More than US$300 million has been invested in bauxite mining in Guyana and another US$150 million is expected to be plugged into the operation, according to a statement issued by the Ministry of Natural Resource and the Environment yesterday.The assertion comes on the heels of pronouncements made by officials of A Partnership of National Unity (APNU) at a recent press conference.APNU had contended that the nation is being robbed of the benefits of a US$6 billion deposit at Block 37 in Region Ten.According to the statement which attempts to rebut the claims of APNU, about the operations of BOSAI and RUSAL, not only are there plans for massive investment but no single entity is given full control of the local deposits and Region Ten and other areas are set to benefit in terms of employment.Among the entities included in the industry are Bosai, First Bauxite Corporation and Bauxite Corporation of Guyana Inc (BCGI). “Bauxite Corporation of Guyana Inc. is currently exploring deposits in the Berbice area, while First Bauxite Corporation is much more advance with the company’s exploration and mine development phases,” the statement addedIt was also revealed that there are application by a number of companies for Prospecting Licences for Bauxite ore deposits in Regions Three, Six and Ten, and decisions made will be done based on sound and technical evaluation taken into account the need to maximize benefits to Guyana.The statement adds, too, that “RUSAL, Omai and BOSAI stood all the financial uncertainties for reinvigorating the bauxite industry which was on the verge of collapse.”Speaking to massive investment plans,Cheap MLB Jerseys, the statement said that “First Bauxite intends to invest in excess of US$180 M…this will see hundreds of new jobs in Region 10 and elsewhere and other spin off.”Bosai Mineral Guyana Inc. has already expressed its willingness to expand its operations creating over 400 new jobs for the residents of Linden and its environs,Wholesale Cheap Jerseys China, as well as investing in an apprenticeship programme set to commence in 2013, the statement added.It was disclosed too that Bosai Mineral Guyana Inc. currently will be expanding Linden operations with the intention of facilitating new products on the bauxite market.First Bauxite, on the other hand, controls a large area in Guyana’s historical coastal bauxite belt, including the Bonasika Mining License and the Essequibo PGGS Prospecting Permit. The Company’s Bankable Feasibility Study Update, according to the statement,Cheap Wholesale Jerseys, defines and confirms the economic viability of an operation based on sequential mining of two bauxite deposits (Bonasika 6 and Bonasika 7) over a mine life of 36 years.According to APNU’s Executive Member Lance Carberry,Wholesale Jerseys From China, in most countries the modern approach to the management of natural resources, particularly with mining resources, is that a company is asked to present its developmental programme for over a period of 20 years.On the basis of an agreed programme reserves are then made available, Carberry said. According to him, RUSAL had in fact made a number of promises which should have already seen it building an aluminium plant,Cheap NFL Jerseys China, an undertaking which has not yet been realised.But according to the statement, the vision is to ensure that there is much more value added activities to optimize the utilization of bauxite ore. In this regard the Natural Resources statement highlighted that the Government will in fact continue to engage investors on the establishment of an alumina plant in Guyana.