jan 1, 2017 - Yacimientos de Litio Boliviano (YLB), an independent state-owned lithium company was created

Description:

In 2017, seven years after the first attempt, an independent state-owned lithium company was
created: Yacimientos de Litio Boliviano (YLB), this time without major protests on behalf of
COMCIPO or other actors (Obaya, 2019). The reasons behind this are unclear but might
relate to COMCIPO being exhausted from all the years of resistance. At any rate, YLB was
liberated from COMIBOL and transferred from the Ministry of Mining to the Vice Ministry
of High Technology and Energy, under the mandate of the Luis Alberto Echazú, who had
previously been the one responsible for GNRE 4
. This meant that there was only one
independent entity that could be entirely in charge of all stages of the lithium project, without
having to focus on the other forms of mining that COMIBOL had been occupied with (Ávila,
2017, p. 13).

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