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As rising gold prices fuel environmental destruction, communities in the country's biodiverse heartland are passing laws against mining Mahogany trees tower above Herminio Mamani as he tends his cacao farm in Bolivia's biodiverse north-west. A former president of El Ceibo, the country's largest organic cacao co-operative, he says the agroforestry model used by its 1,300 members is vital not only to maintain the quality of the cacao they produce, but also for keeping gold mining at bay.“We cacao producers would never kill an animal here,” he says, parrots squawking nearby. “The parcels [of land] can never be monocultures – all the crops grow together.” Continue reading......
Bolivia's new government is canceling a planned zinc project awarded to a Chinese consortium and will demand that another Chinese firm fix shortcomings in a steel-making complex....
Bolivia's central bank has resumed purchases of domestically mined gold to bolster foreign reserves, introducing a new US dollar reference price and stricter guidelines to avoid irregularities....
Bolivia's new government plans to create a gold bank with public and private capital to ensure sustainable mining and marketing practices, Finance Minister José Gabriel Espinoza said....
In recent months, the Central Bank of Bolivia (BCB) has executed forward contracts on gold worth nearly $1bn, raising questions about the legal framework, transparency of operations and long-term implications for the economy....
Politicians have long promised the critical metal will rescue the economy but Indigenous locals say the push to exploit vast reserves threatens the ecosystem and their livelihoods• Photographs by Sara Aliaga TiconaGrowing up near Bolivia's Uyuni salt flats, Franz Alí Ramos remembers playing in the high-altitude wetlands near his home during the rainy season. “It was a beautiful recreation area for us and for animals,” he says.Now, the wetlands have given way to cracked, sunbaked earth – a change that Alí Ramos blames on nearby operations by Bolivia's state lithium corporation, Yacimientos de Litio Bolivianos (YLB). The government has recently signed lithium mining contracts with two foreign companies – one Russian and the other Chinese – and residents fear more serious damage is yet to come. Continue reading......
Die südamerikanische Andennation gilt als das lithiumreichste Land der Welt. Und kommt bei der Erschließung des Potentials trotzdem nicht voran. Die Gründe dafür sind vielschichtig....