Month: Nov 2018

Bolivia: Stemming gas reserves decline

By E. Dunphy, ACA Natural gas has played a key role in Bolivia’s economy, notably over the last 15 years where production has more than doubled from 2003 levels to reach 1654mmscf/d in 2017. However, under-investment in exploration now sees the country boasting a reserves life of a […]

Lithium in Bolivia

Lithium industry – Primer Latin America represents a huge concentration of lithium as a resource and reserves, the latter representing ca. 61% of global reserves. Of note, Bolivia does not feature in those reserves statistics as of year-end 2017. More   Opinion: Beyond pilot trials – Lithium extraction […]

More than $US 4 million from South Korea invested in Bolivian agriculture

A total of $US 4.8 million from the South Korean cooperation have been invested in research and seed production projects in Bolivia. A delegation of the Korean Cooperation (Kopia) visited the facilities of the National Institute of Agricultural and Forestry Innovation (INIAF) to evaluate the investment. The director of the Kopia expressed his satisfaction with the implementation of the implementation of the projects.

Price of gas exports to Brazil and Argentina increased by 43% in 2018

The prize of gas that Bolivia export to Brazil and Argentina has increased by 43% from $US4.2 for million BTU (British Termic Unit) at the end of 2017 to $US 6 for million BTU for the last quarter of this year, according to the Ministry of Hydrocarbons. Bolivia is renegotiating with Brazil a new contract for gas exports and also is negotiating with Argentina an adjustment to the current contract.

Bolivia aims to ensure cobalt production for lithium batteries

Bolivia looks to guarantee that it has enough cobalt reserve to ensure the production of lithium batteries in the country. Cobalt, next to lithium, is a key component for the production of lithium batteries. Government representatives have recently inspected San Luis Mine in Potosi to ensure that the country has enough reserves of cobalt, so the production of lithium batteries in the country can go ahead.

“Fonplata wants to become a development bank “

The Governors assembly of the Financial Fund for the Development of the River Plate Basin (Fonplata) approved the modification of its charter to enable the transition from a financial fund to a development bank. The change will allow the incorporation of new partners and the establishment of strategic alliances with other development agencies and banks.