Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Guyana Industrial Minerals (Ginmin), a subsidiary of US-based First Bauxite, has launched exploration for bauxite at its Bonasika project, located between the Essequibo river and the Demerara river in Guyana. 


The project, with a total investment of $100mn, was announced at a formal event in Guyana recently, where Raphael Trotman, Guyana’s minister of Natural Resources, was present. 


Alumina, derived from bauxite, is widely used in a variety of industrial abrasive materials, due to its superior hardness and strength.


The company said that its raw ore’s alumina content is at 63pc, and when sintered, at a minimum of 93pc alumina.


Ginmin has so far, this year, shipped 20,000mt of bauxite overseas, a company official stated. 


The company aims to export 200,000mt of bauxite by the end of 2020, taking the total annual delivery capacity of its mining operations to within the region of 320,000mt.  

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