Musasa : Reported Highlights
The Musasa Project
- Eastinco has been formally invited by the Rwanda Mines, Petroleum and Gas Board (“RMB”) to negotiate terms for a significantly larger mineral exploration licence for the Musasa project area in Rwanda.
- Eastinco will exercise its option to acquire the 15% minority partner interest from Kuaka Cooperative (“Kuaka”), its partner in the Musasa project.
- Eastinco announces that it has sent a joint venture termination notice to its partner, Dynasty Construction (“Dynasty”) and Eastinco.
- The government of Rwanda recently announced that it has partnered with Rio Tinto Minerals Development Limited (“Rio Tinto”) to collaborate in mineral exploration activities and potential mineral development and mining operations for lithium, tin, tantalum, tungsten and associated metal deposits in Rwanda.