London-listed Aterian’s wholly-owned subsidiary Eastinco has resumed mineral trading operations in Rwanda following the implementation of the Inkomane trading system as established by the Rwanda Mines, Petroleum and Gas Board (RMB).

Eastinco had previously announced the temporary suspension of trading operations owing to challenges encountered with the Inkomane system’s initial rollout and a consequential market activity slowdown.

Following wide-scale adoption and stabilisation of the system, Eastinco says it is now well-positioned to restart trading operations, in accordance with all regulatory requirements.

As a fully registered participant in the Inkomane platform, Eastinco assures stakeholders that it remains committed to upholding the highest standards of regulatory compliance, transparency and ethical sourcing in the mineral supply chain.

Eastinco highlights its collaboration with RMB and other stakeholders to ensure adherence to international best practices in mineral trading.

“Eastinco continues to operate in full compliance with the Responsible Minerals Initiative and the Organisation for Economic Cooperation and Development Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. This commitment ensures robust traceability mechanisms are in place to promote responsible sourcing and sustainability in mineral trade,” the company states.

It also reports that it is in final negotiations with an international trading house to provide a new trade finance facility and logistical support for the trading operations with the intent to significantly increase volumes.

“We are pleased to restart our mineral trading activities in Rwanda and reaffirm our commitment to maintaining the highest standards of transparency and governance. We will continue to work closely with various stakeholders and adhere to global best practices thereby continuing to support ethical and sustainable mineral supply chains.

“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. The company looks forward to further collaboration with industry participants, regulators and stakeholders generally to maintain a secure, efficient and transparent mineral trading environment,” Aterian executive chairperson Charles Bray says.