Jamaica Bauxite Mining Limited (JBM) was incorporated on the 13th day of February, 1975 as “National Mining Company Limited.” The change of name was effected on the 20th of June, I975. Initially, JBM was a subsidiary of the Jamaica National Investment Company Limited (JNIC), a private Company wholly-owned by the Government of Jamaica, until it was dissolved.

The Company was established with the view that it would be the Government’s representative in partnership agreements with the multinational corporations operating in the bauxite and alumina industry in Jamaica. JBM was the partner on behalf of the Government of Jamaica with Aluminum Company of America (ALCOA), Kaiser Aluminum & Chemical Corporation (KAISER), Reynolds Metals Company (REYNOLDS), Aluminum Company of Canada Limited (ALCAN), Noranda Jamaica Bauxite Company Limited (NORANDA), and New Day Aluminum (Jamaica) Limited (New Day).

The business of each partnership was at all times the responsibility of a specially formed Executive Committee for each partnership. The chairman of each committee served for one year, at which time, in the case of Kaiser and Reynolds, the right to appoint the Chairman was rotated annually, while, with JAMALCAN and JAMALCO, the Chairman could have been be reappointed at the end of his term, for an additional term of one year. Matters, such as the requirement for funds in the future, review of the Managing Partners’ programmes of training and development, land acquisition, anticipated future requirements of mining and refining capacity, the Managing Partners’ proposals for Capital Budget, the annual Financial Statements, Reports, etc., were dealt with at Executive Committee meetings.

JBM Today
JBM no longer participates in bauxite trading but continues to monitor operations with its seats on the Executive Committee and on the Board of the investor on behalf of the GoJ. As the custodian, JBM ensures the Government’s return on investment is maximized.

The Company monitors and has oversight of the operations of the bauxite company in which it holds equity, Noranda Jamaica Bauxite Partners II (NJBP II); JBM holds 51% equity on behalf of the Government of Jamaica in the partnership with New Day Aluminum (Jamaica) Limited holding 49%.

Operations
JBM’s activities include the management of the port at Reynolds Pier in Ocho Rios, management and maintenance of properties in Lydford Park, and the management of the lands owned by the former Reynolds, now owned by JBM. The Company holds a fiduciary responsibility to protect the assets of the Government, while making decisions that will achieve maximum returns on the investment of those assets. To this end, JBM has embarked on a path to create additional revenue streams in the short to medium-term through optimised use of JBM’s lands and other existing assets with special development projects. The management structure supports development and optimisation of the organisation’s four (4) strategic business units (SBUs):

SBU Port and Operations Management
SBU Land Development
SBU Commercial Development and Property Management
SBU Custodial Management

The SBUs are supported by Estate, Facilities & Maintenance Management, Finance and Accounting, Human Resources and Administration, Corporate Affairs, Project Management, and a Procurement Unit. The Company operates out of three locations: from its head offices in Kingston, a Port in Ocho Rios, St. Ann, commercial offices in White River, Ocho Rios, and from Lydford, St. Ann.

Read more about our SBUs here