Sat05192012

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Bolivian Mining exports reach 3.3 billion US

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By Eliane Portillo

At an accountability hearing, Minister of Mining and Metallurgy Jose Pimentel said that these figures, which had a significant increase in the last two years, managed to regain the position as the engine of the Bolivian economy.

Bolivia's mining exports reached 3.3 billion USD in 2011 due to high prices of mineral.

Of this amount, about 164 million were designated as mining royalties and 272 million as taxes, Pimentel said.

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