MercoPress. South Atlantic News Agency
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Bolivia’s Morales nationalizes zinc and tin mines licensed to Swiss group
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
Comments
Disclaimer & comment rulesAnd this is one of the reasons why most of South America is still stuck in the dark ages.
Jun 11th, 2012 - 06:35 am - Link - Report abuse 0How 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!
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 0Apologies you are correct, I will talk about specific countries like the ones I mentioned in the future.
Jun 11th, 2012 - 10:08 am - Link - Report abuse 0Xect
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 0Time to annex a few US and Chinese multinational companies, I think.
Jun 11th, 2012 - 10:50 am - Link - Report abuse 0I mean, whenever did annexation start a war .... ?
Bolivia, Venezuela, Cuba and Argentina all politically and economically inept.
Jun 11th, 2012 - 07:27 pm - Link - Report abuse 0Yawn, Nothing to see here
Jun 11th, 2012 - 08:09 pm - Link - Report abuse 0Commenting for this story is now closed.
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