Reps from Alpart’s Buyer JISCO to Meet with Jamaican PM Next Month

Reps from Alpart’s Buyer JISCO to Meet with Jamaican PM Next Month
Source: UC Rusal

Jamaican officials will be hosting officials from the People’s Republic of China’s Jiuquan Iron & Steel (JISCO) next month. JISCO is the incoming owner of Alumina Partners of Jamaica (Alpart) after purchasing it from UC Rusal for US$300 million last month.

A press release from the Jamaican Prime Minister The Most Honourable Andrew Holness explained that the meeting is intended to show that his government is dedicated to an open and honest process that takes into account economic, environmental, and international concerns.

“The Government is preparing to receive and consider the definitive plans regarding the development of Alpart,” the press release stated. The release went on to explain that the prime minister’s office is attempting to bring in all relevant ministries and agencies to participate in the upcoming meeting and related talks. The release continued by describing the prime minister’s opinion that such talks must be had with consultation from the relevant government bodies to help guarantee an orderly implementation carried out on an environmentally-sustainable manner.

According to the press release, Holness held a meeting on the subject with the Jamaica Bauxite Institute (JBI), the National Environment Planning Agency (NEPA), and the Planning Institute of Jamaica (PIOJ) early last week. It went on to say that his office is attempting to arrange meetings with Jamaica’s Climate Control Advisory Committee and other stakeholders at present.

Prior to its shut down in 2009, Alipart’s capacity in Nain, St. Elizabeth, was 1.65 million metric tons of alumina and 4.9 million metric tons of bauxite (sourced from its own mines). Rusal acquired a 65% share in the operation in 2007 when it acquired Glencore’s alumina business, and came into possession of the remainder in 2011.

JISCO was founded in 1958 in Jiayuguan, Gansu, China. The firm has operations in China, South Africa, the Philippines, and Mongolia, and produces approximately 8 million short tons of crude and rolled steel per annum. With this sale, JISCO takes its place in the top ten producers of aluminium in China. It has been in the top 500 Chinese producers for several years.