sharing in governance of extractive industries
Government published a new law on mining and quarry operations on August 13, 2018, which some industry players say is anti-business and should be reviewed. But the mines board, the sector regulator, says the new law is business-friendly and seeks to transform the sector, ensure stability, and attract new investors. Stephen Nuwagira spoke to Francis Gatare, the Rwanda Mines, Petroleum & Gas Board CEO and Cabinet member, to discuss the new law. Excerpts;
The new law…Continue
By Stephen Nuwagira
Rwanda has a new mining law designed to improve extractives sector governance, accountability, safety, and environmental protection. Gazetted on August13, 2018, the amended law on mining and quarry operations recommends hefty fines and jail terms for mining companies and individuals that contravene standards leading to worker injury, disability, incurable disease, or death. The law also scraps…Continue
By Stephen Nuwagira
Rwanda mining sector brought in $373 million (Rwf324.5 billion) export revenue this fiscal year, surpassing the $240 million projection set by Rwanda Mines, Petroleum and Gas Board by 55%, figures indicate. This was an increase from $166 million (Rwf144.4 billion) the country earned from mineral exports in the previous year; the country shipped out 7,000 tonnes of minerals during 2017.
According to Francis Gatare, the Rwanda Mines, Petroleum and Gas Board…Continue
Rwanda’s mining firms have called for more government support, including tax waivers, to help ease the challenges that have plagued the mining industry for decades, inhibiting its growth.
According to Janat Mutesi, the Rwanda Mining Association vice-chairperson, though the sector is one of the major foreign exchange earners for the country, it has not been given adequate support and attention.
Mutesi said the mining industry faces an acute shortage of skilled personnel,…Continue