Canadian Firm Signs Bauxite Deal in Underexplored Region of Guyana

By: Caribbean Journal Staff - November 25, 2011

Above: PM Samuel Hinds and CEO Hilbert Shields (Photo: GINA)

By the Caribbean Journal staff

Canadian firm First Bauxite Corporation is hoping to develop a vastly underexplored region of bauxite mining in Guyana’s Bonasika, an area along the Essequibo river with an initial historical resource of 1.6 million tonnes.

CEO Hilbert Shields, Prime Minister Samuel Hinds and Chairman of the Board of the Guyana Geology and Mines Commission Joe Singh signed the agreement with the company.

The area has a life span of 44 years, and could yield bauxite production of 100,000 tonnes on an annual basis.

First Bauxite Corporation has completed a feasibility study and intends to build a mine in 18 months, part of what could be a wave of expanded bauxite production in the country.

President Bharrat Jagdeo also said the Russian Aluminum Company, RUSAL had plans to expand production in the Berbice River to five million tonnes by 2015, and 10 million by 2018.

“That will bring a world of jobs in the Berbice River, and will also have a huge impact in New Amsterdam, because of the logistic for shipping 10 million tones of bauxite versus 1.2 million tones.”

Popular Posts riviera maya resort closing

Hyatt Is Closing This Riviera Maya Resort, With Plans for a Rebranding

Hyatt is closing one of its top luxury resorts in the Mexican Caribbean in a few months, with plans for a rebranding, Caribbean Journal has learned.  The Andaz Mayakoba Resort Riviera Maya, one of a trio of properties in the […]

Frontier Airlines Is Adding Another New Nonstop Flight to the Dominican Republic’s Most Popular Destination: Punta Cana

 punta cana golf dominican republic

The beaches, the all-inclusives, the nightclubs, the beach bars. Punta Cana is the spot when it comes to Dominican Republic travel, and now it’s getting another nonstop route from one of the fastest-growing airlines in the Caribbean.  Low-cost carrier Frontier […]

Travelers Keep Flocking to This Caribbean Island Famous for Beaches, Diving and a Colorful, Historic Capital 

 curacao all-inclusive vacation

The colorful streets of Willemstad. The pristine, uncrowded beaches on the west coast. The party scene at Mambo. The floating bridge. Those Dutch Treat fries. The blissfully refreshing batidos. The unique, authentic hotels, from luxury resorts to dive spots.  Curacao […]

Related Posts Barbados Saint Lucia Flights

InterCaribbean Adding Flights to Barbados, Saint Lucia 

Turks and Caicos-based airline InterCaribbean Airways is adding more flights in the region, Caribbean Journal has learned.  Following the introduction of two new aircraft, InterCaribbean is doubling its flights to and from Barbados.  The airline is also adding more flights […]

Caribbean Airlines Just Launched a New Route to Guyana

 guyana caribbean airlines

Caribbean Airlines has launched the company’s newest route, a nod to the growing business travel demand for Guyana.  The carrier has launched new nonstop flights between Houston, Texas and Georgetown, Guyana, including onward connectivity to Port of Spain, Trinidad.  Guyana’s […]

Caribbean Airlines to Launch Houston-Guyana Flights 

 caribbean airlines guyana

Guyana’s booming oil industry has led to another new route from the United States. Caribbean Airlines is launching a new route to the region, with nonstop service from Houston, Texas to Georgetown, Guyana.  The new route will also include onward […]