webcam-b
Metalgalante S.p.A.
Liebherr-International Deutschland GmbH
JA Solar International Ltd
MSC Mediterranean Shipping Company
Kal Tire Mining

twitter Facebook Linkedin acp Contact Us

UK's TechMet to invest US$20mn in Rwanda's mining sector

Rwanda aims to boost its mining sector. (Image source: CIFOR/Flickr)

The UK-based TechMet has announced to deploy around US$20mn in its Rwanda mining operations in the next two years

As reported in the New Times, Menell, a South African businessman and owner of Tinco that operates tin and tungsten mining concessions in Rutongo and Nyakabingo in Rulindo District, announced this during a virtual press conference ahead of the Africa Mining Forum. 

Welcoming the development, Francis Gatare, chief executive director at Rwanda Mines, Petroleum and Gas Board (RMB), stated, “TechMet's announcement today is very welcome news indeed. I am looking forward to them quickly concluding their new agreements with Rwanda Development Board (RDB), so that we can begin working with them to redevelop Rutongo Mines, Nyakabingo and other new joint initiatives.”

Tinco is negotiating with the government to overhaul its operations in Rwanda, and secure a purchase share agreement of key industrial mining blocks in the Northern Province, stated the source.

Most Read

The Carmix 3.5TT is renowned for its robust performance in concrete mixing. (Image source: Carmix)

Genuine Volvo Parts are specifically developed, tested and approved to get the very best results from your Volvo machine. (Image source: Volvo CE)

The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)

The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)

The initiative was unveiled at a meeting at the UIA head office. (Image source: UIA)

Latest news

One of the most significant advantages of electric construction vehicles is the reduction of noise pollution. (Image source: Canva)

This project supports Egypt’s commitment to the Paris Agreement and its efforts to transition to a low-carbon energy sector. (Image source: Adobe Stock)

The projects will supply much-needed energy under a 20-year power purchase agreement (PPA). (Image source: Scatec)

The project is expected to expand electricity access to the nearby community. (Image source: Adobe Stock)

Bboxx Protect offers exclusive coverage for Bboxx Ride customers, including protection against material damage, fire, third-party liabilities, life insurance, and total permanent disability. (Image source: Bboxx)

African Review