The Government is negotiating with foreign investors to buy the Gold Ridge Mine on Central Guadalcanal from the Australian mining company, St Barbara.
The mine has not been operating since St Barbara pulled out from there in April following the flash floods.
Special Secretary to the Prime Minister, Dr Philip Tagini who is responsible for the sale, says consultants are being sought to prepare cost analysis.
He has told Radio New Zealand International that a consultant to prepare the cost analysis has been identified, but a consultant to prepare profitability and viability is still being sought.
DrTagini says once acceptable financial analysis is put together a sale price will then be publicized overseas.
– By George Atkin
