Aterian resumes mineral trading operations in Rwanda
Aterian’s subsidiary, Eastinco, has resumed mineral trading operations in Rwanda after successfully integrating the Inkomane trading system, established by the Rwanda Mines, Petroleum and Gas Board (RMB). The company had temporarily suspended trading due to initial challenges with the system’s implementation, which led to reduced market activity.
With the system now widely adopted and stable, Eastinco is fully compliant with regulatory requirements and prepared to continue operations. As an officially registered participant on the Inkomane platform, the company emphasizes its dedication to regulatory transparency, ethical sourcing, and responsible mineral trade.
International guidelines
Eastinco remains aligned with international guidelines, including the Responsible Minerals Initiative and the Organisation for Economic Cooperation and Development (OECD) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. This adherence ensures strong traceability measures for sustainable and ethical mineral sourcing.
Additionally, the company is in the final stages of negotiations with an international trading house to secure trade financing and logistical support, aiming to significantly expand its trading volumes. Expressing optimism about this development, Aterian’s executive chairperson, Charles Bray, reaffirmed the company’s commitment to transparency and global best practices in mineral trading.
He emphasized that with trading activities back on track, Eastinco is well-positioned to seize emerging market opportunities and strengthen its role in Rwanda’s mineral sector. The company also aims to maintain close collaboration with industry stakeholders to ensure a secure, efficient, and transparent trading environment.
