diGgers our Chart Of The Week this week is Alumina vs Crude Bauxite Production 2013 with focus on June’s statistics. Click image to enlarge chart.
For the month of June 2013 the red bar of the chart indicates that Alumina Production fell by ~12% to 149,733 MT from 171,273 MT for May 2013. May’s 2013 Alumina output was the highest recorded output since the start of the calendar year while June’s output represents the second highest output since the start of the calendar year.
In terms of year over year comparisons, Alumina Production for June 2013 represents an increase of 16% over June 2012’s 129,081 MT and a ~4% dip from June 2011’s 156,533 MT.
Crude Bauxite Production for the month of June 2013 saw an uptick of 27,255 MT over May 2013 359,356 MT, which is indicated by the green point on the line chart. This increase represents ~7% rise over May’s output. The highest recorded output for Crude Bauxite since the start of the year was recorded in March, June’s output 386,611 MT represents a 16% dip from March’s high of 461,185 MT.
Year over year comparisons, Crude Bauxite Production for June 2013 represents an ~1% fall below June 2012’s 390, 890 MT and a noteworthy rise of ~12% over June 2011’s 343,154 MT.
In an effort to resuscitate the Alumina industry, the Government of Jamaica via Clarendon Alumina Production Limited on June 17, 2013 entered into an alumina sales agreement with Noble Resources Limited, an international supply chain manager. The first shipment of alumina under this new sales agreement left Jamaica on Wednesday July 31, 2013 from Jamalco’s Rocky Point Pier in Clarendon. Read more here.
The IMF Extended Fund Facility that was approved on May 1, 2013 stipulates that the Government of Jamaica must either sell or implement a lease agreement for CAP by the end of December 2013 (MEFP¶37). The new sales agreement between CAP and Noble gives the international company the option to acquire CAP and its stake in Jamalco.