More jobs, accelerated bauxite production as BOSAI commissions US$115M kiln

To do this, he said there is a need for a stable industrial climate.

“Unless there is a stable industrial climate the industry will be in turmoil. This will hurt its future and those who depend on it for their livelihood,” President Ali noted.

Meanwhile, in her remarks, Chinese Ambassador to Guyana, Guo Haiyan said the project is an indication of China’s confidence in deepening its cooperation with Guyana.

Presently, she said Guyana is facing a historical opportunity for economic development and social transformation.

“The Government of Guyana has proposed to build a resilient, diversified and sustainable economy not only to develop the oil and gas sector but also to promote other sectors such as mining….and has made great achievements,” the Chinese Ambassador said.

Highlighting that Guyana’s bauxite mining grew by 35 percent last year, Ambassador Haiyan said the country’s economic development is on the right track.

“Cooperation in the mining sector between China and Guyana is significant. Chinese mining companies have made a big amount of investment in Guyana…they have created over 2500 jobs for local people, increase the income and improve their livelihood,” she said while adding “As one of your best friends, China is far apart but our hearts are near. The two countries share the same ideas for people-centered development for the sake of people’s benefit”.

Meanwhile, Bosai General Manager, Eric Yu said in recent years, the global economy has been experiencing a broad based slowdown in relation to bauxite production with inflation higher than several decades, thereby affecting the sale revenue.

As such, he expressed confidence that Kiln #15 will bring about greater efficiency and lower production cost.