Growth in mining royalties
The mining royalty revenue in 2010 will grow by 38% compared to the captured in 2009, according to the latest estimate of the Project Control the Production and Export of Minerals of the Government of Oruro, 13 days of completion of this management .
The head of Project Control, Wilfredo Willca said that by December the department will collect 122,765,479 million Bolivians, in relation to 2009 when it raised 88,789,934 bolivianos, a product of the crisis on prices of minerals.
But in relation to mining revenue in 2008, royalties are 11% less, to the acquisition of 138,966,841 bolivianos, in the period which saw a similar boom in the prices of precious and base metals.
At the same trend, said Willca is expected to close this administration, with $ 104,414,821 for the Government of Bolivia, against 75.471.44 Bolivians captured in 2009.
For municipalities producers, this year’s perception of mining royalties will be 18,414,821 bolivianos, unlike last year they received 13,318,490 bolivianos.
The authority said that with these numbers is ratified by other management, the engine of the economy department, focuses on mining, which was benefited by the rise in the prices of minerals.
However, the Departmental Secretary of Mining and Metallurgy, Walter Morochi said that “the distribution of mining royalties, very little to do prospecting and exploration that does not meet expectations for deeper exploration.”
Data, still preliminary Interior, which had access HOMELAND, also anticipate that 2010 was the year for silver mining, ore reached a high above 30 dollars a troy ounce.
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