Monday, February 22, 2010

Bolivia To Build Two New Zinc Plants

Bolivia is to build two new zinc plants in US$500 million over the next three years.

The plants, in Oruro and Potosi are expected to produce 200 tonnes of zinc each year.

The Bolivian Mining Corporation, Comibol, will bid for the building of both plants, which are expected to begin production in 2013.

Bolivia’s zinc exports rose from 385 tonnes in 2008 to 429 tonnes last year bringing in US$685 million in revenues, though a fall in the price of zinc meant that this figure was 7 per cent lower than in 2008.

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