Latin America

Can Venezuela’s primary aluminium industry survive?

Can Venezuela’s primary aluminium industry survive?

Primary aluminium production has been a crucial part of Venezuela’s economy since the creation of the Corporación Venezolana de Guayana (CVG) in 1960. Alcasa was established in 1967 and Interalumina in 1977. After the commissioning of the 47,000 GWh Guri dam, Venalum...


First Bauxite Lands US$10 MM Financing for Bauxite Project in Guyana

Canadian mining firm First Bauxite Corporation (FBX) announced on Friday the successful negotiation of a second bridge-loan facility of up to US$10 million and the recent commencement of construction on the firm’s Bonasika Bauxite Project. Per the firm, the bridge-loan facility will be paid out in four tranches – a US$2 million disbursement available immediately, […]

Jamaican Government Plans Merger of Clarendon Alumina and Jamaica Bauxite Mining, With Stock Exchange Listing to Follow

Jamaica’s government announced earlier this week its intention to combine Clarendon Alumina Partners (CAP) and the Jamaica Bauxite Mining Limited, followed by listing the resulting organization on the country’s stock exchange. Jamaican Minister of Transport and Mining Robert Montague told local media that the plan, for which he is currently seeking Cabinet support, would allow […]