Bolivia Takes Over Private Zinc, Tin Mine

IBTimes reported Bolivia has purchased a private zinc and tin mine currently owned by a Swiss company.

As quoted in the market news:

The government announcement followed a meeting over the weekend with union leaders from the Bolivian Miners’ Trade Union Federation (FSTMB) and other organizations from the Colquiri mining district to discuss the takeover, Mr. Quintana said.

Mr. Quintana said the changeover from private sector to the state-owned would be “well ordered to avoid putting the mining business at risk.”