sex hikayeleri interior desing escort fethiye escort denizli porno hikaye kredi kartı borç sorgulama sitesi yayında ziraatbank borç sorgulama
BUSINESS NEWS
June 14, 2012 12:00:00 AM
  Follow @ Twitter

Australian mining company Amex Resources will spend $75 million in Fiji on its iron ore extraction project.

The total investment on the project to extract iron ore from the Ba River delta sand will be close to $150 million.

Fiji’s Prime Minister Commodore Voreqe Bainimarama announced the investent while issuing a new mining lease to Amex Resources Limited today.

Bainimarama said the project will employ an estimated 300 full-time and 50 short-term Fijian workers.

“As Fiji’s economy continues to expand, reviving old industries and developing new ones, it is important to ensure these operations run with the outmost transparency, accountability and an eye towards future development,” he said.

Bainimarama said following the successful launch of Fiji’s first bauxite mining in November 2011 and well maintained management, the decision to welcome Amex onto our shores was made after informed deliberations and tested experience.

As part of the long-term sustainability plan to remove rich deposits of iron sand, Amex will dredge mineral sand from the Ba delta, extract the iron ore content, and put the tailings back into the delta.

The extracted iron sand will be barged to Lautoka, where it will be uploaded, washed and stockpiled.

Bainimarama said in addition to the positive economic impact, the dredging will also help avoid future flooding.

Amex Resources Ltd managing director Kenny Zhang said the issuance of lease will strengthen Fiji and China ties.

By Ropate Valemei

Wiggle


PREVIOUS STORY
FHL increases stake in Blue Lagoon Cruises
NEXT STORY
FRCA to assist Govt in gambling tax

Bookmark and Share
   




FIJI NEWS
'No word from commission on vacant MP seats'The Fijian Parliament Secretariat is still to hear back from the Electoral Commission on the appointments to fill the two vacant seats in the house ahead of the two-week sitting in May.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
$5000 boost to assist diabetes awareness programVodafone Fiji ATH Foundation has stepped in with financial boost to assist the Lions Club in their Diabetes Awareness program.
HEALTH/FITNESS
$5000 boost to assist diabetes awareness programVodafone Fiji ATH Foundation has stepped in with financial boost to assist the Lions Club in their Diabetes Awareness program.
SPORTS
$5000 for Pac Games 2015 athletesTeam Fiji's athletics contingent preparing for the Pacific Games received much needed funding boost today from Bank South Pacific.
ENTERTAINMENT
The Chemical Brothers new album Born In The Echoes out July 17The Chemical Brothers, the undisputed masters of transcendent electronics, return with Born In The Echoes on July 17, their first studio album since 2010’s Further.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS