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Bolivian tenement authorities stressed that the Bolivian government does not allow mineral rights transactions

Bolivian tenement authorities stressed that the Bolivian government does not allow mineral rights transactions

12/23/2016

According to Bolivian Constitutional Decision 032/2008, the Bolivian Mining Law No. 535 and the Bolivian Constitution, the Bolivian Minerals Authority said in a press interview that Bolivia has more than 25 mining concessions so far, according to Bolivia's October 7 report. The agreement is not legal, these mines will be recovered state-owned.

Bolivian legal adviser JOSE ENCINAS said that at present has been found to have 25 mines were transferred to foreign, private or cooperative mining enterprises, the Bolivian government is still aware of the rest of the similar situation in these transactions, there is loss of public and private phenomenon. He stressed that according to Bolivian law, mineral rights are not allowed to be bought, mortgaged or inherited because natural resources are public assets under the Bolivian Constitution, ownership of which belongs to the State and may not be transferred to private hands.

Bolivian government officials in an interview with a Chinese-funded enterprises involved, for example, emphasizing the legitimate investment and benefits of foreign-funded enterprises, the Bolivian government in the above process to give consideration and protection.

I mineral enterprises in recent years gradually increased investment in Bolivia, is now more than 10, and in the Bolivian Chamber of Commerce in the framework of Chinese-funded enterprises set up under the mining branch. Bolivian government-related mining policy direction and I invest in related areas of security issues worthy of attention and attention.

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