Tuesday 10th December 2019 Font size:

Solomon Islands is seeing a rush of interest in mining exploration.

Tuesday, October 29th, 2019

In the 2 years since the re-opening of Solomon’s only mine at Gold Ridge on Guadalcanal there has been a surge of interest by explorers.

Central Bank Governor, Denton Rarawa says interest centres on gold, nickel and seafloor deposits. Eleven new land-based exploration licenses have been issued and 3 offshore licenses.

Mr. Rarawa says big names that have been attracted to Solomons include Sumitomo from Japan and Newmont from the United States. He says mining is expected to be a significant contributor to the Solomon’s economy this year.

Gold Ridge, with more than 1,000 workers, is now one of the biggest employers. Mr. Rarawa says exploration investment is also significant.

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