Foreign participation in small-scale mining operations is prohibited. Foreign shareholding in medium-scale mining acitivities is limited to 60%. No foreign equity restriction applies to large-scale mining acitivities.
"Article 2: Definitions of terms
In this Law, the following terms are defined as follows: [...]
3° minerals: substances extracted from the soil which can be processed to increase their economic value and which include metallic and non- metallic substances with the exception of hydrocarbons and water; [..]
14° quarry: an open surface or excavation from which geological materials are extracted for use in various works based on their physical and chemical properties;
[...]
CHAPTER II: MINERAL LICENCE 
Types of mineral licences that may be granted under this Law are the following:
1º exploration licence; 
2º mining licence: a. small-scale mining licence; b. medium-scale mining licence; c. large scale mining licence; 
3º mineral trading licence; 
4º mineral processing licence. 
The competent authority makes regulations determining the criteria for categorisation of mines. 
[...]
CHAPTER IV: QUARRY LICENCE 
Article 30: Types of quarry licences
Types of quarry licences are as follows:
1º non-commercial quarry licence; 
2º commercial small-scale quarry licence; 
3º an industrial quarry licence. 
The competent authority makes regulations relating to criteria for categorisation of quarries.
[...]
Article 63: Procurement of local goods and services 
The holder of a licence must: 
1º give priority to Rwandan contractors for works and services, provided that the rates, quality and time schedule for delivery are competitive to what is submitted by foreign contractors;
2º give priority to materials produced in Rwanda, so long as they are similar in quality, quantity and price to materials and goods produced outside of Rwanda; 
3º provide periodic reports to the competent authority regarding compliance with the requirements of this Article.[...]" (LAW N° 58/2018 OF 13/08/2018 ON MINING AND QUARRY OPERATIONS)
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"Article 2: Definitions of terms
In these Regulations the following terms have the following meanings: [...]
6° local shareholders: Rwandan citizens who hold shares in a company;
[...]
CHAPTER III: CRITERIA FOR CATEGORISATION OF MINES [...]
Article 8: Medium scale mine
A medium-scale mine must: [...]
6° have at least forty percent (40%) of local shareholders. 
[...]
Article 9: Small scale mine
A small scale mine must: [...]
5° be owned by Rwandan nationals.[...]" (REGULATIONS OF THE CHIEF EXECUTIVE OFFICER N° 005/MINES/RMB/2019 OF 18/07/2019 DETERMINING POTENTIAL MINING AREAS, CRITERIA FOR CATEGORISATION OF MINES, MODALITIES AND REQUIREMENTS FOR MINERAL LICENCE APPLICATION AND FOR TENDERS)
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"Article 4: Criteria for categorisation of commercial small scale quarry
Criteria for categorisation of commercial small scale quarry industrial quarry are the following: [...]
5° fully-owned by citizens of Rwanda. 
[...]
Article 5: Criteria for categorization of non-commercial quarry
Criteria for categorization of a noncommercial quarry are the following: [...]
2° being granted only to citizens of Rwanda;[...]" (REGULATIONS OF THE CHIEF EXECUTIVE OFFICER N° 007/MINES/RMB/2019 OF 18/07/2019 DETERMINING CATEGORIES OF QUARRIES, REQUIREMENTS FOR ACQUISITION OF QUARRY LICENCE AND REPORTING )
---------------------------------
"ARTICLE 4: OBLIGATIONS OF THE LICENSEE
The Licensee shall: [...]
