Fiji has the opportunity to enhance its GDP growth by focusing on the mining sector, according to Dr. Kishti Sen, ANZ’s senior economist for the Pacific. During a recent media roundtable in Suva, Dr. Sen noted a significant copper discovery in Namosi, which is currently leased by a well-known global copper producer.
He questioned what obstacles are preventing Fiji from bringing this resource to the international market. “There’s a strong push for diversification,” he stated. “It’s essential for Fiji to reduce its reliance on tourism and foster other industries that can support GDP growth, and I see considerable potential in mining, particularly because copper is a vital metal.”
Dr. Sen emphasized that copper will play a key role in future electrification trends and will remain in demand for many years. He urged for more collaboration among stakeholders to explore opportunities for harvesting and exporting this resource effectively.
He mentioned that the Namosi project represents just one discovery and that there could be additional prospects to explore. Dr. Sen reassured landowners that resource development is ultimately for their benefit and highlighted several ways they can engage with and benefit from the mining projects.
“Landowners can participate in various ways, such as taking equity ownership in projects, which can ensure the success of the venture throughout its lifespan,” he stated. Additionally, he noted that the government is prepared to support landowners in amending the Mining Act to ensure fair compensation.
Dr. Sen highlighted the importance of involving landowners in early project discussions, asserting that if they are included from the beginning and recognize the benefits, they are likely to support the initiatives. Furthermore, he stressed the need for responsible environmental practices in mining operations, particularly concerning waste disposal, to successfully launch projects.