Jamaica

Jamaican Businessman Touts Revival of Alpart’s Bauxite Operations as Blueprint for Local Investment

Jamaican Businessman Touts Revival of Alpart’s Bauxite Operations as Blueprint for Local Investment

Jamaica’s government should consider tax incentives for locals seeking to invest in domestic enterprises. Such was the advice offered by prominent St. Elizabeth businessman Dr. Lynden Rose when speaking at a recent forum. “We need to look at investments, and when I...

Events

Bauxite and Minerals Sector Primed for Growth: Jamaican Mining Minister

Jamaica’s Transport and Mining Minister Lester “Mike” Henry told reporters on Sunday that his country’s bauxite and minerals sector show a significant potential for growth in the coming months and years. Henry, who was addressing members of his ministry at a weekend retreat, said that a policy shift in the direction of downstream operations profit […]

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 […]

Noranda Delays Layoffs at Gramercy Plant Until May

The alumina plant in Gramercy, Louisiana has been granted a reprieve. Noranda announced on Tuesday that the layoffs planned at the plant would happen no sooner than May, 2016. This reprieve has temporarily kept the plant’s 113 employees at work. The firm, which filed for Chapter 11 bankruptcy protection in February, cites an ongoing tax […]