Chinese mining company hopes to construct US$1b aluminum plant in Guyana

GEORGETOWN, Guyana: Guyana’s president Bharrat Jagdeo during a recent visit to China met with a number of current and future investors in Guyana. The Guyanese leader has announced that he held discussions with the head of Bosai Minerals Group head, while in that country on future investment and expansion plans. According to Jagdeo, the mining company is hoping to construct a US$1 billion aluminum plant in Guyana shortly. Jagdeo told reporters that already he had spoken to some of the banks in that country who have committed to fund the project. Bosai Minerals is currently one of the largest bauxite companies in Guyana. The president meanwhile, says members of China’s Import and Export Bank (EXIM Bank) have also committed to fund feasible investments in the South American country by Chinese who are willing to invest. Jagdeo on a one week visit to China inked a US$40 million deal with the EXIM bank for the construction of a transmission main for the Guyana Power and Light Company. During the same visit the Guyanese leader participated in the global economic forum organized by the Chinese government and hinted that he secured a number of new potential investments for Guyana. Source: www.caribbeannetnews.com