Bolivia expects to register average annual growth of 4.5% in refined production over 2020-2024.

A stabilisation in tin prices will support capacity expansions at Bolivia's key tin mines, Colquiri and Huanuni, both owned by the state-owned-enterprise (SOE) Comibol while another Comibol subsidiary, EM Vinto, manages smelting operations. In the country's Economic and Social Development Plan 2016-2020, Bolivia outlined plans to attract private investment along with the state company in order to undertake prospecting and exploration, as well as increase production capacity at Colquiri and Huanuni. The government had approved $75mn in funding for a new processing plant at Colquiri, which will be targeted for completion in 2020 and could double output at the mine.