A protracted period of low world market prices coupled with the slowing down of China’s economy continues to ensure the ongoing underperformance of Guyana’s bauxite industry, newly appointed Minister of Natural Resources Raphael Trotman disclosed at a press conference held at the Cara Lodge Hotel on Wednesday.
While announcing that government will make production figures for bauxite available “later this week,” the Minister dropped a broad hint that those figures are unlikely to make encouraging reading.
Trotman disclosed that currently the relative sluggishness in the Chinese economy had meant that the Chinese Nanchuan Minerals Group whose subsidiary, Bosai Minerals, runs Guyana’s bauxite mining and processing operations in Linden and which produces the well-known RASC refractory bauxite as well as