Bolivia says it's revoking silver mine concession
LA PAZ, Bolivia, July 11 (AP/UNB) - Bolivia's government says it intends to revoke the concession of a Canadian company to mine a rich silver deposit following opposition from Quechua Indians who had seized company workers to press their case.
President Evo Morales presided Tuesday over the signing of an agreement with two Quechua communities that opposed the project by South American Silver in Bolivia's southern highlands.
The communities released two mining engineers over the weekend after holding them for 10 days. Three others engineers were held for five days before fleeing.
That follows a clash between police and Indians in which one Indian died under circumstances that remain unclear.
The company estimates the deposit's reserves at 140 million ounces.
President Evo Morales presided Tuesday over the signing of an agreement with two Quechua communities that opposed the project by South American Silver in Bolivia's southern highlands.
The communities released two mining engineers over the weekend after holding them for 10 days. Three others engineers were held for five days before fleeing.
That follows a clash between police and Indians in which one Indian died under circumstances that remain unclear.
The company estimates the deposit's reserves at 140 million ounces.
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