Bolivia nationalizes Swiss company’s Zinc and Tin mine

By International Business Times,  June 12, 2012, 03:56:50 PM EDT

Presidential Minister Juan Ramon Quintana told state-run media that "the government has decided to nationalize the Colquiri mine which belongs to Swiss company Glencore's (L:GLEN) subsidiary Sinchi Wayra."

The government announcement followed a meeting over the weekend with union leaders from the Bolivian Miners' Trade Union Federation (FSTMB) and other organizations from the Colquiri mining district to discuss the takeover, Mr. Quintana said.

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This article appears in: Investing, Commodities

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