BNamericas reported that Canada's Atlas Precious Metals has returned the Karachipampa polymetallurgical plant to the Bolivian state and will leave the country, but it is keeping the door open to developing another mining or metallurgical project in the future.

Mr Jorge del Valle lawyer of APM said that "At some point, Atlas may return to Bolivia under different conditions and with better guarantees of legal security. That is what the company's executives expect. In the settlement between APM and state miner Comibol, the former agreed to accept USD 750,000 in compensation for investments made in the plant.”

He said that's why APM's executives accepted such a small payment which doesn't even cover one fifth of what has been invested in Bolivia. The important thing is to leave a good impression and the possibility of participating in a new tender. The company invested about USD 5 million.

(Sourced from Business News Americas)