Bolivia’s largest tin mine reported a first half profit of US$29 million, which will be re-invested in new equipment. Business News Americas, quoting local press reports, said that the Huanuni mine, operated by the Empresa Minera Huanuni (EMH) division of Comibol, delivered 3,914 tonnes of tin-in-concentrate to the Vinto smelter in January-June.
“Those funds will be reinvested in our operations for things like equipment and machinery that we need to keep working,” EMH’s CEO Roberto Montaño was quoted as saying.
In June, the Bolivian government guaranteed a US$84 million investment to upgrade the Huanuni mining district and take advantage of the favourable environment for the price of minerals. The investment programme could boost the mine’s production to over 13,000 tpy from 2010.
