Category: Business

Information regarding the business sector.

Bolivia will export quinoa to China

Bolivia will export its first shipment of quinoa to China through the Peruvian port of Ilo, announced president Evo Morales. Bolivia has a concession in Ilo, and president Morales said that 40 tonnes of the traditional Andean cereal will be sent to China this week. He added that the use of the Peruvian port will help to avoid the delays and problems that Bolivian exports suffer in Chile. Morales stated that although the volume is low, it is the first effort to open the Chinese market.

CBN and Embol ranked as the most reputable firms in Bolivia

Cerveceria Boliviana Nacional (CBN) and Embol Coca-Cola were listed as the most prominent firms in Bolivia by MERCO Empresas, an international firm that analyses the reputation of companies in Spain and Latin America. According to MERCO, CBN is the company with the best reputation in Bolivia, followed by Embol. In the area of corporate social responsibility and corporative governance, Embol heads the ranking followed by the Cooperative Rural de Electrificacion (CRE) and CBN.

Mallku Khota needs $US620 million in investments

The Bolivian government has invested Bs.50 million in Mallku Khota mine since its reversion to the state in 2013. However, the Mining Minister, Cesar Navarro, noted that the project needs an injection of $US620 million to allow the exploitation of 15,000 to 40,000 tonnes of minerals per day. He added that the government consider a joint venture for the project.

$US 4 million to produce biofuels in Bolivia

San Buenaventura Sugarmill (EASBA) could invest $US4 million in the production of bio-ethanol, according to its manager, Ramiro Lizondo. The investment would be destined to the construction a dehydration plant with a capability of at least 200,000 litres per day. Enough to allow the company to compete in the biofuels market in Bolivia.

Petrobras contemplate reducing to half purchases of Bolivian gas

Petrobras is considering to buy less Bolivian gas, according to the Brazilian publication O Globo. The president of Petrobras, Roberto Castello Branco said that he wants to review the contract with Bolivia. Under the agreement, Petrobras is committed to buying 24 million cubic metres (Mcm) of gas per day, and there were moments that the shipments reached 30Mcm per day. Petrobras wants to buy only 15Mcm as the demand in the local market was low, and the company has enough reserves to cover the domestic market.

Bolivia will pay $US18 million for reversion of mine in Potosi

An international arbitration court ruled that Bolivia should pay $US18 million to South American Silver Limited for the reversion of Mallku Khota mine in Potosi. South American Silver, a Canadian firm, demanded Bolivia in 2013 asking for $US 385.7 million in compensation. The government insisted that the Canadian company invested $US18 million and offered to pay only this sum. The international arbitration court ruled in favour of Bolivia in this case.