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UC RUSAL begins adjustment of Bauxite Production Levy debt to the Government
KINGSTON, Jamaica — The United Aggregation RUSAL (UC RUSAL) has paid about US$13.7 actor to the Government of Jamaica for the Bauxite Production Levy (Bauxite Levy).
According to a release, the acquittal was fabricated on Wednesday, November 17 and represents 40 per cent of the Bauxite Levy that it has owed the Government amid April 2018 and September 2021.
It additionally includes the aboriginal acquittal of the actual 60 per cent of the debt, which both the Government and UC RUSAL accept agreed will be paid in according account instalments over a aeon of 30 months basic November 2021. UC RUSAL is additionally appropriate to abide accepted with its approved Bauxite Levy payments.
The acceding to acquiesce UC RUSAL to pay 40 per cent of its Bauxite Levy debt upfront and the actual 60 per cent over 30 months was accomplished amid the Minister of Transport and Mining and chief admiral of UC RUSAL in September 2021. This acceding was additionally accurate by the Ministry of Finance and the Public Service.
In a affair at his Maxfield Avenue appointment on Thursday, Minister of Transport and Mining, Robert Montague, commended UC RUSAL for authoritative the payments as agreed. He added encouraged the aggregation to advance the acceptable practice.
The Minister was abutting by Sergey Kostyuk, Country Manager of UC RUSAL’s Jamaican operations, and a abstruse aggregation from the Ministry.
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