Despite more than 500 years of continuous mining in Bolivia, estimates suggest that only 10 percent of Bolivia’s mineral resources have been extracted. Principal metals and industrial minerals include zinc, lead, tin, gold, silver, copper, tungsten, sulfur, potassium, borax, and semi-precious stones.
What rare mineral is found in Bolivia?
Industrial Minerals and Gemstones
Bolivia has many undeveloped potassium and lithium resources. The country is rich in mineral resources including silver, tin, iron ore, antimony and indium.
What natural resources are mostly found in Bolivia?
Bolivia is a resource-rich country. There are lots of resources that can be found in Bolivia, such as tin, natural gas, silver, iron, gold, and timber.
Where are most of Bolivia’s gold resources found?
The vast majority of the gold mining is small-scale and centered in northern Bolivia, in the Amazon, where the state’s presence thins out rapidly. New mining operations are mostly alluvial, with many involving large boats known as dragas that sit in a river, sucking up the silt beneath them and processing it for gold.
Who owns the mines in Bolivia?
The constitution states that all mines should operate as joint ventures with COMIBOL, but legislation has not yet been approved to make this effective. COMIBOL could form joint ventures, 55-45 percent sharing, with the state owning the majority share.
What is Bolivia biggest export?
In the last two decades Bolivia has become a major exporter of natural gas (43 percent of total exports). Other exports include: silver (12 percent of total exports), zinc (10 percent) and soybeans and related products (7 percent).