Custodial Management
One of JBM’s core business activities is to act as the GOJ representative in partnerships established with multi-national entities operating in the bauxite and alumina industries. The current partnership is Discovery Bauxite Partners (DBP), in which JBM holds the majority 51% equity and Concord Resources holds 49%.
The business of the partnership is the responsibility of a specially formed Executive Committee, which is made of four (4) representatives from JBM and four (4) from the investors.
With its membership on the executive committee, JBM provides oversight as well as policy and governance support to DBP in its operating role. Per stipulations of the Deed of Partnership arrangement, JBM’s equity and asset interest are recognised with receipt of an annual Asset User Fee. As part of this partnership arrangement, JBM, through the executive office, actively participates in quarterly Executive Committee meetings to ensure that operational efficiency and environmental sustainability in mining are maintained.