Nationalization Hangover (Update 1)
Also, the president of the Engineer's Society of Bolivia said that Bolivia should accept that the enterprise to work in El Mutun will be foreign, as there are no Bolivian enterprises with the capacity of investment needed ($1000 million minimum). This only confirms what I said in a previous post. The great loser of this nationalization is Bolivia.
Update 1: It's official: Jindal Steel & Power has left the race for the Mutun. This means that from 5 companies interested in gaining rights to exploit the Mutun only 2 are left -Siderar from Argentina and Mittal Steel from the UK. The vicepresident of the Santa Cruz Civic Committee pointed that the process is generating too many doubts -geez, I wonder why. He also said that the government does not want any company gaining these exploitation rights so that they can be given to Venezuela. "We have information of a Venezuelan delegation auditing the Mutun, and our lack of confidence comes from Executive trampling over the studies made by the previous two presidents with much harsher conditions, so that no enterprise will be interested in exploiting these resources", he added. Read it here.
Bolivia, Bolivien, Evo, Evo Morales