Glencore to Lose Bolivia Mine

Glencore to Lose Bolivia Mine

Bolivia M&A

Bolivia's government has nationalied Glencore International's Colquiri mine, Glencore says, with immediate effect. The move comes after negotiations to increase the government's take of the profits to 77%-79% fell through. Colquiri has been developed and operated by Sinchi Wayra, a company owned by Glencore, since 2005. Last year, Glencore withdrew a $475m offer for CST Mining Group’s interest in Peruvian copper project Mina Justa, following a failure to agree on an offtake deal. In May, Bolivia

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