Please note: you are viewing an old version of this deal. The current version can be found here: Deal #741
Deal #741 Version #49048
Bolivia
Created at
2013-02-15
Last update
2013-02-15
Last full update
2023-07-07
Land area
Size under contract (leased or purchased area)
- [current] 2700.0 ha
Comment on land area
The surface corresponds to the copper exploitation (in exploiration phase) in the municipality of Corocoro, deparment of La Paz. This surface covers various community's territories, which are part of the Jach´a Suyu Pakajaqi's territory, ancestral political entity now in "reconstitution", conformed by 11 "markas" (groupings of communities).
Intention of investment
Intention of investment
- [current] Mining
Comment on intention of investment
Copper
Nature of the deal
Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Negotiation status
Negotiation status
- [2008, current] Concluded (Contract signed)
Comment on negotiation status
Phase of exploration and production planned for 2013 (the company asked for an extension of exploration phase). The copper mine has resulted ten times bigger than originally thought. Kores plans to produce 30,000 tons a year of copper cathode, giving the mine a useful life of around 18 years. The mine also contains manganese, silver and indium, which makes it even more beneficiable. Although state (part of the project) gave environmental and social licences, indigenous authorities denounced serious ecological damages (diversion of water course and chemical contamination) caused by the mine even before the start of exploitation.
Implementation status
Implementation status
- [current] Startup phase (no production)
Comment on implementation status
Phase of exploration and production planned for 2013 (the company asked for an extension of exploration phase). The copper mine has resulted ten times bigger than originally thought. Kores plans to produce 30,000 tons a year of copper cathode, giving the mine a useful life of around 18 years. The mine also contains manganese, silver and indium, which makes it even more beneficiable. Although state (part of the project) gave environmental and social licences, indigenous authorities denounced serious ecological damages (diversion of water course and chemical contamination) caused by the mine even before the start of exploitation.