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Mining operation allegedly owes millions in taxes and royalties in Solomon Islands
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A mining operation in Solomon Islands owes millions in unpaid taxes and royalties, according to a former senior government figure, with a report showing that the mining companies had not paid taxes or royalties on one-third of their exports over the last five years.
According to a summary of a royalty payments report into mining on West Rennell Island from the Central Bank of Solomon Islands, seen by the Guardian, the Asia Pacific Investment Development (APID) company and its subcontractor Bintan Mining Solomon Islands Ltd (BMSI) have paid royalties for only 67 of the 100 shipments of bauxite ore exported during their operation.
The report’s executive summary noted that APID and BMSI had been exporting bauxite ore, which is used in the
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