WHAT IS NEW IN MINING?

"TRIPLE ENERGY CRISIS": BOLIVIA COULD RUN OUT OF GAS IN FIVE YEARS

LA RAZÓN

06/11/2025: The SIB warned that current natural gas reserves amount to only 4.5 TCF, with an annual  consumption of around 0.7 TCF. At this rate, reserves  could be depleted in five years, forcing the country to  import gas and deepening the energy and economic crisis.  Furthermore, 70% of electricity generation depends on gas- fired thermoelectric plants, which makes the country  vulnerable to a supply crisis.

GOVERNMENT PUSHES FOR CONSENSUS TO AMEND HYDROCARBONS LAW NO. 767

LA RAZÓN

06/14/2025: The Government presented a bill to  amend  Law 767, aiming to improve the profitability of gas  exploration and exploitation projects.

The Hydrocarbons Committee of the Chamber of
Deputies has already approved the technical proposal, with support from the Bolivian Chamber of Hydrocarbons and Energy. The bill is expected to be reviewed by  commissions and chambers to advance its enactment.

COMIBOL LAUNCHES OPERATIONS OF GOLD AND ANTIMONY COMPANIES

AHORA DIGITAL

05/31/2025: The Minister of Mining and Metallurgy, Alejandro Santos, announced that the Bolivian Mining Corporation (COMIBOL) has started operations in new strategic state-owned companies for gold and antimony exploitation. He highlighted that the Amayapampa Mining Company in  Potosí currently produces 12 kilograms of gold monthly using machinery  valued at over Bs 39 million, with production expected to increase to 15  kilograms in June. Additionally, the Pico Suto Mining Company in San  Ramón is set to begin operations within 30 days. 

SIGNING OF AGREEMENT FOR MINING PROSPECTING AND EXPLORATION IN POTOSÍ

OPINIÓN

05/07/2025: Since the enactment of Law 1503 in May 2023, the Central Bank of Bolivia (BCB) has actively purchased fine gold in the domestic  market, accumulating a total of 23.57 tons valued at approximately 2.357  billion dollars. In just the first four months of 2025, the BCB acquired 4.94  tons of gold, equivalent to about 527 million dollars, reflecting a sustained purchasing pace  that contributes to the strengthening of reserves.

INSPECTION FOR POSSIBLE ILLEGAL EXTRACTION AT HUANUNI MINE

BOLIVIAN CHAMBER OF DEPUTIES

06/18/2025: The Government, Defense, and Armed Forces Committee of the Chamber of Deputies conducted an inspection at the Huanuni mine following  reports of illegal mineral extraction (known as “juqueo”). The  preliminary report has already been approved unanimously, and additional reports from the  relevant ministries are planned to be requested, along with coordinating technical actions to advance the investigation.

ANALYSIS AND OPINION

IMPLEMENTATION OF THE GUIDE FOR THE ISSUANCE OF COMMERCIALIZATION LICENSES

The Guide for the Issuance of Commercialization Licenses (Version 1), approved through Administrative Resolution AJAM/DJU/RES- ADM/6/2025, marks an important step in regulating the trade of minerals  and metals in Bolivia. Developed by the Jurisdictional Administrative Mining Authority (AJAM), it addresses the need, as identified by various regional  offices, for greater uniformity, efficiency, and transparency in the issuance of Commercialization Licenses (CL).


Adopted in April 2025 as a mandatory internal instrument for all  Departmental and Regional Directorates of AJAM, the guide does not modify  Law No. 535 on Mining and Metallurgy or its regulations. Instead, it systematizes existing provisions into clear, standardized procedures for both  new applications and adjustment processes. It outlines each stage from  application submission to resolution, specifying responsibilities, required  documentation, and deadlines. This structure reduces ambiguity, limits  administrative discretion, and incorporates modernization measures, including recommendations for a digital license management system with  automated alerts. 

The guide reinforces Chapter VI of Law 535, which governs the CL’s  requirements, procedures, obligations, and sanctions. Previously, application  of these rules varied by region; the guide now ensures consistent  enforcement. It also promotes coordination with entities such as  SENARECOM, essential for verifying commercialization data, and  strengthens links between license issuance and other legal obligations,  including payment of the annual Bs 20,000 mining license fee, registration in  the Mining Registry, and compliance with environmental and tax  requirements.

