Joanne Vaetiti | Fiji Times
THE global recession has continued to affect bauxite export with no shipments departing from our shores since last year.
XINFA Aurum Exploration (Fiji) Ltd yesterday confirmed the drop in global demand had continued to affect export.
Company executive Derek Qiu said they hoped to begin exporting this year though he could not confirm a date.
The company only exported two shipments last year.
Mr Qiu said China was the biggest buyer of bauxite.
“Because of the global economy recession, the bauxite mining demand went down,” he said.
Mr Qiu added mining works was still in progress despite the low demand from the market.
Despite the global effect, Mr Qiu added the company focused on its rehabilitation work in Nawailevu, Bua.
He added they had planted 50,000 pine trees so far in the area, and were nursing 150,000 seedlings.
Fiji has exported $48million worth of bauxite so far from the shores of Bua.
