5 Aug 2010

Fiji's Ministry of Lands and Mineral Resources seeks proposals for exploration

10:53 am on 5 August 2010

Fiji's Ministry of Lands and Mineral Resources has invited interested parties to tender proposals for exploration and development of the Mount Kasi Mineral prospect.

In a government release, Permanent Secretary Lieutenant Colonel Neumi Leweni says at least 12 companies have declared an interest so far.

He says there's potential for profit due to the significant higher gold prices now then when the mine was last in operation back in 1998.

A copy of the tender package together with historical reports on Mount Kasi is available upon application with a fee payable of 50 US dollars.

Lieutenant Colonel Leweni said, that tenement granted to the successful bidder will not be a mining lease but rather a prospecting or exploration license.

Applications need to be received by August 31.