Bolivian President Evo Morales pledged to ban the use of dynamite in the capital after unrest between rival miner groups over a zinc and tin project seized from Glencore International Plc (GLEN) left one person dead this week.
Morales, in a a speech broadcast by state Radio Patria Nueva today, said his government is brokering talks between cooperative mine workers and the Federation of Bolivian Mine Workers as they fight for control of the Colquiri project that was nationalized in June. The two rival groups currently control different parts of the mine.
About 500 police and soldiers were sent to the mine after cooperative miners dynamited the union’s offices in La Paz Sept. 18, killing one miner and wounding seven others, according to Defense Minister Ruben Saavedra.
President Evo Morales, an ally of Venezuelan President Hugo Chavez, has raised taxes and seized mines, oil refineries and power companies since taking power in 2006. He also nationalized Glencore’s Vinto tin smelter in 2007.
Zinc for delivery in three months jumped 15 percent since clashes at the mine began in early September to close at $2,115.50 per ton in London today. Tin gained 7 percent this month to close at $20,750 per ton.
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