Suriname project may attract interest from India and China

The South American country hopes to have awarded a concession for bauxite, the world’s main source of aluminum, by this time next year, after decades of attempts to develop the ore. — Reuters

PARAMARIBO: Companies from India, China and the Middle East have informally expressed interest in participating in a bauxite project in the jungle of western Suriname that could attract billions in investment, a Surinamese official says.

The South American country hopes to have awarded a concession for bauxite, the world’s main source of aluminum, by this time next year, after decades of attempts to develop the ore.