LuNa Smelter Ltdhas taken over the operations of Karuruma Tin Smelter, whose activities had stalled for a long time following the failure by the previous investor, Phoenix Metal Ltd, to run it.
Luna Smelter is the parent company of Ngali Holdings and Luma Investmenta Polish-based venture firm.
Fabrice Kayihura, the Acting Managing Director of the new firm, told The New Times that their main focus is to create a sustainable industrial plant, unique for the Central and East Africa region.
He said their ambition is to become a leading African conflict free tin supplier.
Luma Investment, the majority shareholder with 75 per cent of shares, with experience in privatisation, business restructuring, finance and banking where it has executed meg…
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