Mining reversals generated a deficit of almost $1 mn in AJAM in 2019

The Autoridad Jurisdiccional Administrativa Minera (AJAM) recorded a deficit of Bs 6.2 million ($890,804.6) due to lower collection of mining patents. Total income in 2019 was Bs 51 million ($7.3 mn), exceeded by expenses of Bs 57.2 million ($8.2 mn). Since 2014, the AJAM has been executing reversions of rights over mining areas established in Supreme Decree 1801, which regulates the procedure for no exploitation activities under Law 403 of September 2013.

Source: Página Siete