Chinese-owned bauxite miner Bosai is facing severe challenges on the international market but remains optimistic, a company official told President David Granger on Thursday.
A release from the Ministry of the Presidency on Thursday said that Granger received a courtesy call from officials of Bosai Mineral Group Guyana Incorporated. The group was led by Company Secretary, Norman McLean and included Assistant General Manager of Bosai China, Steven Ma, and General Managers George Zhao and Robert Shan.
Mclean said that the company is preparing for a board meeting today and as such, they took the opportunity to give the President an update on the company’s operations.
Assistant General Manager Ma said that the company is facing severe challenges as a result of the slump in bauxite prices globally. According to the release, he said that last year Bosai struggled with the impact of the fall in prices especially for the company’s main product, which is refractory grade.
Nevertheless, the company remains optimistic and Ma said that, “We are trying to maintain the production level and we are confident that we can do that. Bosai has been here for nine years and we plan to be here for a long time to come.”