xv. maintain a minimum of forty percent (40%) local shareholding [...]( ANNEX IV TO REGULATIONS OF THE CHIEF EXECUTIVE OFFICER N° 004/MINES/RMB/2019 OF 18/07/2019 DETERMINING THE FORMAT AND CONTENT OF A MINERAL LICENCE AND THE CONTENT OF AN AGREEMENT WITH A MINING OR INDUSTRIAL QUARRY LICENCE HOLDER - CONTENT OF AN AGREEMENT FOR MINERAL OR INDUSTRIAL QUARRY EXPLOITATION FOR MEDIUM SCALE MINING WITH A MINING OR INDUSTRIAL QUARRY LICENCE HOLDER)
---------------------------------
"ARTICLE 4: OBLIGATIONS OF THE LICENSEE
The Licensee shall: [...]xv. maintain hundred per cent (100%) local shareholding; ;\[...]" (ANNEX V TO REGULATIONS OF THE CHIEF EXECUTIVE OFFICER N° 004/MINES/RMB/2019 OF 18/07/2019 DETERMINING THE FORMAT AND CONTENT OF A MINERAL LICENCE AND THE CONTENT OF AN AGREEMENT WITH A MINING OR INDUSTRIAL QUARRY LICENCE HOLDER - CONTENT OF AN AGREEMENT FOR MINERAL OR INDUSTRIAL QUARRY EXPLOITATION LICENSE FOR SMALL SCALE MINING WITH A MINING OR INDUSTRIAL QUARRY LICENCE HOLDER)
LAW N° 58/2018 OF 13/08/2018 ON MINING AND QUARRY OPERATIONS
REGULATIONS OF THE CHIEF EXECUTIVE OFFICER N° 005/MINES/RMB/2019 OF 18/07/2019 DETERMINING POTENTIAL MINING AREAS, CRITERIA FOR CATEGORISATION OF MINES, MODALITIES AND REQUIREMENTS FOR MINERAL LICENCE APPLICATION AND FOR TENDERS
REGULATIONS OF THE CHIEF EXECUTIVE OFFICER N° 007/MINES/RMB/2019 OF 18/07/2019 DETERMINING CATEGORIES OF QUARRIES, REQUIREMENTS FOR ACQUISITION OF QUARRY LICENCE AND REPORTING 
ANNEX IV TO REGULATIONS OF THE CHIEF EXECUTIVE OFFICER N° 004/MINES/RMB/2019 OF 18/07/2019 DETERMINING THE FORMAT AND CONTENT OF A MINERAL LICENCE AND THE CONTENT OF AN AGREEMENT WITH A MINING OR INDUSTRIAL QUARRY LICENCE HOLDER - CONTENT OF AN AGREEMENT FOR MINERAL OR INDUSTRIAL QUARRY EXPLOITATION FOR MEDIUM SCALE MINING WITH A MINING OR INDUSTRIAL QUARRY LICENCE HOLDER
ANNEX V TO REGULATIONS OF THE CHIEF EXECUTIVE OFFICER N° 004/MINES/RMB/2019 OF 18/07/2019 DETERMINING THE FORMAT AND CONTENT OF A MINERAL LICENCE AND THE CONTENT OF AN AGREEMENT WITH A MINING OR INDUSTRIAL QUARRY LICENCE HOLDER - CONTENT OF AN AGREEMENT FOR MINERAL OR INDUSTRIAL QUARRY EXPLOITATION LICENSE FOR SMALL SCALE MINING WITH A MINING OR INDUSTRIAL QUARRY LICENCE HOLDER
[<a href="https://www.amategeko.gov.rw/document/legislation/2018_08_13_2018_08_13_LT_LAW_BUS_TL_Mining_and_quarry_operations_58_2018">Law</a>],[<a href="https://www.amategeko.gov.rw/document/legislation/2019_07_18_2019_07_29_LT_REG_CIV_TL_Criteria_for_categorisation_of_mines_and_%20requirements_for_mineral_licence_%20005_MINES_RMB_2019">Reg</a>],[<a href="https://www.rmb.gov.rw/index.php?eID=dumpFile&t=f&f=67531&token=6dabd13ee5d8260bacde2a383d9bfc97625828ab">Reg</a>],[<a href="https://rwandalii.org/akn/rw/officialGazette/government-gazette/2019-07-29/29%20bis/mul@2019-07-29">Annexes</a>]