Bolivia to reopen Iran embassy
Bolivian President Luis Arce (C) and Foreign Minister Rogelio Mayta (L) talk with Iran s new ambassador to Bolivia, Mortessa Tabreshi, during the credentials ceremony in La Paz, on November 11, 2020 [AIZAR RALDES/AFP via Getty Images] December 14, 2020 at 1:11 pm
Bolivia intends to reopen its embassy in Iran according to a statement issued yesterday by its Foreign Minister Rogelio Mayta who stressed that the South American country must have relations with all countries amid plans to rebuild ties which were frozen by the de facto government of Jeanine Anez. We must advance the unity of the region and that is why we must talk with all nations, he said, according to
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By Ellsworth Dickson
Bolivia, a South American, land-locked country of 11.6 million, has had a tumultuous social and political past, while at the same time, has seen mineral production continue for some 500 years – since before the time of the Spanish Conquistadors.
For much of this time, foreign investment in the resource sector was not encouraged. However, things have changed and the government is now actively seeking foreign investment to develop its mining sector which is very underdeveloped despite significant resources of zinc, gold, silver, tin, antimony, iron ore, copper, tungsten, sulfur, potassium, borax, semi-precious stones and lithium. Bolivia has the world’s largest silver producer – Cerro Rico – with 1.6 billion ounces of silver and the world’s second-largest lithium reserves, estimated at 9 million tonnes, or about 25% of known global reserves.