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.
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”.
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.
Acording to the Anti-corruption Prosecution Office, the transportation brand of the State Oil company, YPFB Transportation, has not been nationalised. Anti-corruption prosecutors reach to this conclusion three years after a trade union leader close the ruling MAS were accussed of improper use of state property.
Bolivian oil state company, YPFB, needs to plan a more competitive strategy to negotiate gas contracts with Brazilian private firms in an adverse political panorama with the arrival of Jair Bolsonaro to the presidency.
Yacimientos de Litio Bolivianos (YLB) CEO Juan Carlos Montenegro said that its strategic partner ACI Systems will provide Bolivian lithium batteries to German car maker Volkswagen.
The Government has not yet approved the regulation regarding ” the Social Enterprises Act”. Factory workers are demanding that the Administration pay the debts of social enterprises.
Expertos destacaron el salto industrial de Bolivia en la producción de cloruro de potasio (fertilizante) y baterías de litio, durante el Foro Iberoamericano Comercial “Uso potencial de fertilizantes potásicos y baterías de litio en sistemas fotovoltaicos”.
El presidente de YPFB, Óscar Barriga, y ejecutivos de la empresa Integración Energética Argentina Sociedad Anónima (IEASA), que antes era Enarsa, mantuvieron una reunión reservada entre el lunes y martes pasado en Santa Cruz.