Rwanda has signed a groundbreaking agreement with Rio Tinto to explore and extract the country’s lithium resources in the Western Province. This partnership, which includes local company Kinunga Mining Ltd. and British firm Aterian PLC, marks a significant milestone for Rwanda’s mineral sector.
Focusing on lithium, a vital component in technology and clean energy, the project covers 2,750 hectares with 19 identified pegmatite zones rich in lithium. Rio Tinto can invest up to $7.5 million, potentially earning a 75% stake in the exploration license, with the government approving a two-year extension for exploration activities.
Aterian PLC’s Executive Chairman, Charles Bray, emphasized Rwanda’s potential for large-scale mining beyond traditional operations. Core drilling will soon begin to extract samples providing valuable data on mineral concentrations.
Promising Future in Lithium Production
Rwanda’s mining sector has experienced significant growth, generating over $1.1 billion in 2023. With global demand for lithium increasing, Rwanda’s deposits could play a crucial role in meeting this demand.
Aside from mineral exploration, the partnership represents Rwanda’s entry into the global mining landscape, offering technology transfer, job creation, and increased foreign investment. Environmental sustainability remains a priority, ensuring long-term benefits for the economy and the environment.
The Rio Tinto partnership signals a new chapter in Rwanda’s mining revolution, poised to unlock the country’s mineral potential and reshape global lithium supply chains.