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July 11, 2012

Bolivia Revokes License of Canadian Mining Company After Mass Protests 
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Bolivian President Evo Morales has revoked the mining license of the
Canadian mining company South American Silver following a series of
protests by indigenous groups. Thousands of people marched on Bolivia's
capital last month and a group of protesters later took workers hostage
to demand that South American Silver give up control of the Malku Khota
mine. On Tuesday, Morales said he had listened to protesters' demands.

Bolivian President Evo Morales: "Are you going to be mad at each other
like angry siblings because of an international company that has come to
loot our natural resources? We have realized that we had to live like
our ancestors did, like you consciously do. These resources belong to
the Bolivian state and its people, therefore to be exploited and
explored by the government with the help of the natives from the region.
That's what the accord is all about."

 

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