Chinese miner orders layoffs.(GUYANA)

0 Comments | Caribbean Update, July, 2009

A Chinese mining company says it is laying off dozens of workers at its Guyana mines as the global economic crisis slows demand for bauxite, reports AP (June 3, 2009). Chongqing-based Bosai Minerals Group says it will dismiss 32 miners in the southeast region. Bosai in April laid off 120 workers, 20% of its local staff.

Prime Minister Sam Hinds says Bosai is also delaying plans to build a US$1 billion aluminum plant in southwest Guyana. osai produces calcined bauxite, an aluminum component used in industrial manufacturing.