Published: Wednesday June 4, 2008
Mexican cement giant Cemex plans to invest US$300 million (J$21.4 billion) in a port facility on the southern coast of Clarendon to stockpile and export limestone.
The planned investment will be tied to the expansion of Chemical Lime Company's (CLC's) Brazilletto Quarry located in Tarentum, Clarendon, from its current two million tonne per year operations to 12 million tonnes of limestone a year.
Through its Jamaican subsidiary, Rinker Jamaica, Cemex plans to construct the port adjoining Jamalco's existing Rocky Point Port along with a stockpile area to export washed, crushed, and sized limestone.
The proposed project, which has been submitted to the National Environment and Planning Agency (NEPA) for its Environmental Impact Assessment (EIA), includes the construction of a transportation corridor linking the port to the existing quarry by constructing a hooded conveyor belt from the port to the quarry.
Rinker recently acquired exclusive operating rights from Chemical Lime, which currently holds a Special Exclusive Prospecting Licence (SEPL) for the Brazilletto Quarry, which currently supplies Rugby Jamaica Limited with its limestone requirements.
Limestone in excess of present production will be exported to North and South America.
The expansion of the Brazilletto Quarry will be the subject of a separate application to NEPA.
The construction phase of the project is estimated to take place over a period of 18-24 months at a cost of approximately US$300 million (J$21.4 billion).
Approximately 400 persons are expected to be employed at peak demand during construction and between 90 and 150 persons during operations, servicing both the proposed port and the quarry expansion.
Cemex won majority control in Australia's Rinker group a year ago, pushing it to the number three spot among the world's largest producers of aggregates and limestone based construction products.
Source: Jamaica Observer
http://www.jamaicaobserver.com/magazines/Business/html/20080603T230000-0500_136365_OBS_CEMEX_PLANS_US_____M_PORT.asp
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