The Milenio Foundation has just issued an interesting and however stressing report on El Mutun, I thought about translating just the questions they raise at the end, however, I concluded that some of you would like the whole report, so here it goes: El Mutun continues to remain an open question, No.151 – June 15,…
Tag: El Mutun
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…
El Mutun’s uncertain development…, May 2012
El Mutun’s future is uncertain, thousand of jobs will continue to be non-existent and the dream of a metallurgy is fading away like a bad mirage. This cartoon is from Los Tiempos, May 9, 2012: Title: “Jindal is looking for a new contract on the Mutun” boy: “dad, is it fair or not that Jindal…
Potential setback for Santa Cruz and Bolivia, will the Mutun remain unproductive?
Natali Vargas from Pagina Siete, highlights what may become a major disappointment for Santa Cruz and less revenue for all Bolivia, over the short run: Jindal Steel and Power Limited (JSPL) is already not taking into account the draft steel of the Mutún in their estimates of investment and profits in the future, as it…
Jindal’s seeking arbitrage against Bolivian government
El Deber reports today: Arbitration was initiated by Jindal Steel Bolivia (JSB); and it is an antagonistic signal, said Vice President Álvaro García Linera; who asserted that the Government will assume a legal defense. In turn, the Manager of JSB, Jaime Valencia, expected that the measure does not cause conflict with the Bolivian State. García Linera…
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