After three and a half years of mining and processing minerals in Rwanda, Trinity Metals Group announced plans to inject an additional $100 million, equivalent to over RWF 145 billion, to increase production and establish processing plants at each of its mining sites.
The announcement was made by Trinity Metals’ CEO, Peter Geleta, during a meeting organized by the American Chamber of Commerce in Rwanda (AmCham Rwanda), where the company recently joined as a new member.
Geleta stated that Trinity Metals’ goal is to expand its operations while helping Rwanda attract more investors from the United States.
“Joining AmCham is a major step. We are confident that the Development Finance Corporation (DFC) will become one of our partners in the near future,” he said.
Trinity Metals will be the first African company to collaborate with DFC.
To date, the company has invested $40 million in Rwanda’s mineral sector. Its operations cover three main mining sites: Nyakabingo (wolfram/tungsten), Musha (gasegereti, coltan, and lithium), and Rutongo.
The company employs over 7,000 people and reports that its output has quadrupled since operations began.
At different mines, production has increased significantly. Nyakabingo’s output rose from 29 to 100 tons per month, Rutongo from 10 to 80 tons, and Musha from 12 to 30 tons.
In 2024, the company exported 2,226 tons of wolfram, gasegereti, and coltan, with plans to reach 5,201 tons by 2029.
Trinity Metals became the first company in the Great Lakes region to export processed wolfram to the United States. The first containers were shipped to Towanda, Pennsylvania, to Global Tungsten & Powders (GTP). The company has agreements to export 16 containers annually, with production expected to grow.
Trinity Metals is also seeking new investment at the Ntunga mine to begin large-scale lithium extraction. At the Musha site, early exploration holes have shown promising results.
Geleta explained that within five years, Nyakabingo’s tungsten production will reach 250 tons per month, Rutongo’s gasegereti 200 tons, and Musha 100 tons per month, including lithium, while the workforce is expected to grow to 10,000.
AmCham Rwanda CEO Ivan Mbaraga said initiatives like this highlight opportunities in the mining sector, particularly for youth and new investors.
“We want Americans to increase their investments in Rwanda, especially in energy and mining,” he added.
According to the 2024 annual report of the Rwanda Development Board (RDB), U.S. investors committed $441.3 million across 31 projects in the country.
