The Leader of the Official Opposition Hon. Manasseh Sogavare MP, says the Prime Minister has misled the public by announcing that licences for all gold dealers have been cancelled, when in fact no lawful cancellation process appears to have been invoked and gold dealer licences remain in operation under the law.
Hon. Sogavare said, under the Mines and Minerals Act, a gold dealer’s licence is valid for one year from the date of issue and may be renewed on payment of the prescribed fee. The Act also states that a gold dealer’s licence may be cancelled by the Minister if the licensee is convicted of an offence which, in the opinion of the Minister, renders the licensee unfit to hold the licence.
More importantly, the Act provides a general legal process for suspension or cancellation by the Minister: the Minister may suspend or cancel a permit, licence or mining lease only in the event of contravention of the Act, material breach of licence conditions, or insolvency-related events, and before exercising that power the Minister must call upon the holder to show cause within a reasonable time why the rights should not be suspended or cancelled.



