The bids start at…
A 50 percent stake in the world’s biggest iron ore deposit is up for grabs. In 2013 the Bolivian government declared it was open for tenders for the Mutún deposit, located near the border with Brazil.
Estimates indicate that Mutún contains 20 billion tonnes of iron ore. To put that in perspective, all of India’s iron ore deposits add up to 28.5 billion tonnes.
Mutún would be Bolivia’s first integrated steel facility and its largest foreign investment.