Tungsten is a crucial metal used in cutting-edge industries, for the manufacture of wear-resistant parts and electrodes, and in many arms industries for the manufacture of ammunition and military equipment. It is also used in medicine for the manufacture of some medical instruments, as well as for the production of cell phones, computers and other high-tech tools. Rwanda, which exports mainly to Austria, enjoys a worldwide reputation for the exceptional quality of its tungsten. Peter Geleta, CEO of Trinity Metals, believes that the site’s potential is big, “we have at least another 40 years of viable operation, and with the right investments, the mine could triple in size within five years.” According to him, Austrian industrialists say that Rwandan tungsten is one of the best in the world. This makes Rwanda a key player in the strategic metals market.
According to NewsTime, the mine employs over 2,000 people and pays out over $700,000 a month in wages. The mine’s work also benefits local communities, with 98% of employees coming from the region.
High Investment Potential
Nyakabingo’s dynamism is attracting many investors, not least thanks to ongoing studies aimed at mapping reserves and demonstrating the Nyakabingo’s momentum is drawing numerous investors, particularly due to ongoing assessments aimed at identifying reserves and confirming the site’s long-term profitability. “Once investors have a clear insight into the available resources and financial viability, we can expect a surge in funding,” assures Geleta.
Rwanda’s mining industry is attracting interest beyond tungsten. Other essential minerals, such as lithium, are beginning to surface. In 2023, mining giant Rio Tinto initiated lithium exploration in Rwanda, while drilling conducted by Trinity Metals uncovered vast deposits of spodumene, a crucial component for electric batteries.
An industry in the throes of change
Tungsten mining is based mainly on the Nyakabingo site, which generates more than 4 tonnes per day, or around 100 tonnes per month. According to the media outlet le Canape in 2024, export revenues from this mineral reached 12 million US dollars. According to Justin Uwiringiyimana, Managing Director of Trinity Nyakabingo, 90% of Rwandan production comes from this site, where mining is expected to continue for at least 48 years.
A processing plant planned for 2026
Trinity Metals plans to build a tungsten processing plant by 2026, with the aim of increasing production while reducing the workforce.” With this plant, we will be able to improve our production and maximize our profits“, explains Tristan Minyati, Head of Compliance Control.
Rwanda : the world’s second-largest tungsten producer
On a global scale, China dominates the market with 80% of production, while Rwanda ranks second with around 20%. Thanks to its abundant resources and dynamic investment policy, Rwanda is positioning itself as a strategic player in the global mining industry. Lithium exploration and the consolidation of the tungsten sector make the country a promising ground for investors looking for opportunities in strategic metals.
