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Bloomberg reported Bolivia’s government took over Glencore International Plc (LSE:GLEN)’s Colquiri tin and zinc mine to boost its control over the mining industry.
Bloomberg reported Bolivia’s government took over Glencore International Plc (LSE:GLEN)’s Colquiri tin and zinc mine to boost its control over the mining industry.
As quoted in the market news:
State mining company Comibol will manage the mine, which was sold off by the government in 2002, Vice President Alvaro Garcia Linera said today after revoking Glencore’s license. Glencore acquired the mine from former president Gonzalo Sanchez de Lozada in 2005.