Guyana’s untouched Bauxite deposit near Orealla likely to be developed: Minister of Natural Resources

On 2^nd November’20, Vickram Bharrat, Minister of Natural Resources, Guyana, announced that he has already met with investors those are looking to develop the Tarakuli bauxite deposit located just over 10 miles away from Orealla (East Berbice/Corentyne).

Natural Resources Minister, Bharrat along with Minister of Agriculture, Zulfikar Mustapha visited Orealla and Siparuta on 2^nd November and met the residents.

Bharrat during his opening remarks made the announcement that cheered the residents who gathered.

 “I met a few investors who are willing to come and develop the Tarakuli bauxite deposit. It is one of the largest bauxite deposits remaining in our country that is untouched”, Bharrat said.

According to the minister, based on previous studies and information gathered, “The bauxite is of a very high quality so the interest is there from investors to come and do mining in this area”.

He added by saying that private investors plan to set up an alumina plant, “The alumina plant will add value to our ore because for too long we have been exporting raw materials, we haven’t been exporting value-added products, and you would know when you export value-added products you earn maybe ten times more than when you export the raw material”.

Furthermore, the minister stressed that “adding value to our products” is a priority for his government, “to ensure that we no longer export bauxite, the ore but we export aluminium”.

Meanwhile, the minister also told residents of Orealla that over the next five years citizens will see a transformation across the sectors in Guyana.

He communicated to the residents that it was important for them to be made aware of this information since Guyana’s resources belong to the citizens of the country.