China digs deeper into Fiji’s resources sector…
Chinese companies are increasing their investment in Fiji’s mining and construction sector.<!--more-->Last week the Fiji government’s lands minister Netani Sukanaivalu issued a lease to Aurum Exploration (Fiji), effectively giving the company legal control over the 165 acres of land, which it will mine for bauxite, provided no public objections are raised over the next month or so.
This is the first of several leases to be issued under the recently announced Land Use Decree 2010 and the Land Use Regulations 2011. This is also the first time that bauxite ore, from which aluminium is manufactured, will be mined in the country.
China’s rapid economic growth rate is fuelling the growth of the mining industry around the world including the Pacific islands. Incidentally, minister Sukanaivalu has since resigned as Fiji’s lands minister.