LuNa Smelter Ltd

What LuNa Smelter Ltd does

LuNa Smelter Ltd is a privately held tin smelting and mining company headquartered in Kigali, Rwanda, founded in 2018 as a joint venture between Polish metallurgical group Luma Holding and Rwandan investment group Ngali Holdings. The company acquired and modernized a dormant tin smelter originally built in 1980, commissioning two Electric Arc Furnaces (EAF) with a combined 1000 KVA capacity to process 200-230 tons of cassiterite concentrate per month. Output includes refined tin ingots in three purity grades (LME Standard Sn 99.86%, High Quality Sn 99.96%, and Premium Sn 99.99% produced via spiral crystallizer refining), as well as by-products (tin drosses, low-tin tantalum slag, tantalum concentrate). The company owns and operates the Mbogo Mine in Rwanda's Eastern Province with its own mineral processing plant and underground hoisting system, providing upstream vertical integration into cassiterite feed.

LuNa generates revenue through three primary streams: (1) tin ingot sales at LME-linked commodity prices to enterprise buyers in electronics, solder, battery, and renewable energy industries; (2) contract tolling services for external cassiterite suppliers requiring RMAP-conformant processing; and (3) ISO/IEC 17025-accredited laboratory testing services for regional mining and exploration clients. Pricing is commodity-driven with no public disclosure; contracts are negotiated directly with enterprise customers supported by industry certifications critical for accessing international markets. Go-to-market is enterprise field sales, augmented by participation in industry conferences (Mining Indaba, EPRM, RMI, LME, OECD, Paris Peace Forum, Future Minerals Forum, TIC, Rwanda Mining Week) and ESG reporting under GRI standards.

LuNa's principal differentiators are regulatory and traceability-related: it was the first tin smelter in Africa to achieve RMAP certification in 2020, a status formally recognized by the European Commission in 2025 as a supply-chain due diligence scheme under the EU Conflict Minerals Regulation. The company maintains four ISO certifications (9001:2015, 14001:2015, 17025:2017, 45001:2018) and operates a proprietary Chain of Custody system formally licensed by the Rwanda Mines, Petroleum and Gas Board (License No. RMB/ESP/01/042022/042027), augmented by blockchain documentation through a Minespider partnership piloted with Google. By positioning processing within Africa rather than shipping concentrate overseas, LuNa claims a lower CO2 footprint and zero-waste production practices (achieved in 2024), targeting European and American buyers with conflict-free, traceable, sustainably produced tin.

Name

LuNa Smelter Ltd

Legal name

LuNa Smelter Ltd

Website

https://lunasmelter.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

LuNa Smelter Ltd is a Rwanda-based, privately held tin smelter producing 99.86-99.99% purity tin ingots for global electronics, battery, and solar manufacturers, with vertical integration into upstream mining and RMAP-certified responsible sourcing.

Ownership category

akta.pro rank

Product category

Tin Smelting and Refining

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Other Metal Ore Mining (21229), Primary Metal Manufacturing (331)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Secondary Smelting & Refining Of Nonferrous Metals (3341)

akta.pro industry

PRIMARYIMAKAEAE

Precious Metals Smelting & Refining

Industrials, Manufacturing & Construction/Metals & Mining/Precious Metals Mining & Refining (Gold, Silver, Platinum Group)

SECONDARYIMAHAEAE

Industrial Furnaces, Kilns & Thermal Processing Equipment

Industrials, Manufacturing & Construction/Industrial Machinery & Heavy Equipment/Process & Industrial Plant Equipment

Keywords

• Tin smelting
• Refined tin ingots
• Mineral processing
• Cassiterite refining
• Responsible mining

Headquarters

HQ city

Kigali

HQ country

Rwanda

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Tin Ingot Production and Sales: Primary revenue stream from processing cassiterite concentrate into refined tin ingots and selling to manufacturers in electronics, solder, battery, and other industries. Currently processes 200-230 tons of cassiterite concentrate per month producing refined tin with 99.97-99.99% purity.
2. Tolling Services: Processing of customer-owned cassiterite through smelting to produce LME specification tin ingots while maintaining RMI-certified production standards.
3. Laboratory Testing Services: Accredited laboratory providing mineral testing services to external clients including exploration samples, cassiterite ore, slag, tin metal, lithium, beryl, and water quality analysis.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

LuNa Smelter Ltd is a vertically integrated tin producer that mines and refines cassiterite concentrate into high-purity refined tin ingots (Sn 99.86% LME Standard, Sn 99.96% high quality, and Sn 99.99% premium grade) using Electric Arc Furnace and spiral crystallizer technology. The company also offers tolling/smelting services for external cassiterite owners, by-products (tin drosses, low-tin tantalum slag, tantalum concentrate), and ISO/IEC 17025-accredited laboratory testing services for the regional mining sector.

Product overview

LuNa Smelter Ltd operates as a vertically integrated tin production company with a diversified portfolio of products and services. The core offering is refined tin ingots available in three purity grades (LME Standard 99.86%, High Quality 99.96%, and Premium 99.99%), complemented by by-products including tin drosses, low tin tantalum slag, and tantalum concentrate obtained during the smelting process. The company operates its own Mbogo Mine for captive cassiterite supply and provides tolling services for external customers. A key differentiator is the proprietary Chain of Custody (CoC) traceability system licensed by Rwanda's mining authority, combined with ISO/IEC 17025 accredited laboratory analysis services offered to external clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Tin Ingots
• Tin Drosses
• Low Tin Tantalum Slag
• Tantalum Concentrate
• Laboratory Analysis Services
• Tolling Services
• Mbogo Mine Operations
• Chain of Custody (CoC) System

Quantifiable outcome

• First tin mill in Africa to achieve RMAP certification
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Eleven partnerships are on record, tiered major, core and minor.

