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Bauxite and Alumina Industry Impacting Positively on. The JBI was established in 1976 as an arm of the Jamaica National Investment Company (now the National Investment Bank of Jamaica),to deal mainly with the sovereign aspects of the Government’s participation in the bauxite and alumina industry. Coal power to the rescue Lead Stories Jamaica Gleaner According to Hay,without the acceptance of coal as fuel for power generation,the logistics hub will not become a reality.Last Friday,Hay told The Sunday Gleaner that Jamaica's bauxite industry has no future without an energy solution and coal offers the best prospect. Jamaica's Mining Revival Turns Red Earth to Gold For Hedge. Mar 27,2019 · Yet this 50 year old facility is at the leading edge of a revival of the mining industry,turning Jamaica's red earth to gold for a new set of investors from hedge fund luminaries to commodity. 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