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Thu Feb 7, 2013, 10:52 AM

 

Bolivia: rethinking nationalisations

I like Morales, he seems like an honest guy who is willing to talk openly about policy and its impacts. Very few politicians would every publicly question their previous decisions


http://blogs.ft.com/beyond-brics/2013/02/06/bolivia-having-second-thoughts-on-nationalisations/#axzz2KE1V3zJs


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Trying to carve out a Bolivian mining industry purely on his own terms is proving tricky for Bolivia’s leftwing President Evo Morales.
Recently, he was forced to give out some disappointing numbers about the performance of the Colquiri mine, which the government took over from London-listed commodities giant Glencore in June of last year, during a dispute between rival mining unions.
“Before, with few people there was more production. Now, with more people, there is less production. If nationalisations means producing less, then there is no point in nationalising,” Morales said.

In June 2012, according to Morales, the mine’s output was 429 tonnes of unrefined tin and zinc. By December, the monthly production rate had fallen 21 per cent to 337 tonnes. At the same time, the now state-controlled mine bumped up Colquiri’s workforce by 30 per cent, from 959 workers to 1,249, to keep everyone happy.

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Reply Bolivia: rethinking nationalisations (Original post)
naaman fletcher Feb 2013 OP
Bacchus4.0 Feb 2013 #1
naaman fletcher Feb 2013 #2

Response to naaman fletcher (Original post)

Thu Feb 7, 2013, 11:07 AM

1. He doesn't reconcile his words with his actions though

Talking about respect of Mother Earth and such but trying to ram through highways and new mines. Anyway, the same poor performance from nationalizations occurs in Venezuela of course but there are simply those leaders and followers who simply are enamored by the principle of nationalizing w/o considering the results.

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Response to Bacchus4.0 (Reply #1)

Thu Feb 7, 2013, 11:40 AM

2. Well right

 

Can you imagine Chavez ever admitting that production went down?

Instead when production goes down they say "oh we can't afford the debt on the plant anymore? Ok. The old owners have to pay it"

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