The Kigali based Karuruma tin smelter was built in the early 1980’s to produce tin from concentrate coming from the “Société des Mines du Rwanda” (“SOMIRWA”). SOMIRWA managed the smelter until 1985 when it went bankrupt.
The smelter was reopened at the end of 1990 by a company called ALICOM but was closed again in April 1994 when the genocide started. After the Liberation War, smelter was privatized by the Rwanda government and until 2018 was belonging to several investors.
Luma Holding Ltd and Ngali Holdings Ltd have taken over the Smelter in the first half of 2018, after successfully winning of the purchasing tender organized by the I&M Bank. Companies have registered a JV company in Kigali, Rwanda – Luna Smelter Ltd, which is decided for the development of the plant and its operations.
Luma Holding is a leading European Industrial Group, active across the CEE, Balkans and Central and East Africa region, investing in businesses with global ambitions. Group’s key sectors include ferroalloys, metals and casting production as well as exploration & mining activities with a special focus on R&D projects. Luma Group builds businesses and establishes long-term partnerships with entrepreneurs and companies who share its vision for growth and value creation. Group approach is based on a foundation of experience, fairness, economic rationale, flexibility and trust, and Luma brings these values into every opportunity it pursues. Group activities are run through four major funds such as Luma Metallurgical Industry, Luma Ventures, Luma Automotive and Luma Leverage Buyout. Whereas venture capital fund is industry agnostic, with private equity investments Luma focus on downstream industrial, consumer goods & medical sectors as well as new technologies.
Ngali Holdings is a proudly Rwandan company investing in a wide range of industries across the continent of Africa. Holding, established as an answer for the Govermental Program Vision 2020, is driven by the desire to see African markets grow and specialize in long-term, wide-scale infrastructure projects with a holistic focus. To realize the goal of Vision 2020, the Government of Rwanda required the participation of Private Sector companies, to develop the skills and technology needed to achieve competitive advantage
One of the main goals of Ngali Holding is to raise capital from local, regional and international markets and development partners for strategic projects – aimed towards increasing efficiency and hence shareholder value. That is why Ngali partners with firms having transformative capabilities in order to generate developmental as well as financial returns. Ngali has introduced investment opportunities in Rwanda to several strategic international investors, who together with Ngali are currently developing chosen projects, strategic not only for Rwanda but for the whole region.
Ngali has a diversified portfolio focusing our investments primarily on ICT, Transport, Energy, Health and the Agricultural sector in an aim to improve lives.
Luna Smelter is managed by world class experts with a vast exerience the finance field, as well as in the metallurgic, mining and energy ones.
Prof. Dr. Radoslaw Miskiewicz is the founder of the Luma Industrial Fund – a capital...
Ms. Cholewa has had an extensive career in both private and public sectors, combining expertise...
Chairman of the Management Board
Mr Banasik is highly skilled technologist at Luma Industrial Fund, responsible for technological support of...
Member of the Board
Mr. Mushabe is an expert in computer engineering and information technology and information security. He...
LuNa Smelter is equipped with 2 EAF with a total capacity of 1000 KVA. Each furnace has three graphite electrodes of 350 mm. For the impurities control the plant has three refining furnaces. Another two segregation furnaces are used for the recycling of the scrap from the refining and collect the tin from it. One furnace is used for ingots process. Pure tin metal is being transferred from the refining furnaces to the ingots furnace and then – distributed to molds.
The plant has special devices for magnetic separation for enriching of cassiterite (tin ore).
Crucial principles of production process:
- Continuous supply of high-quality raw materials;
- Well-defined composition of a batch mix;
- Precise control of the specifications and chemical properties of input and output;
- Ensured stability of EAF and auxiliary equipment on every stage of operation process;
- Reduction of tin losses through the recovery process of the dross remelting;
- Proper control of the maintenance activities at the site during repair and renovation campaigns.
Luna Smelter produces high-quality tin ingots, which correspond to the specifications traded at LME:
The technological process is run and supervised by the team of world-class experts.