Bolivia’s state-run Empresa Siderurgica Mutunhas has signed a $2.1bn (£1bn) deal with Indian firm Jindal Power & Steel to mine large deposits of iron.
President Evo Morales said the deal marked the largest foreign investment the central South American country.
The area to be mined, on Mount El Muntun near the border with Brazil, has 40 billion [...]
President Hugo Chavez said Sunday that Venezuela hopes to gradually sell off its refineries in the United States and build a new network of refineries in Latin America, part of a plan to offer his leftist allies in the region a stable oil supply.
Chavez also raised the idea of issuing a regional bond to raise [...]
President Evo Morales said Thursday he would nationalize a mineral processing plant owned by the Swiss mining company Glencore International AG, the first step of his plan to take control over a larger share of Bolivia’s mineral wealth.
Morales did not state the terms under which his government would take over the Vinto plant on the [...]
Celebrating his one-year anniversary as Bolivia’s President with a four-hour speech, Evo Morales announced Monday that he has sent a bill to Bolivia’s Congress calling for an increase in the Complementary Mining Tax (ICM) levied on foreign mining firms operating in Bolivia.
Apparently the amount of the ICM to be paid will be based on the [...]
Bolivian President Evo Morales said Friday he will move ahead with plans to nationalize the country’s mining sector following last year’s move to take over its oil and natural gas industries.
Morales, speaking to reporters at a summit of presidents of the Mercosur trade bloc in Rio de Janeiro, said his government was studying carefully details [...]
Bolivia’s government will move ahead with plans to nationalize the mining industry, President Evo Morales said Friday, in the latest move by a left-leaning Latin American nation toward more state control of key sectors.
Morales, speaking to reporters at a summit of presidents of the Mercosur trade bloc in the Brazilian city of Rio de [...]
Bolivia plans to raise the taxes paid by mining companies by almost 600% in a shake-up of the industry set to be announced in the coming weeks.
Mining Minister Guillermo Dalence was quoted in Bolivian daily newspaper La Razon as saying that the leftist government of President Evo Morales received only US$45 million of `Impuesto Complementario [...]
Petrolifera Petroleum Limited announced today that its RN.PM a-1032 well, situated southwest of the recently-tested 1019 oil well on the northern portion of its Puesto Morales Block in the Neuquén Basin, Argentina, is in the process of being cased as an indicated multi-zone oil discovery after completion of drilling and logging procedures. This marks the [...]
A deadly dynamite battle between rival groups of Bolivian miners ended in a truce on Friday night and President Evo Morales fired his mining minister, who was criticized for not anticipating the violence.
The official death toll rose to 16, after state-employed miners and members of independent mining cooperatives fought with dynamite, sticks and stones on [...]
President Evo Morales fired two top mining officials late Friday after a clash between rival bands of miners over access to the country’s richest tin deposit left at least 16 dead and more than 60 injured.
Reports of a halt to the fighting came after the government sent 700 police to control the mountainside where the [...]
