Locals seize Inti Raymi Mining Company Kori Kollo mining operation facilities and steal equipment

After taking the Kori Kollo facilities, leaders of the Villa Chuquiña community, Oruro department, began to steal equipment and materials from the place, the company denounced, while the Oruro Police reported that it would not intervene "due to lack of guarantees." Last January, some 30 locals seized the Kori Kollo facilities, which belong to the … Continue reading Locals seize Inti Raymi Mining Company Kori Kollo mining operation facilities and steal equipment

State to invest $ 345 mn in a zinc plant in Oruro

One of the projects with the highest investment announced on the occasion was the construction of a zinc smelting, refining and concentrates plant with an investment of US $ 295 million and an additional US $ 50 million for the operating part. President Arce said "the objective of this project is to contribute to the … Continue reading State to invest $ 345 mn in a zinc plant in Oruro

The municipalities of La Paz and El Alto, together with the provinces of Santa Cruz and Tarija to buy 1mn vaccine doses

For the La Paz municipality, 250,000 doses are intended, a similar amount for El Alto, and the rest in proportion will be for Santa Cruz and Tarija. Revilla, the La Paz mayor, mentioned that the vaccines could cost between 8 to 10 million bolivianos and assured that the best offer in price and supply time … Continue reading The municipalities of La Paz and El Alto, together with the provinces of Santa Cruz and Tarija to buy 1mn vaccine doses

Cochabamba: carnival cancellation to cause $100 mn in revenue loss

The decision of the authorities to suspend all activities of Carnival 2021 will cause loss in revenues of almost 100 million dollars to the department, which represents 50 percent of the more than 200 million dollars that tourist activities generate in Cochabamba throughout one year, said the head of the Culture and Tourism Unit, Uvaldo … Continue reading Cochabamba: carnival cancellation to cause $100 mn in revenue loss

Moody’s: Political risk and weak growth will affect Bolivian banking

On Bolivia, Moody's reported : GDP growth will slow due to increased political risks. Fiscal deficit and foreign exchange buffers may continue to deteriorate as budgetary and current account deficits remain large. This situation, in turn, will affect banks' business prospects and put pressure on the risk of their assets and financing and liquidity profiles. The rating agency noted that loan mandates and interest rate limits would limit the ability of financial institutions to set risk prices appropriately.