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 [...]

Petroleo Brasileiro SA, Bolivia’s biggest foreign investor, and Repsol-YPF SA agreed to the South American nation’s new energy law, pledging to search for more natural gas deposits.
Petrobras and Repsol were among eight companies that early today signed agreements with the Bolivian government, adding to accords with Total SA and Occidental Petroleum Corp. yesterday.
“The other option [...]

President Evo Morales trumpeted the completion of his ambitious natural gas and oil nationalization plan on Sunday, though key issues remained to be addressed with Brazilian state energy giant Petrobras, Bolivia’s largest investor.
Petroleo Brasileiro SA, or Petrobras, was one of seven foreign companies that signed new deals, just after a midnight deadline Sunday, allowing them [...]

President Evo Morales complained of difficult negotiations with foreign energy companies over his plan to nationalize Bolivia’s oil and natural gas industries by Oct. 28, and singled out the country’s main pipeline operator for complicating talks.
Morales announced the nationalization on May 1, giving the international energy firms six months to negotiate new contracts ceding majority [...]