$招金黄金(SZ000506)$ 过往多年公司股东一个子的分红都没得，何总吐槽中。
MINING is not making any profit in Fiji, says Vatukoula Gold Mine Pte Ltd vice chairman Ian He.
Speaking at the review of the Mining Act 1965 and Quarries Act 1939 in Tavua, Mr He said mining companies would continue to struggle if certain regulations were not changed.
“The high risk success rate for exploration projects is one per cent and that means for every 100 exploration projects, only one will be successful,” he said.
“And each exploration project costs millions of dollars to conduct. For example, we spent $15million for the exploration of Mount Kasi, and at this stage we are not sure if we can find minerals there.”
Mr He said the second issue was that mining required a high capital investment from interested companies.
“Since starting in 2008, Vatukoula Gold Mine has invested $700million.
“From 2015 to 2024, the company paid $340million in salaries, including superannuation contribution to the Fiji National Provident Fund.
“We also have paid more than $10million in taxes to the Government.
“The company itself has lost $140million.
“We have not made any money over the last few years.”
He said the company had not been able to pay any dividends to their shareholders for the past few years.
“The shareholder did not even receive a single dollar in dividend payment over the last few years.
“Who should complain? It should be us because the employees are receiving money, the community is receiving money, and the Government is receiving money, but the shareholders aren’t.
“We are the only losers in this whole game.”