$ 196,000 in mineral royalties – FBC News

The Nasomo Landowners Trust received payment of its mineral royalties from Vatukoula on Friday.

This is the 13th and 14th combined payments of mining royalties since 2018.

Lands and Mineral Resources Minister Jone Usamate said this payment is the result of gold and silver mined under Nasomo Land from June to November 2021 valued at around $ 196,000.

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Usamate says the money will be distributed among 123 members of the Nasomo Landowners Trust.


“Today’s event is a reflection of your government’s foresight in securing the socio-economic empowerment of all Fijians and more specifically in this case, landowners and land units that contribute to national economic development. by supporting and facilitating mining development projects on their lands. “

Usamate adds from 2018 to date approximately $ 1.08 million in mineral royalties has been paid to the trust.

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