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Title : New Pacific Metals (NUAG.v) and ministerial bribery
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New Pacific Metals (NUAG.v) and ministerial bribery

Interesting developments out of Bolivia, where the interim government that took control after the Evo Morales ouster* last year has announced that the ex-Minister of Mining in the Evo Morales government, César Navarro, has been benefiting from bribery and corruption inside the Bolivoan mining industry and one of the most suspicious deals of all is his involvement as "strategic partner" of the "Empresa Minera Alcira S.A.", which just happens to be the wholly owned subsidiary of New Pacific Metals (NUAG.v) and hold its flagship property in Potosí.

Here's a link and below a translation of one of the Q&As between the reporter and the new minister, Carlos Fernando Huallpa, who is on the trail of Navarro's corrupt activities

Reporter: What action is your ministry taking regarding the corruption cases connected to the previous government?

CFH: Clearly, there are cases of corruption and cash-for-favours. I have also denounced issues from the previous government. Contract irregularities have been identified, as they show preferential treatment for private companies and not toward the (state-run) co-operatives.

In Potosí, the company Alcira (Empresa Minera Alcira S.A.) has been concessioned almost 70 concession blocks. And of the reports of irregularities we have, Alcira is a large company which has señor César Navarro (ex-Minister of Mining) as a strategic partner and who was the person who made sure the concession blocks were awarded to Alcira easily.

In the offices of the Ministry of Mining, we have also discovered the existence of a group called "Inti", made up of people who participated in the marches defending the previous government. It appears there have been illegal payments and extorsion going on inside the ministry, we are still investigating this."

*Coup or not? Up to you and not the point today-

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