Chinese Firms Awarded $50 Million Contract To Build Bolivia Tin Plant

Fox Business reports that a Chinese engineering group has been awarded a $50 million contract to build a new tin processing plant.

The market news is quoted as saying,

In 2010, Bolivia was the world’s six-largest tin producer according to the tin industry monitoring group ITRI.

Vicstar Union Engineering, a venture formed by China’s Shenzhen Vicstar Imp. & Exp. Co. and Yantai Design and Research Engineering Co. Ltd of Shandong Gold Group, will build the new plant near the Huanuni plant, Bolivia’s mining ministry said in a statement.

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