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Bolivia revokes silver mine permit

Bolivia intends to revoke the concession of a Canadian company to mine a rich silver deposit following opposition from Quechua Indians who had seized company workers to press their case.

President Evo Morales presided over the signing of an agreement with two Quechua communities that opposed the project by South American Silver in Bolivia's southern highlands.

The communities released two mining engineers over the weekend after holding them for 10 days. Three others engineers were held for five days before fleeing.

That follows a clash between police and Indians in which one Indian died under circumstances that remain unclear.

The company estimates the deposit's reserves at 140 million ounces.

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