Rennell/Bellona provincial government has recently passed a new ordinance for investors to meet a bond payment of $1.5 million for mining companies, logging contractors to pay $750,000.00 and their licensee $550,000.00.
This was revealed by provincial secretary (PS) Rubin Ngiumoana.
He said they have to apply this new law on companies that invest in Renbel because many of these investors never pay any fee to the province.
“Despite continuous call to them they never listen.”
He said this ordinance will ensure investors live up to their dues, which is a compulsory legal requirement for any company wishing to invest in Renbell province.
“We are hoping companies will comply with this new decree.”
|By AATAI JOHN