Investment plan pivotal for bauxite-rich Block 37

– stakeholders

Stakeholders say bauxite-rich Block 37, which was recently withdrawn from Chinese company Bosai, should not be granted for exploitation until an investment plan affording maximum benefits for Guyanese is submitted.

During the recently concluded 2014 budget debate, Natural Resources Minis-ter Robert Persaud told the National Assembly that government has decided to retain Block 37 as opposed to granting Bosai Minerals Group Guyana Inc. (BMGGI) the deposit’s concession contract, as per previous intent.

The minister said the decision was taken after Bosai adjusted its business plan and investment proposal. Talks of granting Bosai the concession started as far back as 2007 when then President Bharat Jagdeo had said the mineral-rich deposit would be granted to the company with intentions to develop Block 37,  …..To continue reading, login or subscribe now.

Join the Conversation

After you comment, click Post. If you're not already logged in you will be asked to log in or register.

The Comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit/delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity. We moderate ALL comments, so your comment will not be published until it has been reviewed by a moderator.