AVQ 0.00% 2.5¢ axiom mining limited

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    OFFICE OF THE PRIME MINISTER AND CABINET

    GOVERNMENT COMMUNICATION UNIT

    MEDIA RELEASE 21-03-16-GH

    GOVERNMENT WELCOMES COURT OF APPEAL DECISION ON MAJOR MINING BATTLE

    The Democratic Coalition for Change (DCC) Government today welcomes the Court of Appeal decision on an appeal brought by SMM Solomon LTD, a subsidiary of Sumitomo Metal Mining LTD of Japan.

    The Court of Appeal upheld most of the important appeal points raised by SMMS which effectively dashed any hopes by Axiom KB Ltd to mine nickel ore on Takata and San Jorge Island in Isabel Province.

    “My government welcomes the Court of Appeal decision today and looks forward to working with relevant stakeholders to ensure the development of nickel mining in Isabel benefits every stakeholder,” Prime Minister Manasseh Sogavare said.

    With the legal battle now out of the way, the Government through the Department of Mines can now start the process of ensuring a reputable mining company develop the nickel project in Takata and San Jorge.

    The legal case between SMMS and Axiom KB Ltd was one of the longest and most expensive cases in Solomon Islands legal history.

    ENDS///
 
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