M a r k e t N e w s

MINING IN RWANDA PROGRESSES WITH US INTERVENTION

Posted on : Monday , 25th March 2019

The mining sector has emerged to be the highest foreign export earner of merchandise exports in Rwanda, since it commenced in the early 1930s. According to the statistic report of 2018 the export of Cassiterite amounted to $149 million, a huge potential of gold mining and export as well as wolfram and Colombo tanlite (Colton) has emerged recently. Rwanda has largely been underlained by the Kibaran Orogeny rock system. Consisting of basement and   mezoproterzoic rocks that have been intruded by many generations of mafic and granitic rocks.

A large metallogenic province is formed, containing a number of granite related ore deposits rich in mineral ores namelyAiPO4(F,OH),Amlygonite(Li,Na),Si206,(SnO2),Cassiterite,Niobotantalite(NbTa)205,Colombo-tantalite or Coltan, Wolframite, FeMn), beryliumWO4, cassiterite(SnO2),Si206) monazite (Ce,la,Nd,Th)Po4, gold(Au), etc . Present in different types of mineralization. These minerals occur as primary or as elluvial or alluvial deposits’.

Internally recognized as iTSCi project a sealing and mineral tagging scheme has been adopted by Rwanda to ensure that the origin of the mineral can be tracked.

The exercise gained currency after signing the Dodd-Frank act which was signed into the law by the US president in 2009 baring conflict of the minerals from gaining access to the US market. The Minister of the state of Rwanda Evode Imena told the US house of Representatives that Rwanda must be considered as a conflict-free mineral country. During an over two hour hearing entitled Dodd-Frank held five years later, questioning If we had   learned anything from Conflict Mineral Reporting? he voiced it  at the subcommittee of the  United States House of Representatives in Washington  D.C. Explaining, how Rwanda is working to ensure its minerals are conflict free, Imena said that  the country had made great strides by developing a mineral traceability programme. Significant efforts are being made by Rwanda to clean the mineral supply chain. He told the US lawmakers that 100% of the 3T Minerals, Tin, tantalum and tungsten that are mined in Rwanda are traceable right from the mine site up to the point of export.

Under section 1502 of Dodd-Frank Rwanda was lumped together with nine other countries hampering its efforts to improve despite all that had been accomplished, applying the one-size-fits-all regulation they were all put in one group which was not only an impediment to efficient implementation of the regulations, but also failure to recognize the efforts made and challenges faced by individual countries, he added.  

Since there is no conflict in the country of Rwanda the given costs associated with complying with the law should not apply to Rwanda. His submission was based on the Dodd-Frank Wall Street Reform and Consumer Protection Act also referred to as (Dodd-Frank) signed into the federal law by President Barrack Obama on July 21, 2010.

Source : Bizmart
Featured Companies
  • /
  • African Business Development Association
  • /
  • TITAN Containers A/S
  • Mercury Tube Products
  • SMES Today Magazine
  • DOOREE INTERNATIONAL CO LTD
  • africabusiness.com
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • KlipKlamp Mounts
  • Sonarome has supplied customers with quality flavours and fragrances.
  • SPB Technical Development Ltd., Hungary, is a privately owned company established in 1996 to design and manufacture products of information technology and of the bank sector.
  • A Multicultrual Monthly Publication
  • Stone,granite,Marble - International Stone Web
  • A leading manufacturer of Plastic Auto Components Injection Moulded, Painting, Assembly Parts and Tool Manufacturing in India.
  • Dedicated to the Engineering Manufacturing Sector in India
  • IGW is a very unique glacier water company, which is environmentally green, and uses some of its water resourses for humanitarian purpose
  • Norden brings to you the tested electrical and optical solutions, catering to a wide spectrum of industries - Telecommunication, Building, Industrial and Utilities.
  • We have been at the forefront of plate heat exchanger technology.
  • We offer multi-vendor, multi-technology wireline and wireless networks covering multiple domains
  • Westlink Electrical & Hardware Ltd. offers a complete line of Electrical Fittings, Switchgear, Power Tools, Lawnmowers, Electric Motors, Geared Motors, Generators Cables, Hardware Items. etc.
  • Exporter of used clothing to the World.
  • Indian Hardware & Sanitary News is a single trade monthly magazine which creates, manages and delivers the information that trading partners need to meet and do business.
  • Concentration Computer Company LLC ("CCC") was established in Dubai in 2000 and has since then grown to become one of the leading IT Distribution companies in the United Arab Emirates.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2020 Afrotrade