The island country Jamaica’s bauxite and alumina industry is retaking its place on the world stage and investors are showing a positive trend to explore Jamaica’s bauxite mines.
Bauxite mining is considered as the star performer of Jamaica’s economy.
The latest example of Jamaican mining is the progress of JAMALCO, a company focused on bauxite mining and alumina production that is a joint venture between global commodities trader Noble Group, which owns 55%, and Clarendon Alumina Production, which holds the other 45 % and is publicly owned.
Noranda Bauxite shipped an estimated 3.8 million wet metric tons from its bauxite operation at St. Ann, Jamaica last year, and it expects to be able to continue to ship similarly-sized amounts well into the next decade.
The country’s mining is turning around and the export of 20.82 million tonnes bauxite during 2017-19 has been accounted for. The bauxite mining for 2020 is projected at 6.70 million tonnes, when added to the previous year’s figure it reflects 27.52 million tonnes.
In the year 2017, the bauxite importation was recorded at 6.73 million tonnes and in 2018 it was spotted at 7.14 million tonnes. A growth of 6.09% has been measured.
Again in 2019, the bauxite export stood at 6.95 million tonnes, though recorded a slight downfall of 2.67%. The year 2020 has been projected with a positive trend of 6.70 million tonnes, again a growth of 3.5% from the previous year.
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