Government is targetting large scale investors under the amended mining Law published yesterday in the Official Gazette, as part of efforts to ensure maximum productivity of the sector. Challenged with under exploitation despite its enormous potential, the mining sector has shown signs that it can be Rwanda’s leading foreign exchange earner and according to the State minister for mining, Evode Imena, the new law marks an important shift. “The main thing that has changed in the law is the provision of new types of licenses. With the previous law, we were only allowed to grant a license of five or 30 years – nothing in-between. Five years was for artisanal or small-scale mining, while 30 years was for large scale,” Imena said yesterday. “This was problematic because most mines tend to be small. It means they try to be organised and use skilled labour, but the duration of five years was too short for them, yet government was reluctant to grant 30 years to small-scale investors because they do not show capacity to manage mine concessions on a large-scale.” newtimes.co.rw/news/index.php?i=15781&a=78366
Posted on: Sat, 12 Jul 2014 14:06:57 +0000