Kigali, Oct 17- The CEO of Rwanda Mines, Petroleum and Gas Board received the Ambassador of Japan in the Republic of Rwanda. The discussion focused on investment opportunities in mining and mineral value addition as well as attracting Japanese investors in the mining sector of Rwanda.

The mining sector in Rwanda currently presents a raft of lucrative opportunities for investors. They include exploration, industrial mining, and value addition.

In the CEO’s view, ‘There is a high need to invest in mineral value addition and increase the mineral recovery rate from today’s 35-40 percent of mined minerals to achieve up to 60 percent of the recovery rate in 2024 or even above’.

Exploration is one of the key areas of investments in that intensive, up-to-date, and detailed mineral exploration can be carried out in the recently identified prospective target areas (PTAs) to delineate and quantify their mineral resources.

As the extractive industry keeps enjoying steady growth, industrial mining is becoming more of a necessity. This implies the use of modern technology to upgrade the sector to a semi-mechanized and later at an industrial level to increase production which is low compared to the proven potential.

Value addition is also looked at as the linchpin towards professional mining. In this respect, this proves another area worth investing in since more minerals are still underexploited. Some of Rwanda’s mineral ores produced in the country are exported with a high percentage of raw mineral concentration. As a result, more processing plants are needed.

His Excellency Ron Adam, Ambassador of Israel to Rwanda