Off the wire
• Petrobras leadership quits in wake of corruption scandals  • Thai premier to hold trade talks with Abe in Tokyo  • Vietnam's HCM City ranks on top 20 "dynamic" global list  • Hong Kong shares up 0.56 pct by midday  • Vietnam's export growth to continue slowing this year: HSBC  • UNASUR pledges support for Venezuela to counter U.S. "aggressions"  • New Zealand seeks to expand links with Arab nations  • Cave tombs discovered in Xinjiang  • Creating parks key to fighting weight gain: New Zealand study  • Kodak to continue supplying film for Hollywood studios  
You are here: 　 Home

Bolivian president talks about possibility of nationalizing more mines

Xinhua, February 5, 2015 Adjust font size:

Bolivian President Evo Morales Wednesday talked about the possibility of nationalizing more of the country's mining industry.

Morales said if it is beneficial, he "wouldn't hesitate" to continue the nationalization drive which started from the oil and gas sector in May 2006. Then Morales nationalized some mines and strategic companies, such as electricity providers.

The Unions Federation of Bolivian Mining Workers (FSTMB) shows the moment that "nationalized or state-owned enterprises are profitable for the state, neither the president nor the accompanied Vice President Alvaro Garcia would hesitate to nationalize privately owned mines", Morales said at an event in western Oruro department, according to Bolivian daily La Razon.

The event marked the inauguration of Huanuni, a new Chinese-built state-run mining plant, which can double mineral processing capacity from 1,500 to 3,000 tons a day, the Bolivian News Agency (ABI) said.

In 2011, FSTMB called on the government to nationalize the country's largest mines, including San Cristobal, Manquiri, San Vicente and Sinchi Wayra at its 31st congress, the daily said. Endi