Mining company San Cristobal extract in 2017 a total of 634,000 tonnes of zinc-silver and plumb-silver concentrate. According to former Mining Minister, Dioniso Garzon, San Cristobal’s production is equivalent to 50% of all extractions in Bolivia and represent around 25% of the incomes.
“State-owned companies produced Bs. 51,360 million in incomes between 2006 and 2017, said Veronica Ramos, director of the Technical Bureau for the Strengthening of the Public Enterprise (OFEP).
Bolivia is in contact with Brazil and Argentina to review the gas agreements with the two countries. According the Hydrocarbons Minister, Luis Alberto Sanchez, said that the negotiations will impact on the volume of shipments but it can be expected that the prices will not change. However, regional authorities in Bolivia feared that the new contracts will have a negative impact on royalties.
China’s high demand of raw materials has contributed to the de-industrialisation in Latin America, warned the Economic Commission for Latin America and the Caribean (ECLAC). According to Zebulun Kreiter, ECLAC’s Economic Affairs expert, the situation in Bolivia is one of the most acute because 95% of the exports to China are raw material.
Bolivia’s gas production has fell from about 54-55 million cubic meters per day to 37 million, which represents a decrease of about one third, alerted regional authorities in Santa Cruz.
Bolivia registered an inflation of 0.18% in October. Annualised inflation reached 1.31% according to the State National Statistics Institute (INE).
The Bolivian Government is considering reducing the volumes of gas exported to Argentina but it also expected an extension of the contract until 2030. Bolivia’s Hydrocarbons minister, Luis Alberto Sanchez, confirmed that new volumes are being negotiated but this will imply that the contract will not end in 2026 but in 2030.
Bolivia and Paraguay will analyse the possibility of building a gas pipeline between the two countries. Bolivia’s Hydrocarbon Minister, Luis Alberto Sanchez and Paraguay’s Public Works Minister, Arnoldo Wiens Duersen, signed a memorandum of understanding that includes the development of a feasibility study for the construction of the pipeline.
Bolivia’s external debt reached $US 9,830 million in the first nine months of 2018. The amount of debt increased 11% from the same period in 2017.
Eight of nine companies nationalised during the Evo Morales administration are still registered as public limited companies and operate as subsidiaries of YPFB. According to economy specialist Luis Fernando García, the government only acquired the majority of stocks on this companies, but they weren’t strictly nationalised.