12-24-2019, 05:26 PM
(This post was last modified: 12-24-2019, 05:29 PM by Firestarter.)
It looks like gas and indium are more important motives for the Bolivian coup, than Lithium.
The two largest sources of indium in the world are in Canada (Mount Pleasant) and Bolivia (Malku Khota). Canada could potentially produce 38.5 tons of indium per year, while Bolivia’s mines could produce 80 tons per year (more than double the Canadian potential).
Canada’s South American Silver Corporation (now TriMetals Mining) had signed a concession to explore and eventually mine Malku Khota for which work began in 2003.
In 2011, a report for the Canadian mining company showed that the Malku Khota mine would produce substantial amounts of silver, indium, lead, zinc, copper, and gallium.
In 2005, after Evo Morales and the Movement for Socialism (MAS) won their first presidential election in Bolivia, he first nationalised the gas and oil companies.
In July 2012, Morales’ government nationalised the Malku Khota property of South American Silver Company.
South American Silver took the Bolivian government to the Permanent Court of Arbitration at The Hague. In November 2018, the Court awarded TriMetals $27.7 million from Bolivia (rather than the $385.7 million it had demanded).
Heads of mining firms made disparaging comments about the nationalisation program.
In July 2007, US Ambassador to Bolivia Philip Goldberg, in reply to a request to meet with Bolivian Vice President Álvaro García Linera, said:
A Wall Street banker reportedly commented: “If Bolivia keeps on this path, these companies will make sure that Bolivian natural gas remains underground”, Bolivia might be embargoed; and Morales assassinated: https://www.salon.com/2019/11/22/the-cou...s_partner/
(http://archive.is/jJNsE)
Bolivia has the second-largest natural gas reserves in South America, after Venezuela.
After signing a decree to nationalise the natural gas industry, on 1 May 2005, President Evo Morales took over installations by using military force. It were really the natural gas profits that boosted Bolivia’s economy more than anything else.
The state-owned Brazilian Petrobrás was among the most affected by the nationalisation, as it controlled 14% of Bolivia's natural gas reserves.
The 2 most significant foreign companies involved with the exploration of natural gas in Bolivia are Petrobrás from Brazil and the Spanish-Argentine company Repsol YPF. Others involved are Total from France, British Gas and British Petroleum as well as the US Exxon Mobil Corporation.
Bolivia’s gas profits have dropped in time. In 2018, Bolivia’s gas exports fell by about 30%, while public debt soared to 51% of gross domestic product in 2017, from 36% in 2014.
Bolivia has looked at opportunities to sell more gas to Brazil, Paraguay and Uruguay but there isn’t much (extra) demand from those countries.
Argentina has been increasing gas up sales to Brazil, Chile, and Uruguay, while decreasing its gas imports. In October, Argentine former Energy Minister Javier Iguacel said that by 2020 the country won’t need Bolivian gas.
Contracts with Bolivia’s biggest customers - Brazil and Argentina - are being renegotiated. Brazil now spends about $1.3 billion a year on Bolivian gas: https://en.mercopress.com/2019/04/23/bol...-argentina
(http://archive.is/dMcUZ)
The following story, confirms that gas is important for the newly installed Bolivian puppet regime, although it’s different than I would expect from a right wing government, supporting “free trade”...
In 2015, Morales, passed legislation to open the country's national reserves to oil and gas exploration.
In 2017, Bolivian state oil company YPFB formed 2 joint ventures with the Brazilian state company Petrobras to explore and develop the Astilleros and San Telmo Norte blocks, on Bolivia's border with Argentina. Petrobras would invest $676 million in the projects, of which it owns 60%, while YPFB would own 40%.
After local protests, Bolivia's new puppet government ordered Petrobras to stop oil and gas exploration in this national reserve: https://www.spglobal.com/platts/en/marke...al-reserve
(http://archive.is/oqBeQ)
The two largest sources of indium in the world are in Canada (Mount Pleasant) and Bolivia (Malku Khota). Canada could potentially produce 38.5 tons of indium per year, while Bolivia’s mines could produce 80 tons per year (more than double the Canadian potential).
