Boston, MA -- (SBWIRE) -- 08/29/2014 -- The Ministry of Mining and Metallurgy, and the Bolivian Mining Corporation govern the mining industry in Bolivia. The Mining Code of 1977 (law No. 1997) governs and regulates mining activities for prospecting, exploration and exploitation of mineral resources in Bolivia.

Report Highlights

- The Ministry of Mining and Metallurgy implements and regulates mining and metallurgical policy, along with development of mining by applying transparency, technical and social commitments through the generation of economic surplus.
- Comibol is a self-sustaining mining institution responsible for managing the mining supply chain, promoting the diversification of mining and metallurgical activities, and contributing to economic growth and environmental sustainability.
- The Mining Code of 1977 (law No. 1997) governs and regulates mining activities for the prospecting, exploration and exploitation of mineral resources in Bolivia.

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Report Scope

The report outlines Bolivia's governing bodies, governing laws, rights and obligations and key fiscal terms which includes Annual Patent, Royalty, Corporate Income Tax, Capital Gains Tax, Special Consumption Tax, Complementary Mining Tax, Withholding Tax, Loss Carry Forward and Value Added Tax, VAT.

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