Diciembre 21, 2005
El Mutún
Just today, my cousin was talking about this potential mega-project. Unfortunately, I knew little about it. However, Jonathan Olguin's Journal of Bolivian Business and Politics has all of the info.
The Mutún project represents a long-awaited project for development in Bolivia and the Santa Cruz Department; it’s expected to generate over 10,000 direct and indirect jobs during the length of the project. The site holds some of the continent’s largest iron ore reserves (at an estimated 40 billion metric tons of iron ore base, according to Jan 05, USGS survey) and will begin production at an impressive 1.5 million tons, and generate a tax base of $US 50 million yearly.
One must wonder whether these revenues will be a topic of autonomous conversation in the future, as these natural resources are located in Santa Cruz.
Posted by eduardo at Diciembre 21, 2005 07:56 PM