A NEW INVESTMENT IN MINING SECTOR28.12.2016
The Ministry of Natural Resources, on Wednesday 14th 2016, granted 37 Mining and Quarry licences to qualified companies and cooperatives approved by the Cabinet meeting of 11.11.2016 after complying with all the requirements including documents anyone applying for a licence should hold.
The Minister of Natural Resources, Honourable Vincent BIRUTA urged the mining companies to well manage those licences, but most importantly protect environment by avoiding river siltation and all other sorts of environmental malpractices as the Mining is also a sub-sector managed under the entire Environment and Natural Resources Sector overseen by MINIRENA.
He also underlined increasing the mineral recovery rate from 15% to a higher level through the use of modern and efficient mining equipments among others. “The Government is ready to support you where it will be deemed necessary” Minister added.
In this event, Hon. Minister warned the new investors to avoid the “Perimeters booking culture” where investors are granted wider mining concessions but do not invest in developing them, ending up into terminating their licenses while it was not the Government’s intention in granting them.
The Honourable Minister also informed the new license holders that the Government has re-started exploration projects and assured them to communicate results upon completion of the work. He recalled new investors that mineral exploration never ends until minerals are exhausted from the mineral deposits, and then asked miners to keep exploration works by hiring the necessary expertise including qualified and experienced human resource like geologists, mining engineers, etc
The Minister requested any mining operator who is confident of his best practices with respect to fulfilment of contractual obligations, to invite him for a visit in order to show his exemplary practices to the public.
In his remarks, the Chairman of Rwanda Mining Association and Chairperson of Wolfram Mining and Processing , Mr. Jean Malic KALIMA has thanked the Ministry of Natural Resources for its effort invested in this long process to get licenses approved. He added that this is a good opportunity for them to enter into negotiations with banks because now the long duration of licenses provided by the new mining code will give much confidence to financial institutions.
He also promised the Government to advocate for mining best practices towards fulfilment of agreed obligations with the miners through signed agreements.