FIRST BAUXITE OPENS BONASIKA BAUXITE PROJECT | First Bauxite LLC and its subsidiary Guyana Industrial Mineral Inc. (GINMIN), officially opened its Guyana operations on Thursday, becoming the third large-scale bauxite mining operation in the country. | Department of Public Information
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The Bonasika Bauxite Project was officially opened along the Demerara River on Thursday. US Bauxite Company, First Bauxite (FBX) and its subsidiary Guyana Industrial Minerals (GINMIN) have invested over US$100M in the development of the area to mine bauxite. The bauxite found in that area is one of the highest quality in the world and the mines have a lifeline of 15 years. So far, 95 Guyanese has been employed permanently while 240 persons are expected to be hired as the production expands. | Ne
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Guyana’s decades old bauxite industry will be around for years to come as other developments within the country take shape, according to Ambassador to the United States Samuel Hinds. The former Prime Minister is adamant that the bauxite industry will continue to develop as the country’s nascent oil and gas sector takes shape. Hinds was a guest on the weekly programme - Guyana Dialogue - on Friday when he made the remarks. | News Room
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