Rwanda's ambitious plan to establish itself as a gold refining hub has encountered significant challenges, leading to a joint venture project's suspension and subsequent legal disputes.
The Aldango gold refinery, a partnership between Aldabra and Rwandan government-owned Ngali Mining, began operations in June 2019.
However, in January 2021, Rwandan officials revoked Aldango's export license and made several arrests within the company.
Alain Goetz, a Belgian gold dealer involved in the venture, claims that the confiscation of the refinery has resulted in a loss of approximately US$20 million, which will be a burden on the investors. . .
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