Solomon Islands prime minister Manasseh Sogavare says his new government is prioritising productive sector reforms including new mining legislation.
Mr Sogavare told the Solomon Star the decision was taken in light of the country having recently been caught in a very awkward situation over mining issues.
Earlier this year a cargo ship ran aground on a reef off of Rennell while trying to load bauxite from a mine on the island.
It eventually spilled hundreds of tonnes of heavy fuel oil into the ocean causing one of the worst man made disasters in Solomon Islands in recent times.
The whole saga has revealed inadequacies in Solomon Islands mining law when it comes to holding mining companies accountable for environmental disasters caused by their operations.
In the Rennell case, the mining company Bintan Mining continues to deny liability for the spill and has said it would be suing the ship's owner.
Manasseh Sogavare said his government is committed to delivering new legislation for the mining sector as part of a larger aim to build a broad-based and environmentally sustainable economy.
Mr Sogavare said he hopes the new law will create a robust and conducive local mining sector that can attract good investors.