The mining sector is a priority sector for the Burundi Government as it continues to contribute to job creation, thus reducing pressure on agricultural employment, as well as to the diversification of the economy, have the effects of technology transfer and result in an increase of state revenue.
Burundi’s mineral resources are varied but fairly modest, the main one being nickel. Mining is so far mainly traditional but industrial exploration licenses have been granted to foreign investors since 2007. The Government is currently preparing a new Mining Code that enables productive exploration while ensuring the protection of the environment and well being of society.
With regards to the mining sector the country is full of many natural resources which include:
- Colombo tantalite
With support from the World Bank, Burundi has launched a comprehensive program to develop the country’s mining sector.
Privately owned Comptoir Minier des Exploitations du Burundi S.A. (COMEBU) and artisanal miners produce gold, niobium, tantalum, tin, and tungsten.
Gold reportedly was mined in Citiboke and Muyinga Provinces, and niobium, tantalum, tin, and tungsten were mined in Kayanza and Kirundo Provinces.
State-owned Office National de la Tourbe (ONATOUR) is the country’s producer of peat.
Investment opportunities under mining sector
- Exploitation is still hand–crafted, therefore an opportunity for potential investors;
- Some mining conventions exist for exploration of nickel and gold;
- The mining market remains open
- A study on the development of the mining sector is underway.