Bolivia searches for uranium

18 May 2010

Bolivia's Ministry of Mining has announced the launch of a project to explore for uranium in the central Potosi region, according to a Reuters report. Hugo Delgado, the head of Sergeotecmin, the body responsible for geological studies, said that the government is investing $500,000 in the project. He added, "It's a research and exploration project. We've got a study from 1970, but it does not state the size of reserves." Delgado said that his office should be able to release the results of the study by the end of the year. He did not say if the government had any plans to mine its uranium reserves, if it eventually finds large deposits.