Rutongo Mines

TINCO's primary asset consists of a series of tin mines in the Rutongo area of Rwanda. It comprises five primary underground mining operations; Gisanze, Masoro, Nyamyumba, Gasambya and Mahaza. Rutongo tin mines have an independently verified, indicated and inferred resource of 54,000Mt of tin.

In addition, these mines also have extensive open pittable resources and large historical waste dumps with commercially exploitable tin grades.

The Rutongo mines currently produce up to 100 tonnes per month of 71% Sn concentrates, which are currently exported, by TINCO, to Malaysia. The development program over the coming 24 months will increase production to more than 250Mt per month.

TINCO currently employs approximately 4,000 miners. 550 of these are company employees (performing all mine planning, drilling and blasting, recovery, and security functions), and the balance are contract miners paid per kg of cassiterite recovered.

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Rutongo Mines: History

1930 - 1985

Tin exploitation began in 1931 and from the 1940's, the company was consistently exporting 800 tonnes a year of Cassiterite.

By the 1950s, a Belgic mining company had developed the mine into the largest producer of tin concentrates in Rwanda.

1986 - 1994

Nationalised by the Rwandan government in 1986, production rapidly reduced to a low level due to the lack of investment. Largely closed in 1994.

1995 - 2008

Reopened as a diggers' co-operative in 1995.

In 2008 the Rwandan government decided to privatization the mines and Ruddington Services Ltd, now TINCO, entered the privatisation process.

TINCO now has a 75% equity interest in Rutongo Mines Ltd with the government of Rwanda retaining a 25% interest.