As a result of blockades and pressures, the government has shown, one more time, the worst possible scenario at a time when they also want to attract foreign capital. Jindal is on their way out, and some government officials were saying other companies will be hired… Current Bolivian president is on a trip to Europe…
Category: Mining
What happens when a government nationalizes private ventures?
Milenio Foundation is a very reputable and serious think tank in Bolivia. They just published their Report “New nationalization cycle” No.150, dated June 8, 2012. To nationalize is to capture private companies and convert them to state-owned; in Spanish it is also called ‘estatizaciones’. The conclusions of this report follow: Conclusions The estimated cost of…
Jindal warns it may scrap $2 billion Bolivia project
JIndal on its way out and Bolivia left with uncertainty over this extremely important activity for our economic development. http://www.moneycontrol.com reports: Jindal warns it may scrap $2 bln Bolivia project India’s Jindal Steel & Power (JSPL) said on Saturday it was making plans to scrap a $2.1 billion steel project in Bolivia, saying the Bolivian government had…
Mining 101: in Bolivia is a difficult business
Four articles related with mining in Bolivia, appeared in newspapers yesterday; they will help understand how this business currently operates in Bolivia. From Pagina Siete: In four years there were at least 114 [illegal] mining sites’ takeovers At least 114 mineral deposits were bullied in the past four years by cooperatives and herders, according to…
Summary of Bolivian political, economical and human-rights’ events during hectic May 2012
A picture is worth more than words, in this case I decided to use cartoons to summarize a very difficult month for Bolivia. Strikes, protest marches, road and street blockades, trials, corruption, narcotrafficking, crime and violence have clouted our lives. This is from El Diario, June 2, 2012: “hate” “social resentment” and “racism” are being…
How efficient is current central Bolivian government?
Current political party in government is over six years in power, the current leader for the chapare coca growers, who is also our president keeps saying he is learning about the problems, about the solutions; in fact he shows a peculiar style to “market” himself to the people who are willing to take his word….
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