The Mineral Industry Of Other South Pacific Islands - British Solomon Islands (948c4a57-0485-44f0-8c54-7e4563c76591)

The only reported mineral production in 1977 was small output of alluvial gold, valued at an estimated $54,320.2 In addition, marine shells are gathered for use in lime manufacture, although output was not reported. Proposed development of a bauxite mine and smelter, involving Rennell and Vaghena Islands, was deferred in June. Conzinc Riotinto of Australia Ltd. (CRA), in partnership with Mitsui Mining & Smelting Co. Ltd., and the Solomon Government, with- drew from the project, and Mitsui, which conducted a feasibility study and metallurgical testing of the bauxite, decided to defer further work because of slack demand for aluminum in Japan and difficulties in arranging financing. The Mitsui feasibility studies reportedly indicated that the project could be viable despite technical difficulties and relatively high initial investment costs. The project was to produce 1.5 million tons of bauxite and 600,000 tons of alumina per year from reserves totaling 60 million tans at 45% to 50% A1203.