{"id":48552,"date":"2023-07-26T09:46:30","date_gmt":"2023-07-26T09:46:30","guid":{"rendered":"https:\/\/new.igihe.com\/rwanda-generates-us-362-million-from-mineral-exports-in-second-quarter-of-2023\/"},"modified":"2023-07-28T08:14:01","modified_gmt":"2023-07-28T08:14:01","slug":"rwanda-generates-us-362-million-from-mineral-exports-in-second-quarter-of-2023","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-generates-us-362-million-from-mineral-exports-in-second-quarter-of-2023\/","title":{"rendered":"Rwanda generates US$362 million from mineral exports in second quarter of 2023, gold tops"},"content":{"rendered":"<p>A standout performer throughout the quarter was undeniably gold, which took the lead as the top revenue generator. <\/p>\n<p>In April alone, Rwanda exported 1,506 kilograms of gold, bringing in an impressive US$ 97,553,111. The momentum continued into May, with 1,520 kilograms of gold worth US$ 99,039,329 being exported. However, the true highlight was June, when Rwanda exported 1,670 kilograms of gold valued at a staggering US$106,100,444. Combining these figures, the cumulative revenue from gold for the entire quarter reached an astonishing US$302,692,884.<\/p>\n<p>Cassiterite, a vital mineral in Rwanda&#8217;s mining industry, also made a substantial impact on the country&#8217;s mineral export earnings. In April, it generated 388,818 kilograms, amounting to US$  6,210,054. Though May witnessed a slight decline in production, with 341,533 kilograms valued at US$ 5,202,418, June saw a surge in performance, as Rwanda exported 413,804 kilograms worth US$ 7,400,529. The cumulative revenue from Cassiterite for the entire quarter stood at an impressive US$18,813,001.<\/p>\n<p>Coltan, another valuable mineral, showed steady growth throughout the quarter. In April, Rwanda exported 133,828 kilograms, resulting in revenue worth US$6,296,903. The following month, May, witnessed a notable increase in both volume and value, with 198,787 kilograms worth US$  9,587,723 exported. In June, Coltan exports reached their peak, with 254,400 kilograms worth US$ 11,930,212. The combined earnings from Coltan in the second quarter amounted to US$ 27,814,838.<\/p>\n<p>Wolfram, also known as tungsten, demonstrated a remarkable upward trajectory in export revenue. In April, Rwanda exported 120,920 kilograms, generating US$ 1,574,123. The subsequent month saw a considerable jump, with 246,920 kilograms worth US$ 3,335,391 exported. By June, Wolfram&#8217;s performance peaked, recording 267,595 kilograms worth US$ 3,579,145. Over the entire quarter, Wolfram contributed US$ 8,488,659 to Rwanda&#8217;s mineral export revenue.<\/p>\n<p>Besides these major minerals, &#8220;Other Minerals&#8221; also made a valuable contribution to Rwanda&#8217;s export revenue. In April, Rwanda exported 514,820 kilograms, generating US$ 1,233,420. May showed an increase in volume, with 1,357,729 kilograms worth US$ 1,327,094 exported. By June, the volume of &#8220;Other Minerals&#8221; reached 2,394,688 kilograms, resulting in revenue worth US$ 1,998,947. Over the entire quarter, &#8220;Other Minerals&#8221; contributed US$4,559,461 to Rwanda&#8217;s export earnings.<\/p>\n<figure class=\"spip-document spip-document-58393\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/gold-2.jpg\" alt=\"Gold took the lead as the top revenue generator in the second quarter of 2023. \" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>{Rwanda&#8217;s mineral exports have hit a remarkable milestone in the second quarter of 2023, raking in a total of US$362,368,845 (approximately Rwf426 billion) in revenue, according to the Rwanda Mines, Petroleum, and Gas Board (RMB).}<\/p>\n","protected":false},"author":62,"featured_media":2000058392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[72,75],"byline":[170],"hashtag":[],"class_list":["post-48552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-featured-news-home","tag-homenews","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":{"id":2000058392,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/gold.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/gold.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/gold.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/gold.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/gold.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/gold.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/48552","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\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=48552"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/48552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000058392"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=48552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=48552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=48552"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=48552"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=48552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}