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.