Canada’s South American Silver Corporation (now TriMetals Mining) had signed a concession to explore and eventually mine Malku Khota for which work began in 2003.
In 2011, a report for the Canadian mining company showed that the Malku Khota mine would produce substantial amounts of silver, indium, lead, zinc, copper, and gallium.
In 2005, after Evo Morales and the Movement for Socialism (MAS) won their first presidential election in Bolivia, he first nationalised the gas and oil companies.
In July 2012, Morales’ government nationalised the Malku Khota property of South American Silver Company.
South American Silver took the Bolivian government to the Permanent Court of Arbitration at The Hague. In November 2018, the Court awarded TriMetals $27.7 million from Bolivia (rather than the $385.7 million it had demanded).
Heads of mining firms made disparaging comments about the nationalisation program.
In July 2007, US Ambassador to Bolivia Philip Goldberg, in reply to a request to meet with Bolivian Vice President Álvaro García Linera, said:
Quote:Sadly, without dynamite in the streets, it is uncertain whether the Embassy or the international mining companies will be able to attain even this minimal goal.
A Wall Street banker reportedly commented: “If Bolivia keeps on this path, these companies will make sure that Bolivian natural gas remains underground”, Bolivia might be embargoed; and Morales assassinated: https://www.salon.com/2019/11/22/the-cou...s_partner/
(http://archive.is/jJNsE)
Bolivia has the second-largest natural gas reserves in South America, after Venezuela.
After signing a decree to nationalise the natural gas industry, on 1 May 2005, President Evo Morales took over installations by using military force. It were really the natural gas profits that boosted Bolivia’s economy more than anything else.
The state-owned Brazilian Petrobrás was among the most affected by the nationalisation, as it controlled 14% of Bolivia's natural gas reserves.
The 2 most significant foreign companies involved with the exploration of natural gas in Bolivia are Petrobrás from Brazil and the Spanish-Argentine company Repsol YPF. Others involved are Total from France, British Gas and British Petroleum as well as the US Exxon Mobil Corporation.
Bolivia’s gas profits have dropped in time. In 2018, Bolivia’s gas exports fell by about 30%, while public debt soared to 51% of gross domestic product in 2017, from 36% in 2014.
Bolivia has looked at opportunities to sell more gas to Brazil, Paraguay and Uruguay but there isn’t much (extra) demand from those countries.
Argentina has been increasing gas up sales to Brazil, Chile, and Uruguay, while decreasing its gas imports. In October, Argentine former Energy Minister Javier Iguacel said that by 2020 the country won’t need Bolivian gas.
Contracts with Bolivia’s biggest customers - Brazil and Argentina - are being renegotiated. Brazil now spends about $1.3 billion a year on Bolivian gas: https://en.mercopress.com/2019/04/23/bol...-argentina
(http://archive.is/dMcUZ)
The following story, confirms that gas is important for the newly installed Bolivian puppet regime, although it’s different than I would expect from a right wing government, supporting “free trade”...
In 2015, Morales, passed legislation to open the country's national reserves to oil and gas exploration.
In 2017, Bolivian state oil company YPFB formed 2 joint ventures with the Brazilian state company Petrobras to explore and develop the Astilleros and San Telmo Norte blocks, on Bolivia's border with Argentina. Petrobras would invest $676 million in the projects, of which it owns 60%, while YPFB would own 40%.
After local protests, Bolivia's new puppet government ordered Petrobras to stop oil and gas exploration in this national reserve: https://www.spglobal.com/platts/en/marke...al-reserve
(http://archive.is/oqBeQ)
The Order of the Garter rules the world: https://www.lawfulpath.com/forum/viewtop...5549#p5549