BOLIVIA Law and Practice Contributed by: Ramiro Guevara, Jorge Inchauste and Rosario Echeverría, Dentons Guevara & Gutiérrez S.C.
mining projects. In this sense, in 2024 COMI - BOL launched a tender for the exploitation of the existing ore and rare earth deposits in the Mallku Khota mining project. On the other hand, YLB (the state-owned entity in charge of developing lithium production chain activities) is negotiating with several foreign companies for the construction of large lithium processing complexes because of the two inter - national tenders launched between 2021 and 2024. The Ministry of Mining has stated that there are four mining projects that will have an important impact on Bolivia’s economy in the long term (2025):
• Salar de Uyuni, with 21 million tons of lithium and 373 million tons of potassium; • Cerro Mutún, with 40 billion tons of iron and 10 million tons of manganese; • Corocoro, with 99.99% copper production and the zinc refineries with 99.99% produc - tion; and • besides the development of technological minerals in the San Luis mine with cobalt, Rincón del Tigre with nickel and Cerro Manomó with rare earths. Therefore, there are many significant opportu - nities in Bolivia to develop new and interesting mining projects, both in Bolivia’s traditional min - ing sectors such as silver, tin, lead, and zinc, and in new non-traditional mining sectors such as lithium, uranium and other rare earth minerals.
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