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Parliament

Landowners receive mineral extraction royalties

November 21, 2019 11:30 am
Lands Minister Ashneel Sudhakar has told parliament this payment is owed to landowners under the Fair Share of Mineral Royalties Act 2018.

Landowners have been paid over $4.3 million dollars in royalty for mineral extraction.

Lands Minister Ashneel Sudhakar has told parliament this payment is owed to landowners under the Fair Share of Mineral Royalties Act 2018.

Over $1.1 million dollars has been paid to 3 iTaukei Landowning units.

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Sudhakar says foreshore development leases, mining leases, and gravel extraction licenses generate income for landowners and help grow the economy.

The minister confirms more payments will be made in the coming months.

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