Fresh off the expropriation of the Quinto smelter, Bolivia’s president has now set his sights on the troubled Malku Khota project, a target of violent protests and kidnappings.
RENO (MINEWEB) – Bolivian President Evo Morales reportedly told a farmers’ group Sunday that Bolivia will consider nationalizing South American Silver’s silver property. Morales stressed he had not made a final decision on whether or not to revoke the concession for the Malku Khota project, Reuters reported.
“Nationalism is our obligation, I already raised the issue of nationalizing [the Malku Khota project] last year, and I told [local residents] to reach an agreement, because when they want, we’re going to nationalize,” he said.
In a statement Sunday, South American Silver said Bolivian authorities “continue in their efforts to restore peace and order to the Malku Khota region in the face of acts of aggression being perpetrated against law-abiding local indigenous communities, police, the company’s employees and its local contractors.