JBM to Facilitate Increase in Bauxite Production

The Jamaica Bauxite Mining Limited (JBM) will be seeking to facilitate an increase in bauxite production during the 2024/25 financial year.

The entity will also continue to provide management support to Noranda Jamaica Bauxite Partners II (Noranda) in its role of operating the bauxite mines in St. Ann and will also continue to manage its non-bauxite activities.

This is contained in the Jamaica Public Bodies Estimates of Revenue and Expenditure for the year ending March 2025.

“During the 2024/25 financial year, the JBM will continue the expansion of the Reynolds Pier into a multi-use facility and boost revenue operations through increased limestone shipment, bunkering, and servicing of cruise vessels at the Port,” the document noted.

The JBM plans to expend $262 million to execute these port rehabilitation activities.

The public body will also forge strategic partnership arrangements to optimise opportunities on underutilised lands and other assets.

“This will see the JBM continuing the development of Spring Water production facility, which is slated for completion during the Budget year,” the document said.

The JBM will continue efforts to monetise underutilised assets through the development of a multi-use commercial park and industrial park at Lydford.

The JBM also plans to renovate and upgrade its warehouses and integrated spaces into a viable commercial operation.

Source: JIS News