Rwanda courts investors with new mineral law
Saturday 1st March, 2014 on East African

The rules of the game are set to change completely for mining
companies in Rwanda if a proposed law is enacted. Firms will no longer
have access to limitless swathes of land as the law proposes
demarcation of the country into mining blocks of 400 hectares each.
These would be allocated to both firms with mining concessions and new
entrants.
The firms will no longer have access to limitless swathes of land as
the law proposes demarcation of the country into mining blocks of 400
hectares each. The draft law on Mines and Quarries Exploitation,
tabled before parliament recently, is aimed at attracting new
investors, increasing efficiency and improving value addition to boost
revenues from minerals.
The law, which comes at a time when the government is under pressure
to prove its mineral wealth, will make it easier for it to monitor
investor activity. Minister of State in charge of Mining at the
Ministry of Natural Resources Evode Imena told The EastAfrican that
with the demarcation, "Each block will be independent —we will have
the right to take any block the investor is not using.
According to Mr Imena, an ongoing minerals certification scheme and
the mineral tagging mechanism will reduce speculation and smuggling of
minerals and strengthen traceability. "We cannot ignore that at one
point in time, mining in Rwanda was mainly a trading based business,
but due to reforms introduced by the government now it is an
extracting business," he said.
Since 2011, the government has been putting pressure on private
companies with big concessions to increase their investment or lose
the contracts. At the same time, it has been awarding licences to new
companies.
http://www.google.ca/gwt/x?gl=CA&hl=en-CA&u=http://newskenya.co.ke/news/latest/east-african/rwanda-courts-investors-with-new-mineral-law/d84hf.384545&q=Rwanda+courts+investors+with+new+mineral+law&sa=X&ei=WiASU-nXFoLk0wG-qIGgCQ&ved=0CCMQFjAA
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SIBOMANA Jean Bosco
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