The Bolivian State and the Bolivian Mining Corporation (Comibol) were excluded from the arbitration process that the Indian Jindal Steel began against the state-owned Mutun Steel Company (ESM), informed the Bolivian government. Jindal seeks compensation of $US86 million after the Morales Administration executed a warranty bill for not finishing the steel project in Mutun.
“By September this year, twelve of 31state-owned companies have implemented only 24.4% of their budget, according to the Ministry of Economy.
Bolivian state-owned oil & gas company, YPFB, invested around $US38 million in seven regasification plants and spent $US 16 million in 1,506 connections for household gas that will benefit 7,530 inhabitants in Beni. According to YPFB, the nationalised company has invested $US62 million in Beni for exploration and gas distribution.
Foreign Direct Investment in Bolivia could reach this year around $US1,300 million, according to the government. The Minister of Planning Development, Mariana Prado, stressed that FDI grew in the last 12 years from $US700 million to $US1,200 million in 2017.
Spain will deliver next week its economic proposal to participate in the construction of a bi-oceanic railway, informed the Minister of Public Works, Milton Claros. Initial estimations of the project suggest an investment cost of at least $US10 billion and a construction period of 5-7 years.
The telecommunications satellite Tupac Katari has generated revenues of around $US100 million since 2014 and the number of clients exceeds the 200 companies in the country. The director of the Bolivian Space Agency (ABE) stressed that the cost of the satellite would be covered in 15 years maximum.
The investment to improve the ports on the Paraguay-Parana waterway and the bi-oceanic railway in Bolivia already exceeds the $US500 million, said the Public Works Minister, Milton Claros.
A total of $US 4.8 million from the South Korean cooperation have been invested in research and seed production projects in Bolivia. A delegation of the Korean Cooperation (Kopia) visited the facilities of the National Institute of Agricultural and Forestry Innovation (INIAF) to evaluate the investment. The director of the Kopia expressed his satisfaction with the implementation of the implementation of the projects.
The prize of gas that Bolivia export to Brazil and Argentina has increased by 43% from $US4.2 for million BTU (British Termic Unit) at the end of 2017 to $US 6 for million BTU for the last quarter of this year, according to the Ministry of Hydrocarbons. Bolivia is renegotiating with Brazil a new contract for gas exports and also is negotiating with Argentina an adjustment to the current contract.
Bolivia looks to guarantee that it has enough cobalt reserve to ensure the production of lithium batteries in the country. Cobalt, next to lithium, is a key component for the production of lithium batteries. Government representatives have recently inspected San Luis Mine in Potosi to ensure that the country has enough reserves of cobalt, so the production of lithium batteries in the country can go ahead.