Bolivia Partners with Chinese Companies for Zinc Refinery

Bolivia’s government teamed up with Chinese firms to build a Zinc Refining Plant in Oruro.

This initiative, led by the state’s Empresa Metalúrgica Vinto, promises to bolster the nation’s industrial growth.

At a ceremony, Minister Marcelino Quispe and representatives from Consortium Enfi-Crig and Chong Qing Cisdi initiated their partnership.

Quispe underscored the project’s importance, pointing to Bolivia’s commitment to industrial development.

All parties met the criteria outlined in the Contractual Base Document and other key rules before signing.

Consortium Enfi-Crig won the bid to construct the refinery in Oruro, edging out three competitors. They scored a notable 86.94 in the evaluation.

Meanwhile, Chong Qing Cisdi will monitor the project’s execution. Both companies’ timely paperwork ensured the collaboration’s smooth start.

The new refinery, set on Empresa Metalúrgica Vinto’s land, will process 150,000 metric tons of zinc concentrates yearly.

This will produce roughly 65,000 tons of metallic zinc and additional by-products.

Quispe assured the steady zinc supply needed for this refinery. He highlighted the project’s benefits, including job creation and regional economic growth.

In conclusion, Quispe voiced the ministry’s dedication to advancing and refining Bolivia’s mining sector.

Background

Bolivia has a rich history in mining, given its vast reserves of metals and minerals. The partnership with Chinese companies marks a significant step in harnessing these resources.

Historically, Bolivia has primarily focused on exporting raw materials. This refinery signals a shift towards adding value within the country.

By refining zinc locally, Bolivia can export finished products at higher prices. This move will also reduce dependency on foreign refining capacities.

Job creation from this project can strengthen the local economy of Oruro.

Additionally, such collaborations can pave the way for more international partnerships, boosting Bolivia’s industrial sector.