CBS money watch
Canadian company to mine bauxite in Guyana
Edited by : AL CIRCLE
1 min read
A Canadian company has signed an agreement with Guyana to mine bauxite in a western region of the country.
Prime Minister Samuel Hinds says the First Bauxite Corporation of Vancouver expects to mine more than 12 million tons (11 million metric tons) of refractory bauxite in unexplored deposits in the Essequibo region.
CEO Hilbert Shields said the company hopes to build a plant within 18 months. He said initial production levels will stand at 100,000 tons (90,700 metric tons) a year.
Hinds said refractory bauxite is in demand because it is used to manufacture products that can withstand intense heat for extended periods.
The western Essequibo Region has an estimated 1.6 million tons (1.45 million metric tons) of bauxite.
Prime Minister Samuel Hinds says the First Bauxite Corporation of Vancouver expects to mine more than 12 million tons (11 million metric tons) of refractory bauxite in unexplored deposits in the Essequibo region.
CEO Hilbert Shields said the company hopes to build a plant within 18 months. He said initial production levels will stand at 100,000 tons (90,700 metric tons) a year.
Hinds said refractory bauxite is in demand because it is used to manufacture products that can withstand intense heat for extended periods.
The western Essequibo Region has an estimated 1.6 million tons (1.45 million metric tons) of bauxite.
Previous article
Maaden signs SR3.75bn financing deal as aluminum project gathers pace
Next articleUnited Company RUSAL : USAL senior management team officially visits the Republic of Sierra Leone
Grow with
AL Circle
