Daily Archive: Friday, May 13, 2022

Articles published on Friday, May 13, 2022

Manufacturing paper at the CCI East Bank plant

CCI’s paper recycling plant permanently closed

Caribbean Container Inc (CCI) has disclosed in its recently released 2021 Annual Report that despite a harrowing operating year in 2021, the company’s operations nonetheless recorded a gross profit of $445 million, a 1.7 per cent increase on its gross returns for 2020.

Diesel prices up again

More than a month ago, the government had announced the removal of the excise tax on fuel and this led to a decline in prices, however, as of yesterday there has been another rise particularly in relation to diesel. 

Ghana’s President Nana Akufo-Addo (C) speaks to Chinese leader Xi Jinping (not pictured) during their meeting at the Great Hall of the People in Beijing on Sept. 1, 2018. (Nicolas Asfouri/AFP/Getty Images)

China’s voracious bauxite appetite exposing Ghana’s environmental fragility

What, reportedly, is an agreed US$10 billion dollar payback to Ghana by the People’s Republic of China for Bejing’s rights to mine bauxite in the country’s 200-odd square kilometer environmentally important Atewa Range Forest Reserve, continues to encounter fierce pushback from a swathe of international environmentalists and pockets of ordinary Ghanaians notwithstanding evidence that the project appears to have the backing of the government of the country’s Head of State, Nana Akufo-Addo.

Keith Rowley

Idle Trinidad methanol plant may be restarted

By Curtis Williams (Trinidad Guardian) With high global prices for petrochemicals and government urgently needing money from the energy sector the Keith Rowley administration has told one of the world’s largest methanol producers it wants all the downstream plants up and running and there is now hope that the idle Titan plant could restart later this year.

Stock Market Updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 966’s trading results showed consideration of $52,989,751 from 156,479 shares traded in 35 transactions as compared to session 965’s trading results which showed consideration of $75,556,170 from 151,306 shares traded in 30 transactions.

Kitco Market Data

Gold Prices for the three day period ending Thursday May 12, 2022Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.