$2m in mineral royalties given to landowners
26 April, 2019, 1:09 pm
UNDER the Fair Share of Mineral Royalties Act 2018, $2 million has been given to landowners — Vatukoula, Nasogo, Naibulu and Nawailio — last year, says Mineral Resource Department acting chief environment officer Sereima Koli.
She reminded the landowners that 80 per cent of the royalties was owned by the landowners and 20 per cent was owned by the Government.
“This was a result of the mining that has been done in these places which has helped in raking in income for the landowning units,” she said during the Fiji Land Bank landowners trustees workshop yesterday.
She said the Mineral Resources Department’s target was for mining that was being carried out to not only benefit them, but also those in the future.
“We have the responsibility to ensure that we assist on the fair share of royalties from mining to help both the landowners and the Government as well,” Ms Koli said.