Namosi copper/gold mines expected to rake in $1 billion
Namosi copper/gold mines expected to rake in $1 billion
By
fijivillage.com
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.
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