Revenue From Royalties Mining On Cochabamba
Revenues from mining royalties in the department of Cochabamba in May exceeded the total raised in the 2010 management and to continue the registration of cooperatives and private companies, it is estimated that revenues could reach 8.5 million by year-end Bolivians.
According to the departmental secretary seminarian, Jose Fernandez, last year mining royalty revenue amounted to 4.3 million, and this year in the first five months (January to May) is perceived around 4.5 million.
Fernandez said that 48 cooperatives operating in Cochabamba and 52 mining companies, of which 60 percent were already registered and paid the royalties, established mining laws that regulate the activity of the area.
DEPARTMENTAL LAW:
According to Fernandez, the Legislative Assembly at the initiative of governor Departmental Edmund Novella and the bed of the Movement toward Socialism (MAS) will soon approve the Department of Mining Law, which will help to strengthen the mining industry and increase income from this.
He said that the law and the agreement with the National Registry of Mineral Marketing (Senarecom) will enable the registration of cooperatives and mining companies that does not exist, economic losses caused by mining royalties.
MINING CENTERS:
The agricultural vocation of natural Cochabamba now joins mining production, as several municipalities are true emporium of mineral resources.
In the Andean region of Cochabamba, which includes Argue, Capitola, Teacart Aye-aye and there are mines of zinc, silver, copper, lead, tin, silver, gold, limestone, marble, tungsten, sodality, gypsum and gemstones.
Deep River Cristal Mayo, under the jurisdiction of the Tropic of Cochabamba, a Brazilian company operates gemstones; the price per kilogram is $ 700. In the southern cone of Cochabamba province Masque, exploit zinc, silver, lead, even gold, the mine is in seats.