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Latin American News

Bolivia Nationalizes Lone Tin Smelter

Friday, February 16, 2007 9:21:17 PM
By DAN KEANE

Smelters work at the newly nationalized Vinto tin smelter in the outskirts of Oruro, Bolivia, Friday, Feb. 16, 2007. Leftist president Evo Morales has refused demands of the plant's former owner Glencore for recompensation, but the Swiss mining giant may seek international arbitration to resolve the dispute. (AP Photo/Dado Galdieri)VINTO, Bolivia (AP) - The ritual sacrifice of a snow-white llama Friday symbolically marked President Evo Morales' nationalization of Bolivia's lone operating tin smelter.

Swiss mining giant Glencore International AG owned the Vinto plant until last week and has threatened to seek compensation through international arbitration.

Morales says his government will not compensate Glencore for the Feb. 9 nationalization of the plant, located on a high Andean plain 110 miles southeast of the capital of La Paz.


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