Alumina Partners of Jamaica

Jamaica’s Bauxite Levy Continues to Fund Capital Development: Finance Minister

Jamaica’s Bauxite Levy Continues to Fund Capital Development: Finance Minister

In response to an opposition leader’s declaration that the country’s bauxite levy is “dead Act just waiting for burial,” Jamaica’s Minister of Finance and the Public Service Audley Shaw assured representatives on Tuesday that the levy is still in place and will...

Events

Jisco Formally Takes Charge of Alpart

The official hand-off of Alumina Partners of Jamaica (Alpart) to the People’s Republic of China’s Jiuquan Iron & Steel (Group) Co Ltd (JISCO) occurred last Thursday according to local media. Jisco is reportedly planning to begin production at the plant in Nain, St Elizabeth Parish within the next six months. Formerly owned by Russian Federation […]

Rusal Completes US$299 MM Sale of Alpart to JISCO

Russian Federation aluminium giant UC Rusal yesterday announced the completion of the sale of Alumina Partners of Jamaica (Alpart) to Jiuquan Iron & Steel (Group) Co. Ltd. (JISCO). Rusal says the sale, in which Jisco tendered US$299 million for the vertically-integrated plant, was completed successfully with all required conditions fulfilled as specified by the previously […]

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

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 […]

JISCO Acquires Alpart from Rusal for US$299 MM

Russian aluminium major UC Rusal announced yesterday that it has agreed to sell Alumina Partners of Jamaica (Alpart) to Jiuquan Iron & Steel (Group) Co. Ltd. (‘JISCO’) of China. According to the press release, Rusal will be receiving US$300 million for Alpart, and that the sale is part of Rusal’s efforts to improve the firm’s […]

Jamaica’s Alpart Operation to Reopen Within Months: Mining Minister

According to Jamaica’s Minister of Transport and Mining Michael Henry, authorities expect to reopen the Alpart bauxite mine and alumina refinery in Nain, St Elizabeth, in the present fiscal year, which runs from April 1, 2016 through March 31, 2017. Henry made the disclosure while speaking to Jamaica’s House of Representatives last week. The Alpart […]