Rainbow was granted an exploration licence in 2011 and a mining licence to extract rare earth ore, covering a 25 year period, in 2015.
As a condition of Exploration Licence Rainbow was legally obliged to make a single payment of $400,000 to the Government of Burundi towards Social and Community Development. All terms of the Exploration Licence were discussed and approved in a transparent manner by the relevant ministries and by the Council of Ministers meeting on 27 and 28 April 2011. The payment was made directly to the Bank of the Republic of Burundi and Rainbow has received official confirmation of such payment.
Rainbow, its employees and its partners are committed to the highest standards of integrity and ethical trading and the Company adheres to all applicable anti-bribery legislation in its areas of operation.
Pour voir la déclaration en francais, cliquez ici (descendez en bas de la page).