Rwanda Expects More Investments in Mineral Industry

14 December 2010 (Last Updated December 14th, 2010 18:30)

The Rwandan Government is expecting increased investment in its minerals industry following the ban on mining in Congo, its neighbouring country. Congo suspended mining in the North Kivu, South Kivu and Maniema provinces on 9 September 2010 to wrest control of the industry from mafia gro

The Rwandan Government is expecting increased investment in its minerals industry following the ban on mining in Congo, its neighbouring country.

Congo suspended mining in the North Kivu, South Kivu and Maniema provinces on 9 September 2010 to wrest control of the industry from mafia groups.

Since the ban, mining firms in Rwanda have boosted production, while the number of inquiries from miners interested in starting operations has increased.

Rwanda's Government is investing in geological data to attract more investment into the country.

Forestry and Mining Minister Christophe Bazivamo told Bloomberg that his department will determine the impact of the ban on exports in January.