28 Feb 2007

Fiji interim government hopes for Vatakoula mine revival

7:52 pm on 28 February 2007

Fiji's interim government says it wants to give the Vatukoula mine a chance of being operational in the future because it's important to many Fijians' livelihood.

The advisor to the Prime Ministers Office Parmesh Chand has confirmed that three companies have already met with the interim Government on the proposals to purchase Emperor Gold Mine shares.

Mr Chand says the government is convinced that there is potential to keep the mine going and would like to work with interested parties to facilitate this process.

He says the government it is keen to facilitate the exit of the Emperor Gold Mining Company.

"It is beneficial to both parties if we can facilitate their exit and for the incoming buyer to come in. What it means for us is that we can continue to have the potential of a mine there, meaning it can potentially re-open once the exploration to be undertaken by the new company proves to be favourable."

Parmesh Chand