Wed | Sep 20, 2017

Government to meet with Noranda today

Published:Wednesday | March 30, 2016 | 3:41 AM
Transport and Energy Minister Mike Henry

Principals of Noranda Bauxite Company will today meet with Finance and the Public Service Minister Audley Shaw and Transport and Energy Minister Mike Henry to discuss a proposal the company has placed on the table for the government to consider.

Shaw made the disclosure in Parliament yesterday while responding to a caution from his opposition counterpart Dr Peter Phillips.

Phillips urged the Government not to give up rights which have been received through arbitration.

Last year, a tribunal set up to hear a dispute between the Government and Noranda Bauxite Company handed down a decision in favour of the government.

Noranda had challenged the government’s decision not to extend a concession granted in 2009 under the Bauxite Levy Act.

The agreement to allow Noranda to pay less than the required levy expired in December 2014, and Noranda has been told to pay up.

However, the company has maintained that it cannot afford to and has even filed for Chapter 11 bankruptcy in the US.

Yesterday, Phillips said while he did not object to negotiation with the company, he was against any discussion that would give up rights which have been received through arbitration.

 

Finance Minister Audley Shaw

Shaw told parliamentarians yesterday that Noranda had directed an appeal to the Andrew Holness-led administration and in the spirit of natural justice the Government would hear what the company has to say.

He said the principals of the company had already met with the Prime Minister and have put forward a set of specific proposals.

 

Opposition spokesman on finance, Dr. Peter Phillips