Production up, review of bauxite sector set
The Ministry of Natural Resources and the Environment will host a strategic review of the Bauxite Sector in Linden tomorrow in the backdrop of higher output last year.
A release from the Ministry of Natural Resources said that the review will feature presentations by Bosai Minerals Group (Guyana) Inc. and Bauxite Company of Guyana Inc. (RUSAL). There will then be an interactive session with the Guyana Geology and Mines Commission to discuss environmental commitments and compliance with Mining Regulations.
The ministry said that in 2012, bauxite production rose from 1,827,555 metric tonnes in 2011 to 2,034,811 metric tonnes at the end of November 2012, an overall increase of 25.7 percent relative to the 1,618,483 produced for the period January to November 2011.
The ministry added that the Bauxite Company of Guyana Inc. produced 1,416, 287 metric tonnes of bauxite in the period January to November 2012, 5.9% more than that produced for the whole of 2011 (1,337,057 metric tonnes).
Bosai Minerals Group (Guyana) Inc. (BMGGI) produced 618,524 metric tonnes between January to November 2012, 26% more than for the whole of 2011 (490,498 metric tonnes). Bosai has announced that it will invest close to US$100M to expand its operations this year.
Minister of Natural Resources and the Environment, Robert Persaud, senior management of the Guyana Geology and Mines Commission and top executives of Bosai Minerals Group (Guyana) Inc. and Bauxite Company of Guyana Inc. will be present at the forum.
The forum will be held at 11 am at Watooka House, Linden.