11 Feb 2014

Ironsands firm expects to create 300 jobs in Fiji

12:03 pm on 11 February 2014

Three hundred jobs are expected to be created when Amex Resources Limited will begin full operations in Fiji.

The managing director of Amex Resources Limited, Matthew Collard, said positions offered by the company, are expected to be filled by next Thursday, when the construction of the more than US$106 million ironsands stockpiling site begins in Lautoka.

He told Fiji Village that the stockpiling site is multi-faceted and will take 18 months to construct.

He said among the works is the construction of a 180 metre long enclosed stockpile shed which will have the capacity to store up to 75,000 tonnes of ironsand concentrate from the Ba River.

Mr Collard said Amex aims to export 750,000 tonnes per annum of ironsand to China once the stockpile shed is built.

He confirmed the company has already signed a 10 year off-take agreement with a large State Owned Entity in China for two thirds of its scheduled production.

Meanwhile the Director of Mining Malakai Finau says the export of ironsands is expected to bring millions of dollars to the Fijian economy.