1

RWANDA

Ministry of Natural Resources

Potential for Investment in Rwandan Mining Sector

Overview

• Geologic context of Rwanda• History of Mining in Rwanda• Current status• Reforms and major successes• New discoveries • Investment opportunities

2

I. Geologic context

3

The Kibaran belt

Simplified geology map of Rwanda

The Kibaran belt

4

Key minerals mined in Rwanda

5

II. History of mining in Rwanda

6

First geologic expedition in early 20th century

One of the first lithology map of Rwanda

7

Mining in the 1940s

Artisanal mining

III. Current status

8

Year

Export earnings

(Millions of US$)

Exports in Volume (Tons)

1999 6.9 9432000 12.6 1,0122001 42.6 2,1022002 15.9 2,0832003 11.1 2,5992004 29.3 5,0822005 37.3 6,4652006 37.0 6,1872007 70.6 8,2832008 94.0 7,3642009 54.6 7,9602010 71.0 8,4062011 158.0 9,6972012 136.3 7588

1998

2000

2002

2004

2006

2008

2010

2012

0

2000

4000

6000

8000

10000

12000

VOLUME OF EXPORTS, 1999 TO 2012

VOLUME ( TONS )Linear (VOLUME ( TONS ))

Year

EX

PO

RTED

VO

LU

ME (

TO

NS)

1998

2000

2002

2004

2006

2008

2010

2012

0

50

100

150

200

EXPORT EARNINGS FROM 1999 TO 2012

VALUE ( MILLIONS OF USD )Linear (VALUE ( MILLIONS OF USD ))

YEAR

EX

PO

RT E

AR

NIN

GS

( M

ILLIO

NS O

F U

SD

)

9

Government’s vision for the mining sector = To ensure the optimal and sustainable utilization of its mineral resources

Targets: EDPRS 1: Exports from USD 38 M in 2005 to USD 106 M in 2012 (target

surpassed); EDPRS 2: Triple 2012 earnings by 2017, increase earnings from USD 136 USD to

reach USD 400 M.

V. Reforms and majors success

10

11OTF-GoR Retreat Akagera—EAK—02-14-06

OTF Group Proprietary Information

1. Strengthen the enabling legal, regulatory and institutional environment

2. Develop targeted investment, fiscal and macro-economic policies

3. Improve mining sector knowledge, skills and use of best practices

4. Raise productivity and establish new mines

5. Diversify into new products and increase value addition

Session 1: Mining Policy development – process, rationale and context

The mining policy task force agreed ten pillars as the basis for the mining policy

Objectives (Impact)Strategic Pillars (Outcomes)

Higher productivity (3 industrial mines by 2020)

Increased investment ($500 million by 2020)

More employment & higher paying jobs (50,000 employees by 2015)

Increased exports ($240million per year by 2020)

Reduced imports ($10million per year fall in construction material imports)

Increased tax revenue ($30million per year by 2020)

Reduced environmental impact (no artisanal treatment in rivers)

Greater macro-economic stability

In 2012: Minerals contributed 47.5 % of principal export; The sector directly employed at least 23,000 people

Currently there are 558 mining sites in the country, operated by 231 mining companies and cooperatives;

32 companies are dealing in mineral trading and exporting;

Some figures

11

Mineral certification mechanism

12

Regional Initiative on the fight against Illegal Exploitation of Natural

Resources

Export Certificate

VI. New discoveries

13

11 New delineated prospective areas

14

Discovered gold resources of more than

700,000 ounces

VII. Investment opportunities

Mineral Exploration OpportunitiesMining Opportunities Industrial MiningValue AdditionPartnership with Local Mining CompaniesGemstonesTrade in Mineral SubstancesIndustrial Minerals 15

THANK YOU

www.minirena.gov.rw

www.rnra.rw

www.rdb.rw