MINING HAS ECONOMIC POTENTIAL FOR SOLOMONS: WORLD BANK

Chris Sheldon at Gold Ridge. Photo credit: World Bank.

Chris Sheldon at Gold Ridge. Photo credit: World Bank.

The mining sector has the potential to deliver positive development to Solomon Islands’ economy and improve the lives of people according to World Bank.

Speaking at a National Mining Forum in Honiara World Bank’s mining manager, Christopher Sheldon said mining can improve livelihoods and help share wealth.

Mr. Sheldon said stakeholders need to work together to address concerns over environment damage, lack of shared benefits and policies.

He said there needs to be dialogue and cooperation between landowners, companies and government and policies need to be in place and regulated by the government.

Meanwhile, Mr. Sheldon said government needs to take the first step towards wider reform in the sector by finalising the National Minerals Policy.

He adds, the World Bank, with support from the Australian Department of Foreign Affairs and Trade, will provide some support to the Ministry of Mines, Energy and Rural Electrification, through capacity development and advice.

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