EU, Rwanda ink deal to boost mining industry
The government of Rwanda has inked a deal with the European Union to bloster the mining industry. The agreement which was sealed between Rwandan Minister of Foreign Affairs and International Cooperation Vincent Biruta and EU Commissioner for International Partnerships Jutta Urpilainen, aligning with global efforts for a greener and more sustainable economy.
One of the main objectives is the integration of sustainable raw materials value chains. This indicates a focus on ensuring that the mining activities contribute positively to environmental and social sustainability. The agreement emphasizes cooperation towards achieving sustainable and responsible production practices. This likely includes measures to minimize environmental impact and ensure fair labor practices within the mining sector.
Sustainable mining
Both parties will work together to mobilize funding for the development of infrastructure required for the development of raw material value chains. This could involve investments in transportation, processing facilities, and other essential infrastructure.
The agreement also involves collaboration on research and innovation related to sustainable exploration, extraction, and refining of raw materials. This suggests a commitment to advancing technological solutions that improve the efficiency and sustainability of mining operations.
Rwanda is highlighted as a significant player in the global tantalum extraction market, and it also produces other minerals such as tin, tungsten, gold, and niobium. The country is recognized as having potential reserves of lithium and rare earth elements.
Rwandan Minister of Foreign Affairs and International Cooperation, Vincent Biruta, emphasized Rwanda’s commitment to unlocking the full potential of its mining sector while contributing to the supply of critical minerals needed for a transition to a greener, more sustainable global economy.
