AP Investment associate calls for investments on Renbel bauxite

An associate of Asia Pacific Investment Development (APID), Henry Star Dora says the Renbel Government and people should encourage investment of the Renbel bauxite.

He made the statement in Honiara yesterday following the recent revocation of a mine prospecting license and a mine lease granted to an Indonesian Mining Company, PT Mega Bin tang Borneo Ltd to undertake mining prospecting on Rennell by the Mines and Minerals Board.

Mr Star Dora said Asia Pacific Investment Development which is keen to tap the multi-million bauxite deposit on Rennell is serious about putting more money on the island.

But he said the provincial government and the landowners must accept APID to carry out bauxite prospecting on Rennell, adding once agreement is reached between them and the investors, the province should start generating some tangible revenues.

Asia Pacific Investment Development does have a prospecting license covering Central Rennell.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.