Clarendon Alumina Partners (CAP), which holds a stake in Jamalco alumina refinery, expects to bleed losses totalling US$46 million (J$7.6 billion) for fiscal year ending 2027, according to government public bodies documents. “CAP’s plans and forecasts continue to reflect sustained operating losses, as alumina revenues remain below production and operations costs,” stated the company in its filing with the Government in the Jamaica Public Bodies. “CAP projects a net loss of US$45.9 million.”