at least 40 to 45 per cent of minerals,\u201d Karitanyi said.<\/p>\n

A call to financial sector<\/p>\n

Furthermore, Karitanyi called on financial institutions to open their financing instruments to the mining sector, despite the attached risk.<\/p>\n

\u201cToday, a concession has no real value attached to the reserves they have, which makes it very difficult for a bank to have a conversation with a miner and provide them with a loan. We don\u2019t have instruments in our banking sector that speak to the mining sector.\u201d<\/p>\n

However, she noted that the mining institution is advancing in de-risking the sector by mapping out minerals available in different concessions and estimating their value, as well as expected revenue. This means that a miner will be able to present their license as collateral in a bank for capital access.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. Rwanda\u2019s mineral reserves present an economic potential of $150 billion (approx. Rwf186 trillion) that can be realised by employing modern exploration and exploitation techniques, the CEO of Rwanda Mines, Gas, and Petroleum Board (RMB) said. Yamina Karitanyi was discussing the state of the mining sector during The Long Form, a weekly podcast […]<\/p>\n","protected":false},"author":84,"featured_media":59861,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29],"tags":[760,763,758],"class_list":["post-59863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nRwanda\u2019s mining sector \u2018holds $150bn potential\u2019 - Rwanda<\/title>\n<meta name=\"description\" content=\"Rwanda\u2019s mineral reserves present an economic potential of $150 billion (approx. Rwf186 trillion) that can be realised b ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rwanda\u2019s mining sector \u2018holds $150bn potential\u2019\" \/>\n<meta property=\"og:description\" content=\"Rwanda\u2019s mineral reserves present an economic potential of $150 billion (approx. Rwf186 trillion) that can be realised b ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-05T14:47:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-05T15:30:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/12\/sm_1701777597.915298.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rwanda\u2019s mining sector \u2018holds $150bn potential\u2019\",\"datePublished\":\"2023-12-05T14:47:02+00:00\",\"dateModified\":\"2023-12-05T15:30:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential\"},\"wordCount\":533,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/12\/sm_1701777597.915298.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential\",\"name\":\"Rwanda\u2019s mining sector \u2018holds $150bn potential\u2019 - Rwanda\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/12\/sm_1701777597.915298.jpg\",\"datePublished\":\"2023-12-05T14:47:02+00:00\",\"dateModified\":\"2023-12-05T15:30:46+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Rwanda\u2019s mineral reserves present an economic potential of $150 billion (approx. Rwf186 trillion) that can be realised b ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/12\/sm_1701777597.915298.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/12\/sm_1701777597.915298.jpg\",\"width\":1000,\"height\":666,\"caption\":\"Rwanda\u2019s mining sector \u2018holds $150bn potential\u2019\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/rwanda\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rwanda\u2019s mining sector \u2018holds $150bn potential\u2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#website\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/\",\"name\":\"Rwanda\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/rwanda\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Rwanda\u2019s mining sector \u2018holds $150bn potential\u2019 - Rwanda","description":"Rwanda\u2019s mineral reserves present an economic potential of $150 billion (approx. Rwf186 trillion) that can be realised b ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential","og_locale":"en_US","og_type":"article","og_title":"Rwanda\u2019s mining sector \u2018holds $150bn potential\u2019","og_description":"Rwanda\u2019s mineral reserves present an economic potential of $150 billion (approx. Rwf186 trillion) that can be realised b ...","og_url":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential","og_site_name":"Rwanda","article_published_time":"2023-12-05T14:47:02+00:00","article_modified_time":"2023-12-05T15:30:46+00:00","og_image":[{"width":1000,"height":666,"url":"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/12\/sm_1701777597.915298.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Rwanda\u2019s mining sector \u2018holds $150bn potential\u2019","datePublished":"2023-12-05T14:47:02+00:00","dateModified":"2023-12-05T15:30:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential"},"wordCount":533,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/12\/sm_1701777597.915298.jpg","keywords":["Africa Press","Africa Press-Rwanda","Rwanda"],"articleSection":["all news","Economy","head lines"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential","url":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential","name":"Rwanda\u2019s mining sector \u2018holds $150bn potential\u2019 - Rwanda","isPartOf":{"@id":"https:\/\/www.africa-press.net\/rwanda\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/12\/sm_1701777597.915298.jpg","datePublished":"2023-12-05T14:47:02+00:00","dateModified":"2023-12-05T15:30:46+00:00","author":{"@id":"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Rwanda\u2019s mineral reserves present an economic potential of $150 billion (approx. Rwf186 trillion) that can be realised b ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#primaryimage","url":"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/12\/sm_1701777597.915298.jpg","contentUrl":"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/12\/sm_1701777597.915298.jpg","width":1000,"height":666,"caption":"Rwanda\u2019s mining sector \u2018holds $150bn potential\u2019"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-mining-sector-holds-150bn-potential#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/rwanda\/"},{"@type":"ListItem","position":2,"name":"Rwanda\u2019s mining sector \u2018holds $150bn potential\u2019"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/rwanda\/#website","url":"https:\/\/www.africa-press.net\/rwanda\/","name":"Rwanda","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/rwanda\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/posts\/59863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/comments?post=59863"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/posts\/59863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/media\/59861"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/media?parent=59863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/categories?post=59863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/rwanda\/wp-json\/wp\/v2\/tags?post=59863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}