The Ministry of Lands and Mineral Resources in Fiji is tightening its oversight of mining activities, specifically in response to growing apprehensions regarding gold exports and insufficient record-keeping practices. Kalaveti Ravu, a member of the Standing Committee on Natural Resources, brought attention to the export of 16 gold bars valued at $17 million, highlighting an occasion where one gold bar was valued at $1 million. This raised questions about accountability for collecting and verifying export and production data, which the committee believes must be secured from black market influences.
The committee emphasized the importance of transparency in the trading of ores and minerals. Minister Paula Cirikiyasawa has since announced efforts to enhance regulatory oversight following previous mining incidents, including the infamous 2.2 goldmine episode. This involves improving their checklist for inspections prior to exports, where teams will now be required to sample the quantities being exported to ensure compliance.
Moreover, the ministry is revisiting the Mining Act to address longstanding loopholes and has begun consultations with mining companies to adjust their standard procedures for better regulatory compliance. This reflects a commitment to refining processes that safeguard both national resources and economic interests while addressing community welfare.
Interestingly, this initiative aligns with ongoing discussions around mining governance marked by recent allegations from the Fiji Labour Party (FLP) regarding the unauthorized export of gold ore concentrates. The FLP urged for clarity on whether the necessary approvals were acquired before transporting significant amounts of gold ore to Lautoka. While the Ministry refuted claims of illegality, it acknowledged the need for vigilant oversight when handling minerals, especially amid foreign investment interests in the sector.
This situation signifies a pivotal moment for Fiji’s mining industry as stakeholders strive for a balance between attracting investments—particularly from China—and maintaining rigorous regulatory frameworks that protect local interests. Optimistically, these discussions encourage a movement toward transparent practices that benefit both the economy and local communities, potentially ushering in a more responsible and sustainable mining ecosystem.
Leave a comment