FOUR foreign mining companies are currently eying Gold Ridge Mine with interest to re-open the defunct mining operation. Chairman of Gold Ridge Community Investment Limited (GCIL),a local partner in the mining operation,Walton Naezon said the prospect ahead is to select a potential bidder and re-start mining operations again hopefully by early next year. The mining…
WORLD Bank has approved an additional funding of USD$1.5 million (SBD$$12 million) that will ensure the Rapid Employment Project (REP) continues for another year until December 2016. The additional assistance is made up of US$0.5 million from the World Bank’s International Development Association, and US$1 million from the Crisis Response Window – the World Bank’s…
Cancels provincial business licence RENBEL Province has cancelled Asia Pacific Investment Development Ltd’s (APID’s) Provincial Business Licence, effectively pulling the plug on any hopes by the company to develop the province’s rich bauxite deposit on West Rennell. Premier Colin Tesua confirmed yesterday the Renbel Provincial Executive Council took the unilateral action on Wednesday last week…