Mineral pact inked for Bonasika bauxite mine

Prime Minister Sam Hinds (left) with Hilbert Shields of First Bauxite Corporation yesterday. (GINA photo)

First Bauxite Corporation says it is moving towards acquiring the necessary funds to commence construction of a bauxite mine at Bonasika, in the Essequibo River, early next year.

This was disclosed yesterday by the company following the signing of a multi-million dollar mineral agreement with the Government of Guyana at the Office of the President.

CEO of the Canadian Company Hilbert