BUENOS AIRES -(Dow Jones)- Bolivia’s state-run mining company Corporacion Minera de Bolivia, Comibol, has taken control of the Karachipampa metals smelter after reaching an agreement with its Canadian joint-venture partner Atlas Precious Metals Inc., according to government news agency ABI.
“We have recovered Karachipampa for the State,” Vice Mining Minister Hector Cordova was quoted as saying by ABI at a press conference Tuesday.
ABI said that Atlas handed over the keys to the smelter last Friday after reaching what the news agency described as a “friendly agreement” with the Canadian CONTINUES HERE
Why should Bolivia junior exploration plays care about this news today?
Pretty simple: According to the Evo government’s plans, once Karachipampa is up and running the country will insist that all silver, lead and zinc concentrate production in the country is sent to this smelter for processing, no exceptions. “What? You see a potential issue with smelter fees going forward? Nah, surely not! Here’s DJNW today, click through for the rest: