Aterian PLC on Monday said its wholly-owned subsidiary Eastinco Ltd has resumed mineral trading operations in Rwanda after resolving issues related to the rollout of a new government-mandated trading system.

The Africa-focused mining company with projects in Botswana, Morocco and Rwanda said trading had been temporarily suspended due to challenges with the implementation of the Inkomane trading system, introduced by the Rwanda Mines, Petroleum & Gas Board. Following the system’s stabilisation and wider adoption, Eastinco has now recommenced trading in full compliance with regulatory requirements.

‘As a fully registered participant in the Inkomane platform, Eastinco remains committed to upholding the highest standards of regulatory compliance, transparency, and ethical sourcing in the mineral supply chain,’ Aterian said.

The company is also in final negotiations with an international trading house to secure a new trade finance facility and logistical support, which it expects will ‘significantly increase’ trading volumes.

Executive Chair Charles Bray said: ‘We are pleased to restart our mineral trading activities in Rwanda and reaffirm our commitment to maintaining the highest standards of transparency and governance. With trading activities now resumed, Eastinco is positioned to capitalise on renewed market opportunities while reinforcing its role as a trusted partner in Rwanda’s mineral sector.’

Shares in Aterian were flat at 54.00 pence each in London on Monday morning.

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