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Rwanda Mining Revenue to Decline on Lower Tantalum Export Prices

Earnings from Rwanda’s mining industry will decline this year as lower metal prices will counter an increase in production, State Minister for Mining Evode Imena said.

The East African nation’s minerals exports will earn less than the $228 million generated last year, Imena said in an interview on May 21 in the capital, Kigali. He declined to provide a specific forecast for 2014 earnings. The volume of metals, including tantalum, which accounts for about 60 percent of the country’s total mining output, tungsten and cassiterite may rise to 10,000 metric tons from 9,000 tons, he said.