Day: Feb 12, 2020

Bolivia consumes 120 tons of mercury per year for gold mining

Statistics from both the Ministry of the Environment and the International Mercury Observatory show that mercury consumption in the country is above 120 tonnes per year for gold activities. In Bolivia, adequate mechanisms for controlling the use of mercury in gold mining activity are lacking, and only 250 of 1800 cooperatives are environmentally licensed, an essential document for their operations.

Bolivian Stock Exchange: total transactions amounted to $11.8 bn in 2019

he Bolivian Stock Exchange (BSE) moved $1.8 billion in 2019, a figure lower than 30% than in 2018, due to the uncertainty generated by the cancelled elections of October 20 and more inferior liquidity in the market. However, demand for companies seeking to finance the public stock exchange grew; $550 million placed in new broadcasts in 2018 and $750 million in 2019. The outlook for 2020 is to reach $12 billion traded.

ENDE is reviewing $397 mn hydroelectric project which is at a standstill

The Miguillas hydroelectric project costs $397 million. The work involves the construction of two cascading hydroelectric plants, a dam with a height of 29 meters, 22 kilometres of water conduction tunnels and 100 kilometres of access roads, to increase electricity generation by 204 MW, to inject into the National Interconnected System. In 2014 it was awarded to the Spanish company Isolux Corsán Corviam, a company that went bankrupt in Spain and abandoned the works in 2017. ENDE was in charge of the project and subcontracted the Chinese company Railway to build the tunnels and access roads but left the project in November 2019.