A unit of Oman-based MB Holding Company has signed three large-scale mining agreements with the Rwandan government to undertake mining operations in Bisesero, Karongi District, of the southern African nation, a report said.

Tri Metals Mining Limited, a subsidiary of Mawarid Mining, is a wholly-owned subsidiary of MB Holding Company registered in Oman.

The project, with an estimated project value of $39 million, will carry out mining operations to extract mainly Cassiterite (Tin), Niobo-Tantalite (Tantalum and Niobium) and Wolframite (Tungsten) in Bisesero concessions in the Western Province, added the Oman Daily Observer report, citing the New Times.

The deal was signed by Evode Imena, the Rwandan Minister of State in charge of mining in the Ministry of Natural Resources, and the Rwanda Development Board’s (RDB) chief executive officer Francis Gatare, on behalf of the government while Tariq al Barwani, the managing director of Mawarid Mining Company signed on behalf of the investor.

RDB’s chief executive said that the deal would contribute significantly to the increase of Rwanda’s mineral exports, added the report.