San Cristóbal mine (Bolivia)

As the ore body is open both at depth and laterally, reserve expansion potential is considered excellent.

Quinton Hennigh, President and Director of San Cristobal Mining, said the transaction was funded by Crescat Capital LLC (Denver, Colorado) and other financial partners.

The acquisition was supported by the Japan Bank for International Cooperation and Nippon Export and Investment Insurance (NEXI).

Most of the workers are from local towns in the AltiPlano including San Cristobal, and Culpina K.[citation needed] The San Cristobal mine faces some controversy with the Bolivian government due to Bolivian President Evo Morales's desire to nationalize, at least in all but name, the mining industry in Bolivia.

This is the most significant step since the May 10, 2006 ruling by the Bolivian Supreme Court which declared the Mining Code to be unconstitutional.

Under Bolivian law, local and foreign companies are treated equally in obtaining mineral concessions.

It ruled the State does not have the proper authority to give the aforementioned concessions to private companies wishing to engage in the mining of natural resources.

Map showing the location of the San Cristobal District
Geologic Map of the San Cristobal mining area
Legend to the geologic map