Bolivia and China are actively expanding cooperation in the field of mining. Recently, Chinese Ambassador to Bolivia Wang Liang has called on the President of the National Lithium Company of Bolivia (YLB) Karla Calderón and the Minister of Hydrocarbons and Energy (MHE) Franklin Molina to have in-depth exchanges on the development of the lithium industry and cooperation in the new energy industry within the framework of the "One Belt, One Road", and to deepen the strategic partnership between the two countries. The two countries have carried out in-depth exchanges on the development of lithium industry and the cooperation of new energy industry within the framework of "Belt and Road" to deepen the strategic partnership between the two countries.
As early as February this year, under the witness of Bolivian President Luis Arce, Chinese Ambassador to Bolivia Wang Liang and Minister of Development and Planning (MPD) Sergio Cusicanqui signed an intergovernmental framework agreement on the Oruro zinc smelter project in the departmental government of Oruro in western Bolivia. The smelter is a key production capacity cooperation project between the two countries supported by preferential loans from the Chinese government, with a total investment of US$350 million, and a loan issued by the Export-Import Bank of China with an interest rate of 2% and a loan period of 20 years. The construction of the plant is expected to take 34 months, after the completion of the annual ore processing capacity will be 150,000 tons, the annual output of zinc and by-products is expected to reach 65,000 tons; at the same time will be a strong drive to regional employment and become a key pillar of the Oruro province to promote the industrialization of mining.
In January this year, also in the glass President Alcee witnessed, ningde times - ningde bangpu - Luoyang molybdenum consortium (CBC) and the glass national lithium company in the glass Presidential Palace signed "Potosi Province, Uyuni Salt Lake, based on direct lithium technology to build a pilot plant agreement," marking the industrialization of lithium resources in the glass of the cooperation has made a new major breakthrough. It is reported that the pilot plant is located in Bolivia's Potosí (Potosí) Uyuni salt marsh, the expected annual output of lithium carbonate 2,500 tons; technical feasibility of the verification of the success of the Chinese and Bolivian sides will promote a larger scale of lithium industrialization of cooperation projects.
Bolivia is rich in mineral resources, and its reserves of lithium, antimony, bismuth, lead, silver, tin, tungsten and zinc are among the highest in the world; among them, the reserves of lithium are the largest in the world, and zinc production is the seventh in the world and the second in South America. Deepening cooperation between Bolivia and China in the field of mining is conducive to promoting the industrialization of natural resources and energy transformation and upgrading, realizing the high-quality development of economic and trade relations between the two countries, and continuously promoting the strategic partnership between the two countries to a new level.
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