About us

Mining overview

Mining in Burundi has to offer great amounts of unexploited opportunities in regards to ore processing and diversification: being the main mineral exported from Burundi, ores are processed to extract tin, tantalum and tungsten, as well as some gold and gemstones. Mining is the second largest export sector in Burundi economy. In 2014, approximately $210.6 millions of foreign exchange was generated from mining only. All mineral exports from Burundi can be traced through a special tagging system accepted by the downstream mineral buyers. Schematic exploration works are being carried out to identify and define more mineral deposits. Seeking to build a stable and fully-functioning sector, a strong, investor friendly legal and policy framework has been implemented.

Mineral transparency initiatives in Burundi

Burundi started following the enactment of the Dodd-Frank “Conflict-Minerals” Act
Mineral traceability in Burundi using the ITRI/iTSCi ‘Tag And Bag’ scheme was initiated at the end of 2010
In March 2011, the Burundi government implemented an anti-smuggling regulation for the mineral sector
Since April 2011, 100% of Burundi minerals are traceable from their mine sites up to their export point
In 2012, Burundi integrated the Regional Certification Mechanism (RCM) in its mining regulations
The RCM forms part of the ICGLR Regional Initiative on Natural Resources, adopted by the heads of state in December 2010

Corporate Governance

Five main rules for the best corporate governance practice

Ethics: a successful business must have a clear ethical basis
Align Business Goals: setting clearly determined, ambitious yet objectively reachable goals, achievable through building a suitable stakeholder decision making model
Strategic Management: creating an effective strategy process incorporating stakeholder value
Organization: having a well-structured and suitable work organization leading to a successful corporate governance
Reporting: implementing reporting systems structured to ensure transparency and accountability

Ethical principles

Upholding human dignity and valuing it above all with no exceptions.
Never justifying the oppression of minorities of any form/in any situation in the daily business operations.
Not supporting corruption and never involving our company into any corrupted activities.
Always protecting human life in all forms.
Guiding our business operations with the fundamental goal of improving the economy of Burundi as well as the welfare of its people.
Knowingly never conducting any business with persons or groups of people involved in acts of violence.
Knowingly never conducting any business with persons or groups of people purchasing minerals from rebel or armed groups.
Ensuring that all of our suppliers acknowledge their acceptance that they adhere to these ethical principles by signing the corresponding documents.
Due to a continuous effort to apply and to improve these Ethical Fundamentals, making occasional inquiries, requesting documentation and investigating (directly or through intermediaries) which investigations shall be allowed by clients, suppliers and contractors involved in our business.
Issuing a copy of the translated OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas to all of our suppliers, committing them to adhering to this document’s requirements, fully supported and upheld by our company.

Questions?

If you have additional questions please contact us