Almost three years of signing a contract with the Chinese Sinosteel, Bolivia’s government expects the first disbursement to finance the construction of a steel plant in Mutun. The project was announced in 2016, and it should be funded with a Chinese credit. The Mining Minister announced that in the next days the first disbursement should be in place.
YLB & ACI Systems were created yesterday by the representants of Bolivia and Germany. Through the joint venture agreement, Bolivia will provide the lithium commodity while the German company will provide the technology to create lithium batteries. The operation will only cover 0.4% of the total area of the Salar de Uyuni that reaches 10,000 square kilometres.