With positive trends and increasing demands for Guyana’s bauxite, the Natural Resources and Environment Ministry on Monday announced the creation of a Bauxite Development Unit within the Guyana Geology and Mines Commission (GGMC). The unit has been mandated to coordinate, oversee, and assist in making recommendations relating to all aspects of the economic, social, environmental, and occupation health and safety issues pertinent to exploration, development, mining and promotion of bauxite resources in Guyana.
Minister Robert Persaud meeting with head of the RUSAL Representative Office to Guyana Vladimir Permyakov, and other senior executives during discussions at his office on Monday
According to a Government Information Agency (GINA) release, this decision was taken in light of the expansion and further investment by Bauxite Company of Guyana Inc, Bosai Minerals Group (Guyana) Inc, and the impending First Bauxite Inc at Bonasika, with an investment in excess of US$ 120 million.
Further, the unit will coordinate the development of objectives, strategies, and operational plans for the development of bauxite resources of Guyana. The unit comprises an economist, a geologist and a mining engineer and other skilled personnel representing a variety of disciplines relevant to the development of bauxite resources.
The GGMC board will also be expected to have enhanced engagement on bauxite development issues.
Recently, the Natural Resources and Environment Minister Robert Persaud met with Bosai when the company announced its additional investment for the mining of ore and the construction of a third kiln at an estimated cost of US$ 40 million and more than US$ 57 million respectively, a total of US$ 100 million in Linden.
Also, Minister Persaud met with executives of Bauxite Company of Guyana Inc (BCGI) – a subsidiary of RUSAL – to discuss the company’s US$ 30 million investment for this year and US$ 80 million over the next four years to increase job creation opportunities in the Berbice River.
