Guyana’s bauxite industry is set for major growth, this year, with new reserves and investments. This is according to Minister of Finance, Dr Ashni Singh in his 2024 budget presentation on Monday.
During the announcement, the importance of the bauxite sector in the medium and long term was highlighted. Singh noted that despite facing challenging market conditions in 2023, active measures have been taken to alleviate costs, expand the product range, and boost production. These efforts are predicted to bring about a significant turnaround in the bauxite industry in 2024.
