La Paz Governor’s Office lost about $5.75 mn in discounted gold mining royalties.

The Governor’s Office stated yesterday that the department of La Paz lost around 40 million Bolivians ($5.75 mn) due to a resolution passed by the previous government, which indicates that if a gold merchant claims to be a smelter or refiner, it is released from paying 40% of the mining royalty. The regulation expired in April of this year. In 2019, 42 tons extracted with an approximate value of $2 billion. For the State, only less than 50 million dollars remained.

Source: Página Siete