Bolivian state miner Comibol plans to invest US$155million in the sector during 2009, a spokesperson from the country’s mines and metal ministry told BNamericas. “The government expects to make over US$50million of investments during 2008 and the goal is to triple those investments next year,” the spokesperson said.
A large part of this year’s capital spending will go into Bolivia’s largest tin mine, the Huanuni operation in Oruro department. Some $21.5 million is being spent on developing reserves at the lower levels of the mine and in preparatory work for a trebling of milling capacity to 3,000 tpd. Comibol plans to increase production at Huanuni from 7,669 tonnes in 2007 to over 13,000 tpy from 2010.
