Vox Markets Logo

Eastinco unveils new senior appointment for Rwandan subsidiary

12:21, 19th January 2022
Vox Markets
Vox Newswire
TwitterFacebookLinkedIn

Eastinco Mining and Exploration (EM.P FOLLOW) has appointed Mr. Richard Mugisha as a Non-Executive Director of its 100% owned Rwandan registered subsidiary, Eastinco Limited.

Mr. Mugisha holds a Bachelor of Arts degree (BA) and a Bachelor of Laws degree (LLB) from the University of Lesotho in 1994, and a Master of Laws (LLM) from New York University. 

Eastinco said Mugisha is the Senior Partner of Trust Law Chambers in Rwanda, which he founded in 2004. Formerly, he served in different capacities for the Government of Rwanda.

He has led numerous assignments in Energy, Infrastructure & Mining, as well as Banking and Finance, and has been at the forefront of many major commercial transactions in Rwanda.

Mr. Mugisha, who is cited by Chambers & Partners as a Band 1 Attorney, and a “Leading Lawyer” by IFLR1000 legal directories, is the former President of the East African Law Society (EALS) and the former

Chairman of the Business Law Reform Commission, a body that reviewed all legislation affecting the commercial environment in Rwanda, Eastinco noted.

He also serves on various national committees, foundations, and company boards in Rwanda. 

Mugisha is also a member of the Rwanda Bar Association, a fellow of the Africa Leadership Initiative and the Aspen Global Leadership Network and has also been appointed as Honorary Consul of the Republic of Lithuania to the Republic of Rwanda with residence in Kigali.

Commenting, Charles Bray, Chairman of Eastinco stated. “We are delighted that Richard has joined us as we look to expand our operations in Rwanda. Richard’s appointment clearly reflects our commitment to operating in Rwanda to the highest corporate standards.”

Bray added: “Undoubtedly, his extensive network and business reach will allow us to optimise our stakeholder communications and relationships, whilst providing guidance and direction to ensure the highest level of governance in our operations.”

In a recent update on its joint venture project in southern Rwanda, Eastinco Mining and Exploration said eleven new pegmatite zones had been identified during field traversing. 

Eastinco Mining is currently undertaking a geochemical soil sampling programme at the HCK Mining (HCK) JV licence, in which the company holds 70% interest. Geological fieldwork commenced in December

2021 with the Phase-1 geochemical soil sampling programme. 

To date, eleven new pegmatite zones have been identified during field traversing, of which two possibly indicate strike extensions to the existing, known pegmatite zones, it reported. All samples will be shipped to an independent commercial laboratory for multi-element analysis.

Specifically, nine new pegmatite target zones, which potentially host rare metals, have been identified to date as well as two additional occurrences that were uncovered that may indicate the possible strike extensions to the known mineralised occurrences on the licence, it noted.

The Company explained to investors that the recent discovery of multiple new pegmatite zones, which were identified whilst traversing the licence, are of ‘significant interest’. Pegmatite is the typical host rock for the Tantalum-Niobium mineralisation in Rwanda.

Follow News & Updates from Eastinco Mining and ExplorationFOLLOW

TwitterFacebookLinkedIn

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

Recent Articles
Watchlist