The government should increase its allocation to geological research to woo more foreign direct investment in the mining sector, the
In its latest report, "The Rwanda Economic Update," which has a special section on mining, the Bank states that detailed and publicly available geological knowledge will play a leading role in attracting future exploration investment for eventual mine development.
"The government's commitment to invest
"However, it is likely that without any significant new discoveries, the size of the mining sector in
The report urges government to increase mining revenues and rethink revising tax model for the smaller mining operators, including cooperatives, as well as to improve
"The increase in revenue benefits from further financial receipts will require clear rules, guidelines, and procedures for retrocession, if at all, of mining revenues to the provinces, districts, and sectors, and accountability for their use by sub-national authorities," Perks said.
"The government should in particular assess how small-scale operators and cooperatives do, or do not, benefit from legislation and practices geared toward development of small and medium sized enterprises."
Michael Biryabarema, the director-general for Geology and Mines at
"A new royalty tax piloted and introduced since
On top of adopting a new mining law in June this year, Biryabarema also said that a mining faculty will soon be opened at the
"The issue of building capacity in the public sector is on, but it also lies greatly among the miners. So there is a lot of sensitisation and on-the-job training being carried out to equip the sector operators with the necessary knowledge and tools," he said.
Cassiterite, coltan, and wolfram are
However, at the beginning of this year, much as mineral volume increased, it decreased in value by 18.6 per cent owing to poor global prices.
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