Fiji government earns a pittance from Bauxite mining

Mineral Resources director Malakai Finau makes a presentation. Picture: SOLOMONE RABULU

Mineral Resources director Malakai Finau makes a presentation. Picture: SOLOMONE RABULU

Bauxite Mining

Vuniwaqa Bola-Bari | The Fiji Times

GOVERNMENT has earned about $1.2million from about $40m that the Chiping Xinfa Huayu Alumina Co. Ltd receives from selling bauxite.

This is about three per cent of the total amount after tax, which is received through the Mineral Resources Department.

This amount is then shared between Government and landowners once a formula for a fair share is determined by the State.

Since mining began at Nawailevu in Bua two years ago, Mineral Resources Director Malakai Finau said, they received $1,229,994.48 from the company as of August 20 this year.

Mr Finau told the Standing Committee on Natural Resources yesterday that this was the provision of the Mining Act with regards to bauxite.

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Filed under Fiji, Financial returns

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