[REVISION HISTORY]
Bolivian mining and industrial economic strategy
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2026-11-03 02:34 UTC → 2026-11-04 20:42 UTC ·
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The Bolivian government has identified the mining and industrial sectors as central pillars for national economic reactivation. Minister Fernando Aramayo highlighted the significant growth potential of the mining sector, noting its large workforce of approximately 80,000 affiliates and 320,000 people, while comparing current export figures of $6 billion to $6.3 billion against higher totals from regional neighbors like Chile and Peru. Following these economic priorities, President Rodrigo Paz introduced the ‘Estrategia Amazonía Bolivia’. This plan seeks to implement ‘green exploitation’ within the gold mining sector by utilizing ecological technologies to mitigate mercury contamination in water sources, protect indigenous communities, and ensure that mining activities generate royalties for local municipalities through modern, legal frameworks. However, the government faces conflicting proposals regarding economic and resource regulations. Business organizations, representing roughly 75% of the national productive sector's GDP, have proposed a new investment law to the Ministry of Economy to provide legal certainty and reduce bureaucracy. Conversely, the La Paz Departmental Workers' Central and various mining federations have rejected the government's draft for a new Mining Code. Labor leaders argue the proposed code undermines state sovereignty over natural resources, claiming they were excluded from the formulation process. These tensions emerge as To address these tensions, the country manages projected investments Ministry of up Mining has proposed a new Mining Code to $19 billion between 2026 restructure the sector. The plan involves merging the Administrative Mining Jurisdictional Authority (AJAM) with the National Service for Registration and 2030. Control of Mineral and Metal Commercialization (Senarecom). A key component is the creation of Gepromin, a new agency tasked with combating illegal mining and ‘juqueo’, or mineral theft. Gepromin would be funded by allocating 15% of resources collected by AJAM and 15% of mineral purchase system revenues, as well as through the monetization of seized equipment.
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- 2026-11-04 20:42 UTC Bolivian mining and industrial economic strategy
- 2026-11-03 02:34 UTC Bolivian mining and industrial economic strategy
- 2026-10-29 23:33 UTC Bolivian mining and industrial economic strategy
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