Bolivia mining exports decline through April

Bnamericas Published: Saturday, June 04, 2016

Bolivia's mining exports dropped 9.6% year-on-year to US$524mn over the January to April period, the government said.

Exports of zinc, lead, copper, tin, silver, gold, tungsten and antimony minerals declined from US$579mn a year ago, the Andean country's national statistics institute said in a statement.

Exports fell because of declining metals prices, while state mining company Comibol was forced to close both its Karachipampa silver-lead smelter and the El Mutún iron ore mine last year.

Zinc exports dropped 8.9% to US$245mn, while silver fell 7.1% to US$190mn and copper plunged 58.8% to US$8.4mn, according to the institute. Gold declined 24.1% to US$7.2mn, while tungsten and antimony both fell by about half to US$4.6mn and US$1.1mn, respectively, it said. Lead rose 20.9% to US$51mn, while tin fell 3.5% to US$4.6mn.

Refined gold exports, which are reported separately, slid 4.4% to US$246mn, the agency said. Refined silver fell 13.0% to US$28.6mn, while copper cathodes plunged 63.8% to US$1.3mn, according to the agency. Refined tin dropped 8.5% to US$87mn, while antimony plummeted 67.5% to US$3.1mn.

Overall, Bolivian exports dropped 30% to US$2.17bn from US$3.11bn a year earlier. Oil and gas exports, which slumped by half to US$770mn in the period, accounted for the bulk of the total.

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

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