Amex second shipment in November
Amex Resources Limited is expected to export their second shipment of magnetite concentrate in mid-November. This was confirmed yesterday by the company’s general manager, Alivereti Tuidravuni.
The first shipment left for China towards the end of August and future shipments depended on production.
Mr Tuidravuni said with production, they were looking at mid-November for the second loading. The export prices for each shipment would be impacted by the sale of the mineral by New Zealand as they were the most established exporter of ironsands, having being in operation for over 40 years. Earlier Mr Tuidravuni had said the iron content of the shipment including impurities were extremely important to the final price achieved but like the majority of bulk commodities would fluctuate with the global price. Amex’s productions and shipments over the next 12 months were to demonstrate to the off-take buyers Fiji could be a reliable supplier of ironsands both from a quantity and quality perspective.
The company was hoping for 15 shipments per annum with the frequency of the exports solely dependent on the production. Meanwhile in a full page advertisement in this newspaper on September 7, Amex has denied contents of a video clip which was titled ‘Heartless Mining’.
Contents of the clip included the report saying those who owned the customary fishing rights from Votua and Nawaqarua at the mouth of the Ba River did not know the documents they signed with the company as it was written in English.
The company has denied this saying the three ‘turaga ni yavusas’ who signed the document was written in the itaukei language and endorsed by the assistant rook of the Ba Provincial Council.
The company said the information form the clip was one sided and “extremely biased.” Mr Tuidravuni reiterated the company’s comments on the advertisement and could not comment further other than that.