{"id":63211,"date":"2024-01-17T16:53:20","date_gmt":"2024-01-17T16:53:20","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/kagame-talks-mining-partnerships-with-rio-tinto-boss"},"modified":"2024-01-17T17:37:25","modified_gmt":"2024-01-17T17:37:25","slug":"kagame-talks-mining-partnerships-with-rio-tinto-boss","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/policy\/kagame-talks-mining-partnerships-with-rio-tinto-boss","title":{"rendered":"Kagame talks mining partnerships with Rio Tinto boss"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>On the sidelines of the World Economic Forum in Davos, President Paul Kagame on Tuesday, January 16, met with Jakob Stausholm, CEO of mining giant Rio Tinto for a discussion on partnerships and investment opportunities in Rwanda\u2019s mining sector, according to Village Urugwiro.<\/p>\n

Rio Tinto, a global leader in the exploration, mining, and processing of minerals such as aluminium, copper, and lithium, has previously expressed interest in investing up to $7.5 million in the Rwandan sector.<\/p>\n

In early August 2023, Rio Tinto, UK-based mining company Aterian, and Kinunga Mining signed a joint venture agreement to explore lithium in Rwanda.<\/p>\n

As The New Times reported in August, the agreement indicates that Rio Tinto has the option to invest $7.5 million in two stages to earn up to a 75 per cent interest in the license to explore minerals vital for a successful energy transition to renewable energy.<\/p>\n

The joint venture project has identified 19 pegmatite zones for lithium, caesium, and tantalum over 2,750 hectares in Southern Province. Lithium is a key metal in the production of rechargeable batteries used in electric vehicles (EVs), laptops, and cell phones and is used in glass and ceramics.<\/p>\n

In 2023, lithium demand was forecast to reach 900,000 tonnes, a 27 per cent increase from 2022, according to Benchmark Minerals, which assesses market prices and provides supply chain intelligence for lithium-ion batteries.<\/p>\n

Demand for lithium is forecast to be 1.5 million tonnes in 2026.<\/p>\n

Mineral export revenues grew from $71 million in 2010 to over $772 million in 2022.<\/p>\n

Rwanda\u2019s mining sector generated $851.6 million (approx. Rwf1 trillion) in export revenues from January to September 2023, representing an increase of 45.6 per cent compared to $584.8 million recorded during the same period in 2022.<\/p>\n

The government targets $1.5 billion in annual mineral export revenues by 2024.<\/p>\n

Rwanda Mining, Petroleum and Gas Board says the country\u2019s mineral reserves are valued at over $150 billion.<\/p>\n

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

Africa-Press – Rwanda. On the sidelines of the World Economic Forum in Davos, President Paul Kagame on Tuesday, January 16, met with Jakob Stausholm, CEO of mining giant Rio Tinto for a discussion on partnerships and investment opportunities in Rwanda\u2019s mining sector, according to Village Urugwiro. Rio Tinto, a global leader in the exploration, mining, […]<\/p>\n","protected":false},"author":84,"featured_media":63210,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[760,763,758],"class_list":["post-63211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nKagame talks mining partnerships with Rio Tinto boss - Rwanda<\/title>\n<meta name=\"description\" content=\"On the sidelines of the World Economic Forum in Davos, President Paul Kagame on Tuesday, January 16, met with Jakob Stau ...\" \/>\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\/policy\/kagame-talks-mining-partnerships-with-rio-tinto-boss\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kagame talks mining partnerships with Rio Tinto boss\" \/>\n<meta property=\"og:description\" content=\"On the sidelines of the World Economic Forum in Davos, President Paul Kagame on Tuesday, January 16, met with Jakob Stau ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/policy\/kagame-talks-mining-partnerships-with-rio-tinto-boss\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-17T16:53:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-17T17:37:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/01\/sm_1705500382.040039.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\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=\"2 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\/policy\/kagame-talks-mining-partnerships-with-rio-tinto-boss#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/kagame-talks-mining-partnerships-with-rio-tinto-boss\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kagame talks mining partnerships with Rio Tinto boss\",\"datePublished\":\"2024-01-17T16:53:20+00:00\",\"dateModified\":\"2024-01-17T17:37:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/kagame-talks-mining-partnerships-with-rio-tinto-boss\"},\"wordCount\":315,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/kagame-talks-mining-partnerships-with-rio-tinto-boss#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/01\/sm_1705500382.040039.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/policy\/kagame-talks-mining-partnerships-with-rio-tinto-boss#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/kagame-talks-mining-partnerships-with-rio-tinto-boss\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/kagame-talks-mining-partnerships-with-rio-tinto-boss\",\"name\":\"Kagame talks mining partnerships with Rio Tinto boss - 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