Interim Attorney General Aiyaz Sayed-Khaiyum has confirmed that they are still focussing on the proposal put forward by the new Gold Mine company Westec.
Sayed Khaiyum said a decision will only be made after carefully considering the proposal.
Westec Director Brian Wesson has confirmed that a new Canadian company Red Lion is expected to be a major shareholder in the Vatukoula Gold Mines. Wesson said Red Lion is interested to work in partnership with them and will be providing the much needed funding for the operation of the mines.
Wesson said negotiations between the government and Westec company are expected to end this week before the Gold Mines are reopened in the next three months.
