Rwanda plans to scale up mineral export targets of $800 million dollars by 2020 and $1.5 billion annually by 2024 as per the government’s seven-year programme. Emery Rubagenga, CEO of Roka Mines speaking at YPO Edge, a forum with over 2 000 CEOs from more than 90 countries shared his views on why Rwanda is the place to invest.
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Mining
Miners need more engineers to meet new tailings dam safety standard
Reuters -
Experts said miners had not placed as much importance on tailings management, with little prestige attached to the unglamorous work of trekking to remote mine waste dams, where engineers analyze the consistency of the slurry and verify the integrity of the structure.
Financial
Wonderful world of Disney boosts Wall Street
Reuters -
Walt Disney Co’s (DIS.N) shares jumped, to put it among the biggest boosts to the S&P 500 and Dow. The stock notched its biggest daily percentage gain since March 24 as revenue declines for Disney parks and media networks were not as bad as feared.
International News
Gold strides further above $2,000/oz, dollar weakens
Reuters -
“The dollar is collapsing under the weight of $3 trillion in printed dollars, this all comes out in the wash with higher gold prices,” Giannotto said.
Coronavirus
Gambia imposes curfew as coronavirus cases surge 60% in a week
Reuters -
He had said earlier in the day that authorities would increase police, paramilitary, marine and immigration presence on its border with Senegal as scores of Senegalese who live in Gambia return from celebrating Eid al-Adha with their wider families. Senegal has recorded over 10,500 cases.
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