June 25, 2017

Guyana bauxite review report to be completed by May

Natural Resources Minister, Raphael Trotman

Natural Resources Minister, Raphael Trotman

The review of the bauxite industry, which was commissioned last year in observance of its centennial, is set to end soon.

Natural Resources Minister Raphael Trotman, during a recent outreach in Region 10 (Upper Demerara-Berbice), said the report on the review was expected to be completed before the end of May.

“We are currently reviewing the industry to see where our reserves are and the future of the industry,” the Minister said. The review also “includes a decision as to whether or not we should have another alumina plant in the country”.

Minister Trotman said the review was being conducted by Lance Carberry and Sylvester Carmichael, two veterans within the industry. The Government is already considering fuelling the alumina plant with the natural gas that has been found, along with oil, in the Stabroek Block offshore Essequibo.

Guyana celebrated 100 years of bauxite mining in October 2016. There are two bauxite-producing companies in Guyana, Bosai and Rusal.  The decreased world demand for the mineral prompted the Government to carry out the review of the industry.  According to a Government Information Agency (GINA) report, the review is also a manifesto promise of the Administration. It will help to determine the future plans for the industry.