Thursday, May 29, 2008

Rwanda’s mining industry sees success in the tunnel

Photo By Rwanda Privatisation Secretariat
By David Kezio-Musoke of The Monitor

"Rwanda’s mining industry, rarely talked about, has emerged as a top contender for the country’s foreign exchange earners beating forecasts for last year among the traditional exports.

The industry accounted for some $60m in 2007 leading the traditional export earners. The newly established Rwanda Geological Authority (RGA) estimates that mining in Rwanda could earn revenue worth $108m by 2011 from mineral exports.

Also in line was the emergence of tourism that for the first time came ahead of coffee and tea in export earnings.According to ORTPN - the tourism agency of Rwanda - tourism attracted earned $42.3 in 2007 while coffee and tea reaped $35.6m and $31.5m respectively."

Complete story at "Rwanda’s mining industry sees success in the tunnel"

Category: Rwanda + Mining + Investment

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