The Bolivian State Oil corporation (YPFB) pays to sugar mills in the country up to 26.7% more for ethanol than the market price in Brazil. Sugar mills are paid $US0.71 cents per litre while in Brazil the price is $US0.52 cents.
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During the first semester of 2018, Bolivia exported more than $US 2 billion in metals. The Vice-Minister of Mining, Gualberto Hochkofler, said that the volume of exports increased by 17% compared to the same period of 2017.
Bolivia’s lithium state corporation (YLB) Juan Carlos Montenegro, announced that Bolivia will ship its first 15,000 tonnes of potassium chloride to the Brazilian market by the first week of December.
Bolivia’s state lithium corporation (YLB) ordered to proceed with the building of a lithium carbonate industrial plant from this month in Uyuni. YLB’s CEO Juan Carlos Montenegro said that the construction of the plant corresponds to the second phase of the industrialisation of lithium in Bolivia.
Illegal extraction of tin in Huanuni, one of the most important mining centres in Bolivia, have caused the loss of $US2 million in the first eight months of this year. The former president of Bolivia’s Mining Corporation (COMIBOL) Hector Cordova, warned that there is a lack of scientific control of the mining activities that favour the illegal extraction of tin, an activity known as “juqueo”.
The Bolivian Exporters Association (CANEB) proposed to boost the development Puerto Bush (on the Paraguay-Parana waterway) after the Government announced the creation of $US250 million fund for the project.
Bolivia will execute Argentina’s guarantee bond for two unpaid bills for gas exports, said Bolivia’s Hydrocarbons Minister, Luis Sanchez. He added that he would visit Argentina next week to address the issue.
A Bolivian delegation, composed by the government and business representatives, is flying to China with the aim of selling cow meat to the Asian country. The livestock industry hopes to initially export 25,000 tonnes to China.
Bolivia’s Hydrocarbons Minister, Luis Alberto Sánchez, said that the gas sales contract to Brazil would not end in 2019 as it could be extended for five years more.
Since Argentina announced a reduced in the demand and the contract with Brazil is almost at its end (2019), Bolivia faced an adverse scenario for its gas exports, noted Bolivian energy expert, Carlos Miranda.