Jamaica’s Mining Revival Turns Red Earth to Gold for Hedge Funds

(Bloomberg) There’s nothing new-fangled about bauxite mining in Jamaica.The railcars that shuttle thousands of tons of ore from the hills to Discovery Bay on the island’s picturesque north coast are the very same ones used by the once-giant American company Kaiser Aluminum, which started mining here in 1967. Under a layer of red dust, they still read “Kaiser Bauxite Co.”

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