JISCO

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

Bauxite Levy Alive and Well: Jamaica Mining Minister

Jamaica’s Transport and Mining Minister Mike Henry reaffirmed the existence of the government’s bauxite levy when speaking with a legislative committee last week. Henry explained to the Standing Finance Committee of Jamaica’s House of Representatives that the bauxite levy is still in place. He estimated that the levy of US$1.50 per metric ton plus a […]

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 […]