Mining industry generated $93 million in 2008

Cassiterite, a tin oxide mineral (SnO2) still dominated the industry with more revenues Rwanda’s mining industry generated $93 million (Rwf52.3 billion) last year according to information from the Ministry of Natural Resources. The figure represents an increase of 31 percent from the $71 million (Rwf40 billion) earned in 2007. The 2008 revenues also surpassed government projections of $81 million (Rwf753 million) by $12 million (Rwf6.8 billion)—an increase of 15 percent. The projections were 76 percent over US$46 million (Rwf26 billion) earned in 2006.
Vincent Karega, State Minister of Environment and Mining.( File photo)
Vincent Karega, State Minister of Environment and Mining.( File photo)
Times Reporter