Axiom Mining has had its appeal against the withdrawal of its mining licences dismissed.
In April last year the Solomon Island Government stated that a prospecting licence granted to Axiom and its joint venture partner Sumitomo was not valid following the sacking of the mining minister.
A statement issued by the country’s prime minister’s office disputed the validity of the prospecting licence, stating that the circumstances around its issuing are very suspicious.
However, the miner hit back, saying that the “statement is inaccurate and misleading”.
Axiom went on to deny the “statements which allege any irregularity with the issue of the Letter of intent and the Isabel Prospecting Licence as the Axiom is supported by the Landowner Trustees".
The miner appealed against the interim injunction on mining at the site as the court case and investigation continues.
According to Axiom "the basis for the dismissal is that Sumitomo’s undertaking to damages is an adequate remedy and that there are issues to be tried".
The judgrment also recommended that the case proceeds to Preliminary Questions for determination as soon as possible, and set five consecutive days from 22 March for the proceedings.
The licences were for the Isabel nickel laterite projects on Santa Isabel and San Jorge islands.