Bolivia investigating mining subsidiary of Japan's Sumitomo

LA PAZ--Bolivia's tax service has launched an investigation into whether the San Cristobal mining company, a subsidiary of Japan's Sumitomo, has met its tax obligations, officials said Tuesday. “We are conducting an analysis of all of San Cristobal's documents,” tax authority president Roberto Ugarte said, according to remarks reported by Catholic radio station Fides

Ugarte declined to specify why the company was under investigation, but said any such probe “is an indication that there have been problems with the company.”

Over the last five years, San Cristobal has spent US$1.5 billion in operations to mine southern Potosi department's rich zinc and silver deposits.

Republished from China Post

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