Category: Business

Information regarding the business sector.

Bolivia: Stemming gas reserves decline

By E. Dunphy, ACA Natural gas has played a key role in Bolivia’s economy, notably over the last 15 years where production has more than doubled from 2003 levels to reach 1654mmscf/d in 2017. However, under-investment in exploration now sees the country boasting a reserves life of a […]

Bolivia aims to ensure cobalt production for lithium batteries

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.

Gas negotiations with Brazil and Argentina could impact volume of shipments

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.

Bolivian mine loss millions of dollars because of​ illegal operations

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”.