New smelting plant to boost mining sector Phoenix Metals LTD, a local factory, yesterday began smelting cassiterite into tin, a move set to boost Rwanda’s revenue collections from mineral exports. Rwanda’s mineral ores produced in the country are exported as 100 per cent mineral concentrates. With the smelting plant taking shape, it will be possible to export semi-processed tin, whose market value is higher than the unprocessed cassiterite. Speaking to journalists during the launch of the plant, Evode Imena, the minister of state in charge of minerals, said with the new plant going into operation, the country is expecting a value increment of around 30-40 per cent Rwanda’s cassiterite production stands at 450-500 tonnes per month, while the entire mining industry stands at 12,000 tonnes annually.
Posted on: Thu, 22 Jan 2015 09:33:16 +0000
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