US$50M bauxite project for Bonasika moving ahead

Minister of State Joseph Harmon yesterday received a courtesy call from Executive members of the First Bauxite Corporation (FBX) during which he was updated on their project at Bonasika, Cuyuni-Mazaruni which is due to begin next year with an investment of approximately US$50 million.

A release from the Ministry of the Presidency said that during the meeting, Alan Roughead, President and Chief Executive Officer of FBX, told Harmon that the company is looking forward to beginning construction of the project next year and production 12 months thereafter. The release said that the project is expected to provide employment for over 150 Guyanese.