Gold miner St Barbara has confirmed that it is in discussions with the Solomon Island government about the possible divestment of the Gold Ridge mine.
The company said at the end of last week that it was in negotiations for the possible transfer of ownership of the Gold Ridge mine to the government.
Operations at the mine remained suspended, after staff were evacuated earlier this month on safety fears.
Mining at Gold Ridge was first suspended in April this year, and personnel were evacuated following torrential rains that caused significant damage to infrastructure.
St Barbara subsequently dealt with immigration issues after the Solomon government advised the miner that expatriate officers and managers would not be allowed to return to the Solomon Islands, without giving a reason for the order.
In June, the gold miner reached an agreement with the local government that saw the immigration ban being lifted, only to be confronted with illegal miners at the site.
To date, St Barbara had been unable to resume production at Gold Ridge owing to a number of factors, including the loss of stable bridge access across the Tinahulu river, and the continued presence of a large number of illegal miners camped in the openpit area.
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