Deputy Director General of Rwanda Mining and Geology Department, Dr. Michael Biryabarema revealed that more employment and higher paying jobs in mining industry will increase up to 50,000 employees by 2015.
The sector will increase investment at least $500 million by 2020 while exports will hit $240million per year by same year.
Reduced imports are expected to reach $10million per year fall in construction material imports and increased tax revenue $30million per year by 2020.
However, Biryabarema noted that this will only be possible if all operators stick to rigorous exploration and optimum production.
“Evaluating the mineral potential of the country is the only way we’ll be able to make long term plans for the development of our sector. This is the Government’s priority and should be the priority for private investors,” He noted.
The government has a strategic plan to increase mineral exports from $158 M in 2011 to $ 400 M in 2017.
According to Caroline Kayonga, PS in the Ministry of Natural resources revealed that the year 2012 generated up to $150 Million.
To sustain the sector, government plans to invest more than € 4 M for extensive surveys in other mineral Potentials in 2013.
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