Gabriel H. Sanchez writes for BuzzFeed: A Dark And Harrowing Journey Into A Bolivian Mine Photographer Theo Stroomer investigates the treacherous gold, silver, and lead mines of Bolivia. Mining represents a Devil’s bargain for Bolivia, providing the miners subsistence in return for their health and severe damage to the environment. Darkness envelopes the main entrance…
Category: Mining
Why Foreigners Fall for the Evo Morales House of Cards
Roberto Ortiz superbly describes how current ochlocracy is ruling Bolivia: Why Foreigners Fall for the Evo Morales House of Cards Statistics Gloss Over Bolivia’s Lack of Development, Bubble Waiting to Pop Roberto Ortiz November 12, 2014 at 8:14 am Given the expected victory of President Evo Morales, there are many people — in most cases…
Bolivia is not taking the right approach to protect Cerro Rico
Pagina Siete reports: PRESERVATION Sergeomin tasks began prospecting in the Cerro Rico The Geological Mining Service (Sergeomin) started from mid-October to draft mining geological prospecting in the southern extension of the Cerro Rico (hills Huakajchi Grande and Chico). The new areas will serve to relocate cooperatives. “Officially began the campaign of geophysical survey (IP and…
Bolivia’s Rare Bond Sale Proves a Warning to Yield Hunters
From Bloomberg BusinessWeek, although over a year old of being written, it holds fully: Bolivia’s Rare Bond Sale Proves a Warning to Yield Hunters By Nathan Gill and Veronica Navarro Espinosa January 24, 2013 Bolivia’s first international bond sale in almost a century is turning into a cautionary tale for fixed-income investors trying to bolster…
Bolivia gov neglects to acknowledge we are entering economic crisis!
Humberto Vacaflor writes in El Diario: The economic adjustment The government does not accept the crisis, is taking steps to try to reduce its effects but certainly their habit makes them insists and announce monumental works such as Palacio Quemado 2. Using wrong numbers by mistake or on purpose, it does not seem advisable. Probably…
Fall in the price of gold results in laying off 185 miners, it is just starting…
Gregory Beltran reports for La Prensa: Inti Raymi gold, ABOUT TO SUSPEND OPERATIONS GOLD FALL LEAVES OUT in the STREET, 185 MINERS A total of 185 gold miners from the company Inti Raymi, Oruro, received letters of notice. Entrepreneurs told them that the decision to dispense with their services is due to the falling price…
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