Archive for August 6th, 2012

Linden’s bauxite operations on brink of collapse- sources

Linden’s bauxite operations on brink of collapse- sources

by Denis Scott Chabrol Demerara Waves
Sunday, 05 August 2012 17:11

linden_bauxiteThe bauxite industry in Linden is said to be on the verge of collapse because the Chinese-owned BOSAI Minerals has not been producing bauxite for more than two weeks now due to unrest there.

Stockpiles have also gone low and the company is unable to satisfy existing and new demands, company sources said..

The company, according to well placed sources, has complained to government that Lindeners are continuing to block roads leading to the Chinese-owned BOSAI Minerals and threatening mine workers reporting for duty.

Residents there are opposed to the hike in electricity rates because government has reduced the subsidy by GUY$1 billion to BOSAI that generates power not only for ore processing but for use by the town.

Region 10 Chairman, Sharma Solomon has said that talks with government are making progress. The two sides are due to meet again on Monday.    Continue reading