Bolivia’s international reserves reduced $425 million between 18 October and 1 November, according to the Bolivian Central Bank. During this year, the reserves fell $2.1 billion, from $8.9 billion as of 31 December to $6.8 billion as of 1 November.
Paitití Mining Company (EMIPA), that extracts gold, copper, silver and wolfram, will close its operations for 10 months from 17 December, due to technological conversions. Herland Soliz, Energy Secretary of the Regional Government of Santa Cruz, regretted the company’s decision and said that it contributes with 65% of the mining royalties for the region. As for this year, EMIPA already payed $3.12 million in royalties.