A Heart-Breaking Headline
I will do some digging and report on this further tomorrow:
Bolivia plans to expropriate minesMines were sold to private interests by earlier governments
Bolivia's President Evo Morales plans to expropriate zinc, silver and tin mines sold off by previous governments, an official said.
Morales will announce a decree May 1 to "dismantle the privatization model," said Nicolas Fernandez, a spokesman for state mining company Corp. Minera de Bolivia, known as Comibol.
"The government is recovering all the privatized companies," Fernandez said today in a telephone interview from La Paz. "When the decision is taken, Comibol will be ready to manage these mines."
Comibol may rescind contracts with companies including Glencore International AG, Pan American Silver Corp., and Coeur d'Alene Mines Corp., La Paz-based newspaper La Razon reported today, citing Comibol President Hugo Miranda.