quickly!!!!, page-110

It’s no wonder SMM have no support, apparently they are offering the landowners 1.2% of the profits
Solomon Islands Online 10 April 2013
But clearly, SMM also wants something in return and that is to rip off the land and obtain the resources that are beneath to maximise its gains, profits and increase shareholders values. Let’s take another moment to look at another fact regarding the proposed mining tax policy of the SI- government which shows that the royalty rate for all minerals consolidated of export duty to be paid at 3% of the gross sale or 3 cents of a dollar. Out of that 3%, 1.5% will go to SI-Government, 1.2% for distribution to Landowners (9-12 tribes of the tenement area) subject to 10% withholding tax and then 0.3% is for the provincial government. The mining lease holder (Company) will then be comfortable with 97% of the gross sale to cover its expenditures and then make supernormal profits.

Full story:
http://www.solomontimes.com/letter/4226