Rwanda: How Government Plans to Increase Mineral Revenues Sevenfold By 2024
Monday, October 2, 2017 - 8:29:14 AM

Mining News - Sustained investments into modernising mining activities, exploration for new types of minerals, and adding value to the gems before they are exported will help Rwanda achieve its target to increase seven times by 2024 the revenues from mineral exports, officials have said.

The Chief Executive of Rwanda Mines, Petroleum and Gas Board, Francis Gatare, said the Government"s recent announcement that it targets to achieve $1.5 billion in annual revenues from exported minerals by 2024 is attainable.

"It"s absolutely achievable and we have agreed with stakeholders to double the current revenues every two years in order to achieve the target in time," Gatare told The New Times.

Last week, Prime Minister Edouard Ngirente, outlining the Government"s seven-year programme before Parliament, said the Government targeted to increase revenues from mineral exports over the next seven years, from the current $200 million a year to $1.5 billion by 2024.

"We will upscale our mining sector by completing exploration of potential mineral areas to establish the extent of national resources and reserves, in terms of quantity and quality with the aim of exporting $800 million by 2020 and $1.5 billion annually by 2024," the premier said.


Source: AllAfrica
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