East African Mining News Unearthing Mining Opportunities in East Africa
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London-listed Aterian PLC has announced that its wholly-owned subsidiary, Eastinco Ltd, has resumed mineral trading operations in Rwanda. The company had previously suspended trading due to challenges encountered with the initial rollout of the Inkomane trading system, a government-mandated platform.
However, with the system now stabilized and widely adopted, Eastinco is confident in resuming operations while adhering to all regulatory requirements.
“We are pleased to restart our mineral trading activities in Rwanda and reaffirm our commitment to maintaining the highest standards of transparency and governance,” said Aterian Executive Chairman Charles Bray. “We will continue to work closely with various stakeholders to ensure a secure, efficient, and transparent mineral trading environment.”
Eastinco has prioritized ethical and sustainable sourcing practices, ensuring full compliance with the Responsible Minerals Initiative and OECD Due Diligence Guidance. The company is also in final negotiations with an international trading house to secure a new trade finance facility and logistical support, which is expected to significantly increase trading volumes.
This move positions Eastinco to capitalize on renewed market opportunities and further solidify its role as a key player in Rwanda’s mineral sector.