• University of RwandamajorStrategic or Co-development Partner · 21 September 2021MoU for Professional Education & Employment Program, delivering internships, joint research projects, seminars, and study visits. Focus on Mining, Geology, and Metallurgical fields to prepare students for industry careers.
• European Partnership for Responsible Minerals (EPRM)majorStrategic or Co-development Partner · 1 January 2021Partnership to increase percentage of responsible minerals from conflict-affected and high-risk areas (CAHRA). Focus on tin, tantalum, tungsten, and gold with aim to support socially responsible mining and local development.
• MinespidercoreTechnology or Integration · 18 November 2020Blockchain-based management tool partnership for documentation of Chain-of-Custody and due diligence activities, ensuring transparency and disclosure of sourcing and production processes. Partnership includes Google and Rwanda Mines, Petroleum and Gas Board for OreSource blockchain tool pilot.
• GooglecoreTechnology or Integration · 1 January 2020Partnership for piloting OreSource blockchain tool in Rwanda, combining technology, sustainability, and government oversight for minerals traceability.
• European Raw Materials Alliance (ERMA)majorStrategic or Co-development Partner · 1 January 2020Open initiative partner contributing to responsible raw materials supply chain development. Aligned with ERMA vision for circular economy and European competitiveness in raw materials.
• Rwanda Mines, Petroleum and Gas Board (RMB)coreStrategic or Co-development PartnerGovernment regulatory body that granted LuNa license for due diligence services and collaborates on blockchain traceability initiatives. Key partner for compliance and regulatory alignment.
• Responsible Minerals Initiative (RMI)coreStrategic or Co-development PartnerAnnual external audits under RMAP program for responsible minerals assurance. LuNa is conformant smelter, with RMI recognition valid for 1 year at a time.
• Rwanda Mining AssociationmajorStrategic or Co-development PartnerIndustry association partnership for collaboration with local cassiterite suppliers, enhancing traceability and transparency across the supply chain, and supporting sustainable mining practices.
• Afriquia FoundationminorOthersPolish-based NGO focused on knowledge transfer between Polish and Rwandan medical sectors, providing surgery opportunities to Rwandan patients. Part of CSR initiatives.
• Phuzumoya ConsultingminorImplementation/ SI/ Consulting PartnerIndependent assessment of LuNa's Chain of Custody system, evaluating design, implementation, and effectiveness in identifying and mitigating supply chain risks.
• European UnionmajorStrategic or Co-development PartnerMoU on Critical Raw Materials between EU and Rwanda signed in 2024. LuNa as sole tin producer in Rwanda positioned to benefit from this partnership for sustainable development and CRM value chain support.

Scale indicators8 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• PT Timah: PT Timah is an Indonesian state-owned integrated tin mining and smelting company, and one of the world's largest tin producers. It is directly comparable to LuNa in terms of integrated mine-to-ingot operations, although it operates at much larger scale.
• EM Vinto: EM Vinto is a Bolivian state-owned tin and antimony smelter operating in Oruro, Bolivia. It is directly comparable to LuNa as a primary tin smelter serving global tin markets, though it specializes in tin-antimony alloys rather than ultra-high-purity tin.
• Minsur: Minsur is a Peruvian mining company that operates the San Rafael tin mine and the Pisco tin smelter/refinery, making it a fully integrated tin producer. It is directly comparable to LuNa's vertically integrated mine-to-ingot business model.
• Malaysia Smelting Corporation (MSC): MSC is one of the world's largest integrated tin producers, operating tin mining and smelting primarily in Malaysia and Indonesia. It is directly comparable to LuNa as a global tin smelter producing LME-grade refined tin ingots.
• Thaisarco (Thailand Smelting and Refining): Thaisarco is one of the world's largest tin smelters, producing refined tin and tin alloys in Phuket, Thailand. It is directly comparable to LuNa as a non-ferrous tin smelter producing LME-grade and high-purity refined tin products.
• Yunnan Tin Group (China Tin Group): Yunnan Tin Group is the world's largest tin producer, operating integrated tin mining, smelting, and refining in Yunnan, China. It is the most direct comparable to LuNa Smelter in terms of end-to-end tin value chain operations, although at vastly greater scale.

Emerging players

• Alphamin Resources: Alphamin Resources operates the Bisie tin mine in DRC and produces tin concentrate — making it a relevant upstream peer and potential cassiterite supplier for African tin smelters such as LuNa. Comparable as an emerging African-focused tin producer with Great Lakes Region exposure.

Others

• Re Alloys: Re Alloys is a Polish metallurgical company and sister entity of LuNa Smelter under parent Luma Holding. It is comparable as a related metallurgical operation within the same corporate group, focused on silicon metal and ferroalloys, and provides context on the parent group's metallurgical capabilities.

Broad incumbents

• Aurubis: Aurubis is a leading European non-ferrous metals smelter and refiner, processing copper and other metals including tin at its Belgian operations (formerly Metallo Chimica). It is broadly comparable to LuNa as a multi-metal primary smelter/refiner serving global industrial customers.

Regional players

• African Minerals and Geosciences Centre (AMGC): AMGC (formerly SEAMIC) is a Tanzania-based regional organization providing mineral testing, assaying, and training services across East Africa. It is comparable to LuNa's accredited laboratory services as a regional East African mineral analysis provider.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LuNa_Smelter
• Facebookfacebook.com/LuNaSmelter
• LinkedInlinkedin.com/company/luna-smelter-ltd

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LuNa Smelter Ltd