Mining Corporation of Bolivia

Then, in October 1985, the international tin market collapsed.

Tin fell from about $5.96 a pound to under $2.46. Comibol shed more than 20,000 miners in a process officially called relocalización.

Many took their severance and moved to the city of El Alto, above La Paz, or to the coca-growing Chapere.

That migration reshaped Bolivian politics for the next 40 years.

Okay.

In terms of, you know, previously companies needed to partner with COMIBOL.

Is, is that still the case? I- is that something that you will have to sort of deal with, potentially deal with?

Uh, no, that's not the case anymore.

Um, previously, I think it's because most of the concessions were granted to COMIBOL, in COMIBOL's hands.

That's why any private company or foreign companies coming into the region wanna do business, wanna do exploration, they have to work with COMIBOL.

Um, but that's no longer the case anymore.

First of all, you don't necessarily need to work with COMIBOL on any of the concessions that does not owned by them.