First Bauxite Receives Approval to Commence Construction at Its Bonasika Project, Guyana
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First Bauxite Corporation has received formal notification from the Guyana Geology and Mines Commission (GGMC) that its request for an extension to commence construction under its mining license for the Bonasika Project has been approved.
The company had earlier received an extension through January 31, 2018, which also provided for an additional year to be granted if the GGMC considered the company to have made sufficient progress to merit the additional extension. The construction commencement date has now been extended to January 31, 2019.
In addition, the company has also received from the Government of Guyana an executed amendment agreement to its mineral agreement to reflect the new project concept of a mining and beneficiation plant in Guyana and the downstream processing plant in the USA.
About First Bauxite
First Bauxite Corporation is a Canadian natural resources company engaged in the exploration and development of bauxite deposits in Guyana, South America and intends to produce ceramic proppants for the energy industry in the future. The company has its head office in New Orleans, Louisiana and is managed by experienced professionals with worldwide experience in the global industrial minerals industry across a number of industrial minerals.
To stop by First Bauxite’s website, CLICK HERE
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