Photo FlashBack: Bauxite’s big boost to Jamaica
Published:Thursday | January 26, 2023 | 11:49 PM
Three bauxite companies, Alumina Jamaica Ltd, Kasier Bauxite Co, and Reynolds Jamaica Mines Ltd, mined nearly six million tons of ore in 1958. Bauxite exports were 5.8 million tons, alumina exports £373,000 tons, both together valued at £21,700,000 – 40 per cent of this territory’s export receipts in that year. Since the beginning of operations in 1952, nearly 30 million tons of bauxite have been mined.
The industry’s direct contribution to the island’s general revenue showed a phenomenal rise over the four-year period. Royalties and income tax payments were £371,000 at the end of March 1957, rose to £2,981,000 by March 1958, and climbed still higher to £4,453,000 at the end of March 1959.