Bolivia boosts mining exports, output in 2018

Bnamericas Published: Saturday, January 12, 2019
Bolivia boosts mining exports, output in 2018

Bolivia increased both mining exports and production last year as private companies ramped up output and state mining company Comibol restarted several operations.

The Andean country boosted minerals exports by 3% to almost US$4bn in 2018, deputy mining minister Gualberto Hochkofler said. Bolivia posted US$3.72bn in minerals exports in 2017, according to the foreign trade institute (IBCE).

The sector produced a record 1.31Mt of concentrates last year, a 26% increase, Hochkofler told state news agency ABI, without providing further details. Cooperatives for 20% of production and state mining company Comibol for 10%.

While the mining ministry has yet to publish 2017 numbers, Comibol's Vinto tin smelter reported production fell 13% to 11,000t last year after halting operations for repairs. The Amayapampa gold mine, meanwhile, started production last year.

Mining investment, led by state spending, totaled US$369mn last year, while the industry paid out US$182mn in royalties, the official said. The bulk of royalties was allocated to key mining regions Potosí, La Paz and Oruro, he said.

Bolivia's mining industry, led by Glencore, Pan American Silver, Sumitomo, Argentum, Orvana Minerals and Franklin Mining, produced 17,460t tin, 486,955t zinc, 89,510t lead, 47.7Moz silver, 12,810kg gold, 8,718t copper, 1,399t tungsten, 2,669t antimony, 43,253kg bismuth and 2,940t iron ore in 2016, the latest full-year figures available.

Bolivia's mining production is expected to post further gains this year, Hochkofler said.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Mining & Metals (Bolivia)

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Silver Sand
  • Current stage: Blurred
  • Updated: 2 weeks ago
  • Project: El Mutún
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: Mallku Khota
  • Current stage: Blurred
  • Updated: 2 months ago
  • Project: Iska Iska
  • Current stage: Blurred
  • Updated: 2 months ago
  • Project: Negrillos
  • Current stage: Blurred
  • Updated: 4 months ago
  • Project: Silverstrike
  • Current stage: Blurred
  • Updated: 4 months ago

Other companies in: Mining & Metals (Bolivia)

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Empresa Metalúrgica Vinto S.A.  (Vinto)
  • Bolivian state tin producer Empresa Metalúrgica Vinto (EMV) is engaged in the production of high grade metallic tin ingots. The company receives and processes concentrates from ...
  • Company: Servicio Geológico y Minero  (Sergeomin)
  • Bolivia's geology and mining service Sergeomin is a decentralized body of the government responsible for gathering basic geological data fromx the country. Its tasks include the...
  • Company: Gobierno Autónomo Departamental de La Paz
  • The Autonomous Department of La Paz Government (GADLP) is a government body that develops and carries out investment projects in the Bolivian department of La Paz. Among its man...
  • Company: Empresa Minera Corocoro
  • Empresa Minera Corocoro (EMC), a subsidiary of Bolivian state mining company Comibol, was founded in 2010. The company operates the country's first hydrometallurgical plant to p...
  • Company: Empresa Minera Huanuni  (EMH)
  • Empresa Minera Huanuni (EMH), created in 1883 as Sociedad Mineralógica Tellez Huanuni, is a Bolivian company based in Oruro, under the Corporación Minera de Bolivia (Comibol) wh...