Bolivia overtager tinsmelter

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The Bolivian government has seized control of the Andes countrys largest, privately-run tin smelter (bearbejdnings) complex, BBC online reports Friday.

Signing a decree nationalising the Vinto complex, President Evo Morales said there were no immediate plans to pay compensation to the sites owners. More than 200 Bolivian soldiers were sent to occupy the complex, run by Swiss company Glencore.

Bolivias leftist president last year moved to nationalise the poor South American countrys energy industry.