Bolivia’s Morales nationalizes zinc and tin mines licensed to Swiss group

Monday, June 11th 2012 - 05:38 UTC

Full article 7 comments

Bolivia announced on Sunday the nationalization of the mining company Colquiri to the west of the country and which belongs to the Swiss group Glencore. The announcement by Minister of the Presidency, Juan Ramon Quintana, followed a meeting with the mining unions and the villages from Colquiri region. Read full article

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Xect
And this is one of the reasons why most of South America is still stuck in the dark ages.

How to ruin your economy; lesson one steal from foreign investors.

Venezuela the role model of corrupt and failed economies now mimicked by Argentina with Bolivia close behind!
Jun 11th, 2012 - 06:35 am - Link - Report abuse 0
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ManRod
Xect, talk about these specific countries, as NOT all south american countries act like this. We wouldn't consider putting all European countries on the same level as the belorussian dictatorship or the lazy greek corruption pot.
Jun 11th, 2012 - 09:10 am - Link - Report abuse 0
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Xect
Apologies you are correct, I will talk about specific countries like the ones I mentioned in the future.

Xect
Jun 11th, 2012 - 10:08 am - Link - Report abuse 0
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Britworker
South American investment is looking rather unattractive right now, I cant see Brazil and Chile being very happy about this. Please invest in our country but if your a success we will take your company from you, perhaps this is the Falkland Islanders downfall, the have become too successful.
Jun 11th, 2012 - 10:31 am - Link - Report abuse 0
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GeoffWard2
Time to annex a few US and Chinese multinational companies, I think.
I mean, whenever did annexation start a war .... ?
Jun 11th, 2012 - 10:50 am - Link - Report abuse 0
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Brit Bob
Bolivia, Venezuela, Cuba and Argentina all politically and economically inept.
Jun 11th, 2012 - 07:27 pm - Link - Report abuse 0
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rnbgr
Yawn, Nothing to see here
Jun 11th, 2012 - 08:09 pm - Link - Report abuse 0
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