The coronavirus pandemic has seen a readjustment of the work schedule of the new plant being built in Sucre, Bolivia, by Fancesa as COVID-19 forced a 70-day quarantine upon the project. Start-up of the cement plant is now expected in the first quarter of 2021. While the project currently stands at 91 per cent completion, the remaining share of the work is the “most complicated”, according to Armin Cortez, chairman of the Board.
The government of Cochabamba transferred 12 million bolivianos ($1.7 million) to the municipalities of that region, destined for laboratory equipment and the acquisition of biosecurity equipment for coronavirus testing. A total of Bs. 6 million will go to the purchase of biosecurity equipment and the rest to laboratory equipment.
Development Bank BDP launched a credit line of Bs.800 million ($116 million) to support the micro business sector in Bolivia. The credit will be targeted to companies that require working capital following the negative effects of Covid-19. Source: El Día
Oil prices plunged on Thursday as investors worried about the risk of a second wave of Covid-19 and doubts about the dynamism of the economy's recovery. The WTI barrel in New York for July delivery lost 8.2% to $36.34. And in London the North Sea Brent barrel for delivery in August ended at US$ 38.55, … Continue reading Oil prices dropped 8% due to fear of second wave of Coronavirus
Bolivian state-run iron ore and steelmaking company Empresa Siderurgica del Mutun (ESM) plans to export 250,000 mt of iron ore to clients in Argentina and Germany by year-end, the Bolivian ministry of mining said. ArcelorMittal’s Argentinian subsidiary, Acindar, and ThyssenKrupp in Germany should get the commodity. The 250,000 mt iron ore shipment should generate $7.1 million in revenues.