The Vatukoula Gold Mines in Fiji has announced Canadian Zinc as its new major shareholder as it looks at restoring the mine to historic production levels.
Vatukoula Gold Mines chief executive, Dave Paxton, told the Fiji Times that are were looking forward to a productive period ahead.
He said they are considering the possibility of a dual listing in North America which they believe would add value to the company.
Mr Paxton, who recently visited Fiji, said Fiji's interim Government had continued to be supportive of the company and its efforts.
He said members of the interim Government visited the mine to discuss the mines progress to date.
He said onsite operations was progressing as expected.
Mr Paxton said the mine had increased its pumping capacity, the generating had been increased which had provided standby capacity, albeit at current production levels.
He said the company has also ordered for eight refurbished underground units including four trucks and four loaders.
