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As it has been widely reported one of the amendments to the Cane Purchase Agreement proposed by BSI/ASR as part of its proposed 22 million dollar investment is the cementing of the current formula for payment of Bagasse until 2022.

During an interview with CEO of the BSCFA, Oscar Alonso yesterday, he told us that while an agreement has not been reached the association would be willing to accept that amendment if the milling company would pop open its financial books as it relates to BELCOGEN.

During our interview today with Vice president of International relations of BSI/ASR, Mac McLachlan we questioned him on this matter, here is what he had to say.

Screen_Shot_2017-08-02_at_7.52.56_PMMac McLachlan – Vice President of International Relations of BSI/ASR


“Nosotros hemos enviado un estado de las finanzas de la compañía fue por nuestro auditor, esta compañía es una compañía grande de auditores en Belice y la refección de la verdad de las finanzas no hay ninguna duda de cómo están estas finanzas hemos enviado este estado a BSCFA y a las otras Asociaciones también entonces no creo que hay duda en esta situación ni preocupaciones que quede no hay duda estamos poniendo todo en la meza lo que tenemos que hacer para el beneficio de los caneros para la compañía y para la industria de Belice lo que hemos recibido es una reacción de esta propuesta entonces hay otras formas si BSCFA quiere terminar el contrato es para ellos decidir.”

Today we contacted the BSCFA to verify that they had indeed received the audit report issued by BSI, while the association accepts having received their report, they believe that it does not include enough information for them to be able to make an informed decision.

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