Jamaica's mining sector is set to get a boost with the takeover of long-standing aggregates producer Jamaica Aggregates by Amrize - a publicly traded United States based company with links to global construction giant Holcim.
This move is seen as a vote of confidence in the Jamaican economy.
Jamaica Aggregates operates many quarries across the island, supplying materials used in residential construction, roadworks and major infrastructure projects.
CEO Chris Meyers says the company will continue to operate within Jamaica's environmental, safety and regulatory frameworks with a focus on consistency, compliance and long-term planning.
Meanwhile, Floyd Green, Minister of Agriculture, Fisheries, Mining and Quarrying, says the sector supports national development in a practical way through its contribution to GDP, job creation and foreign exchange earnings.
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