Posted in | News | Earnings

Bolivia Hits Record Earnings of $3.3 Billion from Mining Sector

Bolivia managed to reach a record export of minerals in 2011 earning $3.3 billion from the sector. Minister of Mining and Metallurgy, Jose Pimentel said that the high revenues were a result of rising prices of minerals.

Jose Pimentel was speaking at an accountability hearing when he gave these figures. He added that the figures gave a significant increase as compared to the previous two years export figures for the mining sector.

The mining sector had managed to regain the position as the engine of the Bolivian economy, he added. Out of the $3.3 billion that the government earned from the mining exports 164 million were in mining royalties and 272 million were earned as taxes.

The revenue from mining exports had gone up 42% compared to figures of 2010 for Bolivia. The nation also produced 7 metric tons of gold in 2011 as per the figures released. The strong growth in the mining industry will definitely aid the nation’s economy.

Bolivia has the second largest natural gas reserves in South America and an estimated 5.4 million cubic tonnes of lithium, representing 50%–70% of world reserves.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.


Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, March 19). Bolivia Hits Record Earnings of $3.3 Billion from Mining Sector. AZoMining. Retrieved on April 21, 2024 from

  • MLA

    Scanlon, Joel. "Bolivia Hits Record Earnings of $3.3 Billion from Mining Sector". AZoMining. 21 April 2024. <>.

  • Chicago

    Scanlon, Joel. "Bolivia Hits Record Earnings of $3.3 Billion from Mining Sector". AZoMining. (accessed April 21, 2024).

  • Harvard

    Scanlon, Joel. 2019. Bolivia Hits Record Earnings of $3.3 Billion from Mining Sector. AZoMining, viewed 21 April 2024,

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.