Amex Resource Limited, a company exporting iron sand and based in Lautoka, West Fiji, is experiencing improved fortunes following years of struggle. The company is currently overseeing a three-day loading operation for a second batch of iron sand set for China this year, the size of which is estimated to be roughly 50,000 tonnes.
Alivereti Tuidravuni, the general manager, credits the turnaround to refined management and equipment optimization. International collaboration has significantly improved the skill set of Fijian employees, particularly through the contributions of Chinese experts with experience in constructing dredging vessels.
Technical job positions are currently open, as disclosed by deputy general manager Akesh Sharma. The company has a workforce of approximately 100 employees.
Despite successful production, Australian shareholders remain discontent with the current performance, arguing the rate of production is not delivering profitable returns. This has prompted an increase in capital and technological investment, including the invitation of mining specialists to map out a three-phase technological enhancement strategy. The first phase, involving an advanced hydraulic cyclone device to boost production efficiency, is set for testing within the next two months.
Australian investors have demonstrated their faith in the company with a $1.1 million investment for a second dredging ship from China. This vessel is currently en route to Fiji. Upgrades are expected to accelerate shipping frequency and boost production rates.
Amex acknowledges falling short of investor expectations, however, it remains encouraged by their financial support and the push to perpetually update equipment and refine technologies. The company has recently recruited more workers for equipment installation and commissioning, mostly new purchases and spare parts imported from China or New Zealand.
The company continues to seek experienced technical specialists, following issues synchronizing new imported electronic modules with two generators due to software iterations. Mr Tuidravuni explains this challenge, similar to phone systems requiring regular system updates, needs the expertise of trained electrical engineers.