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Bolivian Government Agency to Audit Orvana’s Bolivian Subsidiary, EMIPA

Orvana has been advised that the purpose of the audit is to verify EMIPA’s compliance with Bolivian commercial and administrative regulations during the period from 2005 through 2009. EMIPA understands that it is one of a number of companies currently being audited by AEMP.

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There are many companies with assets in Bolivia, and as the release suggests, this audit is not directed on Orvana only, but on several other companies as well. Pan American Silver, Newmont Mining, Coeur d’Alene are some of the companies found to have operations in Bolivia today.

Full release