Burundi exported 325 tons of "Gakara rare earths" in six months
During a press conference in Bujumbura, Midende said that the rare earth exploitation of Gakara has created 250 jobs, with an investment of 15 million USD.
The Director-General of "Rainbow Mining Burundi" (RMB), Gilbert Midende announced on Monday that Burundi has exported 325 tons of "rare earth from Gakara" since the start of exploitation six months ago of a mining deposit located in his province of Bujumbura-rural (west).
RMB is the Burundian branch of an international company called "Rainbow International Resources Limited" having obtained in 2015 from the Burundian government a license to exploit these lands.
According to the convention of exploitation of the rare earths deposit of Gakara signed between the State of Burundi and the society Rainbow International Resources Limited, the State Burundi, holder of the "right of the ground", has a free action of 10%, a tax of 4% on the turnover and a tax of 30% on the profit realized, throughout the process of exploitation of this mining deposit.
During a press conference in Bujumbura, Midende said that the rare earth exploitation of Gakara has created 250 jobs, with an investment of 15 million USD. He estimated that RMB planned to export 3,000 tons of rare earths abroad in 2018, "instead of the 5,000 tons originally announced", following realities on the ground. For Mr. Midende, the big challenge of this mining remains to date "the insufficiency of the electrical energy" in Burundi in general, and in the perimeter of the mining zone in particular.
The Rare Earth Mining Agreement of Gakara also provides for compliance with the "Environmental Impact Plan", to protect the biodiversity of Tanganyika Lake bordering four countries: Burundi, DR Congo, Tanzania and Zambia, he said.