Shine A Light: How Our Mahogany Acquired High Debts
The absence of a stable international mahogany market led to accumulated debt recorded by the Fiji Hardwood Corporation Limited (FHCL) in early 2000.
In 2008, the company had a debt of $20 million. Harvested mahogany timber products had no overseas market at the time. Regardless, under the Soqosoqo Duavata ni Lewenivanua (SDL) Government, commercial logging operations continued.
Commercial harvesting began in Nukurua, Tailevu, in 2003…to read the full account from our Shine A Light Investigative Reporter and Editor Ivamere Nataro by subscribing to the Fiji Sun e-edition.
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Feedback: ivamere.nataro@fijisun.com.fj
- Shine A Light is the Fiji Sun Investigative Project
