Mineral revenues to fall by 36 % this year

As a result of a global slump in the mineral prices due to a fall in demand on the global market, revenues from Rwanda’s minerals are expected to drop by 36 percent, officials say. They are expected to earn $ 60 million this year compared to $ 94 million that went into government coffers in 2008. “The projected fall in this year’s mineral earnings is as a result of a drop in demand and prices on the global market, which have their roots the global economic crisis,” said Michael Baryamureba, the Director General of the Office of Geology and Mines.