Bolivian government is willing to compensate South American Silver Corp for revoking its concession on the Malku Khota project, but it will be far less than the 16 million dollars the company says it has invested, the country's vice president said on Thursday.
Canadian company is protesting Bolivia's decision to revoke its licence to mine a rich silver deposit in the country and nationalize the project.
Bolivia will consider nationalizing Canadian miner South American Silver Corp's silver property, President Evo Morales said on Sunday, following violent indigenous protests against the mining project.
Bolivia's police ended a violent mutiny and went back to work on Wednesday after reaching an accord with government ministers and the police leadership on pay and disciplinary rules, satisfying lower-ranking officers who had rejected a previous deal.
Rebel police clashed with pro-government supporters Monday outside Bolivia's presidential palace in the capital La Paz on the sixth day of a mutiny demanding better pay.
Striking Bolivian police officers have rejected an accord with the government four days into a nationwide strike to demand higher wages. The protesting rank-and-file police burned copies of the agreement during marches across Bolivia Sunday and said they would elect new representatives.
Iran's President Mahmoud Ahmadinejad stopped in Bolivia Tuesday en route to the Rio+20 summit in Brazil, to court support from another Latin American nation which has tense ties with the United States.
As anticipated in the opening speech of the 42 OAS General Assembly hosted by landlocked Bolivia, President Evo Morales put on the discussion table his country’ aspiration for an outlet to the Pacific Ocean linking it to Argentina’s sovereignty dispute with the UK over the Falklands/Malvinas Islands.
Bolivian president Evo Morales announced on Monday he will request at the coming Organization of American States, OAS General Assembly to be held in Cochabamba that the issues of Malvinas Argentine sovereignty and a sea outlet for Bolivia be discussed.
India’s Jinda Steel & Power's ambitious Bolivian project to mine 20 billion tons of iron ore is at risk after the Bolivian government encashed yet another 18-million dollars bank guarantee from the Indian firm for not meeting contractual terms.