Among its most notable contributions is the standardization of procedures,  reducing regional discrepancies and improving process traceability. It  introduces a dedicated procedure for adjustment cases, enabling pre-Law 535  operators to regularize their activities. This supports oversight and legal  compliance.

Implementation includes an internal dissemination phase and public  outreach via AJAM’s communication channels, ensuring that mining  operators understand their rights and obligations. The guide is also designed  for periodic updates to reflect regulatory changes or administrative  improvements.

Conclusion

The Guide for the Issuance of Commercialization Licenses strengthens state  oversight of mineral and metal commercialization by translating legal mandates into practical procedures. It improves legal certainty for  stakeholders, enhances AJAM’s institutional framework, and supports  compliance with constitutional principles governing the economic and social role of mining. Its success will depend on the operational capacity of regional  offices and sustained central-level support and monitoring. 

 

DID YOU KNOW THAT...

USE OF MERCURY IN BOLIVIAN MINING AND THE NATIONAL ACTION PLAN UNDER THE MINAMATA CONVENTION

Although mining is one of Bolivia’s most dynamic economic sectors, the use  of mercury remains one of its most polluting practices due to excessive and  uncontrolled application. Mercury’s toxic nature causes severe environmental  damage, particularly to rivers, protected areas, and  Indigenous populations.

Many Indigenous communities along contaminated Amazonian rivers  depend heavily on fishing for both subsistence and trade—an activity rooted  in millennia-old cultural traditions. The Central of Indigenous Peoples of La  Paz (CPILAP), representing affected communities, conducted a scientific 
study revealing alarming results: some individuals were found to have  mercury levels five to six times higher than the limits recommended by the  World Health Organization (WHO). 

In recognition of the risks posed by mercury use in mining, Bolivia signed the  Minamata Convention on Mercury on October 10, 2013, ratified it  through Law No. 759 on November 18, 2015, and brought it into force on  August 16, 2017. The Convention seeks to protect human health and the  environment from anthropogenic mercury emissions and releases. Under  Article 7, signatories must prepare a National Action Plan (NAP) within three  years, setting out measures to reduce mercury use in Artisanal and  Small-scale Gold Mining (ASGM).

Bolivia did not meet the original Article 7 deadline but, through the Vice  Ministry of Mining Policy, Regulation, and Oversight, has resumed efforts to  complete and deliver the NAP before the end of the current government term.  The plan focuses on three priority areas: (i) eliminating mercury-based  grinding activities, (ii) introducing clean technologies and responsible  practices, and (iii) improving extraction efficiency. It is organized into eight  strategic pillars:

1.Formalization of ASGM operations
2.Reduction of illegal mining
3.Reduction of mercury use
4.Control of mercury imports and consumption
5.Implementation of a Mercury and Health Plan
6.Improvement of gender conditions in the ASGM sector
7.Continuous dissemination of the NAP
8.Enhanced access to financing for ASGM operators

The National Action Plan represents a critical step toward cleaner and more  sustainable mining in Bolivia. It offers a framework for introducing modern  processing methods, tightening mercury import controls, reducing health   risks, and advancing formalization in the ASGM sector. Successful  implementation of the Minamata Convention’s provisions will bring tangible  benefits for Indigenous communities, protect fragile ecosystems, and support  a more responsible and competitive mining industry. 

Contact

If you require more information, the PPO Indacochea team remains at your disposal.

Mattias Garrón

PARTNER

Luis Fernando Valle

SENIOR ASSOCIATE

Victor Armaza

SENIOR ASSOCIATE

Nicolas Angulo

ASSOCIATE

Mining Report - Edition N.º9

IMPLEMENTATION OF THE GUIDE FOR THE ISSUANCE OF COMMERCIALIZATION LICENSES

The Guide for the Issuance of Commercialization Licenses (Version 1), approved  through Administrative Resolution AJAM/DJU/RES-ADM/6/2025,  marks an important step in regulating the trade of minerals and metals in  Bolivia.

PPO uses first-party and third-party cookies to collect statistics about the use of this service. Some of these cookies may be managed in countries with different data protection regulations. You can accept or reject the use of cookies using the buttons at the bottom of this banner. For more information about the use of cookies and your rights, please visit our cookie policy.