Serafina Silaitoga | The Fiji Times | November 23, 2016
A LARGE sum of the premium payment of $1.8 million for the third bauxite mine in Bua will be invested.
Members of the yavusa Maururu of Nadua Village and landowning unit of the new bauxite mine at Wainunu have agreed to invest most of the funds for their future generations.
Yavusa head Inosi Masivava said they were working with the iTaukei Land Trust Board about these issues.
“We will invest $1m and we have discussed options for investment, but it has to happen because our decisions today will have an impact on our future generations,” he said.
“All 22 members of our yavusa have agreed to this because we know that investing money increases our savings.”
Apart from the investment fund, the yavusa has also set aside $600,000 for improved housing project.
Mr Masivava said a few members had already built, extended and refurbished their houses in the village.
“We could not do this in the past because our income was limited and we could only pay the bills, buy food and take care of other expenses,” he said.
“But now we are seeing a big difference and fast change to our daily living with parents being able to build new toilets and bathrooms.
“It’s encouraging and great to see the positive changes happening within our yavusa, especially with our members.”
Mr Masivava said bauxite mining would not begin anytime soon.
“It will happen on our piece of land, but we have been advised that it will happen later.”