{"id":37650,"date":"2018-06-06T12:08:02","date_gmt":"2018-06-06T12:08:02","guid":{"rendered":"https:\/\/new.igihe.com\/mining-earnings-surpass-target-by-133-million\/"},"modified":"2018-06-08T10:49:29","modified_gmt":"2018-06-08T10:49:29","slug":"mining-earnings-surpass-target-by-133-million","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/mining-earnings-surpass-target-by-133-million\/","title":{"rendered":"Mining earnings surpass target by $133 million"},"content":{"rendered":"<p>RMB Chief Executive Officer, Francis Gatare revealed this yesterday in a consultative meeting that brought together sector players including government institutions, business community and donors.<\/p>\n<p>Gatare said that the good sector performance is attributed to the recovery of minerals price on international market and improved production from mining companies.<\/p>\n<p> \u201cLast year, mining sector contributed enough to the development of the country where it earned Rwanda a total of $370 million from exports. We target to increase mining earnings to $600 million this year,\u201d he said.<\/p>\n<p> \u201cThis is possible basing on measures that have been taken like raising mining production capacity and embracing modern mining practices,\u201d he added.<\/p>\n<p>Rwanda has been exporting wolfram, coltan and cassiterite and gemstones.<\/p>\n<p>Gatare said that this year, they will invest in buying modern mining technolgies which will help double the production. <\/p>\n<p> \u201cThe challenges this sector faces include poor technologies which only extract less than 40% of the real potential,\u201d he explained.<\/p>\n<p>The coordinator of Mining Companies in Northern Province, Placide Gaju told IGIHE that it is possible to raise the production capacity once they revised mining process.<\/p>\n<p> \u201cWe lose big quantities of minerals along mining and separation processes. With the use of modern practices backed by polished skills, production will certainly soar,\u201d he explained.<\/p>\n<p>Last year, Rwanda exported a total of 7000 tonnes and this year target 10,000 tonnes. Rwanda targets $800 million from mining in 2020 and $1.5 billion in 2024.<\/p>\n<figure class=\"spip-document spip-document-25677 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/umuyobozi_mukuru_wa_rmb_gatare_francis-2-7d0d5.jpg\" alt=\"RMB Chief Executive Officer, Francis Gatare\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Rwanda Mines, Petroleum and Gas Board (RMB) has announced that mining earned Rwanda a total of $373 million in 2017, $133 million higher than the targeted $240 million. <\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[72],"byline":[170],"hashtag":[],"class_list":["post-37650","post","type-post","status-publish","format-standard","hentry","category-news","tag-featured-news-home","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/37650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=37650"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/37650\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=37650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=37650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=37650"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=37650"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=37650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}