The Solomon Islands Government says a prospecting licence granted to Axoim Mining is not valid after the minister was sacked.
According to the ABC, 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 has 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 requested suspension from trading today “to finalise negotiations”.
The Solomon Island Government is launching an investigation into the licences, saying that it is aiming to identify the actual customary landowners.
The licences are for the Isabel nickel laterite projects on Santa Isabel and San Jorge islands.