Namosi copper/gold mines expected to rake in $1 billion
Namosi copper/gold mines expected to rake in $1 billion
By
fijivillage.com
Thursday 21/10/2010
The Lands Minister has confirmed that based on extensive surveys and research the Namosi Copper and Gold Mine area is expected to deliver an annual income of about $1 billion a year within the next few years.
Netani Sukanaivalu said they have now ascertained that the mine will be the largest in Fiji based on the indications of the copper and gold deposits found in the Namosi area.
He confirmed that all the land related issues have also been resolved and the mine is fully operational again.
Sukanaivalu said the returns from the Namosi and Vatukoula mines will be huge.
He said these huge returns from gold and copper is expected to flow into the economy within the next four to five years.
No injuries have been reported after a pilot and six other passengers were unharmed in the Yasawa Aerodrome incident that took place yesterday.
Th...
5 minutes ago
Christmas celebrations will not be the same for the Koya family at the Muslim League Settlement in Nabua, as they are worried about their ...
9 minutes ago
You are the type of people we can depend on during a crisis and we thank you.
Minister for Disaster Management Sakiasi Ditoka highlighted this ...
3 hours ago
A Heavy Rain Alert remains in force for the whole of the Fiji Group.
The Nadi Weather Office says a Northerly wind flow prevails over the country ...
3 hours ago
It was a significant moment for Ratu Peni Tikomailepanoni of Raviravi Settlement in Bua, Joji Sokowasa of Nadavaci Village in Cakaudrove, and ...
3 hours ago
Police are seeking assistance in locating 33-year-old Amit Kumar of River Road, Narere who was reported missing yesterday.
He was last seen ...
4 hours ago
The Swire Shipping Fijian Drua are keeping in tradition with their previous pre-season training and will be in Kadavu till Friday afternoon.
The ...
2 days ago
The 7.3 magnitude earthquake, which struck at a depth of 57km, occurred 30km to the west of the capital Port Vila at 1.47pm, according to the US ...
3 days ago
Minister for Tourism Viliame Gavoka confirms that 5 guests have been discharged following an alleged spiked cocktail incident at Warwick ...
6 days ago
