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Home | GOJ Responds to US–ATALCO–Concord Partnership in Bauxite and Alumina Sector
The JBM maintains oversight of bauxite mining operations in St. Ann Jamaica through its 51% interest in Discovery Bauxite Partners in partnership with the Managing Partners, Concord Resources.
The Government of Jamaica (GOJ) acknowledges the recent announcement of a partnership between the Atlantic Alumina Company LLC (ATALCO), parent company and partner of Discovery Bauxite Partners (DBP), formerly Noranda Partners II, the United States Department of War (DOW), and Concord Resources Holdings Limited (Concord).
This partnership, supported by Concord’s majority shareholder Pinnacle Asset Management, L.P. (Pinnacle), seeks to sustain and expand domestic alumina production and establish the United States’ first large-scale primary gallium production circuit in Gramercy, Louisiana.
Jamaica’s longstanding role in the global bauxite and alumina value chain underscores the international significance of these developments. The Ministry of Agriculture, Fisheries and Mining (MOAFM) and Jamaica Bauxite Mining Limited (JBM) confirm their awareness and ongoing engagement through established communication channels. JBM retains oversight of bauxite mining operations in St. Ann, Jamaica, holding a 51% interest in DBP, which is managed by Concord.
DBP supplies bauxite to ATALCO’s Gramercy refinery under a robust supply agreement linked to downstream alumina production. The announcement highlights the growing global demand for alumina and critical minerals vital to aerospace, defence, advanced manufacturing, energy technology, and semiconductors.
According to the announcement, DOW’s Industrial Base Analysis and Sustainment programme has invested $150 million in preferred equity in ATALCO, with further US Government funding expected within 30 days. Pinnacle’s fund, as majority shareholder via Concord, has already invested over $300 million in private capital.
This strategic collaboration between the US Government, private investors, and DBP reinforces the need for DBP to enhance operational efficiency and production capacity to meet alumina targets.
The MOAFM and JBM remain committed to monitoring these developments and maintaining active dialogue to safeguard Jamaica’s national interests and ensure the stability of the local bauxite sector.
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