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WHAT WE DO / OUR
OPERATIONS / ALUMINA
DIVISION / BAUXITE
COMPANY OF GUYANA INC.
BAUXITE COMPANY OF GUYANA INC.
 Bauxite Company of Guyana
Inc. was established in December 2004, within the agreement on bauxite mine
development in this country, signed by RUSAL and the Government of Guyana. On
31st March 2006, United Company RUSAL finalised the transaction acquiring the
assets of the state mining company Aroaima Mining Company (AMC).
The financial and production activities of the Guyanese company, along with the
majority of its property, infrastructure and deposits and aggregate reserves of
96 mln tonnes of bauxite, passed into the ownership of UC RUSAL’s subsidiary in
Guyana: Bauxite Company of Guyana Inc. (BCGI)...
The privatisation by BCGI of the Guyanese state mining enterprise, AMC, was
officially consolidated by an agreement, on asset acquisition and the order on
transferring the assets to BCGI, signed by Samuel Hinds, the Prime Minister of
Guyana. According to the framework agreement between UC RUSAL and the
Government of Guyana, announced in January 2006, BCGI obtains AMC’s assets
under its regulation in exchange for investment obligations totalling USD 22
mln. 10% of BCGI’s ownership is retained by the Government of Guyana.
| Geography |
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Guyana is a small South American
country. Before 1966, the country was a colony of Great Britain known as
British Guiana. After 150 years of colonial rule, the country gained
independence and accepted the name of Guyana which in one of the Indian
languages means ‘the country of waters.’ In the south-western part of the
country are the Guiana Highlands which are spread across the borders of
neighbouring Venezuela, Brazil, and Surinam. The volume of bauxite reserves in
Guyana is estimated at 700 mln tones; in Venezuela – about 320 mln tonnes; and
in Brazil – 3.9 billion tonnes. The coastal belt of Guyana has an equatorial
climate. The average annual temperature in Georgetown is 27°Ð¡, and
average monthly temperatures fluctuate between 27.9° for the warmest month
(September) to 26.3°.
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In 2004, RUSAL also obtained a license for the development of the Linden deposit
group with total reserves of over 100 mln tonnes of bauxite. At the
Moblissa-Bamia and Tiger Jump bauxite deposits, which belong to the Linden
group, RUSAL has completed the verification drilling geological works.
The deliverables are currently being processed, and geological information is
being prepared for the draft feasibility study.
UC RUSAL is considering the opportunity to construct an alumina refinery based
on the Linden deposit group. A decision on executing the draft feasibility
study will be made when the results of the verification drilling are received
In Guyana, the Company also holds a license for the development of the Ituni
deposit group, which has potential reserves of about 100 mln tonnes.
Verification drilling of the deposit group was started at the end of 2006 and
is ongoing.
Thus, the aggregate volume of high-quality reserves, according to the licenses
which the Company possesses in the Republic of Guyana, amounts to over 200 mln
tonnes, with the opportunity for accession of up to 245 mln tonnes.
The deposits in Guyana will ensure a stable supply of bauxite for loading the
supplementary capacities at the Nikolaev Alumina Refinery and will allow
alumina production performance to be increased through the use of higher
quality raw materials.
Development
In 2007, BCGI began the implementation of a large-scale project on developing
the new deposit, Kurubuku 22 in the Aroaima area, which has proven reserves of
45 mln tonnes. Within this project, BCGI is planning to invest funds in mine
transportation equipment, the construction of a conveyor bridge across the
Berbice River, and building new infrastructure for deposit maintenance.
Currently, the Engineering & Construction Division of United Company RUSAL
is preparing the project documentation. The approximate project cost is
expected to be US$ 15 mln
Environment
Within the framework of the Kurubuku-22 deposit development project, BCGI has
carried out an environmental impact assessment. The Company strictly adheres to
Guyanese mining law in its operations and revegetation of open-cast mines
A long-term agreement has been reached with the community of American Indians
and the Hururu tribe on whose territory the Kurubuku-22 deposit is located
According to this agreement, BCGI makes annual payments for the lease of the
land. In the framework of the Amerind community development, BCGI has built
water treatment and supply plants at the Hururu settlement. Furthermore, BCGI
has installed electric power equipment at the Hururu settlement and supplies
electricity from its own power generation capacities
Management
Managing Director – Sergey Kostuyk
274 Peter Rose Street, Queenstown,
Georgetown, Demerara, Guyana
Tel: + 592 225 02 31
norma.pooran@rusal.ru
To learn more about the process of aluminium production, aluminium history and
use please visit http://www.aluminiumleader.com/en/
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