Rwanda generates US$241.8 million from mineral exports in third quarter of 2023

In the third quarter of 2023, spanning from July to September, Rwanda’s mineral exports witnessed a substantial surge in revenue, generating a total of $241,823,194, (over Rwf290 billion) as reported by the Rwanda Mines, Petroleum and Gas Board (RMB) on November 7.

The primary contributors to this remarkable revenue included Cassiterite, which accounted for 294,717 kilograms, yielding $5,367,704 in July, 415,482 kilograms, with revenues of $6,906,567 in August, and 440,176 kilograms, resulting in $6,783,099 in September.

Gold, another significant player, generated 1,155 kilograms, bringing in $73,181,036 in July, 1,000 kilograms, producing $62,156,101 in August, and 845 kilograms, amassing $52,676,671 in September.

Coltan also shone, contributing 189,183 kilograms, valued at $8,145,587 in July, 141,658 kilograms, generating $5,827,562 in August, and 208,155 kilograms, with revenues of $9,313,654 in September. Wolfram, on the other hand, yielded 237,116 kilograms, worth $3,040,783 in July, 198,409 kilograms, with a value of $2,663,971 in August, and 218,802 kilograms, resulting in $2,711,206 in September.

Additionally, the report released today also shows that various other minerals collectively contributed 1,210,458 kilograms, worth $1,085,647 in July, 1,219,670 kilograms, producing $1,249,889 in August, and 739,711 kilograms, generating $713,714 in September.

In comparison to the same period in the previous year, the total mineral export volume for July to September 2023 reached 5,516,538 kilograms, marking an impressive 22.4% increase, while the value amounted to $241,823,194. In the corresponding period last year, metals accounted for 4,321,566 kilograms, with revenues totaling $197,496,029.

PM