Inside Rwanda’s Major Tungsten Deal With Almonty Premium

Tungsten miner Almonty has agreed a deal with Rwanda’s government to process tungsten within country in exchange for an exploration licence

Izabayo Gadi

Sep 22, 2026 - 15:02

Sep 22, 2026 - 15:06

Inside Rwanda’s Major Tungsten Deal With Almonty

Other local tungsten producers in Rwanda, such as Trinity Metals, which operates the Nyakabingo mine, may be interested in supplying material to a processing plant that complies with US traceability rules.

Tungsten miner Almonty has announced a deal with Rwanda’s government to process tungsten within the African country in exchange for an exploration licence. As part of the terms of the deal, the Rwandan government will receive a 25% share in Almonty’s local Rwandan subsidiary. In return, the Rwandan government will provide a mineral processing licence, along with a tungsten exploration licence, Shyorongi. During the initial stages of the project, Almonty