SLFP says party will not back protest by MR group

The Sri Lanka Freedom Party (SLFP) says it will not endorse the protest to be staged on Thursday by supporters of former President Mahinda Rajapaksa.The joint opposition is to stage the protest in Colombo against the Government and in support of former President Mahinda Rajapaksa. However SLFP treasurer S.B. Dissanayake said that the party will not back the protest and warned that any member going against a policy decision taken by the SLFP could face disciplinary action. (Colombo Gazette)

US50M bauxite project for Bonasika

Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedNew US40-50M Bonasika Bauxite Project touts employment for over 200June 14, 2018In “Business”Guyanese workers must be respected and labour laws upheld – Harmon says at RUSAL meetingFebruary 21, 2019In “latest news”Govt in talks with Norway, IDB on Amaila hydro projectSeptember 15, 2016In “latest news” Minister of State, Mr. Joseph Harmon, on Thursday, received a courtesy call from Executive members of the First Bauxite Corporation (FBX) at the Ministry of the Presidency, where he was updated on their project at Bonasika in Cuyuni-Mazaruni (Region Seven), which is due to begin next year with an investment of approximately US$50M.Minister of State, Mr. Joseph Harmon peruses the Project document as Mr. Roughead explains what the project would entail.According to the Department of Public Information, during the meeting, Mr. Alan Roughead, President and Chief Executive Officer of FBX, told Minister Harmon that the company is looking forward to starting construction of the project next year and production 12 months thereafter.DPI said the Project is expected to provide employment for over 150 Guyanese. FBX commenced feasibility work on the Bonasika Project in 2008. Since then the company has expended US$20M on developing the bauxite resource located in this area and has completed three feasibility studies. The company has also conducted two major production trials in Guyana over the past two years.Minister Harmon said that the Government welcomes the investors and looks forward to the employment opportunities, which will be created for Guyanese, once the project is up and running. He noted that Guyana is always open for investment and to create a more conducive environment for business, he said that the administration is currently working to put systems in place, which can ensure that the bureaucracy associated with investments are reduced, DPI reported.Mr. Larry Washow, Chairman of the Board of FBX, Mr. Bill White, Chief Financial Officer of FBX, Mr. Stanley Ming, Chairman of the Board of Directors of the Guyana Geology and Mines Commission (GGMC) and Mr. Robert Corbin, Legal Counsel of the company, also attended the meeting. read more