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Canadian company to mine bauxite in Guyana

Canadian company to mine bauxite in Guyana

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.


Updated : 2021-10-18 16:56 GMT+08:00